Cash Deposit Machine (CDM) – Near me 2022

A cash deposit machine is very similar to an ATM, through which one can easily deposit their extra cash without being bothered about waiting in long queues at the bank branches. Since the country was introduced to the demonetization spree in the year 2016, the masses faced a lot of distress in changing their existing currency notes in to new ones. At the same time, the banks go through a lot of trouble in handling long queues in absence of sufficient man power. All these reasons kept together paved way for installation of more and more cash deposit machines at maximum number of places.

For decades, people have been standing with filled forms in long queues at bank branches to withdraw and deposit cash. A Cash Deposit ATM enables a customer to deposit cash by using their debit card or with the account number. The money gets credited instantly and the funds can be used for further transactions. Some of the key benefits are as follows:

• Self-service terminal, requires no help from an official
• Instant credit facility, without any delay
• Time saving
• Electronic deposit receipt generates instantly
• Segregation of denomination is also not required

The Cash deposit machines work very similarly to ATMs, a person is required to carry debit cards along with them to deposit cash in their bank account. Here are few steps how one can deposit the cash with the help of a cash deposit machine;

• Step 1 – Insert or swipe the debit card in the machine and enter your secret number to proceed
• Step 2 – From the options available, select ‘Deposit Cash’ option
• Step 3 – On the screen, select the type of your account i.e. ‘Savings’ or ‘Current’ account
• Step 4 – Arrange the currency in a bundle and when asked, insert the cash into the machine
• Step 5 – The machine will display the exact amount and the currency denominations entered
• Step 6 – Select confirm and deposit to proceed with the deposit process
• Step 7 – You will receive the confirmation once the amount is credited to your personal account

Locating the nearest Cash Deposit Machine has never been easier before as it is now. With the help of your smartphone, you can easily locate a deposit machine nearby and deposit your cash without much of trouble. 

One has to make sure that the location service on their smartphone is active. Go to the search bar on your phone and type ‘Cash Deposit Atm near me’, the google automatically picks up your location and displays information regarding cash deposit machines of various banks around you. You can also refine your search by providing a tentative distance that you wish to travel in order to deposit cash. 

If in case you are looking for a cash deposit machine of a specific bank, we have provided the pages of some of the most prominent banks and information related to their cash deposit machines.

The State Bank of India has entered into an arrangement with Map My India to ensure that all customers can easily locate their Branches, ATMs and CDM. By following a few simple steps one can easily locate any of these;

• Log on to the State Bank of India official website
• At the bottom of the page and select ‘Important links’
• Under this list, select ‘CDM Locator’
• Click on the ‘View CDM locations’ link and click on proceed
• Once directed to Map my India SBI finder page, select CDM amongst other options
• Enter your preferred city and nearby location 
• As the result, you will the entire list of cash deposit locations nearby

The HDFC bank, being the most valued private bank in the country, ensures that the customers are well briefed and have access to all relevant information. If you are looking for an HDFC bank Cash Deposit Machine, go through the following steps;

• Log on to HDFC bank’s official website
• Click on the ‘Locate us’ option
• Enter your desired ‘City’ and ‘Locality’ for Cash Deposit Machine
• On the next page, the exact location of the nearest facility is displayed

1. Axis Bank Cash Deposit Machine Near Me 
2. Kotak Mahindra Bank Cash Deposit Machine Near Me
3. Bank of Baroda Cash Deposit Machine Near Me

Finding an ICICI Bank Cash Deposit Machine has never been easier than it is now. One can also use the Google maps for the same but that displays branches and ATMs. However, finding a CDM through ICICI website is much easier by simply following the steps provided below;

• Log on to the official website of ICICI Bank
• On the top, select ‘Get in touch’
• Under the drop-down menu, select ‘Find an ATM/Branch’
• Next, click on ‘All’, under which choose category ‘Cash Deposit Machines’
• Information regarding the branches having Cash Deposit Machines is displayed
• One can also use the ‘Find’ feature to find CDM at specific locations

 With the help of the quick links provided above, one can easily find out the nearest cash deposit machine. You can also use these pages to locate nearby branches, ATMs and cash POS at various petrol pumps in order to avail of other banking services. 

In order to save more time and energy, we at Afinoz advise you to use more and more digital tools to carry out your daily transactions. There are plenty of online tools available nowadays through which one can easily bypass cash transactions for both personal and business reasons. A few of them are namely Paytm, Mobikwik, Google pay, Phonepe, Oxigen, Freecharge and others.

For business owners in the retail segment, cash is a useful tool for daily activities, and they require to deposit cash daily as it is received. Using cash deposit machines can be less troublesome for them, well at the same time, doing cashless transactions can be even more hassle-free and time-saving.