Union Bank of India, Dena bank and Central Bank of India are planning to install biometric automated teller machine (ATM) to provide services for rural customers of India.
Corporation bank, Andhra Bank and Canara Bank have also shown keen interest in rolling out a pilot study by introducing biometric ATM. These biometric ATMs would be used as tool for financial inclusion. According to MV Nair, Chairman & Managing Director of Union Bank of India, the main focus is to install these biometric ATMS in rural markets. The new biometric ATMs will provide banking services for illiterate people. The executive director Central Bank, K Subbaraman told, the bank is planning to install firstly in rural areas of Bihar and further to be installed in urban areas too. It is expected that Citibank is expected to launch biometric ATMs services from 1st December.