AADHAAR BASED ATM :Aadhaar Based ATM is an ATM service that allows a person to pull cash from an ATM by providing Aadhaar Card number and biometrics. With this service, you do not need an ATM Debit Card or PIN to withdraw cash from an ATM. So Enjoy this Great Service. You can Also use Bhim App By Modi for online Payments.
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. The service was first tested in April by DCB (Development Co-operative Bank) Bank in Mumbai. Later, the bank expanded its testing to the states of Odisha and Punjab.
AADHAAR BASED ATM Full Details
There is no need to carry any ATM Card in your wallet. You do not have to take the trouble to memorise your PIN or change it often. Whenever you need cash simply provide Aadhaar Details and Biometric Verification and you can withdraw the cash.
Instead of waiting all the time out this is a service you do not require an ATM card. One more benefit is the bio-metric security is said to be better than ATM PIN . As the Aadhaar Card Number is not private, people were reluctant to use the service but here, the bio-metrics is safer.
AADHAAR ATM SERVICE AVAILABILITY :
The service will take a time to go down well in a populated nation. The DCB earlier announced the service will expand to its 400 ATMs countries wide in the next six months. This was back in the month of June and we are still awaiting an update on this. This is definitely a great service that is easier than an ATM card withdrawal but there are other issues.
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How can AADHAAR BASED ATM help?
Well, the first major benefit of this service is that it eliminates the need of carrying your ATM cards to withdraw cash. Every now and then, we do lose our ATM cards and the process post that is usually more than a handful for most people . From blocking the lost card to issuing the new one, and a new PIN seperately, it takes time which can be a real pain in situations where you really need cash and an ATM is the only quick way to get it.
Another benefit which can be extracted out of this service is the added amount of security. Your biometric details are any day safer than your ATM PIN. Initially, people were reluctant to use this service with the thought that Aadhaar Card number is not a private affair but here one has to note that it’s not the Aadhaar Card number but the fingerprint or iris details which safeguard your details.
SO in effect, the Aadhaar number is just the first of the two factor authentication process which we have when we insert the ATM card and PIN usually.