The private sector banking institution, DCB (Development Credit Bank) limited, has launched the first Aadhaar-based ATM in Bengaluru. This Tier-I city followed leading urban areas like Mumbai in providing this advanced facility that allows PIN-less and card-less transactions. This unique DCB ATM accepts Aadhaar number and Aadhaar-registered fingerprint instead of a card number and PIN at the time of cash withdrawals.
This cutting-edge machine was inaugurated by Nandan Nilekani, the former Chairman of the Unique Identity Authority of India. This newly introduced ATM is expected to be a key step towards providing convenient banking to the customers 24Ă—7 even if they have forgotten to carry their ATM card. At the same time it would provide additional safety and hassle-free services to the customers during their financial transactions at ATMs.
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Currently, this client-friendly technology can be accessed only by the customers of DCB Bank which is among India’s leading banks. As part of ongoing efforts, the bank aims to upgrade all of its 400 ATMs with this transformative technology over the next six months. This advanced use of Aadhaar card at DCB Bank ATMs under Nasser Munjee is a key step towards convenient banking and is being hailed as a major milestone in India’s financial industry.