Micro ATM – FI Solution

Providing banking facilities and an array of ATMs throughout the rural areas is unviable for banks due to high Infrastructure cost, the low number of accounts, low volume of transactions and low value of transactions. The government has suggested a Micro ATM model for increasing transactions in the rural areas. Micro ATM is a bank-led model which facilitates online interoperable financial inclusion transaction at POS terminals through Business Correspondent (BC) / Primary Agricultural Credit Society (PACS).

Micro ATM solution is integral part of Government of India’s FI Mission. It offers various banking services at an affordable cost to the vast sections of disadvantaged and low income group. The various solutions include: a) RuPay Card-based On-us and Off-us transaction on Micro ATMs b) AEPS Cardless On-us and Off-us Transactions on Micro ATMs c) eKYC Transactions

solution features

  • Micro ATMs will be connected to the FI Switch and will allow the targeted beneficiaries to access their accounts at various Micro ATM centres.
  • In addition to their own branches, Banks will appoint multiple BCs / PACS to operate as Micro ATM centres. BCs / PACS are individuals or societies who work as bank agents in various geographies.
  • Customers need to carry their Rupay Debit cards to the Micro ATM centres where the agents / correspondents will help / guide them for initiating / completing transactions.
  • The card is inserted into the Micro ATM device and transaction is initiated through ATM + PIN.
  • For Aadhaar-based transactions, finger print / biometric authentication has to be carried out. After successful authentication from UIDAI, the transactions will be completed and updated to the bank server.
  • A receipt is issued to the beneficiary; also a beep prompt is provided as a third-level authentication.

transactions enabled

  • Cash Deposit
  • Cash Withdrawal
  • Fund Transfer
  • Balance Enquiry
  • Service Request acceptance
  • Aadhaar Seeding
  • eKYC based saving account opening
  • Bill payment using BBPS
  • AEPS (On-us and Off-us Transactions):
    • Balance Enquiry
    • Cash Deposit
    • Cash Withdrawal
    • Fund Transfer

sarvatra upi switch

  • Micro ATM solution enables the unbanked rural people to easily access micro banking services in a very cost effective manner at remote locations.
  • Micro ATM solution will help in creating additional earning opportunity to the BC as well as Acquiring Bank.
  • Micro ATM enables online updating of transactions, thereby helping rural banking digitalisation.
  • Micro ATM are cost-effective. They support vernacular language display and voice with inbuilt biometric authentication that helps the banks to achieve total financial inclusion in real terms.
  • NABARD has announced Claim for assistance under Financial Inclusion Fund (FIF) for Micro ATMs.
  • NABARD will allow bank to claim reimbursement to the extent of Rs.6,000/, after the deployment of POS devices at Tier 5 and Tier 6 Centres. The bank can claim reimbursement in maximum of two installments per sanction.
  • Issuing Bank
  • Acquiring Bank
  • Business Correspondent (BC)
  • Technology Service Provider (TSP)
  • Multilateral Switch
  • RBI
  • Micro ATMs to be deployed by banks should comply to IBA, IDRBT, NPCI and UIDAI formulated
  • Micro ATM 1.5.1 standard or its latest revised version, if any
  • Micro ATM deployed should also have EMV Chip and PIN and Aadhaar (biometric validation) acceptance capability
  • Support under FIF is available for Micro ATMs, all-in-one integrated devices
  • Biometric scanner
  • Connectivity including (Single/Dual SIM GPRS, CDMA, Ethernet, Wifi)
  • Non-volatile storage
  • Rechargeable, battery with minimum life in hours
  • Specific display size
  • Power Adaptor
  • Magstripe reader and PIN pad
  • EMV capability
  • Speaker
  • Location and Environment Capabilities
  • STQC certification of Scanner + Extractor meeting UIDAI standards
  • PCI-PED compliant PIN pad
  • Printer
  • Micro ATM transactions should be routed with the help of FI Gateway / Micro ATM Switch.
  • Transactions received from the server can be processed with an interface with the CBS as per specification.
  • The transactions is possible through CARD+PIN basis and AEPS & eKYC under ISO 8583 message protocol.
how can we help you?

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I am happy with the pace of work (in developing the UPI solution for ICICI Bank). It is also very encouraging the way you are tracking the progress. I am more confident that we can meet the deadline successfully.

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Former Head - Digital Channels, ICICI Bank Ltd.

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