{"id":2831,"date":"2023-02-07T02:22:59","date_gmt":"2023-02-06T20:52:59","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=2831"},"modified":"2025-03-26T08:36:19","modified_gmt":"2025-03-26T03:06:19","slug":"what-is-white-label-atm","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-white-label-atm\/","title":{"rendered":"What is White Label ATM?"},"content":{"rendered":"<h2>About White Label ATM:<\/h2>\n<ul>\n<li>Automated Teller Machines (ATMs) <strong>set up,<\/strong> <strong>owned and operated<\/strong> by non-banks are called White Label ATMs.<\/li>\n<li>Non-bank ATM operators are authorised under <strong>the Payment &amp; Settlement Systems Act, 2007<\/strong> by the Reserve Bank of India (RBI).\u00a0<\/li>\n<li>Such non-bank entities should have a minimum net worth of <strong>Rs 100 crore<\/strong> as per the latest financial year\u2019s audited balance sheet, which is to be maintained at all times.<\/li>\n<li>Foreign Direct Investment (FDI), <strong>up to 100 per cent,<\/strong> is allowed under the automatic route in the activity of White Label ATM (WLA) Operations.\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is a Foreign direct investment?<\/h3>\n<p>Foreign direct investments (FDIs) are substantial, lasting investments made by a company or government into a foreign concern.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.livemint.com\/news\/india\/rbi-renews-authorization-for-white-label-atms-to-vakrangee-11675693229054.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>RBI renews authorization for white-label ATMs to Vakrangee<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Automated Teller Machines (ATMs) set up, owned and operated by non-banks are called White Label ATMs.<\/p>\n","protected":false},"author":5,"featured_media":2832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/2831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=2831"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/2831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/2832"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=2831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=2831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=2831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}