Private commercial banking is gearing to take a fresh stride as Nepal Grindlays Bank Limited prepares to introduce a new generation of Automatic Teller Machines (ATMs) in Kathmandu and Pokhara. The ATMs operational at different banks allow only withdrawals at specific banks where the accounts are maintained. Grindlays accounts are can be accessed from any branch or ATM. The Bank said its new ATMs would also offer more services than competing banks. The NGBL machines would allow its "Access Card" holders, credit card customers and tourists with Visa and MasterCard to withdraw cash. The machines have already arrived but need to be installed and tested before actual commissioning to be done by ANZ Grindlays technicians from Australia.

The AT Ms will allow cash withdrawals and deposits besides services like inter-account fund transfers and credit card payments. The bank may also allow customers to check account status and order check books using the ATMs."It is an effort to make our service available at all time, said Anil Shah, Chief Operating Officer. NGBL. "We hope the ATMs will help shorten banking hall queues and over time, become cost effective than having more tellers." A major advantage NGBL machines would allow tourists is eliminate the need to walk around with wads of cash.