The characteristics of the new facility include a 24/7 self service lobby, in which independent of the atm, various automated machines such as self service pass book printer, cheque deposit machine and reach the iphone banking terminal providing round the clock services, accessible.Representatives of the bank said pass books were being issued with a magnetic strip to help customers use the self service printer.Cost such pass books was around rs.80 each and every, Whereas those without magnetic strips come for several rupees.The bank was providing the pass books without any extra charges, the state run said.The step to upgrade the atm machines so they are handle more services is part of a broader strategy of banks.The concept of 'branch less' banking has been in the pipe line since many years.The shopper now demands round the clock banking and that too at the place nearest to pandora bracelet groupon him/her so that least possible time is spent on it.The banks need to identify the changing demands and preferences of its customers and then try to deliver them at reasonable prices.By helping the number of services rendered by the atms the banks can reduce on the number of branches through which it operates thereby reducing the rental, maintenance and personnel costs to a primary level.So, it will lead to a win win situation for the banks and the customers.
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