06/1/15 7:56 AM

Banks to Stop Generating Paper Slips at ATMs

atm paper slip


Withdrawing money from ATMs will not generate paper slips hereafter as banks have decided to stop the process. HDFC bank is at speed in implementing the decision. Instead of generating paper slips, an SMS will be sent to the mobile number registered by the customer who withdraws money from ATM, said HDFC bank’s management. They said that initially the process will be implemented in a few ATMs and in all ATMs by the end of the month. In the 11,700 ATMs that HDFC has nationwide, it has been estimated by officials that stopping generation of paper slips will cut down the bank’s expenditure by Rs. 10 cr. Other banks that have decided to follow the same procedure have already started taking steps for the same.



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