Federal Bank is one of the oldest and reliable private banking institutions in India. The Bank is known for its international reach among the Indian diaspora and for its friendly environment.
Federal Bank has won many accolades for its innovative products like Scan and Pay etc.
As part of the transformation into a 21-century banking unit, they have installed CDM’s all across the country.
This article goes over how you can find Cash Deposit Machine near your vicinity.
Federal Bank Cash Deposit Machine Near Me
Steps to find Federal Bank Cash Deposit Machine(CDM) Near Me:
- Go to Federal Bank official website.
- Head up to the personal navigation bar and go to the Ways to bank section.
- Under the ATMs section, go to the Cash Deposit Section.
- Scroll down to the To Know about section and click on Locate Nearest Cash Deposit Machine.
- Click on the CDM option and search for the Branch/ATM/CDM/KIOSK you want to go to.
- You can do an advanced search with the state and district option.
- The results will show up on the left side of the website.
Direct link for Federal Bank CDM Locator: LINK
Federal Bank CDM Deposit Limit
If you are making a cashless deposit, you can put up to 49,990/- rupees in an account.
You can use a CDM with a debit card( pan card registration required) and put up to 2 lac rupees in a single day.
Federal Bank CDM Charges
- Federal Bank provides the facility to deposit cash through CDM for free up to Rs 2 lac rupees. You can do 15 small amount transactions with no cost up to the threshold of two lac rupees.
- If you deposit above the amount of 2 lac rupees through CDM, the federal Bank charges Rs 3.25 per thousand rupees in a savings account.
How does a Cash Deposit Machine scan for Counterfeit Currency?
Every Federal Bank CDM is fitted with high-tech sensors and scanners. It helps the machine analyze and differentiate between the two.
What are the key Advantages of a CDM Machine?
1) It is available 24×7,365 days a year and provides great flexibility/convenience.
2) If there is a time boundness to depositing the money, then CDMs are much more useful. You will get instant credit into the bank account with no delays.
3) Removes the hassle of filling up paperwork like a deposit slip and makes it a smooth experience.
Federal Bank is dedicated to serving its huge customer base and bringing ease to Banking. CDM is a huge part of Federal Bank’s overall strategy to stay competitive with other banks.
Go and find the nearest CDM to start depositing money today.