Indian Bank gets its 500th ATM

Indian Bank gets its 500th ATM

Mumbai: Indian Bank, one of the premium banks owned by the Government of India, has partnered with NCR Corporation, world leader in self-service technology, to launch its first e-ticket kiosk and portable ATM Centre at the Egmore Railway Station in Chennai.

This new installation comes as the 500th automated teller machine (ATM) of Indian Bank in the country. To tap the unbanked rural sector and millions of individuals who commute by trains, NCR will install and deploy NCR’s ATMs at 156 locations identified by Indian bank on a turnkey basis, of which 51 units will be deployed at railway stations.

The portable ATM Centre has been identified as a preferred option by banks in India as it ensures faster roll-outs and can be deployed at any unconventional location to support the objective of ‘Inclusion Banking’, thereby expanding reach and tapping new customers.

“We have been the pioneers in bringing the best banking technology in India and this unique deployment of e-ticketing kiosk and portable ATM Centre at a railway station is yet another step in this direction. Indian Bank is one of the most trusted service brands in India and we continue to provide our customers with the best banking experience," said M S Sundara Rajan, chairman and managing director, Indian Bank.

These ATMs are highly scaleable to support all marketing initiatives of the bank in future. NCR has been leading the design and deployment of Portable ATM Centres for many leading banks in India, including State Bank of India and Canara Bank.