India’s largest lender State Bank of India’s (SBI) allows its customers to avail key banking facilities through its’ ADWM.
The Cash Deposit Machine, better known as Automated Deposit cum Withdrawal Machine (ADWM) is an ATM-like machine. It enables customers to deposit cash directly into customers’ accounts using the ATM cum debit card. Without visiting the branch, the customer can use this machine to instantly credit his account. The transaction receipt also gives customers an updated account balance.
SBI from its official Twitter handle tweeted “Why to stand in a queue when you can avail key banking facilities on an ADWM near you?”
Some of the services provided are- Instant credit into self or third party SBI accounts, can withdraw cardless cash withdrawal up to Rs 20,000 using YONO Cash and create a green pin.
