India’s largest bank teams up with the nation’s largest Warship
INS
Vikramaditya, the largest warship and latest aircraft carrier of the Indian
Navy, has a strength of over 1500 personnel. A versatile national capability
and a full-fledged township by herself, the ship has a new acquisition – an ATM
machine installed onboard by the nation’s largest bank and banking network, the
State Bank of India. The one-of-a-kind ATM machine was inaugurated onboard at a
function at the Naval Base Karwar on 21 Jan 17, jointly by Rear Admiral KJ
Kumar, Flag Officer Commanding, Karnataka Naval Area and Shri Rajnish Kumar,
Managing Director and Group Executive (National Banking Group), State Bank of
India.
The
facilities offered by the State Bank of India to the ship include cash
withdrawals, generation of mini-statements, access to bank balance details and
change of PIN numbers. In the near future, the facility will be upgraded to a
recycler machine with a cash deposit facility. Additionally, facilities like cash
transfer, Card-to-Card transfer, Credit Card payment, mobile number
registration and updation would also be available. The Indian Navy has a Memorandum
of Understanding with the State Bank of India that operates Defence Salary
Packages. This joint venture between India’s largest warship and largest
banking network is a significant step towards cementing the partnership between
the Navy and the bank further, underlines the mutually supportive relations the
two organisations share. The ATM machine is a unique floating banking system,
and along with the Point of Sale machine that is also proposed to be installed
onboard, would go a long way in supporting cashless transactions on the ship,
in line with the government’s policy of digitising the India economy.
Speaking
on the occasion, Captain Krishna Swaminathan, Commanding Officer of INS
Vikramaditya stated that the ATM machine will add to the variety of other
facilities and amenities available to the crew. It will enable personnel of the
ship to manage their domestic financial requirements better and assist them in
conducting their money transactions at their own convenience. Shri Rajnish
Kumar, MD, mentioned the glorious achievements and history of the Indian Navy
as well as the SBI. He said the two institutions are symbols of national
achievement and this inauguration would extend the digital footprint of the
country nautical miles beyond Indian shores. RAdm KJ Kumar said it was a matter
of pride for Navy to be associated with the largest Indian bank and that this
event would take the partnership between the two many notches higher. He also
expected the relationship between the two to grow from strength to strength in
the years ahead.
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