International Desk: Automated cash withdrawals and various types of transactions are usually done using ATMs. It has made the banking process much easier and faster. By using ATM, customers can deposit or withdraw money in their account, check balance, transfer money and other banking services.

Now not only cash, you can use ATM to withdraw gold coins . India's Karnataka state has inaugurated the country's first 'Gold ATM', where customers can buy gold coins directly from an ATM machine.

The inauguration of this innovative ATM was attended by Karnataka Home Minister G Parameshwar, Chairman Jayakumar and others. Not only jewellery, but also 24 carat gold is easily delivered to people's homes, this initiative has been informed by the organization. This project has been implemented in joint venture with Gold Coin ATM Limited.

According to the company, anyone can buy gold very easily through this ATM. There will be no extra cost for this. Payment can be made through debit card, credit card, QR code at ATM. Besides, similar ATMs for silver will be installed soon.

This 'Gold ATM' machine is manufactured by OperCube Technologists in Hyderabad. The ATM machine offers different sizes of gold coins, starting from 0.5 grams to 10 grams.

The specialty of this machine is that it works like a normal ATM machine, but instead of money or any other currency, customers will get gold. Gold can be purchased directly using a debit or credit card. This has made the process of buying gold easier and faster, and also improved in terms of security.