India's first real-time gold ATM has been launched in Hyderabad. This GoldSikka ATM dispenses gold coins. People can buy gold coins by inserting their debit or credit cards into them. The ATM can hold 5 kg of gold. Gold coins ranging from 0.5 to 100 grams will come out of this.
Gold coin's Vice President Pratap said that Goldcoin Limited Company was established 4 years ago. Our CEO got an innovative concept of withdrawing gold coins through an ATM. After doing a little searching, we found out that it is possible. We tied up with Open Cube Technologies, a start-up company based in Hyderabad. The in-house department of both companies prepared the design for it.
8 types of coins will be able to come out from ATM
Pratap said that the special thing about the ATM is that it updates the gold prices live. Each ATM can hold 5 kg of gold, which is worth around Rs 2-3 crore. The ATM dispenses coins ranging from 0.5 grams to 100 grams. This includes 0.5-gram, 1-gram, 2-gram, 5-gram, 10-gram, 20-gram, 50-gram, and 100 gram coins. These coins are 24-karat gold and 999 certified.
The Vice President told us- On December 3, till the afternoon, about 20 people had come to us. We hope more people will use it. We are planning to install the next 3-4 machines at Hyderabad airport, old city, Ameerpet and Kukatpally. We have also received orders from Karimnagar and Warangal. We are focusing on Telangana first. He said that we will move forward in South India and over time will set up around 3,000 ATMs across the country. We are also planning to go global.
ATM safety features
Talking about the safety features of the ATM, he said that the ATM has a built-in camera and sound alarm system, which will be triggered if someone tries to tamper with it. We have already taken care of necessary security measures like other ATMs. We have 3 outdoor CCTV cameras and we are also tied up with local police stations.
Money back within 24 hours if the transaction does not happen
When asked if the gold does not come out once the amount is debited, he said – it happens with any kind of transaction. Normally the money will be refunded within 24 hours in case of transaction failure. We also have customer care service for any queries.
Pakistan Smuggling Uranium: Packet recovered at UK's Heathrow Airport; There has been an allegation of selling the technology of nuclear weapons
All the major intelligence agencies of the world including America, Britain, and Israel were troubled by a piece of news that came on Wednesday. A UK newspaper 'The Sun' report has revealed that a
There will be a meeting between US and Chinese leaders, consensus can be reached on many issues related to the economy
Amid strained relations between the US and China, the leaders of the two countries will meet on Wednesday. It is believed that this meeting will help in improving the deteriorating relations between
Ranbir-Alia: Ranbir Kapoor-Alia Bhatt gave a special gift to fans on Christmas, showed the face of daughter Raha for the first time.
Ranbir Kapoor and Alia Bhatt are two of the biggest stars of Bollywood. They are one of the most popular and loved couples in the industry. Ever since their daughter Raha was born, the couple has been
Persecution of Hindus in Bangladesh..., despite valid documents dozens of ISKCON members were prevented from going to India
Dozens of members of the International Society for Krishna Consciousness (ISKCON) were on Sunday turned back by Bangladesh immigration police at the Benapole border while trying to enter India with
After defeat in Delhi, Kejriwal in action regarding Punjab, asked MLAs to reach Delhi urgently.
After the Delhi election results, Aam Aadmi Party (AAP) supremo Arvind Kejriwal has focused on Punjab.
CBSE Board Result: CBSE Board 10th-12th results after May 20; Update on result portal
CBSE Board 10th, 12th Result 2024: CBSE Board class 10th and 12th results are going to be released very soon. According to an update on the official CBSE result portal, the Central
Ind vs Pak: Anushka Sharma was elated after Team India's victory, her photo with Dhanashree Verma caught her attention
India won the T20 World Cup match between India and Pakistan at Nassau County Stadium in New York on Sunday. Pakistan decided to bowl after winning the toss. This team started the match strongly, but
Weather Update: IMD's Orange Alert for Kashmir-Himachal and Uttarakhand, how will be the weather in Delhi-UP and Bihar
Due to snowfall in the mountains and rain in the plain states, the cold has increased once again. However, this drizzle has brought happiness to the faces of the farmers. Even on Monday mornings, it
NTA again denies NEET UG 2024 paper leak, explains why results were declared 10 days ago, FAQs released
After the announcement of the results of the medical entrance exam NEET UG 2024 on June 4, questions were constantly being raised on the functioning of the National Examination Agency (NTA) which
Ambedkar Jayanti: Mayawati congratulated Ambedkar Jayanti, and said- UP benefited by the establishment of BSP
BSP supremo Mayawati congratulated the people of the state on Ambedkar Jayanti. During this, he also accused the opposition parties of weakening the BSP.
