The largest lender of the country, State Bank of India has come up with 'Green Channel Counter' facility on pan India basis. The facility has been launched so as to bring about paperless transaction facilities.
The facility would enable customers to avail transaction processes without fiiling up pay in slips or drawing cheques for depositing as well as withdrawing money from their accounts.
The drive has been taken by the bank in order to save paper and contruibute towards 'Green Banking.'
As a start up, three facilities would be enabled using this facility namely, Cash Deposits, Cash Withdrawals and Fund Transfers.
The bank referred it to be the most economical alternative channel.
Also, senior citizens would be helped by this effortless mode of transaction. The bank has started this facility in Mumbai as a pilot study and would soon spread it across its other branches, it said.