SBI customers' alert: Now, withdraw and deposit cash and avail key banking facilities with this machine—Here's how

The state Bank of India, Country's largest lender, has introduced a new facility, keeping in mind customers convenience. This facility helps customers avoid long queues and rush at banks to avail key banking facilities.

This is aimed at enhancing customers banking experience and attract more new customers into the fold of already-huge customer base of the public sector bank. Source: Reuters

The state Bank of India, Country's largest lender, has introduced a new facility, keeping in mind customers convenience. This facility helps customers avoid long queues and rush at banks to avail key banking facilities. This is aimed at enhancing customers banking experience and attract more new customers into the fold of already-huge customer base of the public sector bank.
The SBI has launched Automated Deposit and Withdrawal Machine (ADWM) that allows the SBI customers to deposit and withdraw cash and avail other key banking facilities too. Though cash is withdrawn from ADWM like an ATM, you can also deposit cash in ADWM.

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"Why to stand in a queue when you can avail key banking facilities on an ADWM near you?" SBI tweeted from its official Twitter handle.

The Automated Deposit and Withdrawal Machine (ADWM) is an ATM-like machine from which customers can deposit cash directly into other customers' accounts using an ATM debit card. Without going to the branch, customers can use this machine to deposit money in the account immediately and withdraw cash. Today, the use of these machines has increased considerably.

SBI ADWM: How to deposit cash
- Go to any SBI ADWM
- Write the details of the account in which you want to transfer the money
- Put the money which you want to deposit on the tray
- Wait for transaction to get successfull
- After few moments, a 'transaction successful' message will come on your screen.

SBI ADWM: Top Features
-Quick and convenient cash deposit and withdrawal transactions
- Paperless transaction
-Cash deposit and withdrawal both facilities available
-You can also deposit cash in your PPF, RD, and loan accounts
-Cash deposit - Instant credit into self or third party SBI accounts
-The per transaction limit is Rs 49,900 for a Cardless deposit and through Debit Cards Rs 2 lakhs (subject to account has ceded with PAN number).
-The ADWM only accepts denominations of Rs 100, Rs 200, Rs 500 & Rs 2000
-No charges for depositing cash in a self account using the SBI debit card
-A nominal fee of Rs 22 plus GST for cardless deposit and on cash deposit using SME Insta/Business debit card

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