Now Cash Deposit ATM’s By SBI & Axis Bank

It’s time for big relief to millions of customers and bank as well from the long queue at the bank branches for Cash Deposit. Now customers can deposit their Cash to their Account through ATM’s itself. No Need to visit branches.

This will save much of workforce and time of Bank’s branches.

This first Cash Deposit ATM machines are launched in India by Japanese firm Hitachi-Omron Terminal Solutions Corp (HOTS) , who has made a tie up with India’s largest lender and Bank State Bank of India (SBI) and Another largest private lender Axis Bank. Both the bank has agreed to install cash deposit ATMs across the country.

If  Hitachi gets the success through these ATM’s, they have planned to tie up with eight more banks by the next fiscal-end. it is expected that the total revenues of 1 billion yen will be generated by company from this new Cash Deposit ATM’s.

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