03 October 2016

What is BNA ?

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BNAs are new generation, secure ATMs that have the multi functional  ability to offer deposits or dispense transactions of bundles notes up  to 200 mixed notes after having counted and authenticated them in 8-10  seconds.The customer is first asked  to verify the amount of deposit to ensure that it tallies and then it is  credited into his/her account immediately. It completely takes away  human intervention required until now  and enables users to manage and  control the same.

BNA are nothing but Cash deposit machines

The initial attempt at  automating Deposits included certain types ATMs which allowed users to  deposit cash via envelopes. The money would then be counted, verified  and credited later. This never really gave customers a sense of security  regarding their deposit. The potential impact of BNAs on currency  circulation and customer service was seen as significant for the RBI to  subsidize the cost of BNAs up to 50 per cent for urban areas (and even  75 per cent in semi urban areas).

BNA / Cash deposit machine locators for Indian banks:

Axis Bank deposit machine locator

Bank of Baroda deposit machine locator

Dena Bank deposit machine locator

Federal Bank deposit machine locator

ICICI Bank deposit machine locator

IDBI Cash deposit machine locator

Indian Bank deposit machine locator

IndusInd Bank deposit machine locator

Kotak Mahindra Bank deposit machine locator

Punjab National Bank deposit machine locator

State Bank of India deposit machine locator

Yes Bank deposit machine locator

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