State Bank of Travancore (SBT) on Monday introduced the 'Doorstep Banking' facility by rolling out a mobile van into service. The van will be deployed to pick up cash from the doorsteps of business and government establishments. The bank has rolled out the van at a function held at its Thiruvananthapuram treasury branch. Sajeev Krishnan, managing director of the bank, flagged off the new service.
The major benefits to the customers include zero security risk in the movement of cash from their office to the bank and costs incurred on the transportation of money. To start with, the van will pick up cash from the customer's doorsteps from 10 am to 4.30 pm and this is likely to be extended later, a bank press release said. The minimum and maximum were fixed at Rs 500,000 and Rs 2 crore. Customers can choose their convenient time for cash pick-up after a prior appointment with the bank.
