A Micro ATM (Automated Teller Machine) is a compact electronic device that enables basic banking and financial services to be performed in areas with limited access to traditional banking infrastructure. These machines are particularly useful in rural and remote areas, where people may not have easy access to brick-and-mortar banks or standard ATMs. Micro ATMs serve as a point-of-service terminal for various banking transactions and are often deployed by banks, financial institutions, and government agencies as part of financial inclusion initiatives.

Here are some key features and functions of a Micro ATM:

1. Card-based Transactions: Micro ATMs typically support debit and credit card transactions. Customers can use their ATM or debit cards to access their bank accounts.
2. Biometric Authentication: Many Micro ATMs are equipped with biometric authentication features such as fingerprint and iris scanning, enabling customers who may not have a traditional bank card to access their accounts securely.
3. Cash Withdrawal: Users can withdraw cash from their bank accounts by swiping their card or authenticating using biometrics.
4. Cash Deposit: Some Micro ATMs allow customers to deposit cash into their bank accounts, making it convenient for them to save money.
5. Balance Inquiry: Users can check their account balance to keep track of their finances.
6. Fund Transfer: Micro ATMs often support fund transfer services, allowing customers to send money to other bank accounts or beneficiaries.
7. Bill Payments: In some cases, Micro ATMs can be used for utility bill payments, mobile recharges, and other financial transactions.
8. Printed Receipts: Users receive printed receipts as a record of their transactions.
9. GPRS/Internet Connectivity: Micro ATMs are usually equipped with GPRS or internet connectivity to communicate with the banking network, ensuring real-time transaction processing.
10. Portable and Battery-Powered: Micro ATMs are designed to be compact and portable, and they often come with rechargeable batteries, making them suitable for use in remote areas with inconsistent power supply.

Micro ATMs play a significant role in promoting financial inclusion by bringing banking services to underserved and unbanked populations. They help individuals in rural and remote areas access basic financial services without the need to travel long distances to a physical bank branch. This can improve financial literacy, promote savings, and enable better access to credit and government welfare programs.