If you think that the cash deposit machine installed outside the bank is only for depositing red, green, and yellow notes, then just change your mind. When you know about the advantages of this machine, then you will feel that it is not really a machine but a complete bank. Yes. A cash deposit machine can handle much of your work in a pinch, for which you have to hang in the bank line for hours. Till now we have been doing this that even after the bank is closed, immediately go to the cash deposit machine and deposit our money with or without the card. Immediately you get the slip and you get to know with satisfaction that so much money has been deposited in such an account.

But is the job of a cash machine only to deposit money? No. It's not like that. There is also a great facility that if your ATM does not work, you can withdraw money from the same cash deposit machine. The method of withdrawal is the same as in an ATM. Talking about other benefits, you can deposit PPF, RD, and loan money in the cash deposit machine. With this cash deposit machine, you can deposit money in your loan account. There is no need to go to your bank for this.

SBI cash deposit machine

Cash Deposit Machine ie Cash Deposit Machine known as the Automatic Deposit Cum Withdrawal Machine (ADWM) is an ATM-like machine that allows you to directly deposit cash into your account using ATMs and Debit cards. You can use this machine to deposit money in your account instantly without visiting the branch. You will get the transaction receipt instantly. In State Bank's cash deposit machine, you get many facilities at once-

Instant cash deposit in your account

  • Paperless transaction
  • 49,900 can be deposited in the machine without a card and a maximum of Rs 2 lakh can be deposited with the card. Your account must be PAN linked to deposit 2 lakhs
  • You can deposit money in PPF, RD, and loan accounts
  • 200 currency notes can be deposited in one go
  • You can deposit notes of 100, 200, 500, and 2000 rupees in the cash deposit machine. 10, 20, or 50 notes will not be deposited

Other Features of Cash Deposit Machine

  1. You can withdraw cash from this SBI machine as well as other bank accounts
  2. You can use this service to change your card PIN or password.
  3. With the help of this machine, you can know the balance of the bank account. Whether you want to see the balance on the screen or you can also take its slip
  4. You can see the list of the last 10 transactions in the mini statement
  5. Withdraw up to Rs 20,000 from a cash deposit machine using the YONO Cash app