Introduction
SBI cash deposit charges savings account depend on the number of transactions and monthly deposit limits. State Bank of India allows a few free cash deposit transactions every month, after which service charges may apply. Customers can deposit cash through home branches, non-home branches and cash deposit machines (CDM).
Cash Deposit Charges Table
| Rule | Amount / Limit |
| Free Cash Deposit Transactions | 3 per month |
| Charges After Free Limit | ₹50 + GST per transaction |
| Non‑Home Branch Deposit Limit | Up to ₹2,00,000 per day |
| CDM Deposit Limit | Up to ₹2,00,000 per day |
How to Avoid Cash Deposit Charges
To avoid extra charges, customers should deposit cash within the free monthly limit and reduce the number of transactions.
SBI Cash Deposit Rules Explained
SBI savings accounts usually allow a small number of free deposits each month. Customers who deposit cash frequently should combine deposits into fewer transactions to avoid extra charges.
Example of SBI Deposit Charges
For example, if a customer deposits cash five times in a month, the first three transactions may be free while the remaining deposits may attract the service charge.
FAQ
Q: What is the cash deposit limit in banks?
A: Most banks allow a free monthly cash deposit limit in savings accounts. After exceeding the limit, banks may charge per transaction.
Q: Do banks charge for every cash deposit?
A: No. Most banks provide a few free deposit transactions every month before applying charges.
Q: What is the CDM cash deposit limit?
A: Many banks allow cash deposits up to around ₹2 lakh per day using Cash Deposit Machines (CDM).
Q: How can customers avoid deposit charges?
A: Customers can avoid charges by staying within the free deposit limit and reducing the number of deposit transactions.