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 Points
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.
Current Affairs 5th April, 2016 Highlights of Union Budget 2016-17 Highlights of Railway Budget 2016
Join The Discussion