PNB installs Cash Deposit Machine in Ernakulam

To help customers speed up their transactions without waiting in the queue, Punjab National Bank has installed the first Cash Deposit Machine in Kerala at its Market Road Branch in Ernakulam district. Mr K.V. Rajesh, the Bank Circle Head, said the machine would accept currency notes in three denominations — Rs 100, Rs 500 and Rs 1,000, and customers can make up to two deposits through the machine in a day. The customer's account will be credited instantly and a receipt will be issued.

This is a customer-friendly machine and can be handled easily by the customers, he said. The Cash Deposit Machine would check the authenticity of the currency notes deposited before accepting the machine. The bank also launched a gift scheme for its ATM/Debit card holders. There are two types of gift schemes — one through manual response of the card users and automatic rewards for those who use the cards for shopping, utility bill payments and booking of various types of tickets.