History of ATMs in India
First ATM in India: Established by HSBC (Hongkong & Shanghai Bank Co-operation) in 1987.
SBI ATMs
65,000+
HDFC ATMs
18,000+
Primary ATM Classifications
1. White Label ATM
- Established by NBFCs.
- Requires RBI permission under the Payment & Settlement Act 2007.
- RBI is directly involved.
- Logo is provided by a sponsored bank.
- First White Label ATM: Indicash by TATA
2. Brown Label ATM
- Established by a Bank, but its maintenance is outsourced to a third party.
- RBI does not involve directly.
- Logo is of the bank itself.
- Cash is provided by the bank itself.
Color-Coded ATM Labels
ATMs classified by their specific transaction purpose.
Green label ATM
For agricultural transactions.
Yellow label ATM
For E-commerce transactions.
Orange label ATM
For share transactions.
Pink label ATM
For women customers only.
Practice Quiz
Which bank established the first ATM in India?
State Bank of India
HDFC Bank
HSBC
ICICI Bank
Which type of ATM is established by an NBFC with RBI permission under the Payment & Settlement Act 2007?
Brown Label ATM
Pink Label ATM
White Label ATM
Green Label ATM
What is the primary feature of a 'Brown Label ATM'?
Only for women
Established by a bank with maintenance outsourced
For agricultural use
No bank logo