A cash deposit machine is similar to an ATM in that it allows people to deposit their spare cash without having to wait in huge lines at bank branches. Since the country’s demonetization campaign began in 2016, the public has been in a lot of pain trying to exchange their old currency notes for new ones. At the same time, banks are having a difficult time dealing with huge lines due to a lack of manpower. All of these factors combined opened the way for the installation of a growing number of cash deposit machines in a wide range of locations. You can find more detailed knowledge about CDM at Afinoz.
Features and Benefits of CDM’s
For decades, people have waited in enormous lines at bank branches with filled-out documents to withdraw and deposit cash. A customer can deposit cash with their debit card or account number at a Cash Deposit Machine. Money is instantly credited and can be utilized for future transactions. The following are some of the most important advantages:
- Self-service terminals do not require assistance from an official Instant credit facility and can be used immediately.
- Saving time
- Instantly generates an electronic deposit receipt
- It is also not necessary to separate by denomination.
How do I use a Cash Deposit Machine to deposit cash in my hand into my account?
Cash is a crucial instrument for daily activities for retail shop owners, and they must deposit cash as it is received daily. Using cash deposit machines is less inconvenient for them; nevertheless, completing cashless transactions is much more convenient and time-saving.
Cash deposit machines work similarly to ATMs in that they require the user to have their debit cards on hand to deposit cash into their bank account. The following are a few steps to depositing cash using a cash deposit machine:
- Step 1: To get started, insert or swipe your debit card into the machine and enter your secret number.
- Step 2 – Select ‘Deposit Cash‘ from the list of possibilities.
- Step 3 – On the screen, select the sort of account you want to open, such as ‘Savings’ or ‘Current’.
- Step 4 – Arrange the money in a bundle and enter the cash into the machine when prompted.
- Step 5 – The machine will display the precise amount as well as the entered currency denominations.
- Step 6 – To complete the deposit process, select confirm and deposit.
- Step 7 – Once the funds have been credited to your account, you will receive confirmation.
Where can I find a Cash Deposit Machine near me?
- It’s never been easier to find a Cash Deposit Machine near me than it is now. With the help of your smartphone, you can quickly identify a nearby deposit machine and deposit your money with minimal effort.
- It is necessary to ensure that the location service on one’s smartphone is turned on. When you input “Cash Deposit Machine near me” into your phone’s search bar, Google detects your location and offers information about cash deposit machines from multiple banks in your area. You can also narrow down your search by specifying a rough distance you want to travel to deposit cash.
- If you are seeking a certain bank’s cash deposit machine, we have included links to the website of some of the most well-known banks as well as information on their cash deposit machines.
SBI Cash Deposit Machine
The State Bank of India has partnered with Map My India to make it easier for clients to find their nearest branches, ATMs, and CDM. Any of them can be easily located by following a few easy steps:
- Go to the official website of the State Bank of India.
- Select ‘Important links’ at the bottom of the page.
- Select ‘CDM Locator’ from the drop-down menu.
- Click on the ‘View CDM locations’ link and then on the ‘Continue’ button.
- Select CDM from the list of possibilities once you’ve been sent to the Map my India SBI finder page.
- Choose a city and a location in the area that you want to visit.
ICICI Bank Cash Deposit Machine
As a consequence, you’ll have access to a comprehensive list of cash deposit places in the vicinity of ICICI Bank Cash Deposit Machine near me.
It’s never been easier to locate an ICICI Bank Cash Deposit Machine than it is now. You may also use Google Maps for a similar purpose, however, it just shows branches and ATMs. Finding a CDM on the ICICI website, on the other hand, is much simple if you follow the methods outlined below.
- Go to the ICICI Bank’s official website.
- Choose ‘Get in touch from the drop-down menu at the top.
- Select ‘Find an ATM/Branch’ from the drop-down option.
- Then, under ‘All,’ select the category ‘Cash Deposit Machines.’
- The locations of the branches with Cash Deposit Machines are listed.
- The ‘Find’ functionality can also be used to locate CDM in specified areas.
HDFC Bank Cash Deposit Machine
As the country’s most valuable private bank, HDFC guarantees that customers are fully informed and have access to all necessary information. Follow the procedures below if you’re looking for an HDFC bank Cash Deposit Machine:
- Go to the official website of HDFC Bank.
- Select the ‘Locate us’ option.
- Enter the desired Cash Deposit Machine’s ‘City’ and ‘Locality.’
- The actual location of the nearest facility is shown on the following page.
- Nearby Axis Bank Cash Deposit Machine
- Kotak Mahindra Bank Cash Deposit Machine near me
- Nearby Bank of Baroda Cash Deposit Machine
- Nearby ICICI Bank Cash Deposit Machine
Conclusion:
The short links provided above can be used to quickly locate the nearest cash deposit machine. You can also utilize these links to find ICICI Bank and Kotak Mahindra Cash deposit machine near me nearby branches, ATMs, and cash POS at different gas stations to take advantage of other financial services. Afinoz recommends that you utilize more and more digital tools to complete your daily transactions to save time and energy.