New ATMs in India, more availability of Cash

The ATMs you are currently using in India, will be changed soon with more advanced ATM machines. Within 3-4 months advanced ATM machines will be set up in India. These machines can be used to do multiple works. NCR Corporation, a Hardware and Software Company of US told this in a report after launching their development center at Hydrabad.

What are the new features of Advanced ATM machines?

Face scanner will be present in new ATMs.

Bio-metric devices will be used.

Money transfer will be possible with advance ATM machines.

Beside withdrawing cash, user will be able to deposit cash and cheques.

And the most important one is, a customers deposited cash will be used to be withdraw by another customer.

So there will be no shortage of cash.

Firstly these multifunctioning ATMs will be set up in metro cities. Presently the machines are in use is 8 to 10 years old. As demonetization happen, after November 2016 new currency notes are coming in the market. So structure of these new ATM machines will be changed.