First Gold ATM In India At Hyderabad Know How It Works

First Gold ATM In India At Hyderabad Know How It Works


First Gold ATM: Normally ATM is used to withdraw cash. People insert the card through the slot, follow the instructions and enter the PIN, and the cash comes out. Now if we tell you that gold can be withdrawn from ATM. You might have been surprised to read this, but this is true. In fact, the country’s first gold ATM is open in Hyderabad, from which gold can be withdrawn. Let us know about this ATM in detail.

Gold coins will come out instead of money

Goldsikka Pvt Ltd has partnered with Hyderabad based startup technology company OpenCube Technologies Pvt Ltd. After the partnership, both have launched the country’s first gold ATM. Up to five kg of gold can be stored in this ATM. Customers can withdraw gold coins from this ATM. The company’s CEO C Taruj said that gold coins ranging from 0.5 grams to 100 grams have been stored in the Gold ATM. Through this ATM, customers can easily withdraw gold coins using debit and credit cards. Taruj further said that the gold coins stored in the machine are of 24-karat and they are 100 percent real.

Full attention was paid to security

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According to the company, complete arrangements have been made for safety in Gold ATM. It has a built-in camera with sound alarm system. Apart from this, three CCTV cameras have also been installed around the ATM. At the same time, the help of local police is also being taken to further strengthen the security. The company was asked what would happen if the gold did not come out when the amount was debited? On this the company said that this will not happen at all. Even if this happens, the money will be returned to the account within 24 hours.

Gold ATM will be installed at these places

According to media reports, Goldcoin company is currently planning to install three gold ATMs at Hyderabad airport. There is news that in the next two years, more than 2000 gold withdrawing ATMs will be installed all over India. Also make it clear that no information related to the installation of gold ATMs in other cities of the country has been revealed by the company.

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