what is micro atm

A Micro ATM is essentially a mini, portable version of a traditional ATM. It is a handheld device, often resembling a modified Point of Sale terminal, used by banking agents or Business Correspondents (BCs) to provide basic banking services in remote and underserved areas. It connects to the banking network via mobile data and allows customers to perform secure transactions like cash withdrawals, balance inquiries, and fund transfers using their debit card and PIN or Aadhaar-based biometric authentication. This technology plays a crucial role in promoting financial inclusion across India.