Question: What Is CDM Charges In SBI?

Can I deposit money in any SBI branch?

SBI Customers: Now Deposit Cash Without Limit At Non-Home Branch In S/B Account.

The savings bank account holders of State Bank of India can now deposit cash at non-home branches without any limit.

The bank on its twitter handle said, “Good news SBI customers.

50 plus GST for every deposit made at a non-home branch..

What is CDM service charges in SBI?

Service Charges on Cash Deposit through CDMs/State Bank Cash Points (Cash Recyclers)Method of DepositProposed ChargeP-segment Debit Card (Card Linked Account)NILDebit Card (Third Party Account)Rs. 22/-+GSTCardless TransactionRs. 22/-+GSTSME Insta Deposit Card/Business Debit CardRs. 22/-+GST1 more row

How can I use CDM in SBI?

SBI CDM. … Location. … Walk into the SBI CDM in your locality with your debit card, the amount of cash which you want to deposit into your account. … Enter your ATM PIN number. … Choose your account type; this can be the savings account or current account. … The CDM will now check the money.

Can we transfer money from SBI CDM to other bank?

In India, many banks have started to transfer money to other Bank account through CDM ( Cardless) CDM means cash deposit machine. It is the machine just like ATM. … It may SBI, SBM, SBA or other bank in any network of cash deposit machine.

Can we deposit money in any CDM?

If you have an account in bank ‘A’, you cannot deposit cash in another bank’s CDM. You can do that only in the CDM of bank ‘A’.

Can I deposit 2 lakhs in my account?

Here customer should note that, deposits of up to Rs 2 lakh is free per account per month in home branches. However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150.

Can I deposit 10 lakhs in my account?

If you cash deposit more than Rs. 10 lakhs from your savings bank account – Bank will report to Income Tax authority. If you do fixed deposit more than Rs. 10 lakhs in a financial year – Bank will report to Income Tax authority.

Can we deposit 2000 note in CDM?

* The CDM only accepts denominations of Rs 100, Rs 500 & Rs 2000 note. … If you deposit money into CDM usina an account number, Rs 25 will be deducted from your account on successful deposit. If you use an ATM/Debit card to deposit cash using CDM, no charges will be levied.

Is there any charges for cash deposit in SBI?

Cash deposit transactions SBI is offering three transactions free every month for deposit of cash. If the cash deposit transaction exceeds three, then Rs 50 plus GST will be charged per transaction. The number of free cash withdrawals at a branch will be dependent on the AMB of your account.

How can I transfer money through CDM?

How to Deposit Cash in Cash Deposit Machine?Insert debit card and enter PIN for validation.Select account type (Saving or Current).Place the money in the cash deposit slot and click “Continue”.Machine will sort the cash and will show denomination-wise amount to be deposited.If correct, click “Deposit”.Amount will be deposited.Receipt will be generated.

Can we deposit cash in CDM without ATM card?

Walking to the nearest CDM and check for the option ‘cardless deposit’ on the CDM and select it. After selecting the option, the machine will ask you to enter your bank account number.

How much cash can be deposited in savings account?

Though there’s no limit to how much you can keep in a savings account, you should know the rules surrounding large deposits to savings accounts. When it comes to making deposits to a bank account, $10,000 is the magic number.