IOB to introduce mobile ATMs
Indian Overseas Bank is proposing to introduce a mobile ATM service. The bank proposes to connect cash dispenser to its Narada Switch (or any other switch it may use in future) and passbook kiosks (to be provided by the bank) to the CBS. The selected service provider will have to take total responsibility for supplying and installing of cash dispensers and making them operational with integration to Narada switch. the passbook kiosk will be integrated with Finacle through a intermediate server, which will be provided by the bank. The bank wants to implement the project on an opex model at a fixed monthly rate. It will also be the responsibility of the service provider to make available vehicles with suitable designs and security to accommodate the cash dispensers and the passbook kiosks.