Q. Which of the following statements correctly define various types of Automated Teller Machines (ATMs)?

1. White label ATM are owned and operated by sponsored nationalized banks
2. Yellow label ATM is installed for e-commerce purpose
3. Green label ATM is used for agricultural transactions
4. Brown label ATM is owned by a service provider but the network connectivity and cash management is done by a sponsor bank

Select the correct answer using the codes given below:
Answer: Only 2, 3 & 4
Notes: White label ATMs are owned and operated by Non-Banking Financial Companies, authorized by the RBI under the Payment and Settlement Systems Act, 2007. Yellow label ATMs serve e-commerce purposes, while green label ATMs facilitate agricultural transactions. Brown label ATMs have hardware owned by a service provider, with network connectivity and cash management handled by a sponsor bank.