To increase the outreach of banking facilities to smaller centres and establishment of Automated Teller Machines (ATMs) in such centres, Reserve Bank of India has issued draft guidelines to permit non-banks to set up ATMs in such centres.

Minister of State for Finance Namo Narain Meena in a written reply in the Lok Sabha said that such White Label ATMs will be owned and operated by Non-bank entities. They would require authorisation from RBI under the Payment and Settlement Systems Act 2007.