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ATMs are not only used for withdrawing money. Some ATMs are used to deposit money too. This is the most common way to deposit money into your bank account, and it is safe too. You don't need to visit a bank or stand in a queue. Here is how you can deposit money into an ATM.
You can deposit money in your bank account without visiting a branch. The cash deposit machine is also known as an Automated Deposit cum Withdrawal Machine (ADWM). This is the most convenient way to deposit money.
You can easily deposit your money in the ATM or cash deposit machine. Here are the steps you need to follow to deposit money.
This is how you can add your money in an ATM.
Yes, it is possible to deposit cash in CDM without a debit card. You can find this feature almost in all the major bank's CDM. You will get the option “Cardless deposit” in CDM. You can simply click on that and proceed. In this method, you need your bank account number and mobile number.
Every bank has its own CDM, and its transaction limit depends on the mode, like whether you are depositing cash with a card or without a card.
Almost all CDMs accept common currency notes such as ₹100, ₹200, and ₹500. Most of the time, this denomination varies depending on the bank and the machine's configuration.
Some older machines accept only some notes. And CDM does not accept any type of coins.
When you deposit cash in a machine, it reflects on your account in real-time. If there is any glitch or the machine is jammed, then it can take 3 to 7 working days for the bank to reconcile the cash and credit your account. In this case, you should contact your bank.
If CDM accepts your cash but it doesn't reflect on your account, then don't panic. In this case, your bank is required to investigate and resolve such issues within a specified time.
If the issue remains unresolved, you can contact your bank's customer care or visit the nearest branch and report the transaction details.
*T&C Apply
You can withdraw money from an ATM. Similarly, there is a cash deposit machine (CDM), where you can deposit money. You don't need to go to the bank and stand in a long queue. Without filing any receipt, you can deposit money directly in your bank account. Many banks have their cash deposit machines. It saves your time and effort.
Many cash deposit machines allow you to deposit money with or without a debit card. Depositing money is a very simple and convenient way. You should check all notes before depositing. Always get the transaction receipt.
First, you need to find a cash deposit machine. Use your debit card, insert it into the machine from the chip side. Then follow the instructions. The machine box will open after entering the PIN. Then you can add your cash in that box.
You need to visit any SBI ADWMs (Automated Deposit cum Withdrawal Machines OR Cash Recyclers). You can add money in this machine, which will be deposited directly to your account.
You can deposit up to 10,00,000 per year in your savings account. This rule is for income tax purposes. This threshold is retained under the Income Tax Act, 2025 and the Draft Rules, 2026.
Cash deposits are generally safe to use. Banks have features like encryption technology, note verification systems, transaction records, and CCTV monitoring to ensure secure transactions. Your deposited cash in the machine is directly deposited in your bank account.
A cash deposit machine is a self-service machine. You can add your cash to the machine with the help of a debit card, and the money will be directly deposited into your account instantly. This machine works similarly to the ATM, but it is used to add money, and the ATM is used to withdraw money. This machine automatically checks your notes and counts them.
When you deposit cash in CDM, generally it reflects in your account within a few minutes. But sometimes there are issues like technical issues, manual verification of notes, or deposits made during system maintenance, which can take longer. In this situation, you should contact your bank.
If you have deposited money in the machine but it's not reflected in your bank account, you should keep the receipt yourself and note down the error message. And visit the bank branch.
It is possible to deposit cash into someone else's bank account through a CDM. You should know their bank account number. Also, you need to use the specific bank's ATM. If that person has an SBI Bank account, you need to use an SBI ATM.
When you deposit money into the CDM, you receive a receipt. This receipt contains all the transaction details.
CDMs generally accept clean and valid currency notes. ATMs can reject your Torn, folded, or heavily damaged notes. That's why checking notes before depositing is necessary.
