Ministry of Commerce and Industry

01.10.2015

Commercial

Up to 100 per cent FDI in White Label ATM operations

MANU/INDP/0028/2015

Government of India has allowed Foreign Direct Investment up to 100 per cent in White Label ATM Operations, under the automatic route. Some other conditions are a minimum net worth of Rs. 100 crores for non-banking entities to partake in operations and, of course, compliance with existing white label ATM guidelines.

Relevant

White Label ATMs (WLAs) in India – Guidelines MANU/RMIC/0233/2012

Tags : Atm foreign investment hundred 100

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