How to deposit a cheque in SBI bank

A bank cheque is still an important mode of payment in India. Filling a cheque book and paying it to a person is still a thing and widely used trusted method of payment. In this digital era, depositing a cheque is found very inconvenient to some peoples. But some banks have come up with the smart solutions to deposit a cheque. In this guide, we see how to deposit a cheque in SBI bank, which will shorten your time spend in the bank.

How to deposit a cheque in SBI bank

Things required to deposit a cheque in SBI bank

  1. Your account number – You must know your account number
  2. Debit card – ATM/Debit card must be with you to use a CDM machine.

How to deposit a cheque in SBI Bank via CDM machine

A Cash Deposit Machine (CDM) is a cheque collection machine which is similar to ATM. You need to insert your cheque into the machine and verify your account details.

  1. Go to the nearest CDM of SBI and insert your SBI debit card.
  2. Input the PIN of your debit card.
  3. Now, insert the cheque as shown in the image on the screen of the CDM. Orientation should be the same as shown in the image.
  4. Before inserting the cheque, make sure that cheque doesn’t have any fold on the corner or fold in the middle. If so, make it straight and then insert the cheque.
  5. After inserting cheque, the image of the cheque will be shown on the screen. Confirm the cheque is correctly scanned and press the CONFIRM button.
  6. Now, you will get the printed receipt of the cheque with cheque number mentioned in it. Verify the details and then leave the machine.
  7. Within three working days, you will receive money in your account.

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To get the cash credited on the same day follow this method –

  1. Go to the SBI branch in which you have the account.
  2. Ask for cheque deposit slip on the helpdesk.
  3. Fill the cheque deposit slip with your account number, cheque number, cheque issuing bank, branch name, etc.
  4. Make sure to mention the PAN card number if the amount is greater than 50,000 Rs.
  5. Attach this slip to your cheque and submit it to deposit counter.
  6. In the same day, your money will be credited in your account if the cheque is found in order.

Must Read – How to transfer sbi account to another branch online/offline

Frequently Asked Questions about SBI cheque deposit

1. Can I deposit Cheque in any branch of SBI?

Answer – Yes, you can deposit cheque in any branch of SBI in India. Just make sure that there are two sections in the dropbox- local cheques and outstation cheques. Drop the cheque in the correct compartment.

2. How do I deposit a Cheque?

Answer – First look for CDM machine in the bank it’s very convenient to deposit the cheque into the CDM. secondly use the cheque dropbox located in the bank branch, fill up the slip attach it with the cheque and drop in the dropbox. Thirdly, deposit the cheque on the counter along with a filled slip.

3. What is the fastest way to deposit a check?

Answer – The fastest way to deposit a cheque and get the money is the cheque writers bank. Go to the bank which issued the cheque and get the money in cash. This will only work if the cheque is bearer only. For cross-cheque you will need to go to your bank branch and deposit the cheque to get the money on the same day in your account.

4. How can I deposit a check online?

Answer – There is no such service available in India as of writing this article. The easiest way to deposit cheque safely is the CDM.

5. Can you make a check clear faster?

Answer – Yes, you can get the money deposited on the same day if you submit the cheque in the same branch where your account is maintained.

6. How can I deposit a check without going to the bank?

Answer – You can use a Cheque deposit machine (CDM) to avoid going to the bank. CDM’s are generally located near ATM’s but not as much as ATM. Find your nearest CDM for faster cheque deposit process.

Must Read – SBI cheque book request through SMS in 5 minutes

Summary

In this guide, we have seen how to deposit a cheque in SBI bank. If you have any doubts/queries regarding the information provided in this article, write to us in the comment section below.

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8 Comments

  1. Already cheque deposit 2days ago
    Other bank cheque but maintain sbi account
    So …

  2. What happens if by mistake we entered the worng date as mentioned in the check in the machine then what will happen

  3. If you have a cheque with the same branch then you can directly submit the cheque to the “cheque accepting Counter” and don’t deposit to CDM. In this way, your cheque will be cleared on the same day

  4. Why SBI takes 3 working days if the cheque deposited in CDM even if the cheque issued and payee having account in same branch?