India's first floating ATM will be launched in Kochi on February 9 by the State Bank of India.

The ATM has been installed in a jhankar (ferry) owned by the Kerala Shipping and Inland Navigation Corporation, SBI sources said.

The jhankar would ply between Ernakulam and Vypeen, the most densely populated area in Asia.

Ashok K Kini, deputy managing director, SBI, corporate centre, Mumbai, would launch the ATM.