A wide variety of system needs reliable personal recognition system to either authorize or determine the identity of an individual demanding their services. The goal of such systems is to warrant that the rendered services are accessed only by a genuine user and no one else. In this paper, we proposed a multifactor (OTP and fingerprint) based authentication security arrangements and to enhance the security and safety of ATM and its users. Automated Teller Machine (ATM)’s nowadays are extensively used all over the world for the withdrawal of cash. But there is a number of disadvantages to these machines. Frauds attacking the automated teller machine has increased over the decade which has motivated us to use the biometrics for personal identification to procure high level of security and accuracy. This project describes a system that replaces the ATM cards and PINs by the physiological biometric fingerprint scanner. Moreover, the feature of One Time Password (OTP) imparts privacy to the users and emancipates him/her from recalling PINs.