RBI has suggested a innovative idea for  individuals without a bank account will soon be able to receive money from those with bank accounts, using automated teller machines (ATM).
This will help of having a formal bank account by millions of people living in small village town.
The sender can have money withdrawn from his/her account through ATM machines, he said.
Under this process if a person with bank account wants to send money to a person who doesn't have bank account then He need to send a secure code to mobile number of the person to whom he wants to send money.
When receiver gets the secure code on their mobile then he need visit nearest ATM and use that secure code on ATM machine to get cash instantly.

When it come to have Technology and Banking together then Private bank comes first .Axis Bank has innovative feature  of Instant Money Transfer (IMT) service for the Bank's customer.
IMT is an innovative domestic money remittance service that allows you to send money to a receiver only by using the receiver's mobile number. The receiver can withdraw money from an Axis Bank ATM with or without using a card. The receiver receives all the details required for withdrawal of the cash on his or her mobile phone You can use the service for any of these cases:-

• The receiver prefers cash
• The receiver needs money instantly / needs emergency cash

• The receiver doesn't have a bank account
• When you don't know the receiver's bank account details
• The receiver is not within easy distance (to deliver cash or send a cheque by hand)

Have you forgot your ATM at HOME. No need to panic Japanese bank has started a machine that will require just your Palm impression to withdraw money .
A regional bank in Japan  started operating ATMs for cash withdrawals , deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
 Account holder need to input their birthday, place their palm on the sensor and input a PIN at an automated teller machine. Once this process is completed the desired amount entered is provided by ATM machine.
Registration is required at a teller counter beforehand. and the bank said customers may access their accounts even if they lose cards or passbooks after a major disaster, for instance.