ATM money deposit limits: With the introduction of contemporary banking applied sciences, prospects now have the comfort of depositing money straight into their accounts utilizing designated ATMs, with out the necessity to go to a financial institution department.
The Automated Deposit cum Withdrawal Machine (ADWM) is a specialised ATM that permits prospects to deposit money into their accounts utilizing their ATM or debit card.
The money deposit limits for these machines differ relying on the financial institution and whether or not the client’s Everlasting Account Quantity (PAN) is registered with the financial institution.
As reported by ET, based on the SBI web site, “The Money Deposit Machine, higher often called Automated Deposit cum Withdrawal Machine (ADWM) is an ATM like machine that permits you to deposit money straight into your account utilizing the ATM cum debit card. You should use this machine to immediately credit score your account with out visiting the department. The transaction receipt additionally provides you your up to date account steadiness.”
ATM Money Deposit Restrict for SBI:
As of September 24, 2024, the per transaction restrict for SBI’s cardless deposit is Rs. 49,900/-, whereas the restrict for deposits made utilizing a debit card is Rs. 2.00 lakh, supplied the account is seeded with a PAN quantity.
Prospects also can use the ADWM to deposit money 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 Money Deposit Restrict for HDFC Financial institution:
HDFC Financial institution has set particular limits for money deposits by means of their ATMs. For financial savings accounts, the utmost quantity that may be deposited per transaction is Rs 25,000, whereas for Card Based mostly Deposits, the restrict is Rs 1 lakh. There’s a day by day restrict of Rs 2 lakh.
The money deposit machines at HDFC Financial institution are designed to just accept denominations of Rs 100 (each new and outdated notes), Rs 200, Rs 500, and Rs 2000. It is very important be aware {that a} most of 200 notes might be deposited in a single transaction. These money deposit machines are completely out there for depositing cash into HDFC Financial institution accounts.
ATM Money Deposit Restrict for Union Financial institution of India:
Union Financial institution of India additionally presents money deposit providers by means of their Money Recycler Machines (CRMs). In line with the Union Financial institution web site, “Money Recycler Machine is able to accepting and shelling out a number of notes concurrently. CRMs settle for a most 200 forex notes of Rs. 50,100, 500 and 2000 denominations per transaction and most worth of Rs. 49999. On PAN card validation further quantity as much as Rs.100000/- might be deposited per transaction. CRM impounds any counterfeit forex and such notes are usually not returned to the depositor. Money deposit and withdrawal is allowed to NFS member financial institution cardholders by CRM. Money withdrawal function is much like ATM in CRMs.”
These CRMs present a handy manner for patrons to deposit and withdraw money, with particular limits and safety measures in place to make sure the integrity of the transactions.
ATM Money Deposit Restrict for Financial institution of Baroda:
Prospects 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 day by day restrict is Rs 49,999/-. Card-less transactions, which require feeding the account quantity, have a day by day restrict of Rs 20,000/-.
ATM Money Deposit Restrict for PNB:
“PNB Money Acceptor cum ATM or Bulk Notice Acceptor is a extremely environment friendly multi-function kiosk, meant for accepting money for deposit within the account (for PNB solely) in addition to dispensation of money and all different ATM features.”
The machine accepts denominations of 500, 200, and 100. Prospects 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 restrict is Rs. 49,900/-.
