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Cooperative Bank to Offer 24-hr Cash Deposit Facility in Maharashtra, Goa

Thane Janata Sahakari Bank (TJSB), a cooperative bank, will soon offer customers the facility to deposit cash 24 hours a day at four branches in Maharashtra and Goa. The bank is also opening branch offices in Gujarat.

"Cash depositing machines are a first for cooperative banks. Customers can now deposit cash in the 24-hour machines, which can even filter fake and soiled notes. The money will be reflected in real time in the customer's account," the bank's chief executive officer Utekar said.

"While private banks like HDFC and ICICI have only begun this facility (24-hour cash deposit machines) at a few places, we will provide the facility at four branches," he said.

He said TJSB, which had a Rs 7,000 crore turnover in the last financial year, would also start operations in Gujarat with the opening of four branches within six months.

The TJSB currently has more than 70 branches in Maharashtra, Goa and Karnataka.