BRAC Bank introduces real-time cash deposit machine

Brac Bank has launched 39 real-time cash deposit machines (RCDMs) in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna in the first phase.
The machine allows customers to deposit cash any time and any day of a week to their Brac Bank accounts and pay credit card bills within minutes, a press release said.
“RCDM will bring immense convenience to the customers as they can deposit money anytime and any day without visiting a branch. The machines will be deployed across the country in phases as part of the pursuit of strengthening our alternate banking channel,” said Nazmur Rahim, head of alternate banking channels at Brac Bank.
The customers can deposit minimum Tk 10 and maximum Tk 50,000 in a single transaction. The deposited amount will instantly be reflected on the beneficiary account balance with transaction notification through short message service (SMS).