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ALTERNATE DELIVERY CHANNELS - DIGITAL BANKING
What is the full form of ATM in the context of alternate delivery channels?
ATM stands for Automated Teller Machine. It is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative.
What is a Cash Deposit Machine (CDM) and how does it function?
CDM is an ATM variant that accepts and credits cash deposits instantly.
Which RBI guideline governs the operation of White Label ATMs in India?
RBI's White Label ATM (WLA) Policy guidelines issued in 2012 govern WLAs. These are ATMs set up, owned, and operated by non-bank entities authorised by RBI.
What is a Recycler ATM and what is its key advantage over standard ATMs?
Recycler ATMs accept deposits and reuse that cash for future withdrawals.
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