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Digital money wallet Oxigen and RBL Bank have joined hands to supply cash to people through micro ATMs installed in mobile vans across Delhi NCR.
RBL Bank said its has commissioned Oxigen Services India, to deploy 25 of its SuperPoS MicroATM on mobile vans to ease cash flow problems following demonetisation.
This will enable RBL to offer doorstep banking services to customers who can use their Aadhaar-linked bank accounts to withdraw and deposit cash, money transfer and even make payments and recharge.
"Scrapped Rs 500 and Rs 1,000 notes can also be deposited into the accounts. The micro ATMs will use thumb impressions and/or Aadhaar details to facilitate these transactions," the bank said.
The machines, to be deployed initially in Delhi NCR, also have the option of withdrawing cash with debit card.
"We have tied up with Oxigen, our Business Correspondent partner, to provide an easy and convenient service to our customers who need not wait in queues to carry out their banking transactions," RBL Bank Head of Strategy, Retail and Financial Inclusion Rajeev Ahuja said.
Oxigen Services India Deputy MD Sunil Kulkarni said, "Oxigen, in partnership with RBL Bank, has undertaken this initiative on a war-footing so that customers no longer have to queue up to withdraw or deposit money."
This is a major step in financial inclusion as our SuperPoS Oxigen MicroATM also comes with a range of features that makes banking faster, simpler and smarter," Kulkarni said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)