Types of ATM

1. Off-Site ATM

Off-site ATMs are placed in locations away from bank branches. These machines are strategically located to provide customers with easy access to banking services without requiring a visit to the branch. They are commonly found in shopping malls, airports, railway stations, corporate offices, and remote areas.

  • Features:
    • Operates as a standalone unit.
    • Provides basic banking services such as cash withdrawals, balance inquiries, and fund transfers.
    • Often located in secure kiosks with CCTV and surveillance.
  • Purpose:
    • Increases a bank’s accessibility and convenience for customers.
    • Extends banking services to areas where opening a full branch is not viable.

2. On-Site ATM

On-site ATMs are located within or near a bank’s branch premises. These machines complement the branch’s services by providing customers quick access to basic transactions.

  • Features:
    • Installed within the bank’s property or nearby.
    • Accessible 24/7, even when the branch is closed.
    • Branch staff can assist in case of technical issues.
  • Purpose:
    • Reduces customer congestion in the branch.
    • Ensures seamless service continuity even during non-banking hours.

3. White Label ATM (WLA)

White Label ATMs are owned and operated by non-banking entities authorized by regulatory authorities. They provide ATM services to customers of multiple banks but do not display any specific bank’s branding.

  • Features:
    • Operated by private companies.
    • Offers cash withdrawals, balance inquiries, mini-statements, and PIN changes.
    • Compatible with interbank networks like Visa, MasterCard, or RuPay.
  • Purpose:
    • Enhances ATM penetration in rural and semi-urban areas.
    • Provides access to banking services in underserved regions.

4. Brown Label ATM

Brown label ATMs are owned and maintained by a third-party service provider, while the associated bank takes responsibility for cash management, branding, and compliance.

  • Features:
    • Branded with the bank’s name.
    • The infrastructure is managed by a service provider.
    • Similar functionality as regular bank ATMs.
  • Purpose:
    • Reduces operational costs for banks.
    • Facilitates rapid expansion of ATM networks.

5. Green Label ATM

Green label ATMs are specifically designed for agricultural transactions. They cater to the needs of farmers and agricultural workers by providing access to funds for agricultural purposes.

  • Features:
    • Supports agriculture-related banking services.
    • Often located in rural and semi-urban areas.
  • Purpose:
    • Promotes financial inclusion for the agricultural community.
    • Provides an easy way for farmers to access government subsidies and agricultural loans.

6. Orange Label ATM

Orange label ATMs are dedicated to capital market transactions. They are linked with stockbrokers or financial institutions to allow users to access funds or perform transactions related to share trading.

  • Features:
    • Supports stock market-related activities.
    • Linked to financial institutions or brokerage accounts.
  • Purpose:
    • Simplifies financial transactions for investors and traders.
    • Provides easy access to funds for capital market operations.

7. Yellow Label ATM

Yellow label ATMs are designed to cater to the needs of e-commerce customers. They allow customers to make payments for online purchases or settle cash-on-delivery payments.

  • Features:
    • Facilitates e-commerce transactions.
    • Enables integration with online shopping platforms.
  • Purpose:
    • Bridges the gap between physical cash and online transactions.
    • Supports the growing e-commerce ecosystem.

8. Pink Label ATM

Pink label ATMs are exclusively designed for women to provide them with a secure and comfortable environment for their transactions. These ATMs are often located in areas with enhanced security measures.

  • Features:
    • Dedicated for use by women customers.
    • Enhanced safety features like CCTV, security guards, and well-lit locations.
  • Purpose:
    • Encourages financial independence among women.
    • Provides a safe and inclusive banking experience.

9. Biometric ATM

Biometric ATMs use advanced technology like fingerprint scanning, iris recognition, or facial recognition for customer authentication. These ATMs offer secure and cardless banking options.

  • Features:
    • Uses biometric identifiers instead of PINs or cards.
    • Cardless transactions for added convenience.
  • Purpose:
    • Enhances security against fraud and unauthorized access.
    • Ideal for areas where literacy is low, and customers may struggle with PINs or cards.

10. Mobile ATM

Mobile ATMs are portable units installed in vehicles like vans or buses. These ATMs travel to different locations to provide banking services where needed, such as during emergencies, festivals, or rural outreach programs.

  • Features:
    • Fully functional ATMs installed in a vehicle.
    • Deployed temporarily in areas with no ATM presence.
  • Purpose:
    • Ensures banking continuity in disaster-stricken or remote areas.
    • Increases accessibility during large events or gatherings.

11. Smart ATM

Smart ATMs are advanced machines equipped with features like video calling, cardless transactions, and integration with mobile banking apps. They offer a personalized and interactive banking experience.

  • Features:
    • Provides services like fund transfers, utility bill payments, and cardless cash withdrawals.
    • Interactive touchscreens and video conferencing capabilities.
  • Purpose:
    • Caters to tech-savvy customers.
    • Reduces dependency on physical branches for routine tasks.