So, basically, a home branch is a branch where the customer's account is maintained. And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied.
Generally, no, you cannot. You can deposit cash in your bank account only through your bank's CDM. But of course you can deposit cash at a CDM in one branch of the bank if you have an account in another branch of the same bank.
The maximum limit for deposit of cash at Non-Home branch is Rs 2 lakh per day. Thereafter, Branch Manager of Non-home branch is vested with the powers to accept more cash. Non-home branches do not issue duplicate fixed deposit receipts for those who do not have an account with the SBI.
If you belong to a regional or national bank, you can make a deposit at any branch. If you are part of a credit union, you can make a deposit at your home credit union or another branch if your credit union is part of a larger network. ... Place your cash and deposit slip in an envelope.
No, you can only deposit cash at specific ATM's that are especially set up to accept deposits. Also, the ATM you use must be owned by or in partnership with your bank or credit union. In order to make sure you use the right ATM, I suggest checking with your bank via phone or online.
When a cash deposit of $10,000 or more is made, the bank or financial institution is required to file a form reporting this. This form reports any transaction or series of related transactions in which the total sum is $10,000 or more. So, two related cash deposits of $5,000 or more also have to be reported.
The amount can be transferred to any bank branch which is listed in the system and has an IFSC code number. If the beneficiary branch is not listed, then a DD (Demand Draft) on the nearest branch must be purchased and sent.
Originally Answered: Can I deposit money at a different bank? Yes as long as it's your same company but a different branch.
You can deposit cash at many ATMs, but not all of them. There's no hard-and-fast rule regarding ATM cash deposits—it's at the discretion of the bank or credit union. But many institutions allow cash deposits at a branch or in-network ATMs. You may know that most banks have ATM withdrawal limits.
As per an order of the Department of Post, investors can deposit cheques at any non-home branch towards their small savings scheme including Public Provident Fund (PPF), Sukanya Samriddhi Account (SSY), post office Recurring Deposit (RD) and savings account.
You can withdraw up to Rs 50,000 per day from a non-home branch, the limit is capped at Rs 1 lakh for current account holders by SBI. The maximum amount of funds that can be deposited at an SBI non-home branch in a single day is Rs 2 lakh.
Cash withdrawal limit has been enhanced to ₹ 1 lakh for customers using cheque at non-home branches if they withdraw the money themselves. While, cash withdrawal by cheque for third party has been enhanced to ₹ 50,000 per transaction, State Bank of India tweeted.
Typically, you cannot make deposits to another bank's ATM. If you don't have an account at a given bank, you can often make withdrawals (for an extra fee), but you can't make deposits.
Insert your cash into an envelope if one is provided, and write any information indicated on the envelope. Insert the cash and/or checks into the machine when prompted. Wait for your receipt. Keep it in a safe place in case there's a problem with your deposit.
Federal law governs the reporting of large cash deposits. ... Depositing a big amount of cash that is $10,000 or more means your bank or credit union will report it to the federal government.
In the US, deposits of more than $10,000 in cash must be reported to the IRS. As long as the money is legal, that is not a problem. Banks MAY report smaller deposits as well. Note that intentionally structuring deposits to avoid hitting the limit is itself a crime.
No bank has any limit on what you deposit. The $10,000 limit is a simply a requirement that your bank needs to notify the Federal government if you exceed. That's all.
As often as you can get $10,000. There's no law forbidding transactions over $10,000. Rather, the bank is required to file a “suspicious transaction report” with FinCEN (the US Treasury). As long as you obtained the money legally, you don't have to worry about this though.
Answer – Yes, you can deposit cheque in any branch of SBI in India.
No. RTGS and NEFT services are enabled only in specific bank branches across the country.
ICICI Bank allows one cash deposit transaction in a month by either the customer or his representative in a non-home branch. Beyond that, deposits at non-home branch accounts are charged Rs 5 per thousand rupees. ... This will allow account holders to make deposits in any machine.
An individual cannot deposit more than Rs. 1.5 lakh to a given PPF account, in a year. The increase is provided to make the scheme more lucrative to people.