Good news SBI customers! Deposits and withdrawals. Ahead of the festivals of Dussehra and Diwali, the State bank of India had last month sweetened mood of crores of its customers by increasing the upper cap on the amount one could deposit in a non-home branch. As per SBI’s tweet, in a personal savings bank account, there will be no restrictions on the amount which can be deposited at a non-home branch. SBI has still retained the maximum limit for cash deposits in Agri and SME accounts. The transaction receipt gives the updated account balance. I hope you are clear with all the information mentioned in this article. of cash deposit transactions in a month: 3 transactions free, - Beyond 3 Transactions in a month (Excluding Alternate channel transactions): ₹50 + GST per Transaction. 1800 1037 188 or 1800 1213 721," SBI said in a tweet. SBI has said that if the PAN of the customer is linked / feed with his savings account, then he can deposit cash in his account from non-home branch without any limit. There are many facilities and functions that customers can take or do only in the home branch. I can walk into my bank and cash a personal check for $15,000 OR deposit $15,000 in cash and as long as it is my personal account and they do NOT have to do anything!!! Is there an upper limit for the deposit in a day ? 100 (per transaction) for the first two transactions and Rs. 20/- for rural branches/senior citizens account However, the limit of four ATM withdrawals in a month only applies to the basic savings bank deposit accounts and the Jan Dhan accounts. The machine accepts notes denominations of Rs.100, Rs.500 and Rs.2000. Free cash deposit upto Rs. SBI customer base is over 42 crore and its branches handle a large number of customers, who come to deposit cash in their accounts, every day. There are two scenarios to this question. The per transaction limit is Rs.49,900/- for cardless deposit and through Debit Cards ₹2 lakh (subject to account has PAN number). Cash withdrawal at home and non-home branch; The number of free cash withdrawals at a branch will be dependent on the AMB of your account. After that, the account holder will be charged Rs 50 plus GST for every transaction. SBI changes Cash Deposit Rules for Savings Account. This can also be done from the non-home branch of the bank. Once this account is operational, the already existing Savings Bank Account will have to be closed within 30 days. A customer can deposit as much as they can in their savings account, it can be crores of rupees. Taking into account the current repo rate, SBI savings deposit accounts with over Rs 1 lakh balance are likely to earn lower interest on their savings account in comparison to those with lower balances. What is the maximum amount that can be deposited in SBI (State bank of India ) savings account, using any one of cheque, DD and cash . If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account. Yes, one can deposit check any currency cheque in his or her bank account. State Bank of India also rationalised the interest rate applicable to savings bank deposits to a flat 3 per cent. Cash deposits in savings account will be free for up to 3 transactions in a month. However, these charges are not applicable to small/no frill deposit accounts, the bank stated on its website. SBI customers can also use the cash deposit machine (CDM), which is an ATM-like machine for depositing cash directly into the account using the ATM cum debit card. Cash from non home branch is the branch manager of non-home branch deposit machine: know maximum. 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