BRAC Bank launches real-time cash deposit system for 24/7 banking

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BRAC Bank has introduced Real-Time Cash Deposit Machine (RCDM), which will allow customers to deposit money 24/7 and reflect it instantly in their accounts.

The smart machine allows customers to instantly deposit money into BRAC bank accounts and pay credit card bills in minutes. Customers will now be able to enjoy a hassle-free cash deposit facility without queuing at the branch.

The amount deposited will be instantly reflected in the beneficiary’s account balance with SMS transaction notification. It is a completely secure and reliable service from BRAC Bank, adding comfort and convenience to customers.

In the first phase of the deployment, 39 RCDMs were deployed in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna. More machines will be rolled out across the country in phases.

Customers can deposit denominations of Tk 10, Tk 20, Tk 50, Tk 100, Tk 200, Tk 500 and Tk 1,000. The machine does not accept coins, soiled and torn notes.

Commenting on the rollout, Nazmur Rahim, Head of Alternative Banking Channels, BRAC Bank, said, “RCDM will bring immense convenience to customers as they can deposit anytime and any day without visiting a branch. The machine will be rolled out across the country in phases as part of our continued strengthening of our alternative banking channel. BRAC Bank has always been at the forefront of new technology-based banking services. We will continue to explore new ways to provide an enjoyable customer experience.

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