BRAC Bank rolls out real-time cash deposit machine for 24/7 banking

BRAC Bank has introduced a real-time cash deposit machine (RCDM), which will allow the customers to deposit cash 24 hours a day, seven days a week and reflect it instantly in their accounts.

The intelligent machine allows the customers to instantly deposit cash to BRAC Bank accounts and pay credit card bills within minutes, allowing customers to enjoy a hassle-free cash deposit facility without standing in a queue in the branch, said a press release.

The deposited amount will be instantly reflected on the beneficiary account balance with transaction notification through SMS. It is a fully secured and reliable service of BRAC Bank, adding comfort and convenience to the customers.

In the first phase of the rollout, 39 RCDMs were deployed in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna districts. More machines will be deployed across the country in phases.

The customers can deposit the denominations of Tk 10, Tk 20, Tk 50, Tk 100, Tk 200, Tk 500 and Tk 1,000. The machine does not accept coins, soiled and torn notes, the press release added.

“RCDM will bring immense convenience to the customers as they can deposit anytime and any day without visiting a branch,” said Nazmur Rahim, head of Alternate Banking Channels of BRAC Bank, while commenting on the rollout.