Nautilus Hyosung

Axis Bank, an Indian private-sector FI, has marked the installation of 500 cash-deposit ATM at branches in more than 300 cities across India. For the first time ever, bank customers have the option to make cash deposits 24/7, with no more waiting for the branch to open, Axis said.

The bank's plan to roll out cash-in/cash-out ATMs was first announced in September 2011, with Hitachi-Omron Terminal Solutions Corp. named as the ATM provider and installer.

The cash-accepting machines transact deposits occur in real-time and allowing customers instant access to their deposited funds, said a report by Times of India. The machine sorts notes by denomination, then displays the deposit total, allowing the customer to confirm the transaction.

Axis banks expects that the machines will move the task of taking deposits from the teller line to the ATM, speed up transactions, and shorten customer wait times, the Times of India report said. Axis said the new machines shorten wait times for deposits from around 30 minutes to as little as one minute or less.

Read more about installation/deployment.

 

Related Content

User Comments – Give us your opinion!
  • Manohar Gandhi
    25865951
    Very useful
Products & Services

NCR Intelligent Deposit

http://global.networldalliance.com/new/images/products/822.png

822/NCR-Intelligent-Deposit

OptConnect at ATMIA 2012

http://global.networldalliance.com/new/images/products/4969.png

4969/OptConnect-at-ATMIA-2012

FINsim Configurator

http://global.networldalliance.com/new/images/products/6491.png

6491/FINsim-Configurator

Multichannel Banking Platform - WinWebServer ( WWS)

http://global.networldalliance.com/new/images/products/6211.png

6211/Multichannel-Banking-Platform-WinWebServer-WWS

OptConnect Patch Antenna with Double Sided Tape

http://global.networldalliance.com/new/images/products/4102.png

4102/OptConnect-Patch-Antenna-with-Double-Sided-Tape

Self Service Experts

http://global.networldalliance.com/new/images/products/Phoenix_SS.jpg

807/Self-Service-Experts

KTC – Kalignite Terminal Controller System

http://global.networldalliance.com/new/images/products/Kalignite_KTC_100.gif

3735/KTC-Kalignite-Terminal-Controller-System

Automated Teller Safes

http://global.networldalliance.com/new/images/products/5787.png

5787/Automated-Teller-Safes

Full-function island ATM

http://global.networldalliance.com/new/images/products/6919.png

6919/Full-function-island-ATM

KAL K3A – The Kalignite Advanced ATM Application

http://global.networldalliance.com/new/images/products/Kalignite_K3A_100.gif

3734/KAL-K3A-The-Kalignite-Advanced-ATM-Application

NCR
Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.