✅Types of ATM :-
♦️White Label ATMs (WLAs): ATMs set up, owned and operated by non-banks (i.e NBFCs) are WLAs. Non-bank ATM operators are authorised under the Payment & Settlement Systems Act, 2007 by RBI.
♦️Green Label ATMs – ATMs for agricultural transactions.
♦️Orange label ATMs – ATMs used for share transactions.
♦️Pink Label ATMs – ATMs that are meant only for women (ease their banking).
♦️Yellow Label ATMs – ATMs meant for E-commerce facility.
♦️Brown Label ATMs – ATMs that are outsourced by a bank to a third party (based on the concept of sharing the cost).
♦️Biometric ATM – These are ATMs that use security features like fingerprint scanner and eye scanner of the customer to access the bank details.
♦️Onsite ATMs – ATMs that are located inside the bank’s premises.
♦️Offsite ATMs- ATMs that are located in various places except inside the bank’s premises.
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