Aadhaar-based ATM
India's financial inclusion may not mean well-being of its citizenry. Pictured: Nandan Nilekani inaugurates Aadhaar based ATM in Bengaluru city on Monday, June 13, 2016.DCB Bank press release

Private sector bank DCB Bank on Monday launched the first Aadhaar-enabled ATM in Bengaluru (Bangalore). The ATM accepts Aadhaar number and finger-print to make cash withdrawals and other transactions.

"Bengaluru is an important centre for us. We are delighted to launch Bengaluru's first Aadhaar based ATM, a unique and transformative facility for users. These ATMs are testimony to our commitment to invest in customer facing technology and promote a new way of banking," Naseer Munjee, chairman, DCB Bank, said in a statement.

The first-of-its kind ATM was launched by Nandan Nilekani, former chairman of the Unique Identification Authority of India.

"I am delighted that DCB Bank is launching an Aadhaar –based ATM in Bengaluru, the first such facility in the city. I am confident the ATM will provide Aadhaar cardholders a convenient way to withdraw cash," Nilekani said in a statement.

In April 2016, a similar bank pilot was launched in Mumbai. This was followed by the launch of an Aadhaar based ATM in Punjab and Odisha.

DCB Bank plans to upgrade all of its 400 ATMs to provide Aadhaar-based functionality in the next six months. 

At present, only DCB Bank customers will be able to avail this facility.

The DCB bank's branch in Bengaluru offers a wide range of banking products for micro business, small businesses, NRI's and individuals. This includes loans for individual and business owners. For example, the bank offers loans against gold, loans for micro SME sector, home loans and car loans.

DCB Bank is a new generation private sector bank with 201 branches across 18 states and 2 union territories.