How To Deposit Cash Using ATMs

28 May, 2024

Synopsis

• You can easily withdraw cash and deposit at select ATMs.

• Depositing cash via ATMs is convenient and helps you save precious time.

• Unlike with withdrawals, you must ensure you use your own bank’s ATM for cash deposits.
  
  

In digital space standing in long queues at the bank to deposit cash have been reduced. Automated Teller Machines (ATMs) have revolutionised the way we handle cash, offering convenience and accessibility 24/7. While primarily known for dispensing cash, select ATMs kiosks and vestibules also provide the facility to deposit funds, making them invaluable for managing personal and business finances. This comprehensive guide will walk you through the step by step ATM cash deposit process step by step.

How Do ATMs Operate?

Before diving into the specifics of depositing cash at ATMs, it is important to understand the fundamentals. ATMs are self-service machines owned and operated by banks. Until a few years ago, ATMs offered services limited to cash withdrawals and balance inquiries. However, in the last few years, banks have started installing ATMs where you can also deposit cash and initiate fund transfer. When depositing cash, you are essentially crediting your account with physical currency, which reflects in your bank balance shortly.

How To Deposit Cash At ATM?

Follow the below mentioned steps to learn how to easily deposit money at ATM:

1. Select the Right ATM 
   
   Not all ATMs support cash deposits, so it is essential to choose the right one for your transaction. Most banks display logos or indicators on their ATMs to denote cash deposit functionality. Additionally, you can check your bank’s website or mobile app for a list of ATMs equipped with cash deposit capabilities. Opting for ATMs located within bank branches provides added security and assistance if needed.
   
   

2. Prepare for the Transaction 
   
   Before heading to the ATM, ensure you have the necessary items for a smooth deposit process. These typically include your debit card, any relevant banking documents (if required), and the cash you intend to deposit. Organise the cash neatly and remove any torn or damaged notes, as some ATMs may reject them during the deposit process.
   
   

3. Initiate the Deposit
   
   Once at the ATM, insert your Debit Card into the card slot and follow the on-screen instructions to access the deposit option. Depending on the ATM’s interface, you may need to enter your Personal Identification Number (PIN) to proceed. Take your time to read the instructions carefully, as different ATMs may have slight variations in the deposit process.
   
   

4. Enter Deposit Details
   
   After selecting the deposit option, the ATM will prompt you to enter relevant details such as the account type (savings or current) and the amount you wish to deposit. Take note of any denomination restrictions specified by the ATM, as exceeding these limits may result in a rejected transaction. Some ATMs also require you to confirm the total amount before proceeding.
   
   

5. Insert Cash
   
   Once you have entered the deposit details, the ATM will instruct you to insert the cash into the designated slot. Depending on the ATM, you may need to put the cash in an envelope, mentioning the denominations (like you would a cash deposit slip). In some ATMs, you may directly need to place the cash in a tray section within the ATM machine.
   
   

6. Verify the Transaction 
   
   After depositing the cash, the ATM will display a summary of the transaction for verification. Review the details carefully to ensure accuracy, including the total amount deposited and the account in which you want the cash credited. If everything looks correct, proceed to confirm the transaction by clicking the right options on the ATM screen.
   
   

7. Collect Your Receipt and Card 
   
   Once the transaction is confirmed, the ATM will dispense a receipt as proof of the deposit. Verify the details on the receipt, including the transaction reference number and the deposited amount. Remember to collect your debit card from the machine before leaving the ATM machine.
   
   

8. Ensure Your Security
   
   While depositing cash at ATMs offers convenience, it is important to prioritise security throughout the process. Avoid sharing your PIN or personal information with anyone, and be cautious of your surroundings while conducting the transaction. If you notice any suspicious activity or tampering with the ATM, refrain from using it and report it to the respective bank immediately.
   
   

Deposit Cash Easily At HDFC Bank ATM’s

Depositing cash at HDFC Bank ATMs simplifies your banking experience by providing a convenient way to add funds to your account without the need to visit a branch. With numerous ATMs available across India, you can quickly deposit money at ATMs whenever it suits you, saving time and effort. This feature ensures hassle-free transactions, allowing you to manage your finances efficiently and securely while benefiting from the accessibility and reliability of HDFC Bank’s extensive ATM network. Click here to open your HDFC Bank account today.

*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.