State Bank of India launches this new, helpful facility: The country’s largest bank has launched Automated Deposit and Withdrawal Machine for safe and convenient banking service to customers.
New Delhi. State Bank of India (SBI) is good news for customers. The country’s largest bank has launched Automated Deposit and Withdrawal Machine: ADWM for safe and convenient banking service to customers. This machine provides cash deposit and withdrawal facility to SBI customers as well as other major banking services.
SBI has tweeted from its official Twitter handler that why stand in line when you can get all major banking services on the adwm near you? Watch this video to know all the services available on this machine.
Why stand in a queue when you can avail key banking facilities on an ADWM near you? Watch the video to know more about the facilities available on it.#ADWM #YONOSBI #YONO #Banking #BankingSerivices #ATM pic.twitter.com/1aqPVFYRjU
— State Bank of India (@TheOfficialSBI) February 4, 2021
Instant cash deposits and withdrawals can be made at ADWM. This is a completely paperless transaction. Both cash deposit and withdrawal services are available on it. The facility of depositing funds in loan, PPF and RD account is also available here. On depositing cash, the amount is immediately credited to you and the third party SBI account.
In this machine you can deposit Rs 49,900 per card lace transaction. For PAN linked account, you can deposit Rs 2 lakh with the help of SBI Debit Card. Notes of 100 rupees and above are accepted for deposit. You can deposit 200 banknotes at one time. There will be no fee for depositing funds in your own account using SBI Debit Card.
With this machine, cash withdrawal can also be done from other bank cards. Here you can easily do things like account balance, mini statement and generate PIN.
Aim to increase home loan portfolio to 10 lakh crore in next five years
State Bank of India said on Wednesday that its home loan business has crossed the Rs 5 lakh crore mark and now the bank has set a target of doubling its home loan business to Rs 10 lakh crore in the next five years. . SBI’s share in the home loan segment is around 34 percent among all commercial banks. SBI is offering a home loan with an initial interest rate of 6.80 percent.
Home loan is available in 5 days
SBI Chairman Dinesh Khara said that the NPA in the home loan segment is 0.67–0.68 percent. He said that about 72 percent of home loan customers are salaried and all of them are in a better position to pay their EMIs. Khara stated that for all builder tie-ups, the time taken for home loan sanction is around 5 days, while in other cases the time period is up to 12 days. He said that we are strengthening our system. A new retail loan management system is being implemented, which will reduce the time taken for approval.
