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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.