NEWS & ADVICE : FIXED DEPOSITS
'Green channel counters' & 'no queue banking' by SBI
By Neelima Shankar
Jul 6, 2011
Print    Email    RSS   

The concept of 'green channel counters' as well as 'no queue banking' by State Bank of India has come as a boon to customers, relieving them from long hours of standing in the queue to fill forms or count money etc.

The SBI debit card would now be sufficient to carry out all routine financial requirements of the customer using the green channel counters opened in over 5000 branches of the bank all over India.

And all this is made simple by a transaction processing device (TPD) which is similar to a point of sale (POS) terminal.

"The machines are being kept in exclusive green channel counters within the branch. A customer has to swipe his ATM/debit card and chose his transaction such as cash deposit, withdrawal and funds transfer from the menu,'' Ms Hannah Rachael Mani, a senior SBI official said.

"The single most important benefit to customers is time as there will be no queue and an opportunity to undertake paperless banking,'' the SBI official said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
Investment options to Save Tax under...
Carnival of Indian Personal Finance Blogs...
Recurring deposits: to the benefit of the...
Carnival of Indian Personal Finance Blogs #3


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive