CASH DEPOSIT MACHINES (CDM) / BULK NOTE ACCEPTORS (BNA)
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The machine has inbuilt intelligence to identify fake notes and to sort cash deposited by customers into different denominations. It also provides other facilities like balance enquiry and mini statement. This machine will work around the clock and accept bulk amounts of deposits, sort the cash, count it and instantly credit it to the account of the depositor.
It allows the customer to make an envelope –free cash deposit in bundles of Rs.100, Rs.500 and Rs.1000 notes. It increases customer acceptance by validating, denominating and counting deposited currency emulating a teller transaction. Deposit details are printed on the customer's receipt.
As this machine does not demand any vouchers or other formalities usually needed for a banking transaction, it makes things easier for customers.