List of Coin Vending Machines/CVMs of Banks in Chennai

Last Updated on

In the day to day cash transactions of the public, coins have been important in many places such as public transports (buses and trains) and domestic retail shops( vegetables and grocery etc).

The Reserve Bank of India has been advising and asking the public sector, private sector and foreign banks in India to provide ‘Coins Vending Machines”/CVMs in and near their branches and ATMs and in public places, the banks in India are installing CVMs in many places.

To get coins in exchange of currency notes the public will have to insert currency note inside the CVMs and the CVMs  will scan the inserted note, verify its genuineness and dispense coins of an equal value.

The coins will be available in denominations of Re. 1, Rs. 2 Rs. 5 and Rs. 10, of which any two or three denominations will be dispensed.

In the state of Tamilnadu, there are already 120 CVMs and recently, 65 CVMs have been installed in the Chennai City at various places and still more 85 CVMs will be installed in the states of Tamilnadu and Pondicherry excluding the Chennai City.

The following are the banks details of the 65 CVMs installed recently in the Chennai City:

  • Indian Overseas Bank (24), 
  • Indian Bank (15), 
  • State Bank of India (10),

     

  • Canara Bank (5), 
  • Bank of India (5), 
  • Axis Bank (4), 
  • Standard Chartered Bank (1) 
     
  • and TNSC bank (1).

Share This Post

3
Leave a Reply

avatar
3 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Ravi Vsraviway2 collegeSiddharth Jee Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
newest oldest most voted
Notify of
Ravi Vsravi
Guest
Ravi Vsravi

Locations of coin vending machines in Chennai city may be given as a list in the websites of banks for information to the public

way2 college
Guest

Top MBA Colleges in Bhopal helps them bring success in the professional and the job market giving them better rank in the organization and also giving them a better and an increased salary structure.

Siddharth Jee
Guest

Students who are keen towards engineering they are going for the embedded system training in jaipur. Students are able to do some projects in the training itself, they get opportunities direct from clients itself. Training is available in various schedules and various time periods.