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Looking for the nearest Indian bank cash deposit machine (CDM) to deposit cash? Here is an introduction about Indian bank CDMs along with answers to 5 frequently asked questions.
A CDM or cash deposit machine is an automated teller provided by banks that allows customers to deposit cash and cheques into their accounts without having to visit a bank branch.
You can check the Indian bank website or mobile app for a CDM locator feature. Enter your address or pincode to find CDM locations near you.
Most Indian bank CDMs accept maximum cash deposit of Rs. 50,000-1,00,000 per day. Always check your individual bank's deposit limits which may vary.
Yes, in addition to cash many Indian bank CDMs also accept deposit of account payee cheques.
CDMs operated by Indian banks are usually accessible 24/7. However, deposit made after cutoff time may be credited on next working day.
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