What Is the Cash Deposit Limit in Cash Deposit Machines?

Learn about cash deposit limits in cash deposit machines, including differences based on PAN card linkage and bank policies.

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The limit of cash deposit in a cash deposit machine typically varies by bank. For many institutions, the daily limit is around Rs. 49,900 for accounts without PAN card linkage and up to Rs. 2,00,000 for those with PAN card linkage. These figures can change, so it's best to check directly with your bank for the most accurate and recent limits.

FAQs & Answers

  1. What is the maximum cash deposit limit without a PAN card? The maximum daily cash deposit limit without linking a PAN card is typically around Rs. 49,900, but this limit may vary depending on the bank.
  2. How does linking a PAN card affect cash deposit limits? Linking a PAN card to your bank account usually increases the cash deposit limit in a cash deposit machine, often up to Rs. 2,00,000 per day.
  3. Do cash deposit machine limits vary between banks? Yes, cash deposit limits can vary by bank, so it is recommended to check with your specific bank to know the exact limits applicable to your account.
  4. Can cash deposit limits change over time? Yes, banks may update cash deposit limits periodically based on regulatory guidelines and internal policies, so always verify current limits before making deposits.

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