Gold coins will come out from ATM as soon as you press the button, but PIN will have to be kept safe, know how

Gold Coins: India’s first ‘Gold ATM’ has opened in Hyderabad. In ATM, you can withdraw gold coins by following only a few steps. This cash is just like ATM and the process of withdrawing gold from it is almost the same. The weight of the gold coin coming out of the ATM will be between 0.5 to 100 grams. The cost of a 100 gram gold coin is around $7,000.

Many cases of fraud (ATM Fraud Case) have come to the fore while withdrawing money from cash ATM. In such a situation, people are advised to keep their PIN number hidden. Similarly, if you are going to withdraw gold coins from ATM, then you have to keep your PIN number safe. Let us know how you can keep your PIN hidden from everyone.

Keep ATM PIN safe like this

• If you are going to withdraw gold from ATM, then you should be alert all the time, because there may be spies behind you. Also, do not let anyone come inside while going to the ATM.
• Enter your ATM PIN in such a hidden way that no one except you can see it.
• If theft or suspicious activity is suspected, cancel your transaction immediately and seek the assistance of an ATM guard.
• Do not take the help of any stranger in case of any problem in the transaction, because he can fraud you.
• If you face any problem while withdrawing gold, you can contact the branch or take help on the helpline number.
• Do not share your PIN number with any unknown person through phone, SMS or any other means.

What will be the benefit of withdrawing gold from ATM

Vice President of Goldcoin said that “Instead of going to the jewelery showroom, customers can directly come to the ATM and they can get the coins here.” Up to 5 kg of gold can be stored in the Gold ATM which started from Saturday. On a recent evening, several customers lined up to buy gold coins, inserting their credit cards into the machine and then selecting the coin’s weight. One customer reported that the entire transaction took less than a minute. Let us tell you that India is the second largest consumer of gold in the world. Two-thirds of India’s gold demand usually comes from rural areas, where jewelery is a traditional store of wealth.

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