24 April 2014

Bank of Baroda installs 'intelligent-powered' ATMs

10 December 2013  |  2400 views  |  1 Call centre woman

In a bid to reach more of the country's underbanked population, India's Bank of Baroda is deploying 2100 ATMs from Diebold which automatically switch between three possible power sources - solar panel, alternating current grid and internal battery - as circumstances dictate.

Mumbai-based BoB operates more than 4000 branches throughout India. The bank is deploying at least one ATM at each branch, fulfilling a Ministry of Finance directive to expand self-service banking options for the approximately 40% of India's population that is underbanked.

The Diebdol 429 ATMs feature an integrated battery backup system and are designed to operate in environments with inconsistent power availability. Depending on daylight conditions, either solar panels or the AC grid power the ATM and charge its four-hour backup battery, which automatically activates when power is interrupted.

PD Singh, general manager, transaction banking, BoB, says: "Expanding the capabilities and breadth of our ATM fleet will improve access to banking services in both urban and rural areas."

As part of the deal, Diebold is also managing the performance and end user availability of BoB's entire multi-vendor fleet of more than 4000 terminals.

Comments: (1)

Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 11 December, 2013, 10:18

A nod to the belief that cash and sun will be around forever?

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

23 October, 2013
01 May, 2013
24 January, 2013
09 January, 2013
20 July, 2012
12 March, 2010

Related company news

Find out more

Featured job

to £75k base, £140k OTE
London, UK

Find your next job