Kotak Micro ATM

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

Micro ATM services 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 and will act as ‘Micro ATM’) 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

Here’s how this will work:

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.

Benefits to customers:

Convenience
Avoid long waiting time at the ATM
Advantage of large network of Micro ATM

Frequently Asked Questions

What is Micro ATM?

Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals 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.

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 will be provided to the customers is Cash withdrawal & Balance enquiry

What types of cards can be used at a Micro ATM?

All domestic ATM / ATM cum debit cards can be used for the transacting at Micro ATMs

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

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

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