The bank that I’m putting my money on always innovates. It was the first bank in our country to introduce the ATM machine. As far as I know, they are the only back that also uses direct deposits to machines and credit it in real time. I went to the bank earlier for my usual routine. It was a different branch and I was surprised that they have a new way for processing deposits. Instead of filling up the deposit slip and giving it to the teller, there’s a machine that let’s you enter the details of the deposit including account and amount. After entering the details, a number is printed and I have to wait when that number is flashed on the board. When it was my turn, the teller just validated the entries with me and confirmed the transaction. Took less than a minute to do so. I’ll Migrate to Canada and I’m sure I’ll see a lot of innovations also there.
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