J&K Bank commissions 11 CDMs

Excelsior Correspondent
SRINAGAR, May 4: Increasing its digital footprint to further public convenience, J&K Bank has commissioned a network of 11 Cash Deposit Machines (CDMs) across the State.
These CDMs have been installed at Jehangir Chowk (Nabira Complex), Residency Road (Srinagar), Residency Road (Jammu), New Colony Sopore, T P Baramulla, Pulwama Main Court, University Campus Hazratbal, Jawahar Nagar Main, SMC Shop-Partap Parak, Gole Market Udhampur and Buss Adda, Anantnag.
The Debit Card at CDM enables depositing of cash in the cardholders accounts only and not in accounts of any other person. However, accessing the CDM through an account number will enable deposit of cash in the account number entered, which can be of the depositor or of any other person. Like ATM transactions, the money deposited in CDM gets reflected in the account balance in real time.
The cash to be deposited must be straightened before deposit and must not be stapled, threaded or banded and sorting of notes is not required as the same shall be done by the machine. A maximum of 200 notes can be deposited at a single time. The machine accepts notes of denominations of 50, 100, 500 or 1000 only.


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