COLOMBO: The Commercial Bank of Ceylon has commissioned the first of a new generation of automated cash deposit terminals that completely eliminate the use of paper, in another example of the Bank’s continuing investment in Green technology and sustainable development.
Dispensing with deposit slips and envelopes, the new machine installed at the Bank’s Rajagiriya branch has a stacker that can accept and count up to 200 notes at a go, enabling customers to make deposits of up to Rs 200,000at a time into savings or current accounts, 24 hours of the day.
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The same machine may also be used to pay dues on Commercial Bank credit cards, the Bank said.
The new Green Banking Channel was formally commissioned by Commercial Bank Managing Director/CEO Mr Jegan Durairatnam on 30th June 2015. The Bank said it plans to commission more such machines across its branch network, to significantly reduce the use of paper in deposit transactions.
