If you are new to the world of banks, then you might find the whole process of depositing money cumbersome. Filling a deposit slip can be confusing with the tick marks and information to be entered. This blog clears up the whole process and helps you learn about deposit slips.
What Is A Deposit Slip?
A deposit slip is simply a form that must be filled out when depositing the money to the cashier. It is required for the bank to know who is depositing the money and their credentials. Therefore, the deposit slip is crucial to the banking system, ensuring that the money is not misplaced.
How To Fill Indian Bank Deposit Slip?
Steps to fill Indian Bank Deposit Slip:
- Step 1: First, go to the bank and obtain a deposit slip from a bank employee.
- Step 2: Fill in all the information like Branch details, the account number, the amount that is deposited, and the payee’s name.
- Step 3: You are required to fill in both the branch copy and the user copy, so ensure you’ve filled all the boxes.
- Step 4: If you are depositing money into somebody else’s account, fill in the remitter portion of the slip.
- Step 5: At the back of deposit slips fill in the denominations and number of notes being deposited.
- Step 6: Take the slip to the cashier, and he will deposit your amount.
How To Deposit Cash In Cash Deposit Machine?
Steps to deposit cash in CDM:
- Step 1: Go to your nearest CDM by searching online or through the maps.
- Step 2: You can either use a Debit card with a four-digit pin code or go cardless by filling in the account number.
- Step 3: Choose a savings or current account to deposit your money in.
- Step 4: Put your money into the machine, and CDM will show the amount it counted with Denomination.
- Step 5: Press enter, and the money will get credited in.
- Step 6: You will get a Deposit slip with the account info, cash amount, and denominations.
Important Note:
- Follow the guidelines carefully on the deposit slip and write in the exact format required.
- Fill in all the required portions and avoid making mistakes. The cashier may not accept one, and you will be required to re-write.
Deposit Slips are quite easy to fill once you’ve gone through the process yourself. Learning about the basics of Banking is an essential part of money management.
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