Can You Deposit New Rs. 100 Violet Colored Notes in SBI Cash Deposit Machines?

The recently introduced Rs. 100 violet-colored notes can indeed be deposited into SBI's Cash Deposit Machines (CDMs). These machines are equipped to accept various denominations, including the new Rs. 100 notes. However, as with any new currency, there may be specific conditions and limitations that you should be aware of to ensure a smooth transaction.

Can I Deposit the New Rs. 100 Violet Colored Notes?

Yes, it is indeed possible to deposit new Rs. 100 violet-colored notes into SBI's CDMs. These machines are designed to accommodate a range of currency denominations, and the introduction of the new Rs. 100 notes does not change this. However, to avoid any issues, it is always advisable to check for any specific instructions or limitations provided by your local SBI branch. Policies can vary slightly from one branch to another.

CDM Configuration and Note Condition

As of now, SBI is yet to configure its CDMs to accept the newly issued Rs. 100 notes efficiently. This means that while you can deposit these notes, the process may take a little longer than usual to ensure smooth functioning. The SBI team is working to update the machines, so this situation is expected to improve in the near future.

Even with the current setup, the integrity of the notes is crucial. The notes must be in good condition and readable by the machine. Any soiled or damaged notes that may cause the machine to fail should be deposited at a counter instead.

Deposit Limits and Procedures

When using a CDM for a cardless deposit, you can deposit a maximum of 200 notes per transaction, which amounts to a total of Rs 49,900. If you are using a debit card that has a PAN number, you can deposit up to Rs 200,000 per transaction.

Here are the key points to remember:

Cardless Deposit: Maximum 200 notes per transaction, up to Rs 49,900. Debit Card Deposit (with PAN): No limit, up to Rs 200,000 per transaction.

It is important to note that these deposit limits are in place to ensure the security and functionality of the CDMs. If you are attempting to deposit a larger amount, you may need to use the counter service.

Conclusion

While the new Rs. 100 violet-colored notes can be deposited into SBI's CDMs, it is essential to be aware of the current configuration and the limitations it poses. Checking with your local SBI branch and adhering to the specified deposit procedures will help ensure a seamless transaction. As usual, maintaining the condition of the notes and following the guidelines for depositing larger amounts will make the process much smoother.