What is SBI’s floating ATM in Dal Lake, installed for tourists, locals; first one was launched on…

SBI's floating ATMs serve as a unique concept and travellers love it. Scroll down to know the details.

The State Bank of India’s initiative in the form of floating ATMs is widely lauded by people, especially tourists. The SBI’s floating ATM acts as an extraordinary banking service in the Dal Lake. It’s essentially because the valley remains extremely busy for being a major tourist spot. This leads to an increased demand for having an ATM installed nearby. The initiative prompted the SBI to install and operate more such floating ATMs.

What are the floating ATMs?

The floating ATM on Dal Lake in Srinagar serves as a unique banking service for the tourists and localites. It has set a benchmark for creative problem-solving at places least thought of. The service helps multiple people in the region, as they now don’t have to travel large distances to avail themselves of the bank service.

How do people react to floating ATMs in Dal Lake?

People, especially tourists, loved the unique concept behind floating ATMs in Srinagar. This initiative has made their stay in the valley extremely convenient, as the need for dependency on ATMs far and wide has decreased. It also makes the life of individuals living in the valley comfortable.

When did SBI launch the first floating ATM?

The State Bank of India (SBI) launched the first floating ATM in Kerala back in the year 2004. It was done in the Jhankar yacht of the Kerala Shipping and Inland Navigation Corporation (KSINC).