What is Micro ATMs? how it can be beneficial for people?

-




micro atm machine installed with Aadhar enable payment System
Micro ATM is latest version of tradition ATM machine. It is method of do payment transection online. Micro ATM machine is hardware device which connect customer account to bank service so that people can do financial transection like money withdraw, online payment, cash withdraw bill payment, etc. There are various business transection done through Micro ATM. The future of Micro ATM is bright in India. After revolution in digital world people are more interested to do payment through plastic money and all business transection done online so that it will help to reduce work load of bank's employee. Formally banking institutions installed ATM machine in various location that give extra burdon on banks revenue like machine cost, maintenance cost and infrastructure cost which could increase bank expanse. This cost is huge so what banks are doing they are promoting online payment system. Presently still ATMs are not reach to every place in India. According to survey, first atm installed in India was in 1987 by HSBC Shanghai bank corporation. Most of Village did not have ATM machine so it need to promote online payment system in village as well. 
Government facilitate to villager to connect bank to the farmer. Government has launch the various scheme like JANDHAN Yojana etc and under this scheme, banks allow villagers and peoples to open account with zero balance so that every farmer can get benefit.
 There are various organisation providing service in india like micro atm idfc, micro atm upsc, aadhar micro atm paypoint etc.

What transactions can be done at Micro ATM?

The Micro ATMs can perform following transactions –
  • Cash Deposit
  • Cash Withdrawal
  • Fund Transfer
  • Balance Enquiry
  • Service Request acceptance
  • Aadhar Seeding
  • eKYC based saving account opening

How Micro ATM Works?

Working of Micro ATM is similar to normal ATM machine.
  • Firstly, you need to undergo via a verification process. For the verification process, Aadhaar card with fingerprint scanning or card swipe option is provided.
  • Once verification is completed Micro ATM will display various transaction options.
  • You need to select the option and device will process the transaction.
  • On successful transaction, a message will be displayed on the screen and print receipt is generated.
  • You will also get SMS alert from your bank about the transaction.



What are the benefits of using Micro ATM?

  • One can extend banking services anywhere in the remote area using Micro ATM
  • It is a low cost option for the existing ATM
  • Micro ATM is portable device
  • Easy to carry, easy to setup anywhere in the remote area
  • Biometric enabled secured transactions
  • Interoperable device and can work for any bank
  • Useful to help people during demonetization process


For more details about services and products please contact us on our website link :

 http://www.baghelconsultancyservices.com

Please follow us our facebook page:

https://www.facebook.com/baghelconsultancyservices/



Comments

  1. postsblogJune 10, 2021 at 11:46 PM

    Thefull name of ATM is Automated teller Machine, which is an electromechanical machine composed of an automated banking platform that allows customers to operate smoothly without the help of branch representatives or cashiers. Withdrawing money at most ATMs ATMs are beneficial because they allow customers to conduct fast self-service transactions such as withdrawals, deposits, bill payments, and account-to-account transfers. It is held by the ATM operator or by both. Some of these fees can be avoided by using an ATM directly operated by the bank that opened the account.

    ReplyDelete

Post a Comment

Popular posts from this blog

Smart Home Connections

-
Image
 Google Assistant  Google Home Speakers enables users to speak voice commands to interact  with services through google's intelligent personal assistant called Google Assistant.A large number of services both in house and third party are integrated allows users to listen to musics, control playback of videos or photos or receive news upgrades entirely by voice. This integration allows users to use voice to bring up izou cameras on a chrome cast enabled TV. Amazon Alexa Amazon Echo Show is a smart speaker that is part of the Amazon Echo line of products. Similarly, to other devices in that family. It is designed around Amazon’s virtual assistant Alexa but additionally featured a 7- Inch display that can be used to display visual information to accompany its responses as well as play video and conduct video calls with other Echo Show users. Imou has integrated with Echo Show to user can simply ask it to bring up the live view of the camera ...
Read more

What is SMD Plus?

-
Image
What is SMD Plus? SMD Plus, short for Smart Motion Detection Plus, is a version upgrade of SMD that greatly improves the alarm accuracy by loading deep-learning algorithm. It analyses person and vehicle shapes based on motion detection and sends alarms only when person and vehicle intrudes. High Accuracy  SMD Plus supports more scenarios including indoor and outdoor, while SMD supports only distant view. Quick Target Search Extract and classify person and vehicle from massive video data easy for end users to trace historical information and analyzed. Person and vehicle optional for playback to achieve quick target search, saving event retrieval time. Other Benefits ·       Real-time alarm push DMSS remote notification to receive on site alarm information with target classification of person or vehicle  ·       Alarm Visualization Real-time tracking box to visualize alarm managemen...
Read more

Use iPhones as security cameras

-
Image
Use iPhones as security cameras Do you have any old Apple iPhone you use anymore? Isn't it sad to catch dust and sit in the drawer? This is the time to put it to work. You may be busy giving your latest iPhone models, but your old iPhone has some easy-to-use security features that you can use. All Apple iPhone has the desired technology you need to set up a security camera. This will make your mobile monitor as security camera. You need a place to fix your old iPhone, power, Internet and application to get it working. Turning your old iPhone into a web camera at the same time, you may also want to update your phone version that can support a security camera application. There are several applications for this purpose - free or paid. You must apply for the right to operate it, and it is easier than you think. Before investing in paid software, you can do a free trial of applications and the best way to get a fair idea of ​​what these security cameras can do for you. If...
Read more