Bank of Ceylon (BOC), leader in the Lankan banking industry has set a benchmark, dispensing a record-breaking Rs.30.72 billion from its ATMs during this Avurudu season.
BOC has installed over 50 cash deposit machines (CDMs) covering the entire country enabling its customers to deposit money into their accounts on real-time 24 hours a day and accepted highest ever Rs.4.8 billion worth of cash during the same period through CDMs.
The BOC ATMs dispensed Rs.4.48 billion on April 8th 2016, which was also the highest ever amount dispensed by a bank through any ATM network on this day in the country. From 7th to 12th April, BOC ATMs have dispensed over Rs.2 billion each day.
“BOC ensures that it leads in all directions in the Sri Lankan banking sector. In the previous year too we have dispensed the highest amount of cash through our ATM Network. Our account base alone runs over 11 million and we have touched the lives of much more Sri Lankans in many different ways,” said Deputy General Manager-Product and Development Banking, Senarath Bandara.
The Bank has enabled all users to withdraw up to Rs. 100,000 per day 24 X 7 through an ATM without any prior arrangement.
Customers could however set higher withdrawal limits above that with the prior arrangement with the bank.
The 54 Cash Deposit Machines (CDMs) that are located islandwide where customers could obtain real-time credit to their accounts. Customers can also deposit money to their accounts without filling any deposit slip.
A maximum of 200 notes per transaction could be placed on the machine without having to feed cash notes to the machine one-by-one. The machine will issue a brief-receipt with the recipient’s account number, name and amount deposited to the depositor as a proof of deposit. BOC hopes to extend this facility further within the country encouraging customers to use digital channels at their convenience for cash withdrawals as well as for cash deposits into their accounts.