State Bank of India uses mobile ATMs to counter cash shortage
The State Bank of India has mobilised a fleet of vehicles carrying ATMs to help people affected by cash shortages. The vehicles were stationed at four locations in the city of Belagavi, where bank staff served nearly 1,000 people. A further two vehicles were sent to Khanapur and Gokak. Withdrawals were made in the same way as using ATMs inside bank branches, with a maximum withdrawal limit of INR 2,000 ($29) made in INR 100 notes.

November 19, 2016 12:00 am | Updated December 02, 2016 04:26 pm IST - BELAGAVI:

With a view to providing some relief to the public struggling hard to withdraw money from their bank accounts, State Bank of India on Friday operationalised a fleet of vehicles with POS@CASH machines (ATMs on Wheels) in Belagavi.

The vehicles were flagged off from its main branch and the facility was handled by senior officials of the bank. The vehicles carried a small POS@CASH machine with an official/staff carrying cash especially of Rs. 100 denomination notes for payment to the public having debit cards.

SBI Regional Manager V.V. Dattawadkar said that the process of using the system was very simple. The customers with debit cards had to just swipe them in POS@CASH machines; once the transaction was successful, the amount was paid to the customer in the same way, as was being done at the cash counters at the branch. Today, the vehicles were stationed at four crowded places — Deputy Commissioner’s Office Compound, KLE Hospital, Industrial Estate and RPD Cross in the city. The bank staff served nearly 1,000 customers at all these places. The maximum limit for withdrawals was Rs. 2,000 and payment was made in Rs.100 denomination notes, bring relief to the customers.

Two such vehicles have been deployed at Khanapur and Gokak for serving the customers, Mr. Dattawadkar said.