Banks are permitted to open off-site Cash Deposit Machines (CDMs)/Bunch Note Acceptor Machine (BNAMs) without prior permission of RBI
There were days where bank customers used to wait for a long spell at the banking hall, for their turn to deposit their money at cash counters. Now technology has changed. If plans of commercial banks of installing large number of off-site CDMs/BNAMs at various places, the customers don’t need to walk to reach their…