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Axis Bank on Monday announced the deployment of 200 cash deposit machines in various branches in 90 cities across the country.
India's third largest private sector bank has installed these machines to provide its customers a 24x7 convenience of cash deposit with instant credit.
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, said the bank in a statement.
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, said Mr R.K. Bammi, Executive Director, Axis Bank.
The bank plans to deploy 350 more such machines in the next 6 months.
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