DCB Bank launched Bengaluru's first ATM that accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM/Debit Card and PIN to dispense cash.
The "cardless and PIN less" ATM was launched by former Chairman of the Unique Identification Authority of India, Nandan Nilekani.
Nilekani is the Chairperson and Co-founder of EkStep Foundation, a non-profit literacy organisation.
"I am delighted that DCB Bank is launching an Aadhaar based ATM in Bengaluru, the first such facility in the city. I am confident the ATM will provide Aadhaar holders a convenient way to withdraw cash," Nilekani said.
DCB Bank Chairman Nasser Munjee said, "Bengaluru is an important centre for us.... These ATMs are testimony to our commitment to invest in customer facing technology and promote a new way of banking," according to a Bank release.
In April 2016, the Bank pilot launched India's first aadhaar based ATM in Mumbai. This was followed by launch of Aadhaar based ATM in Odisha and Punjab.
The Bank plans to upgrade all its 400 plus ATMs to provide Aadhaar-based functionality in the next six months or so, the release said, adding, presently, only DCB Bank customers will be able to use this facility.
DCB Bank's branches in Bengaluru offer a range of banking products for micro business, small business, NRIs and individuals, including loans for individuals and business owners, the release said.
DCB Bank is new generation private sector bank with 201 branches across 18 states and two union territories, it noted.
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