An automated teller machine (ATM) is an electronic banking outlet, which allows customers to complete
basic transactions without the aid of a branch representative or teller.
Different Types Of ATM Are As Follows:
1. On site ATM - Is situated either within the branch premises or in very close proximity of the branch.
2. Off-site ATM - Is not situated within the branch premises but is located at other places, such as shopping centers, airports, railways station and petrol stations.
3. Worksite ATM - Is located within the premises of an organization and is generally meant only for the employees of the organization.
4. Cash Dispenser - Allows only cash withdrawals, balance enquiry and mini statement requests, cash dispenser(CD) is generally used as the ATM, however the customer cannot deposit cash or cheques in a CD, where, they can use ATM both for cash withdrawal and for depositing cash or cheque.
5. Mobile ATM - refers to an ATM that moves in various areas for the customers. Few private banks have introduced ATM on wheels.
6. White Label ATM - White Label ATMs are those ATMs which set up, owned and operated by nonbank entities, which have been incorporated under Companies Act 1956, and after obtaining RBI’s approval
7. Green Label ATM - Provided for Agricultural Transaction
8. Orange Label ATM - Provided for Share Transactions
9. Yellow Label ATM - provided for E-commerce
10. PINK label ATM - Provided for women banking
11.BROWN label ATM - These ATM's are those where hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank .
Different Types Of ATM Are As Follows:
1. On site ATM - Is situated either within the branch premises or in very close proximity of the branch.
2. Off-site ATM - Is not situated within the branch premises but is located at other places, such as shopping centers, airports, railways station and petrol stations.
3. Worksite ATM - Is located within the premises of an organization and is generally meant only for the employees of the organization.
4. Cash Dispenser - Allows only cash withdrawals, balance enquiry and mini statement requests, cash dispenser(CD) is generally used as the ATM, however the customer cannot deposit cash or cheques in a CD, where, they can use ATM both for cash withdrawal and for depositing cash or cheque.
5. Mobile ATM - refers to an ATM that moves in various areas for the customers. Few private banks have introduced ATM on wheels.
6. White Label ATM - White Label ATMs are those ATMs which set up, owned and operated by nonbank entities, which have been incorporated under Companies Act 1956, and after obtaining RBI’s approval
7. Green Label ATM - Provided for Agricultural Transaction
8. Orange Label ATM - Provided for Share Transactions
9. Yellow Label ATM - provided for E-commerce
10. PINK label ATM - Provided for women banking
11.BROWN label ATM - These ATM's are those where hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank .
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