ATM cash deposit limits: With the introduction of fashionable banking applied sciences, clients now have the comfort of depositing cash immediately into their accounts utilizing designated ATMs, with out the want to go to a financial institution department.
The Automated Deposit cum Withdrawal Machine (ADWM) is a specialised ATM that permits clients to deposit cash into their accounts utilizing their ATM or debit card.
The cash deposit limits for these machines fluctuate relying on the financial institution and whether or not the buyer’s Permanent Account Number (PAN) is registered with the financial institution.
As reported by ET, in response to the SBI web site, “The Cash Deposit Machine, better known as Automated Deposit cum Withdrawal Machine (ADWM) is an ATM like machine that allows you to deposit cash directly into your account using the ATM cum debit card. You can use this machine to instantly credit your account without visiting the branch. The transaction receipt also gives you your updated account balance.”
ATM Cash Deposit Limit for SBI:
As of September 24, 2024, the per transaction limit for SBI’s cardless deposit is Rs. 49,900/-, whereas the limit for deposits made utilizing a debit card is Rs. 2.00 lakh, offered the account is seeded with a PAN quantity.
Customers also can use the ADWM to deposit cash into their PPF, RD, and mortgage accounts. A single transaction can accommodate as much as 200 forex notes, and the ADWM accepts denominations of Rs 100, Rs 200, Rs 500.
ATM Cash Deposit Limit for HDFC Bank:
HDFC Bank has set particular limits for cash deposits via their ATMs. For financial savings accounts, the most quantity that may be deposited per transaction is Rs 25,000, whereas for Card Based Deposits, the limit is Rs 1 lakh. There is a daily limit of Rs 2 lakh.
The cash deposit machines at HDFC Bank are designed to just accept denominations of Rs 100 (each new and outdated notes), Rs 200, Rs 500, and Rs 2000. It is essential to notice {that a} most of 200 notes could be deposited in a single transaction. These cash deposit machines are solely accessible for depositing cash into HDFC Bank accounts.
ATM Cash Deposit Limit for Union Bank of India:
Union Bank of India additionally affords cash deposit providers via their Cash Recycler Machines (CRMs). According to the Union Bank web site, “Cash Recycler Machine is capable of accepting and dispensing multiple notes simultaneously. CRMs accept a maximum 200 currency notes of Rs. 50,100, 500 and 2000 denominations per transaction and maximum value of Rs. 49999. On PAN card validation additional amount up to Rs.100000/- can be deposited per transaction. CRM impounds any counterfeit currency and such notes are not returned to the depositor. Cash deposit and withdrawal is allowed to NFS member bank cardholders by CRM. Cash withdrawal feature is similar to ATM in CRMs.”
These CRMs present a handy method for clients to deposit and withdraw cash, with particular limits and safety measures in place to make sure the integrity of the transactions.
ATM Cash Deposit Limit for Bank of Baroda:
Customers with a registered PAN can deposit as much as Rs 2,00,000/- (2 lakh) per day utilizing their debit card. For these and not using a registered PAN, the daily limit is Rs 49,999/-. Card-less transactions, which require feeding the account quantity, have a daily limit of Rs 20,000/-.
ATM Cash Deposit Limit for PNB:
“PNB Cash Acceptor cum ATM or Bulk Note Acceptor is a highly efficient multi-function kiosk, meant for accepting cash for deposit in the account (for PNB only) as well as dispensation of cash and all other ATM functions.”
The machine accepts denominations of 500, 200, and 100. Customers with a captured PAN quantity of their account can deposit a most of Rs. 1,00,000/- or a complete of 200 notes per transaction. For these and not using a captured PAN quantity, the limit is Rs. 49,900/-.
