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.
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.
