ATMs are necessarily cash dispensing machines in addition to providing other service, which are primarily just information availability.
Automated teller machine (ATM) is a computerized telecommunication device. It provides customers of a financial institution easy access to financial transactions. Like withdrawing cash, depositing cash and cheques , printing statements and various other facilities. For a layman, ATMs are cash dispensing machines which dispenses cash as per the request of the customer. Hence ATM need to be replenished on a regular basis.
CSL helps bank by taking care of the entire replenishment process that includes:
- Cash replenishment pattern study and assessment of loadings
- Withdrawal of cash from branch or CSL vault
- Transportation of cash up to the ATM site
- Reporting and reconciliation