The Cash Deposit Machine, better known as Automated Deposit cum Withdrawal Machine (ADWM) 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.
Features of Automated Deposit cum Withdrawal Machine
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/- for Cardless deposit and through Debit Cards Rs. 2.00 lacs (subject to account has ceded with PAN number).
- You can also deposit cash in your PPF, RD and Loan accounts
- Upto 200 currency notes can be deposited in a single transaction
- The ADWM only accepts denominations of Rs.100/-, Rs.200/-, Rs.500/- & Rs.2000/-
Steps to deposit cash in SBI ATM
To deposit cash in SBI ATM, you need to follow the steps mentioned below:
Step 1: Search for an SBI ATM located near you and ensure it has a cash deposit function.
Step 2: Insert your debit card into the SBI ATM slot.
Step 3: Now, enter your debit card’s PIN and select the cash deposit option.
Step 4: Now, enter the cash amount you want to deposit.
Step 5: Select the type of account you have and then click confirm option.
Step 6: Now, you can deposit your money in the designated cash slot.
By following these simple steps, you can easily deposit cash in SBI ATM.
Related News: The RBI now allows customers to deposit cash at bank ATMs without using a debit card
ADWM Usage Tips
Here are some usage tips for Automated Deposit cum Withdrawal Machine (ADWM):
- Machine can be used for depositing and withdrawing cash.
- Machine facilitates card-based OR card-less cash deposit and withdrawal transactions.
- Cash should NOT be folded.
- NO COINs to be placed in the cash slot.
- PIN, Tape, thread, rubber band etc. must NOT be attached with cash, else machine will be out of order.
- Cash should be free of moisture, oil, dust.
- Acceptable cash denominations by machine: ₹ 100 ₹ 200 ₹ 500
- Maximum acceptable pieces of currency notes in a single deposit are 200 pieces.
- If “Transaction Declined” is displayed by machine, it should not be used by the customer anymore.
- Amount of Fake / counterfeit cash will NOT be credited in the customer’s account.
Service Charges on Cash Deposit through CDMs/State Bank Cash Points
The SBI Bank implemented 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/-+GST |
| Cardless Transaction | Rs. 22/-+GST |
| SME Insta Deposit Card/Business Debit Card | Rs. 22/-+GST |
| GRC card | Rs. 22/-+GST |
Conclusion
SBI is one of the best and most trusted banks in India. If you do not have an existing bank account or want a second bank account, you can choose SBI without any worries. In this blog post, we provided you with information on how to deposit cash in an SBI account, ADWM’s features, usage tips and SBI service charges. If you found this post helpful, make sure to check out the rest of our posts!
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Frequently Asked Questions (FAQs)
Q1. What is the limit of cash deposit in SBI ATM machine?
For cardless deposit, the per transaction limit is Rs.49,900. For deposit through Debit Cards, the limit is Rs. 2.00 lacs.
Q2. What is the difference between ATM machine and ADWM Machine?
ADWM machine is used for both depositing and withdrawing money. However, ATM machine is only used for withdrawing money.
Q3. Can we withdraw cash through ADWM Machine?
Yes, you can not only deposit money through ADWM machine but also withdraw it.
Source : SBI