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.
- 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.
Categories: Banking Current Affairs 2017