Hitachi ties up with SBI, Axis Bank for cash deposit ATMs

NEW DELHI: Hitachi-Omron Terminal Solutions Corp (HOTS) of Japan on Thursday said it has tied up with two leading banks, State Bank of India ( SBI) and Axis Bank, to install cash deposit ATMs across the country.

The two-in-one ATM's are revolutionary in nature as it eliminates the need to visit bank branches for simple tasks like making cash deposits which get directly credited to your account, printing your passbook and numerous other banking services without compromising on time, HOTS said in a statement.

These simple self-service functions will help increase branch efficiency tremendously as it frees the branch officials to attend to other works while at the same time it eliminates the need for customers to wait in long queues at their bank branches, it said.

Hitachi plans to tie up with eight more banks by the next fiscal-end, with total revenues of 1 billion yen from the new HOTS ATM's.

Source: Economic Times