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Government activates nearly 2 lakh micro-ATMs

About 2 lakh micro-ATMs will come to the rescue of people as the government has directed banks to activate nearly 1.1 lakh such ATMs in rural areas and nearly 90,000 in urban and semi-urban areas. 
●    Micro-ATMs are handheld devices enabled with GPRS and some have a fingerprint scanner attached to them, making them Aadhaar-compatible. 
●    All that a customer has to do is use the debit card as he would in an ATM, and the moment the card is swiped, the micro-ATM connects it to the core banking system and money is either debited or credited from the account. 
●    A large number of micro-ATMs will be deployed across the country to facilitate the disbursement of new currency. 
●    The government has also increased the cash holding limit of business correspondents to Rs 50,000. 

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