On 1 October 2015, the Indian Department for Industrial Policy and Promotion issued Press Note No. 11 (2015 series) thereby allowing FDI in White Label ATM Operations up to 100% under the automatic route. Earlier such investments were allowed up to 100% but prior authorization was required from the Reserve Bank of India, and will no longer be required in the future.
 
White Label ATMs are defined as ATMs operated by non-bank entities.