Question

What is the minimum net worth for a firm to set up white label atms?

Answer 1

Answer:

With a net worth of at least Rs 100 crore, any non-bank entity can set up, own and operate these ATMs to provide services to customers of Indian banks. In an effort to extend the reach of banking services, the Reserve Bank of India (RBI) on Wednesday issued final guidelines to set up white label ATMs (WLAs).