DCB Bank launches India’s first Aadhaar-based ATM

DCB Bank has launched an India’s first of its kind Aadhaar-based Automatic Teller Machine (ATM) usage facility.

Currently, this ATM has been placed in pilot site at DCB Bank at Peninsula Business Park, Lower Parel, Mumbai.

Key facts

  • Under this facility, DCB customers can transact using his biometric details instead of the PIN. Thus it is a cardless and PIN less ATM.
  • The ATM will dispense cash from the bank account by accepting Aadhaar number and Aadhaar fingerprint (biometric) of the customer instead of ATM/Debit Card and PIN.
  • The customer can swipe the card at an ATM or key-in the 12-digit Aadhaar number to start a transaction.
  • But at the stage of confirming the identity, it requires biometric details rather than the PIN.

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Categories: Banking Current Affairs 2017

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Comments

  • Pooja
    Reply

    Is it safe? As Adhaar Card no is used everywhere. In my opinion it can hit the Security reasons.

    • shankar

      yeah its safe …bt may b nt 100%

  • Atul09
    Reply

    Without using your finger print it will not dispense the cash. So actually you are doing a 2 step Security check which is an safer option.

    Now the only concern over here is if someone takes the impression of your finger prints on some material and then places on this system will it accept that or not.

    I hope they have taken care of such breach…

  • Megharaj
    Reply

    super it’s amazing

  • shankar
    Reply

    wow its really awesome …

  • kanchan sungh
    Reply

    yes its really safe cause if anybody lose its card or it has been theft by anyone .nobody use it without fingerprints