New Delhi: ATMs have made cash withdrawal very simple and most people wouldnt have visited their banks for months to withdraw cash. A similar thing might happen to deposits if the system of 'deposit automation' is implemented, wherein machines count the currency that one might deposit and the bank account is immediately credited with the money.

Though, relatively new in India, deposit automation has been widely popular means to deposit cash in the western world. Three leading banks in India, two private and one from the public sector are soon going to install automatic deposit machines at select branches.

Currently, many banks offer such services but they do so by using envelopes and mechanical means, not by an automatic machine. Diebold, a leading US based manufacturer of 'deposit automation' system will offer the facility to deposit currency notes of various denominations in an automatic way, without using any envelope. This system has also an in-built facility to detect fake currency notes and reject them.

Rupinder Anand, Director, Sales and Marketing Diebold Systems said, "We are in talks with three Indian banks to supply the technology and machines for automated deposits. We hope at least one private sector bank would adopt the deposit automation in the first few months of next year and three by the end of that year."

Diebold's Opteva® ATMs are specially designed machines, which cater to deposit automation. Equipped with intelligent depository moduleTM^TM these machines offer an exceptional level of reliability. The bulk note acceptor (BNA) of these automatic deposit machines can accept stacks of up to 100 notes and store up to 6,000 notes.