Biometric Money Dispensing Machines

The banks install ATMs as per their assessed need and Business Plan. Banks also install ATMs with Biometric Authentication after assessing the specific needs and requirement, particularly in areas where the customers might have difficulty in using PIN based authentication. Installation of ATMs is part of the business activity of the banks and no funds are earmarked by the Government to be provided to banks for this purpose.

This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Lok Sabha today.

DSM/RS/ka

(Release ID :92457)