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DCB Bank launches Aadhar Card enabled ATM

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CIOL DCB Bank launches Aadhar Card enabled ATM

When people are asked for a dozen of papers for any bank application, a small-sized lender Bank has implemented the scheme - which was initiated six years ago by the government of India - where you can transact solely with Aadhaar card.

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DCB Bank, on 4th April, launched an ATM that accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM/Debit Card and PIN to dispense cash from the bank account, in short, a “cardless and PIN-less” ATM. This ATM is currently placed in a pilot site at DCB Bank, Peninsula Business Park, Lower Parel, Mumbai.

Mr. Murali M. Natrajan, Managing Director & CEO said, “We are delighted to launch India’s first Aadhaar Number and Aadhaar fingerprint (biometric) ATM. Aadhaar has become ubiquitous. This is a unique first of its kind wonderful facility. There is no need for ATM/Debit Card or the hassle of remembering PIN. All a customer needs to do is to input their 12 digit Aadhaar number and place their fingertip on the biometric reader. The ATM verifies the details and completes the transaction in no time. The ATM has multiple functionalities. Customers can choose if they so desire to dip their ATM/Debit Card in the slot and simply place their fingertip on the biometric reader. In order to use this unique facility, customers need to link their Aadhaar number with their DCB Bank account number. At present, only DCB Bank customers will be able to use this facility."

Mr. Natrajan further added, “Someday, not too far, all Point of Sale transactions will go biometric using Aadhaar.”

For now, selected DCB Bank staff and customers have been enabled on this unique facility. The Bank plans to continue the pilot for 30 to 45 days and then begin the upgrade of all its 400+ ATMs to accept Aadhaar number and Aadhaar fingerprint. Most of the existing ATMs do not have inbuilt fingerprint biometric reader which needs to be installed and tested. However, all new ATM installations already have pre-installed fingerprint biometric reader. All DCB Bank ATMs can also be used in a conventional manner.

DCB Bank Ltd. is a modern new generation private sector bank with 176 plus branches across 17 states and 2 union territories. The DCB Bank has deep roots in India since its inception in the 1930s. Its promoter, the Aga Khan Fund for Economic Development (AKFED) & Platinum Jubilee Investments Ltd. holds around 16.3% stake.

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