A Micro ATM is a portable, handheld device operated by a banking correspondent to provide essential banking services like cash withdrawal, balance inquiry, and funds transfer, particularly in remote or underserved areas. It acts like a mini Point of Sale (POS) terminal, connecting via GPRS to banks, utilizing biometric (Aadhaar) or PIN-based authentication.

Key Features and Benefits

• Doorstep Banking: Provides cash access in rural areas without the need for brick-and-mortar branches.
• Functionality: Handles cash withdrawals, deposits, balance inquiries, and mini-statements.
• Low Cost: Cheaper to set up than traditional ATMs, requiring no maintenance or high security.
• Authentication: Uses biometric scanners (fingerprint) and Aadhaar, or card + PIN.
• Supported Cards: Accepts all major domestic Debit/RuPay cards