Types of Atm : Bank ATM, Brown Label ATM, White Label ATM

Types of ATM:

1. Bank ATM-   These are owned and operated by the respective bank. For Ex. SBI Bank ATM, ICICI Bank Atm
2. Brown Label ATM-  When banks outsources the ATM operations to a third party, it is called brown-label ATm. They have logo of the bank.
3. White Label ATM- They are owned by non-bank entities. Eg- Muthoot Finance ATM, TATA Indicash, etc. There is no bank logo.

Extra Fact :-
Any non-bank entity intending to set up WLA should have minimum net worth of Rs. 100 crore


Why in News Recently ?:- 100% FDI have been allowed in WHITE LABELLED ATM.