Tumkur Merchants Credit Cooperative Society (TMCC) Installs India's First Gold Coin ATM

In a landmark initiative, Tumkur Merchants Credit Cooperative Society (TMCC) has become the first cooperative in India to install a Gold Coin ATM.

Tumkur Merchants Credit Cooperative Society (TMCC) has become the first cooperative society in India to install a Gold Coin ATM, offering customers the ability to purchase gold coins in denominations of 0.5, 1, 2, 5, and 10 grams (24-carat) at real-time online rates.

The innovative ATM, branded as “TMCC Goldsikka”, was inaugurated by Karnataka Home Affairs Minister G. Parameshwara at the society’s M.G. Road branch in Tumkur last week. The initiative was launched in partnership with Goldsikka ATM Ltd.

The groundbreaking initiative aims to provide customers with a convenient and accessible way to invest in gold, a precious metal that has traditionally been a preferred form of saving and investment in India.

The TMCC Goldsikka ATM is equipped to accept multiple payment options, including debit cards, credit cards, and QR codes, catering to a wide range of customers and payment preferences.

This innovative move sets a new precedent for cooperative societies and transforms the way people access gold investments in India.

By introducing this first-of-its-kind ATM, Tumkur Merchants Credit Cooperative Society reinforces its commitment to innovation and customer-centric services, heralding a new era for financial cooperatives in the country.

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