Cash Deposit Limit in SBI Savings Account: Customers can deposit unlimited cash in the Personal Savings Account of State Bank of India (SBI). Cash Deposit Transactions: Savings Bank (Including SURABHI Savings Bank account; Excluding Financial Inclusion account): - No. It bagged the 236th rank in the Fortune Global 500 list of the world’s biggest corporations. SBI has said that if the PAN of the customer is linked / feed with his savings account, then he can deposit cash in his account from non-home branch without any limit. This can also be done from the non-home branch of the bank. However, the cap of Rs 2 lakh per day for deposit at the non-home branch by SMEs remains. SBI offers the same interest rates on deposits in BSBD accounts as applicable to regular savings bank accounts. Home branch is the branch where a customer has opened his/her bank account. If the combined amount deposited in an account exceeds Rs 2.5 lakh, the depositor will have to mention his PAN. 20/- for rural branches/senior citizens account Your email address will not be published. Here is latest news update on Mumbai-Ahmedabad High Speed Rail, UPSC Recruitment 2020: Result for these written examinations declared - Check full list of roll numbers, Stock market: Record-shattering gains, 50k BSE peak - What lies ahead? All other branches are considered non-home branches. Take your cash and go to the cash counter and deposit cash in SBI account. Is there an upper limit for the deposit in a day ? Once this account is operational, the already existing Savings Bank Account will have to be closed within 30 days. SBI changes Cash Deposit Rules for Savings Account. However, there is no physical branch but you can withdraw and deposit cash at 5 lac+ banking points. Banks like SBI have different slabs when it comes to maintaining minimum balance in savings account. If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account. Banks like SBI have different slabs when it comes to maintaining minimum balance in savings account. India's largest public lender had informed the decision in a tweet, saying, "Good news SBI customers! Ahead of the festivals of Dussehra and Diwali, the State bank of India had last month sweetened mood of crores of its customers by increasing the upper cap on the amount one could deposit in a non-home branch. The transaction receipt gives the updated account balance. Features of OBC Basic Savings Bank Deposit Account. SBI charges Rs 50 (plus GST) per transaction on cash deposits at non-home branches, as per official website of the bank. However, there is no physical branch but you can withdraw and deposit cash at 5 lac+ banking points. 3.25 per cent, according to the bank's website. A customer can deposit as much as they can in their savings account, it can be crores of rupees. What is the maximum amount that can be deposited in SBI (State bank of India ) savings account, using any one of cheque, DD and cash . State Bank of India (SBI), the country's largest lender, offers income tax benefits under a special type of fixed deposit (FD) scheme. Cash deposits in savings account will be free for up to 3 transactions in a month. Join Shirsha … The change is for the cash deposit limit in the non-home branch banks. 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