Question 1

Which type of ATM is owned and operated by non-bank entities but carries the logo of the sponsoring bank?

Accepted Answer

Brown Label ATM. Brown Label ATMs are owned by a third party but the cash management and network connectivity are provided by a sponsor bank. The bank's brand is displayed on the machine to build customer trust. This model helps banks expand their reach without significant capital expenditure.

Question 2

What is the primary purpose of a 'Green Label ATM'?

Accepted Answer

Agricultural transactions. Green Label ATMs are specifically designed to facilitate banking and financial transactions related to agriculture. They help in providing better banking access to the farming community in rural areas. These are part of the specialized categories of ATMs used in India.

Question 3

Which color label is used for ATMs specifically meant for share trading and related transactions?

Accepted Answer

Orange Label. Orange Label ATMs are dedicated to providing services related to the buying and selling of shares. They are specialized machines intended to cater to investors in the capital market. Such categorization helps in identifying the specific functional utility of the terminal.

Question 4

Which organization in India provides the license for operating White Label ATMs?

Accepted Answer

RBI. The Reserve Bank of India is the regulatory authority that grants permission to non-bank entities to set up White Label ATMs. These entities must comply with specific net worth and operational guidelines set by the central bank. This oversight ensures the security and stability of the digital payment infrastructure.

Question 5

ATMs that are located within the premises of a bank branch are technically called?

Accepted Answer

On-site ATMs. On-site ATMs are situated inside or right next to a physical bank branch building. They are directly maintained by the branch staff and are convenient for bank customers visiting the branch. This is the most traditional deployment of automated teller machines.

ATM Types — Set 1