The decision was taken at a meeting of the Standing Committee of the EDMC.
In a resolution passed at the meeting, the Corporation said it needs to augment its resources substantially for its smooth functioning and for undertaking development works.
"For this, new and innovative sources of revenue must be explored. The EDMC has a number of buildings and premises which are strategically in residential or institutional or commercial areas.
"Many of these premises are suitable for installation of ATM machines by various recognised banks and other agencies recognised by RBI on payment of monthly rent," the resolution said.
Officials said the banks which plan to install ATMs will be selected through an open and transparent bidding process.