Warangal: The Central Bank of India has launched the country’s first-ever AI-powered Gold Loan ATM in Warangal, Telangana. This groundbreaking initiative brings a new era of banking convenience by enabling customers to avail instant gold loans without any human intervention.
How the AI Gold Loan ATM Works
Deposit Gold Jewelry – Customers place their gold ornaments into the ATM.
Thank you for reading this post, don't forget to subscribe!AI Evaluation – The machine automatically checks the purity and weight of the gold.
Loan Approval – Based on the evaluation, the system calculates the eligible loan amount.
Instant Disbursement – Customers receive 10% of the loan amount in cash immediately, while the remaining 90% is credited to their bank account within 12 minutes.
Key Benefits of AI-Powered Gold Loan ATM
24/7 Availability – Round-the-clock access for customers.
Quick & Hassle-Free – No paperwork or manual verification required.
Accurate Valuation – AI ensures precise purity and weight checks.
Safe & Secure – Fully automated system reduces fraud risks and saves valuable time.
Why It Matters
With this innovation, the Central Bank of India is redefining the gold loan process in the country. By integrating artificial intelligence and automation, customers can now enjoy faster, transparent, and secure loan services—making financial access simpler for households and businesses.
