Debit card holders of all banks can use THIS bank’s Micro ATMs across India

Debit card holders of all banks can use THIS bank’s Micro ATMs across India

New Delhi: Kotak Mahindra Bank Ltd (KMBL) on Tuesday launch Micro ATMs across the country. Customers of all banks who possess a debit card can use a Kotak Micro ATM for key banking services such as cash withdrawals and checking account balances. A mini version of an ATM, micro ATMs are small handheld devices.

"KMBL is using its extensive Business Correspondents (BC) network to launch micro ATMs. The Business Correspondent could be a shopkeeper for instance, who will act as a convenient touchpoint for customers and assist them with the transaction. Using their debit card and PIN, customers can conduct transactions instantly through the Kotak micro ATM. The micro ATM is connected to the core banking network using the General Packet Radio Service (GPRS) technology," a bank statement said.

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