DCB Bank launches India’s
first ‘Aadhaar Number’ & ‘Aadhaar Biometric’ (fingerprint) enabled ATM
• First
ever Aadhaar enabled ATM in India
• Aadhaar
enabled ATM transactions including cash withdrawal made possible
• No PIN or
Debit/ATM Card needed
• DCB Bank
ATM allows usual Debit/ATM Card option too
DCB Bank Ltd. launched on April 2, 2016, first time in India, an ATM
that accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of
ATM/Debit Card and PIN to dispense cash from the bank account. It is a
“Cardless and PIN less” ATM. This ATM is currently placed in pilot site at DCB
Bank at Peninsula Business Park, Lower Parel, Mumbai.
The first transactions were done by DCB Bank
customers, Mr. Ebrahim Iqbal Dewaswala and Mr. Prashant Lakshman Devlekar for
ATM cash withdrawal from their respective bank accounts. They were delighted to
part of this historic moment. For now, select DCB Bank staff and customers have
been enabled on this unique facility. The Bank plans to continue the pilot for
30 to 45 days and then begin the upgrade of all its 400+ ATMs to accept Aadhaar
number and Aadhaar fingerprint. Most of the existing ATMs do not have inbuilt
fingerprint biometric reader which needs to be installed and tested.
However, all new ATM installations already
have pre-installed fingerprint biometric reader. All DCB Bank ATMs will of
course continue to function in the conventional manner also.
Speaking on the occasion, Mr. Murali M.
Natrajan, Managing Director & CEO said, “We are delighted to launch India’s
first Aadhaar Number and Aadhaar fingerprint (biometric) ATM. Aadhaar has
become ubiquitous. This is a unique first of its kind wonderful facility. There
is no need for ATM/Debit Card or the hassle of remembering PIN. All a customer
needs to do is to input their 12 digit Aadhaar number and place their finger
tip on the biometric reader. The ATM verifies the details and completes the
transaction in no time. The ATM has multiple functionalities.
Customers can choose if they so desire to dip
their ATM/Debit Card in the slot (instead of inputting the 12 digit number) and
simply place their finger tip on the biometric reader (no need for PIN). It
works!! In order to use this unique facility, customers need to link their
Aadhaar number with their DCB Bank account number. At present only DCB Bank
customers will be able to use this facility.
Mr. Natrajan further added, “Someday not too
far all Point of Sale (the traditional Card swipe) transactions will go
biometric using Aadhaar”.
About DCB Bank Ltd.
DCB Bank Ltd. is a modern new generation
private sector bank with 176 plus branches across 17 states and 2 union
territories (as on
31st December 2015). It is a scheduled
commercial bank regulated by the Reserve Bank of India. It is professionally
managed and governed. DCB Bank has contemporary technology and infrastructure,
including state-of-the-art internet banking for personal as well as business
banking customers.
The Bank's business segments are Retail,
micro-SMEs and SMEs, mid-Corporate, Microfinance Institutions (MFI),
Agriculture, Commodities, Government, Public Sector, Indian Banks, Cooperative
Banks and Non-Banking Finance Companies (NBFCs). DCB Bank has approximately
500,000 customers.
The Bank has deep roots in India since its
inception in 1930s. Its promoter and promoter group the Aga Khan Fund for
Economic Development (AKFED) & Platinum Jubilee Investments Ltd. holds
around 16.3% stake. AKFED is an international development enterprise. It is
dedicated to promoting entrepreneurship and building economically sound
companies.
AKFED operates as a network of affiliates
with more than 90 separate project companies over 47,000 people. The fund is
active in 17 countries in the developing world.
For more details, please visit www.dcbbank.com & http://www.akdn.org/akfed
For media queries kindly contact Gaurav
Mehta, Head Marketing, Investor Relations & PR
gauravm@dcbbank.com
+91 9870432101
DCB Bank Limited
Corporate & Registered Office: 6th Floor,
Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai –
400013. Tel: +91 22 66187000; Fax: +91 22 66589970; www.dcbbank.com
DCB Bank Limited
Corporate & Registered Office: 6th Floor,
Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel,
Mumbai – 400013. Tel: +91 22 66187000; Fax:
+91 22 66589970; www.dcbbank.com
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