Kotak Micro ATM – Now withdraw cash with ease

Kotak Micro ATM

We are always looking for innovative ways to add value to the services we can offer to our customers. Keeping this in mind, we have introduced Micro ATM (card + pin) that will cut across geographies.

Micro ATM is a dedicated offering by Kotak Bank Appointed Business Correspondents (BC) to deliver basic banking services. The platform will enable BC (who could be a local “kirana” shop owner) to conduct instant transactions. 

The Micro ATM machine is operated by an agent that will include a card reader for all cash withdrawals and balance enquiry transactions from all bank Debit Cards. 

 

Transactions available on Micro ATM (Card + Pin) as per NPCI:

  • Cash Withdrawal
  • Balance Enquiry
 

Benefits to customers:

  • Convenience
  • Avoid long waiting time at the ATM
  • Advantage of large network of Micro ATM
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Frequently Asked Questions

What is Micro ATM?

Micro ATM is a mini version of an ATM. Micro ATMs are like modified Point of Sales (POS) terminal, this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility. 

This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.

How will this work?

The Micro ATM machine is operated by an agent that will include a card reader for all cash withdrawal and balance enquiry transactions from all bank domestic Debit Cards. 

What are the services / facilities available at Micro ATMs?

Currently, basic functionality like Cash Withdrawal & Balance Enquiry is available. 

What type of cards can be used at the Micro ATM?

All domestic ATM / ATM cum Debit Cards can be used for transacting at Micro ATMs. 

What are the pre-requisites for transacting at the Micro ATM?

For transacting at the Micro ATM, the customer should traditionally have a valid card and Personal Identification Number (PIN).