If China thought it could steal India’s thunder by unveiling Gold vending machines before India could then they were mistaken. India seems to have stolen the Chinese thunder from under their nose by coming up with an ATM that disburses not just gold but also diamonds.
The machines which are the first in the world to disburse diamonds shall be located in Mumbai (India’s economic capital). The machine shall dispense gold and silver bars coins, pendants with religious motifs; as well as a range of diamond studded jewellery making it the first of its kind in the world.
Payments shall be accepted using credit and debit cards as well as cash. The Gitanjali group which unveiled the machine has plans to expand the network of these ATMs in places with high consumer footfalls such as premium malls, airports, temples etc.
“A bank is a place that will lend you money if you can prove that you don’t need it.” —