Apparatus for conducting banking transactions including depositing and withdrawal of cash

摘要

The Sarvatra(TM) system provides an apparatus for conducting banking transactions including depositing and withdrawal of cash by an account holder in a branch of a bank. The system consists of [i] a data center having a "sarvatra" cluster [ii] an operations center for maintaining records of all operations; [iii] POS terminals; [iv] account data storage means; [v] Network Interfaces linking: the data center to the operation center, the POS terminals to the data center and the said account data storage means to the data center via a network; [vi] a sarvatra card on which is recordable account information of an account holder; [vii] an electronic financial transaction switch adapted to send and receive information from the POS terminals and send and receive information from said account data storage means in the branches and further adapted to selectively route transactions to and from bank branches.