Axis Bank, India's third largest private Bank, has deployed 200 cash deposit machine Machines in various branches in 90 cities across the country. The Bank has installed these machines to provide its customers a 24x7 convenience of cash deposit with instant credit, a first in this category.
The cash deposit machines enable customers to deposit cash in real-time, with funds credited instantly to their accounts for all successful transactions. The machine segregates the notes denomination wise, counts and displays it for the customer's confirmation before crediting the account. A unique receipt slip is issued after each deposit made confirming the transaction. The Bank plans to deploy 350 more such machines in the next 6 months.
Speaking on the occasion R K Bammi, ED - retail banking at Axis Bank said, "This facility underpins Axis Bank's sharp consumer banking focus and reinforces our commitment to bring superior banking services, marked by convenience to our customers."
With the deployment of cash deposit machines, manual cash deposit transactions at the branch will be diverted to the automated environment. Thereby offering the customers benefits of ease of operations, time saving and error free transactions, without human interface.
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