How To Cash Deposit In Sbi Atm

This article provides a comprehensive guide on the process of making cash deposits at State Bank of India (SBI) ATMs. It aims to assist individuals in understanding the steps involved and ensuring a smooth transaction. By following these instructions, SBI customers can easily deposit their cash into their bank accounts using the ATM services provided by the bank.

How to deposit cash in an SBI ATM? Step-by-step guide

Step 1: Find a nearby SBI CDM (Cash Deposit Machine) and go there with your SBI ATM card. Remember that not all ATMs are equipped with CDM functionality.

Step 2: When you arrive at the ATM or CDM, insert your card into the designated slot. The machine will then begin to read your card.

Step 3: The display on the ATM will show a variety of choices such as registration, mini statement, services, quick cash, banking, balance enquiry and transfer. Select the banking option from these available choices.

Step 4: Select the language of your choice, either English or Hindi, when using the SBI ATM.

Step 5: A different screen will pop up, requesting you to enter a two-digit number between 10 and 99 for security purposes. Select any random number and continue by clicking the affirmative option.

Step 6: On the following screen, your account holder details will be displayed and you will be prompted to input your personal identification number (PIN).

Step 7: On the screen, you will be presented with a choice to select how you want to carry out your transaction. After that, you need to choose the deposit option.

Step 8: On the following screen, you will see a message asking you to select your deposit transaction. Simply choose the option for cash deposit.

Step 9: Once you have completed the previous steps, a screen will appear showing the deposit transaction limit. This limit can be either Rs 49,900 or Rs 2,00,000 depending on your selection. Then click on the “continue” option to proceed further.

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Step 10: Decide whether you want to deposit the cash into a current or savings bank account.

Step 11: The cash box shutter will open where you can put the notes of the amount you wish to credit your account with. You must make sure that the notes don’t stick with each other neither are they torn or folded.

Once you press enter, the ATM will begin processing the cash and display a comprehensive breakdown showing you the specific denominations and their respective quantities.

Once you have finished depositing the cash, a receipt will be provided to you. You can then proceed to withdraw your card.

How can I put cash into an ATM machine?

To deposit cash at an ATM in India, follow these steps:

1. Find an ATM nearby.

2. Insert your card and choose the language you prefer.

3. Enter your PIN number.

5. Follow the instructions displayed on the screen carefully.

6. Place the cash into the designated slot provided by the machine.

7. Confirm all details and complete the transaction.

Remember to keep your receipt for future reference or verification if needed.

FAQs:

When depositing cash in an SBI CDM, it is important to remember three guidelines.

  • For a cardless deposit you can deposit ₹49900.
  • For depositing cash through a debit card you can deposit upto ₹200000.
  • You can deposit a maximum of 200 currency notes of any denomination in one transaction.

Can you deposit cash into an SBI ATM throughout 24 hours?

Coin deposits cannot be made at ATMs or CDMs. To deposit coins, it is necessary to visit a bank branch and make a direct deposit.

Is it safe to deposit money in an SBI ATM?

Yes, It is generally safe but rarely there might be a machine error.

What currency denominations are accepted by SBI ATMs?

Here are some denominations of Indian currency: ₹100, ₹200, ₹500, and ₹2000.

What are the eligible accounts for cash deposit at an SBI ATM?

You have the option to make deposits into various accounts such as PPF, RD, and Loan accounts. This applies to both savings and current accounts.

Is there a fee or service charge?

Cashless transfer fees for State Bank of India ATM include ₹22 plus GST. This fee applies to cardless transfers, third-party debit card transactions, SME Insta Deposits, GRC Card transactions, and Business Debit Card transactions.

How to deposit cash in an SBI ATM using your own card?

To make a cash deposit at an SBI CDM, simply insert your card and follow the instructions provided.

How to deposit cash in an SBI ATM without your own debit card?

There are various methods available to deposit cash in SBI CDM.

Here are some ways to deposit cash at an SBI ATM:

– Use the YONO app for mobile deposits

– Utilize SME Insta Deposit service

– Make use of GRC Card for cash deposits

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– Opt for Business Debit Card as a means of depositing cash

– Consider using a third-party Debit Card for cash deposits

– Explore Shared Branching options for cash deposits

– Directly deposit your cash at the bank.

Alternative methods for depositing money in SBI bank

Here are some alternative ways to deposit cash at an SBI ATM:

1. Utilize the direct deposit feature, which allows you to transfer funds directly into your account without visiting a physical branch.

How to deposit money in an SBI ATM without an ATM card?

Step 1: At the first screen that appears Saying ” Please insert your card” there you must choose the ‘Cardless deposit number”.

Step 3: Input your mobile number consisting of 10 digits.

Step 5: Input the 11-digit account number of the recipient.

Step 6: Then you have to deposit the notes into the box and proceed.

How to deposit cash in an SBI ATM using the YONO App?

Step 1: Download and sign in to the YONO SBI application on your mobile device.

Step 2: Choose the ‘YONO Pay’ option on the next screen.

Step 4 : Then you will see two options out of which you need to choose the own account option and then choose the ‘other deposits a/c’.

Step 5 : You can enter the desired amount on the line showing ‘Amount’

Step 6: You can put any desired remark, example : ppf or your name this will be shown on the receipt. Then press the ‘Next’ Button.

Step 7: Once the transaction is completed, you can verify the payment and close the application.

How to Confirm Cash Deposit in SBI ATM

Step 2: When the screen will show ” Please choose ‘BANKING’ for Cash Withdrawal”.Then you can click on either balance enquiry or mini statement wherein it will give you the details.

Question: What do I do if there is some error?

If you notice any mistakes, it is important to contact the bank and present your transaction receipt. They will assist you in resolving the issue promptly.

How to deposit cash into my account using an ATM?

After entering your PIN, select the option for making a deposit on the screen. You will then be prompted to choose the account where you want the cash deposit to go. Select the correct account from the options provided.

Next, insert both bills and checks into separate slots in the machine. The machine will count and verify them automatically. It is important to make sure that all bills are flat and not folded or crumpled as this may cause issues with counting.

Finally, confirm that the total amount of cash being deposited is accurate on-screen before completing your transaction. Once confirmed, finish by following any additional prompts given by the ATM.

Remember to always double-check if there are any fees associated with cash deposits at ATMs as these may vary depending on different factors such as location or type of account held with SBI.

How to Deposit Cash Using SBI ATM: Extra Tips

– Select a secure location for depositing cash at an ATM.

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– Always verify with the bank if your deposit has been received after completing the process mentioned above.

– Prepare and count the cash beforehand.

– Use SBI ATM deposits exclusively to transfer funds into your SBI account.

– Exercise caution and carefully review all terms and conditions before proceeding from one step to another.

Here are two ways to find your SBI account number and activate SBI net banking online without any charges.

Depositing money in another account using SBI CDM: How can I do it?

NEFT (National Electronic Funds Transfer) allows individuals to electronically transfer funds from one bank account to another across different participating banks in India. This method operates on a deferred net settlement basis and transactions are processed in batches throughout the day.

RTGS (Real Time Gross Settlement) is another electronic fund transfer system provided by RBI where transactions are settled individually and instantly on a real-time basis. It enables immediate interbank transfers for large value transactions above a certain threshold amount.

IMPS (Immediate Payment Service) offers instant 24×7 interbank electronic fund transfers through mobile phones, internet banking or ATMs. With IMPS, users can send/receive money using their registered mobile number and Mobile Money Identifier (MMID).

UPI (Unified Payments Interface) is an advanced payment system that facilitates seamless fund transfers between different bank accounts using smartphones. It provides a single platform for various banking services including peer-to-peer payments, bill payments, merchant payments and more.

To avail these alternate methods of transferring funds outside of SBI accounts, customers need access to internet banking facilities offered by their respective banks or they can download specific UPI apps provided by NPCI member banks.

Is it possible to deposit $4000 at an ATM?

Deposit limits are restrictions set by banks on the amount of cash you can deposit in an ATM in a single day. Similar to withdrawal limits, these limits ensure that there is enough cash available for all customers and prevent misuse or fraudulent activities. In India, State Bank of India (SBI) also has daily cash deposit limits ranging from around ₹25,000 to ₹50,000.

Apart from the maximum amount limit, some banks may also have limitations on the number of bills you can deposit at once. This means that even if your bills add up to less than the maximum limit allowed, you might still be restricted based on the number of bills being deposited. These restrictions help maintain efficiency in ATM operations and prevent any potential issues with handling large volumes of currency.

Deposit limit for cash in SBI bank?

The cash deposit limit in State Bank of India (SBI) for current accounts is INR 5 lakh to INR 100 crore per month. In HDFC Bank, the cash deposit limit is 60 lakh or ten times the value of the average monthly balance (AMB) in the account. If this limit is exceeded, the bank may charge interest from the depositor.