If you are a customer of the country’s largest bank SBI, then this news is for you. Actually, there is such a rule of SBI, under which if someone else has deposited money in your bank account, then money will be deducted from your account.
This rule is applicable for depositing money from Cash Deposit Machine ie CDM. If someone has deposited money in your bank account through CDM, then money will be deducted from your account. Let us tell you that once the money is deposited, up to Rs 25 is deducted from the account of the account holder. It also includes GST.
How is this machine: According to the information given on the website of SBI, it is a machine like an ATM. This allows you to deposit cash directly into your account using an ATM or debit card. You can use this machine for instant credit to your account without visiting the branch. Transaction receipt is also available.
 Method of Deposit                  Proposed ChargeÂ
- Account linked to P-Khand Debit Card Card)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 0
- Debit Card (Third Party Account)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Rs.22/- + GST
- Card less Transaction                                Rs.22/-GST
- SME Insta Deposit Card / Business Debit Card              Rs.22/-GST
- GRC card                                        Rs.22/-GST
These are the advantages:
- Money comes in your account immediately.
- Paperless Transactions
- The limit per transaction is Rs 49,900 and through Debit Card is Rs 2.00 lakh (provided
- PAN number is entered in the account).
- You can also deposit cash in your PPF, RD and loan accounts.
- Up to 200 currency notes can be deposited in a one-time transaction.
- CDM accepts only notes in denominations of Rs.100/-, Rs.500/- and Rs.2000/-.
- You get information about the last 10 transactions in your account.
