look news india
Bank New Service: Till now you must have used ATM to withdraw money or Cash Deposit Machine (CDM) to deposit money. Now a unique machine like ATM has come, through which many bank related works can be done. Actually, Hitachi Payment Services has created a unique ATM in collaboration with National Payments Corporation of India (NPCI). In this Android based cash recycling machine (Android Based CRM), many facilities will be available including applying for loan or credit card, investing in FD.
The Android-based CRM was launched during the Global Fintech Festival 2024. It is not a normal ATM but is capable of functioning as a full-fledged bank branch.
The Android-based CRM will serve as a digital banking unit
According to RBI, the Android-based CRM will be able to function as a digital banking unit. The digital banking unit is a 'specialised fixed point business unit/hub' that will deliver digital banking products and services as well as offer existing financial products and services in a self-service mode.
These features will be available in Android based CRM
Banking customers can avail a wide range of banking and non-banking services through this ATM. Apart from QR based UPI cash withdrawal and deposit, you can open a new bank account, apply for credit card, personal loan, recharge, insurance and Fastag.
How will people benefit from Android-based CRM?
Banking services will be easily available in remote areas.
A variety of banking facilities will be available through a single touchpoint.
No need for physical cards will increase customer security.
24×7 service will be available through this.
