Axis Bank has announced the deployment of 200 cash
deposit machines in various branches in 90 cities across India.
India’s third largest private sector bank has
installed the deposit machines with the aim to provide its
customers with a 24×7 convenience of cash deposit with instant
credit.
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Axis Bank plans to deploy 350 more such cash
deposit machines over the next six months.
The machine segregates the notes denomination-wise,
counts and displays it for the customer’s confirmation before
crediting the account.
A receipt slip is issued after each deposit made
confirming the transaction, Axis Bank has said in a
statement.
According to the executive director of Axis Bank,
RK Bammi, the deployment of the cash deposit machines will divert
manual cash deposit transactions at the branch to the automated
environment, and offer customers “ease of operations, time saving
and error free transactions”.
