Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


10:27 AM
Connect Directly

State Bank of India to Deploy 300 Solar-Powered ATMs

Solar ATMs said to consume 100 watts of power and to require no air conditioning.

In India's first large-scale rollout of solar ATMs, State Bank of India plans to install 545 sun-powered ATMs across semi-urban and rural India. More than 300 will be solar-powered.

Vortex's solar-powered Gramateller Duo ATMs were developed in collaboration with IIT Madras to be low power consuming ATMs designed for semi-urban and rural areas.

A conventional ATM consumes about 1,000 watts of power and requires an air-conditioned environment — another 1,500 watts — for functioning. Thus, a conventional ATM consumes about 1,800 units of power every month.

Vortex says its solar-powered ATMs consume less than 100 watts of power and do not require air conditioning, thus consuming less than 72 units per month. This indicates a savings of 1, 728 units per month when compared to a conventional ATM installation, which translates to a reduction in CO2 emissions of 18,500 kg per year.

"With an ATM penetration of about 0.04 per 1000 people in India, there is a huge need for rural ATMs," noted V Vijay Babu, CEO of Vortex Engineering, in a statement.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.