SBT launches ‘Green Channel'

The State Bank of Travancore (SBT) has introduced the Green Channel Counter (GCC), an innovative step towards paperless banking.

The Managing Director, Mr P. Nanda Kumaran, launched the facility at the Kowdiar branch here in the presence of Mr S. Balachandran, Chief General Manager. GCC aims at reducing transaction time and does away with pay-in-slips, cheques and challans. Cash deposit, withdrawal and funds transfer are made now available a transaction limit of Rs 40,000. The customer need not fill up forms nor get tokens or stand in queue. A printed receipt will be given to validate the transaction.

The GCC facility can be accessed through a specially designed transaction processing device by swiping the ATM debit card and entering the PIN. SBT intends to extend GCC to other branches in a phased manner.