SBI Increases Cash Deposit Limit in Cdms to Rs. Two Lakhs

Hyderabad, Sept.16: State Bank of India (SBI) announces that now the customers can deposit cash up to Rs. 2,00,000/- (Rupees Two lakh only) through the Cash Deposit Machines/Cash Point in their own accounts through the ATM Debit card and “SME Insta Deposit Card”. The cash deposit limit has been enhanced, from the present limit of Rs. 49,900/-. One more additional feature in the Cash Deposit Machines is that from now on the customers can deposit cash in their loan accounts, Recurrent Deposit accounts, and PPF accounts also, besides the presently permitted Savings and Current accounts. This will enable the customers to avoid long queues at the branches, thus saving their valuable time.