In what could be seen as a major attempt to enable people to do ATM transaction by using the Aadhaar card, DCB Bank has started an Aadhaar-based ATM usage facility which enables a customer to transact using biometric details instead of the PIN. It’s the first ever time any domestic bank has come with such a project.
Initially, only DCB Bank customers will be able to make use of the service.
Bank’s director and chief executive Murali Natrajan told media persons that the ATM operates using the Aadhaar data of customers and does not requires PIN. “I hope the banking industry would emulate similar technologies so that ATM transactions can be carried out without a card,” he added.
According to the procedure, the customer can provide the 12 digit Aadhaar number or swipe the card at the ATM to kick off a transaction but for confirming the identity of the person, it requires biometric details instead of the PIN.
One has to put his/her finger on the scanner. Many believe that scanning of finger is better than providing the PIN which can be forgotten because of multiple bank accounts.
The solution has been developed in-house and involves connecting up with the Aadhaar server to authenticate the identity of the customer every time a transaction is initiated, Natrajan stated.
If sources are to be believed, the bank, which has currently 400 ATMs, is trying to emulate the Aadhaar transaction model across the network within a year. The first of the Aadhaar-based ATMs has been installed at its corporate office in the megapolis’ Lower Parel area.