Dhanlaxmi Bank, the Kerala-based lender, formally launched Cash Deposit Machine (CDM) services on Monday on the auspicious day of Chingam 1.
P.Manikandan, Chief General Manager, launched the services at the Corporate Office in Thrissur.
CDM machines will enable customers to deposit cash in their Dhanlaxmi Bank accounts on a 24 x7 basis. CDM will also facilitate withdrawals from Dhanlaxmi Bank and other bank accounts, besides other value-added services including balance enquiry, mini statement and cheque book requests.
In the wake of the Covid pandemic, the service will help customers avoid branch visits. Initially, 16 CDMs will be deployed across the state, a press release said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.