Hyderabad gets India’s first Gold ATM: Check details
By Gaurav Kumar08, Dec 2022 11:43 AMjagranjosh.com
Goldsikka Pvt Ltd launched its first Gold ATM with technology support from M/s OpenCube Technologies Pvt Ltd.
Unlike other ATMs that give money, the Goldsikka ATM dispenses Gold coins. People can insert their debit or credit cards into the Goldsikka and purchase gold coins.
The ATM can store 5kgs of gold and it provides 8 options for the quantity of gold starting from 0.5 grams to 100 grams.
A total of 8 options will be available including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50, and 100 grams.
People can get the coins directly from the machine instead of going to jewelry shops. The coins are 24-carat gold and 999 certified.
If the gold is not dispensed after debiting the amount, one will get back the money within 24 hrs after the transaction gets failed.