SBI ATM Deposit Limits: Understanding Cash Deposit and Withdrawal Rules

The process of depositing cash at SBI ATMs and Cash Deposit Machines (CDMs) is something many customers frequently inquire about. ATM deposit limits vary based on the type of account and can change, making it important to stay updated with the latest information. Below, we'll explore the current deposit and withdrawal limits at SBI ATMs and provide tips on how to check the most recent guidelines.

Understanding SBI ATM Deposit Limits

The maximum amount you can deposit at an SBI ATM varies based on the type of account you hold. Generally, the limits for cash deposits are as follows:

Savings Accounts

For savings accounts, the maximum cash deposit limit is usually Rs 10,000 per transaction with a cumulative daily limit of Rs 25,000. However, it's important to note that these limits can change and it's a good idea to check with the nearest SBI branch or their official website for the most current information. Additionally, different types of ATMs or account types may have different limits.

Current Accounts

For current accounts, the limits can be higher, often allowing deposits up to Rs 50,000 per transaction.

Other Special Accounts

Barring no-frill accounts such as Jan Dhan Yojna and other special accounts, any amount can be deposited in a regular account. However, it's always advisable to verify the latest deposit limits with SBI's official channels.

Using SBI Cash Deposit Machines (CDMs)

In addition to ATMs, SBI has installed Cash Deposit Machines (CDMs) at various branches which allow deposits up to Rs 49,900 per transaction. These machines provide an alternative for customers who prefer to make deposits using these machines rather than ATMs. The availability of CDMs can vary by location, so it's useful to check with your nearest SBI branch or the official SBI website to locate the nearest CDM.

Important Notes

ATM machines are currently not enabled for cash deposits in SBI. Instead, customers can deposit cash up to Rs 50,000 per day through CDMs, which are available at some centers mostly in major cities across India. To find the availability of the nearest CDM, you can check with your nearest SBI branch or use the helpline number provided by SBI.

SBI Withdrawal Limits

While SBI ATM deposit limits are an important topic, it's also essential to understand the withdrawal limits. Standard account holders can withdraw up to Rs 40,000 per day from ATMs. Platinum card holders, however, may have a higher withdrawal limit of Rs 50,000 per day in certain banks.

Staying Informed

It's important to stay informed about the latest deposit and withdrawal limits at SBI. Regularly checking SBI's official website or contacting customer service can be very helpful. Additionally, most SBI branches are equipped to provide the most up-to-date information on any account-related queries.

In conclusion, while the current limits for cash deposits at SBI ATMs and CDMs are clearly defined, it's crucial to stay updated with any changes. This ensures that you can efficiently manage your cash deposits and withdrawals within the permissible limits.