The
Cash Deposit Machine, better known as CDM 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.
Some of the salient features of this product are:
Instant
credit of cash deposit into your own account
Quick
and convenient way to deposit cash
Paperless
transaction
The
per transaction limit is Rs.49,900/-
Upto
200 currency notes can be deposited in a single transaction
The
CDM only accepts denominations of Rs.1000/-, Rs.500/- & Rs.100/-
At
present, cash deposit at CDMs are available free of cost to all our customers
except when using Green Remit Cards.Our SME Insta Card and Business Debit Card
customers can also use the CDMs for instant deposit of cash. Locate your
nearest CDM using the SBI Finder application.
OTHER
SERVICES AVAILABLE ON THE CDM:
PIN
change
Use
this service to change your password at regular intervals.
Balance
Enquiry
Expecting
an inflow of funds in your account? Use this service to check the current
available balance in your account. This service is available on the main option
screen after swiping your card. You can also ‘Go Green' by selecting the view
option as the balance is displayed on the screen else get a transaction receipt
by selecting print.
Mini
Statement of Account
Keep
track of the transactions in your account by availing this service.
Mini-statement gives you an insight into the last 10 transactions in your
account.
Service
Charges on Cash Deposit through CDMs/State Bank Cash Points (Cash Recyclers)
The
Bank will be levying the following service charges on cash deposits through
CDMs/State Bank Cash Points from 1st October, 2015:
Method
of Deposit Proposed Charge
P-segment
Debit Card (Card Linked Account)
NIL
Debit
Card (Third Party Account)
Rs.
22/-+ST
Cardless
Transaction
Rs.
22/-+ST
SME
Insta Deposit Card/Business Debit Card
Rs.
22/-+ST
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