Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
391.65
-1.35 (-0.34%)
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Kotak Mahindra Bank launches ‘ATM on Wheels’ facility in Mumbai

Date: 17-04-2020

Kotak Mahindra Bank has launched its first ‘ATM on Wheels’ facility in Mumbai. The mobile ATM will bring cash withdrawal services to local neighbourhoods during this critical period when the city is in a lockdown mode due to the COVID-19 pandemic. The mobile ATM facility is available to both Kotak customers and noncustomers and will cover Mumbai, Thane and Navi Mumbai on all days, including weekends.

Similar to a regular ATM, the ATM on Wheels offers key banking services such as cash withdrawals and access to account-related information such as account balances and mini statements. The fully networked mobile ATM is connected to the central database using the Global System for Mobile Communications (GSM) technology.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.