Nabil Bank's Cash Machine lets you deposit money to your account via an ATM

Nabil Bank has launched a new service that allows users to make deposits from the Nabil Cash Machine (NCM) to their account without the need for rushing to a deposit counter. In the initial phase, the bank has designated a few of its ATM outlets as "Nabil Cash Machine" hubs through which you can deposit money to your account.

Nabil Cash Machine Overview:

One of the leading commercial banks of Nepal, Nabil Bank has a wide network of 135 branches, 185 ATMs, 5 extension counters, and over 1500 Nabil Remit Agents across the country. Now, focusing on the convenience of its customers, Nabil Bank has introduced a one-of-a-kind feature in Nepal's banking sector, called "Nabil Cash Machine" (NCM). In contrast to traditional cash machines/ATMs, users can use these NCMs to deposit cash into their accounts. For now, one can deposit up to Rs. 99,900 per transaction directly into his/her savings and current account. To note, the system only recognizes 1,000, 500, and 100 rupees notes. Besides cash deposits, Nabil Bank says one can also pay their credit card dues using an NCM.

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Available areas

At this moment, you can take advantage of this service in Nabil Bank’s Teendhara and Pulchowk branches only. But we expect its wider availability in the coming days.

Not the first time though

Moreover, if you're wondering if Nabil Bank is the first to offer this sort of service, then you’d be mistaken. In fact, it was Everest Bank that first launched this service in Nepal with the installation of five cash deposit machines in Kathmandu Valley. The service went live all the way back in September 2012.

Nabil Cash Machine: Final Words

Nabil Bank's decision to launch a service that the public would appreciate is a wise move. From customer convenience to avoiding crowds at deposit counters in this time of the pandemic, the Nabil Bank Cash Machine fulfills multiple purposes.

• Meanwhile, check out Laxmi Bank's Smart Fone Loan service (Nepali).