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To provide more operational freedom for banks, the Reserve Bank of India (RBI) has said that banks can now offer all their products and services through their off-site ATMs. Off-site ATMs are machines that are set up on a standalone basis and not inside a branch. This is done to ensure that the bank reaches out to more geographical areas and that people are able to use its services even when there is no bank branch in the area.
Currently, the facilities that could be provided at off-site ATMs include deposits/withdrawals, PIN change, request for cheque books, statement of accounts and balance enquiry, among others.