About Dhanlakshmi Bank Ltd

Dhanlakshmi Bank Ltd is a private sector bank located in the city of Thrissur, Kerala. The bank functions under the
smart guidance of Mr. G.N. Bajpai and Mr. Amitabh Chaturvedi. G.N. Bajpai is the chairman of the bank and Amitabh
Chaturvedi is its Managing Director and CEO.

Operating in full force mainly in Southern States of India including Tamil Nadu, Karnataka, Andhra Pradesh and
Kerala, the Dhanlakshmi Bank was started with an initial investment of Rs.11, 000 only. In the year 1977, it achieved
a status of the Scheduled Commercial Bank.

Its remarkable performance in the field of banking services has won it Reserve Bank of India's approval to
launch 66 branches and 380 ATMs all over India in 2009. With this massive expansion plan, the total count
of the customer outlets of Dhanlakshmi Bank Ltd will grow from 279 to 725. Besides, on 28th September 2009, it
received an award for the best bank in the private sector.

Overview of Dhanlakshmi Bank Ltd

The Dhanlakshmi Bank Ltd was opened with the clear mission "To become a strong and innovative bank with
integrity and social responsibility and to maximize customer satisfaction and the satisfaction of its employees,
shareholders and the community".

On 31st March 2009, the bank did a business of Rs 8,212 crore inclusive of Rs 4,969 crore deposits and Rs 3,243
crore advances. With this the net profit of the bank soared to Rs 57.45 crore for the year concluding on 31st March
2009.

The exponential business growth of the bank in the span of 2008-09 outshined the growth rate of entire banking
industry.

Products and Services of Dhanlakshmi Bank Ltd

The products and services of the Dhanlakshmi Bank can be categorized into following types:
• Personal banking-accounts, loans, lockers, depository services & forex services
• Corporate banking-cash management, credit, salary account and forex & trade services
• NRI banking-accounts & deposits, money transfer, NRI home loans and investment services
• Microfinance services-Dhanam Kissan Vahana (vehicle loan), Dhanam Kissan Card, Agri Gold Loan, Micro
Credit-MFI, Micro Credit - SHG
Apart from these, Dhanalakshmi Bank will soon foray into Mutual Fund Business as well for the benefit of its
customers.

Offices of Dhanlakshmi Bank Ltd

Head Office

Dhanalakshmi Buildings
Naickanal, Thrissur - 680 001
Kerala
Phone: 91-487-6617000
Fax: 91-487-6617222
You cannot really afford ATMs in Rural India that needs electricity to run. As banks expand to
rural India, there will be a need for more home grown solutions and most importantly, a rural
solution (rugged) to reach out to the segment.

Vortex, an IIT Chennai incubated startup has developed solar powered ATM targeted for
rural India and the solution built with partners works for large banks as well as smaller ones.
The solar powered ATMs consumes less than 10% of the power used by normal ATMs and
has low Capex.

How does Vortex ATM works?

Normally ATMs use a complex Cash Dispensing Mechanism where the cassettes are
horizontal and at bottom of the ATM and cash is moved from the cassette through a
conveyor belt upwards to dispense cash in the cash presenter in ATM. Also they use CRT
monitors in many models as well as full-fledged PC boards consuming power.

Vortex has developed a very elegant and innovative Cash Dispensing Mechanism, protected
by patents, that does not use any conveyor belt and the cassette is mounted vertically and
in the top half of the ATM. This makes the notes dispensed from cassette to travel only a
short distance to the cash presenter in ATM. So, it uses much smaller and low-power
consuming motors and hence able to operate under very less power. Vortex ATM also uses
lower-power consuming processors and LCD displays that consume much less power and
Linux as OS.

Low power consumption ensures that the heat generated by Vortex ATM are negligible. Also,
it uses hardened components that can operate under ambient temperatures of up to 50 deg
C. These ensure that Vortex ATMs can operate without any air-conditioners up to 50 deg C,
which feature is not offered by any other ATM.
The Vortex ATMs are certified for most ATM Switches and hence can be connected to the
bank’s ATM Switch in the central location and it continues to perform in the CBS (Core
Banking System) environment. For banks on TBA (Total Branch Automation), wanting to
provide Any Branch Banking (ABB) without upgrading to a CBS, Vortex ATMs can be used
along with Olive ATM Switches (Multi option)

The startup has raised funds from Oasis fund, Aavishkar and Ventureast.

Also see: Designing Mobile Phone for Rural India – The ‘Steampunk’ Approach
You might like:

Vodafone Launches Solar Mobile Phone for INR 1500

Samsung Launches World’s First Solar Powered Mobile Phone [Boon for Rural India]

[Innovation] StudyLite – Rechargeable Study Lamp for Kids [Safe for Eyes, Solar Powered]

Bootstrapping a startup via Consulting gigs ? The Big Question

 Agrocom – QnA Service meets Rural India

•
Big banks in India plan to outsource their ATM
operations
Tags: Asia, Australia & Pacific, Bank / Credit Union, Outsourcing, Trends / Statistics

4/23/09

Be the first!

0
0

(India) Business Standard: ATM outsourcing is on the rise in India, with at least two
large banks planning to outsource the installation and management of their ATM portfolios.
Private sector lender Axis Bank is in talks with BAIL, Euronet Worldwide, Prizm Payments
and two other independent service operators for the outsourcing contract. And Bank of
Baroda has invited request-for-proposals from prospective vendors for the site construction,
supply and installation of ATMs. The bank plans to set up 500 ATMs at its branches and at
off-site locations over the next three years. BoB has more than 3,000 ATMs across the
country.
 Click to continue

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KingTeller -A8 Standard Lobby ATM

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Secure, Broad Coverage and Resilient Wireless EFTPOS/EDC

» View More Product

NFS banks to pay 80 paise per ATM transaction

Sudeep Jain / Mumbai May 28, 2010, 0:27 IST

Banks on the National Financial Switch (NFS), the largest ATM network in the country, will now have to pay a fee
of 80 paise per transaction. The move is, however, unlikely to change ATM withdrawal charges for customers.
In comparison, members of other networks such as Mastercard and Visa pay 10-15 paise per transaction. The
National Payments Corporation of India (NPCI) took charge of NFS from the Institute for Development and
Research in Banking Technology (IDRBT) in January this year.

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IDRBT is a subsidiary of the Reserve Bank of India (RBI), while NPCI is owned by six commercial banks, including
State Bank of India.
Since it is a for-profit corporation, NPCI had proposed to charge Re 1 per transaction from January 1, but banks
protested this was too high.
After negotiations, a fee of 80 paise was decided, which bankers feel is still high.
“There is a wide disparity between what NFS charges and what other networks charge. The fee should not have
been more than 25 paise per transaction,” said a senior executive of a private sector bank.
NFS handles an average of 2.5 million transactions per day and has 37 member banks which have about 50,000
ATMs among them.
Incidentally, the switching charge, which was Rs 2 per transaction until 2007, was waived in December 2007 to
bring down ATM interchange charges. The switching fees come as an additional burden to banks who already
have to pay whenever a customer uses another bank’s ATM. In April 2009, RBI decided to stop charging
customers for third-party transactions.
Banks, on the other hand, incurred heavy expenses on such transactions since they had to pay Rs 18 every time
their customer used another bank’s ATM. Previously, this charge was borne by the customer. In October, RBI
allowed banks to charge customers for third-party transactions after they had exhausted their quota of five free
withdrawals.

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Tags : NFS banks | ATM transaction | Mastercard | Visa pay | NPCI | IDRBT | RBI | State Bank of
India |

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Hoax – About ICICI ATM card on SBI ATM

• Posted by krishnas in Banking
• 2 Comment

In this ablog I just want to mention one of the hoax e-mail received. The e-mail
subject as follows:
ICICI ATM card on danger!
 E-mail message as follows:
ICICI ATM / Debit cards can be used at SBI ATMs to withdraw money and most shocking thing is, it
does not ask for your PIN**. Even if it asks for pin and if u cancel it, it goes on to the next screen and
enables you to withdraw cash. This security vulnerability was shown live on IndiaTV news channel at
SBI ATM in Hyderabad. So please take utmost care of your ICICI ATM / Debit cards to avoid any such
misuse. Please forward this to as many people as you know…
This is a chain mails, that means who ever receives that mail then forward to the group of friends. It
is intend to damage the name of specific bank, in this case the victim is ICICI Bank.
After reading the mail, I have googled it to know the facts, first result which I got is ICICI Bank
Online. It says as follows:
Dear Customer,
We understand that there are misleading e-mails being sent to ICICI Bank customers informing them that
they can withdraw money from SBI ATMs using their ICICI Bank Debit / ATM Cards without using their
Personal Identification Numbers (PINs).
We would like to clarify here, that there is no problem with the ICICI Bank ATM / Debit Card. We have
checked the transactions of ICICI Bank cards on ATMs of SBI. The ATMs do ask for the PIN to be
entered by the customer.
We reassure you that ICICI Bank declines all ATM transactions coming without a PIN or with an incorrect
PIN.
We affirm that all ICICI Bank Debit /ATM cardholders can safely use their cards across all ICICI
Bank ATMs as well as at all participating ATMs of the VISA/NFS network.
We request you to forward this note to all those who may have sent you misguiding e-mails in this regard.
Thank you for your cooperation.
Sincerely,
ICICI Bank Ltd.

Please don’t forward such mails without the official proof on it. That will
damage a company’s brand quality.

Related posts:

1. FAQs on ICICI Bank Personal Loans

2. ICICI Bank’s Term Deposit Interest Rates in 2009
3. ForClosure of ICICI Bank Personal Loan
4. Information on ICICI Bank Personal loans
5. How to apply for a PAN card?

State Bank of India to Deploy 300 Solar-Powered ATMsSolar

ATMs said to consume 100 watts of power and to require no air conditioning.

Tags: Automated Teller Machines, State Bank of India, Vortex Engineering, Green Computing, Green IT, ATMs,
 By Penny Crosman More from this authorMARCH 15, 2010

In India's first large-scale rollout of solar ATMs, State Bank of India plans to install 545 sun-
powered ATMs across semi-urban and rural India. More than 300 will be solar-powered.
Vortex's solar-powered Gramateller Duo ATMs were developed in collaboration with IIT
Madras to be low power consuming ATMs designed for semi-urban and rural areas.
Related Resources
• Future of Customer Payments
• Primary Challenges and Trends in the European Cash Management Space: The Drive Toward Cash
Optimisation
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A conventional ATM consumes about 1,000 watts of power and requires an air-conditioned
environment — another 1,500 watts — for functioning. Thus, a conventional ATM consumes
about 1,800 units of power every month.

Vortex says its solar-powered ATMs consume less than 100 watts of power and do not
require air conditioning, thus consuming less than 72 units per month. This indicates a
savings of 1, 728 units per month when compared to a conventional ATM installation, which
translates to a reduction in CO2 emissions of 18,500 kg per year.
"With an ATM penetration of about 0.04 per 1000 people in India, there is a huge need for
rural ATMs," noted V Vijay Babu, CEO of Vortex Engineering, in a statement.

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28. MAR, 2010 1 COMMENT

Once you’ve arrived in India, you’ll want to find an ATM in short order. Money flows like water
through tips, taxis, buses, food and hotels. Many businesses will accept US currency for payment
but try to avoid this as hassling over an agreed exchange rate can be tiresome. ATM’s typically offer
the standard exchange rate.
Recommended Banks:
Canara Bank

State Bank of India

Troublesome Banks:
Punjabi National Bank
 Canara Bank Logo

Both banks accept my cards with no hassles. The ATM locations are 99% operational as opposed to
the smaller, local banks whose machinery is often times out of service. Both banks only charge $2
transaction fees, a bargain compared to just 4-5 years ago. And a big plus, both banks have
branches throughout the country. I’m sure to find one or the other even in the most remote towns.

A majority of ATM locations provide guard service posted just outside the door. There is nothing to
be suspicious about.

If your card(s) doesn’t work at the selected bank’s ATM, do not fret. Most likely their system is not
part of your bank’s system. Simply seek out another bank, or one of the two recommended above,
before contacting your bank for troubleshooting.

Most locations offer one machine per enclosed room. Indian courtesy is to wait outside until any
customers inside are finished.

State Bank of India Logo

State Bank of India (SBI) machines are a little quirky upfront. Slide your card into the flashing light
slot, hold for a second and then remove. If done correctly, you’ll be prompted to enter your PIN. If
done incorrectly, an error message will display and the machine will in short time reset to the default
screen.

1. Both banks ask for your PIN.

2. For cash withdrawals, press withdrawal.

3. Next you’ll be asked which account to withdraw from. Select “Current”, not checking, not savings.

4. Enter amount. Both banks allow up to Rs 10,000 maximum withdrawal each time. Canara used to
cap out higher but has since brought down their limit.

5. Retrieve your cash, receipt and card (Canara only).

UBI Bank ATMs
Indian ATM's

The Union Bank of India Bank ATMs are one of the famous ATMs in
India which are used by a large number of people. The UBI Bank ATMs in India are located differnt states
and also in all the major cities of the states. The UBI Bank ATMs available in all parts of India have made
withdrawl of money extremely easier for the people. In these ATMs, you will find 24X7 service and thus you
can access it at any point of time. The UBI Bank ATMs in India are available in Delhi. Kolkata, Mumbai,
Chennai, Hyderabad, Bangalore, Pune, Gurgaon, Uttar Pradesh and Gaziabad.

The UBI Bank ATMs which are found all over India, offers various facilities to the customers. The UBI Bank
ATMs offer services to the customers on a 24X7 basis and as a result of this, you will get the UBI Bank
ATMs in India open on the national holidays as well. This has also made things easier for the people. The
customers are very happy with the services offered by the UBI Bank ATMs . A fact should be noted here that
recently 25 branches of UBI Bank ATMs have been opened only in Mumbai. This perhaps states the
popularity of the UBI Bank ATMs in India.

There are other facilities available with the UBI Bank ATMs. The UBI Bank ATMs available at all the major
cities in India provide the opportunity of depositing the cheques in the ATMs. Be sure they will be properly
deposited in your accounts. The security facilities available in the UBI Bank ATMs are excellent and thus your
cheques are safe here. You will also come to know about the highest cash limits you can withdraw at one
point of time from the UBI Bank ATMs. You will also get the ministatements of the transactions that you
have done after you cheque the balance or withdraw money. Do not forget to take that as it will help you
keep a track of the transactions that you have made. This will also help you to maintain the security of your
account as well.