For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ATMs to be installed in all SBI Branches by March 2014

|

ATMs to be installed in all SBI Branches by March 2014
The country's largest public-run banking entity, State Bank of India, as per The Economic Times report will deploy ATMs in even the remotest branch by the financial year end. Already revamping its system to transform Automated Teller Machines into Self-service Centres to provide services including passbook printers and cash deposit platform.
 

Confirming the overhaul, Krishna Kumar, MD of SBI said that the bank targets a thousand ATMs where the self-service kiosks would now replicate some of the bank functions. The MD also commented on the difference in cost at the bank branch and ATM. " The cost of doing a transaction in a bank branch is around Rs. 40 while in an ATM the cost drops down to less than Rs. 20."

GoodReturns.in

Read more about: sbi atm deposit
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more