Neha JainHere is a good news for the people of Jaipur because now this place gets Indicash ATM and that too in a 4 different places. For those who do not know about the Indicash ATM, it is ATM, which accepts any debit cards of banks without any charges. People can check as well as withdraw money other than their own banks and it does not charge from you for that. Indicash ATM is also called as white label ATM, which gradually looming its area all over the India. Jaipur has got 4 ATMs, which is itself a big thing that brings with lots of benefits for both people and the bank authorities. The ATM does not contain a logo of any other bank and the sponsored banks provide cash to those ATMs.
The four places of Indicash ATM in Jaipur:
- JDA shopping centre:
26, JDA Shopping Centre, Triveni Nagar, Jaipur, Rajasthan, Pin -302018.
- Kings Road:
12, Padmavati colony Ist, Kings road, Jaipur, pin-302019
- Rajapark:
219, Dhruv Marg, Rajapark, Gururnanak Pura, Jaipur, Pin-302004.
- Vaishali Nagar:
Plot No-63, Nemi Nagar Vistar, Bir Khatipura, Vaishali Nagar, Jaipur, pin-302021.
About the Indicash ATM:
RBI has given the permission to open the Indicash ATM to non-banking entities who have a minimum value of Rs, 100 crore. Tata Communication Payment Solution Ltd gets the permission from the RBI to open such ATMs in all over India. Other than the TATA, 15 companies also have the license to open white label ATMs. The companies should look after the ATMs, especially the maintenance issue of ATMs on their own.
Benefits of Indicash ATM:
Indicash ATM makes the task easier for both people and the bank, as anyone can withdraw money from here and it is open for 24/7. For the bank, it is a good option and for that they do not need to deal with huge client pressure. As per the guidelines stated by the RBI, the first five transactions are free and with that people can get 5 more transactions other than their own banks. The Indicash ATM gives the benefits of withdrawing 10,000 rupees per transaction. Apart from the transaction, Indicash ATM also provides some value added services, including electricity/telephone bill payments, mobile recharge and Dish-TV and Tata-sky recharge.
Some limitation of Indicash ATM:
Even having lots of benefits, it fails to attract the customer and the main reason behind this is the security. Indicash ATM does not have security guards, which makes people avoid this ATM, especially when the attack in ATM is increasing day by day. To improve the system, improvements are needed from the ground level.
