Automated Deposit cum Withdrawal Machine (ADWM) is a type of ATM like machine, through which customers can deposit their money in the account without visiting the branch of the concerned bank. Let us know what is the limit of SBI, PNB and Union Bank.
ATM Cash Deposit Limit: Every day new innovations are taking place in the technology sector in the country, the impact of which has increased significantly in the life of the common man. In the beginning of September, the Reserve Bank of India announced a new facility, through which the facility of depositing cash in ATMs will be available through Unified Payments Interface (UPI). This new feature UPI Interoperable Cash Deposit (UPI-ICD) was unveiled by the Deputy Governor of the Central Bank T Rabi Shankar. Meanwhile, some specific banks have changed the cash deposit limit in ATMs. If your bank account is not linked to the PAN card, then this limit will be different. Let us tell you that Automated Deposit Cum Withdrawal Machine (ADWM) is a type of ATM-like machine, through which customers can deposit their money in the account without going to the branch of the concerned bank.
This is the limit for PNB customers
Punjab National Bank customers can deposit a maximum of Rs 1,00,000 or a total of 200 notes in a day through Automated Deposit Cum Withdrawal Machine (ADWM). If the account holder has a PAN linked to his account, then Rs 1,00,000 can be deposited, while account holders without PAN link can deposit only Rs 49,900/-.
Cash Deposit Limit in Union Bank of India
Union Bank of India customers can deposit a maximum of 200 notes in a day through ADWM machine. If your bank account is not linked to PAN card then you can deposit Rs 49999 in cash, whereas if PAN card is linked then you are allowed to deposit an additional Rs 100000.
SBI customers can deposit this much cash every day
At the same time, State Bank of India customers can deposit Rs 49,900 in a day through ATM machine through cardless facility, while up to Rs 2 lakh can be deposited through debit card. Apart from this, you can also deposit cash in your Public Provident Fund (PPF), RD and loan accounts. State Bank of India allows depositing 200 notes per day. Let us tell you that through Automated Deposit Withdrawal Machine i.e. ADWM, customers can deposit only notes of 100, 200, 500 or 2000.
