You must have seen the withdrawal of money from the Automated Teller Machine (ATM). Now such a facility has been started, through which you will be able to withdraw gold from ATM. Actually, the first real time gold ATM has been installed in Hyderabad, the capital of Telangana. Gold coins can be withdrawn from this real time gold ATM.
Hyderabad based company Goldsikka Pvt Ltd has installed this ATM with the help of Opencube Technologies. Customers can use debit or credit cards to buy gold coins through ATMs.
24-hour facility to buy gold According to C. Taruj, CEO of Goldsikka, which is in the business of buying and selling gold, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. The gold price on this ATM will be updated live. Gold ATM service will be available 24 hours.
The company will open 3 thousand gold ATMs According to Taruj, the company is planning to open gold ATMs in Peddapalli, Warangal and Karimnagar as well. The company plans to open around 3,000 Gold ATMs across India in the next 2 years.
Last year the country’s first ‘Grain ATM’ was established in Gurugram
It is noteworthy that the country’s first Green ATM was established last year in Gurugram, Haryana. Haryana’s Deputy Chief Minister Dushyant Chautala, who is in charge of food and supplies, had said that with the installation of grain ATMs, all the complaints regarding timely and complete measurements of those who take ration from government shops will go away.
He had said that the purpose of installing this machine is “Right Quantity to Right Beneficiary”. He said that this would not only benefit the consumers, but would also end the hassle of shortage of food grains at government depots.