What is an Aadhaar based ATM? Aadhaar based ATM is a service which lets you withdraw cash from ATM using your Aadhaar Card number and Aadhaar fingerprint (biometric) instead of your ATM Card or PIN. Aadhaar micro ATMs is a new way which offers a complete payment solution where a person’s Aadhaar number is good enough to make a transaction. According to UIDAI, more than 4 lakh Aadhaar micro ATMs are deployed as of now for doorstep banking services. More than 58 crore individuals can now use Aadhaar micro ATMs (Automatic trailer machines) for banking transactions without ATM card or PIN. Aadhaar micro ATMs payment is a new method that provides complete payment solution where individual's Aadhaar number is enough to make transactions. Aadhaar is a 12-digit unique identity number issued by UIDAI. Micro-ATMs will enable the following interoperable transactions: – Cash withdrawal – Cash deposit – Balance inquiry – Remittance Here is what you need to...
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