SBI cash deposit charges: Under a rule of SBI, the customer in whose bank account the money is deposited, the charge is also deducted from the same customer’s account. This charge is levied on deposit of cash.
SBI cash deposit charges: If you are a customer of the country’s largest public sector bank – State Bank of India (SBI), then this news can be of use to you. Actually, under a rule of SBI, the customer in whose bank account the money is deposited, the charge is also deducted from the same customer’s account. This charge is levied on depositing money from the Cash Deposit Machine.
Cash deposit machine like atm
Explain that cash deposit is also like an ATM machine. Most of the SBI ATM machines have cash deposit machines attached to them. In this you can make a cash deposit. You can use this machine to deposit money into your account instantly without visiting the branch. For this, it is important to note that the notes of whatever money you are depositing are clean. If the notes are torn or old, the ATM machine will not accept them.
This is a special rule
Let us tell you that on depositing from this machine, money comes immediately to your account. However, deposit charges of Rs 25 or more are also deducted. This charge can increase according to the amount. Whereas, the limit per transaction is Rs 49,900. You can also deposit cash into your PPF, RD and loan accounts from this machine. The ATM machine accepts notes in the denominations of Rs.100/-, Rs.500/- and Rs.2000/- only.
