Looking to deposit a cheque in SBI Bank? SBI Bank cheque is one of the most crucial payment modes available to all customers in India. Moreover, transactions performed through a cheque are a trustworthy method, especially when making payments to an individual or for business purposes. Thousands of transactions are done through cheques every day at different SBI branches. Though the entire world is running after digitization, the significance of bank cheques hasn’t reduced much. Wondering How To Deposit Cheque In SBI? If you’re an SBI customer seeking to deposit a cheque in the bank, you can access it in multiple ways. Here’s an in-depth explanation of the procedure to fill and deposit a cheque in SBI Bank using different methods. Check it out!
How To Deposit Cheque In SBI?
To deposit a cheque in SBI bank, you must have a few things handy. SBI Account Number and SBI Debit/ATM Card are the crucial things required to deposit a cheque in SBI Bank. Depositing a cheque at the nearest SBI bank branch is the traditional method. Soon after depositing a cheque in the bank branch, the amount mentioned on the cheque will be deposited into the beneficiary account on the same day. How To Deposit Other Bank Cheque In SBI? The procedure to deposit the same bank cheque or another bank cheque in an SBI bank account is almost similar. In this article, I have provided the detailed steps to deposit a cheque in SBI by visiting the bank branch. Check it out!
- First of all, go to the nearest SBI bank branch in your location.
- Make sure that you hold an account at that bank branch.
- Go to the helpdesk counter at the branch and ask the corresponding bank executive for a cheque deposit slip.
- Fill in all the vital details in the SBI Cheque Deposit Slip that includes the SBI account number, cheque number, name of the issuing bank, name of the bank branch, and more.
- In case, the amount you’re depositing is above Rs. 50000 then, you must mention your PAN Card number as well.
- After filling out the cheque deposit slip, attach the same to your cheque and deposit them at the respective counter.
- The amount mentioned on the cheque will be credited into your bank account on the same day provided the cheque is valid.
This is the detailed procedure to deposit a cheque in SBI Bank.
How To Fill Cheque Deposit Slip Of SBI Bank?
Want to know How To Fill Cheque Deposit Slip Of SBI Bank? You may assume that depositing a cheque is quite simple in SBI bank. But, one must be extremely careful while filling out the cheque deposit slip. If you’re filling out a cheque deposit slip for the first time, you may not know what to write and how to write the deposit slip. Well, don’t worry! If you’ve all the bank details, you must fill out the slip carefully without any mistakes. SBI Cheque Deposit Slip must be filled with vital details on both sides. Detailed procedure on How To Fill the Cheque Deposit Slip Of SBI Bank. Read on!
Front Side of the Cheque
Initially, check the procedure to fill the front side of the SBI Cheque Deposit Slip. The front side of the slip comprises two sections. On the left section of the slip, you must write the following details.
- SBI Branch Name: The name of the branch where you are going to deposit the amount through the cheque.
- Date and Year: The date on which you deposit the cheque at the branch.
- Account Number: Enter the account number with each digit filled in separate blocks.
- Select the account type i.e., CA/RD/SB/TL/CC.
- Name of the Account Holder
- Deposit Amount: Write the amount that you are willing to deposit in words.
- Deposit Amount in Numbers
- In the next field, write the addition of the total amount in numbers.
- The next optional field is to fill in your mobile number.
- Mention your PAN Card Number if your deposit amount is more than Rs. 50000.
- At last, sign in the given space on the deposit slip.
Fill in the right section of the frontside cheque deposit slip with the following details:
- Name of the Bank Branch
- Date, Month & Year
- Account Number of SBI Bank
- Account Type: SB/CA/RD/CC/TL
- Account Holder Name
- Amount to be deposited [Write in Words]
- Amount to be Deposited [Write in Numbers]
- Total Deposit Amount [Write in Numbers]
The details mentioned in the left section and right section are almost similar.
Back Side of the Cheque
Turn the SBI Deposit slip on the back and you must write the denomination of the total amount deposited in the beneficiary’s account. Go through this guide to understand the procedure to fill in the backside of the SBI Cheque Deposit Slip.
- Start writing the denomination of the notes with the highest note i.e., Rs. 2000 followed by Rs. 500, Rs. 100, Rs. 50, Rs. 20, etc.
- For instance, if you have 6 notes of Rs. 500, you must write ‘6’ in the Pieces section. In the Rs. section, write the total number of Rs. 500 notes i.e., Rs. 3000.
- By following the same procedure, write the remaining denominations.
- At last, sign the cheque deposit slip and submit the slip at the respective counter in the bank branch.
- The bank executive will verify the cheque and the cheque deposit slip. After finding that the details mentioned on the cheque are valid, the person will stamp on both sides.
- The concerned bank officer will give you the acknowledgment slip as proof.
How To Deposit Cheque In SBI Cheque Deposit Machine
Depositing the cheque in the SBI Bank branch is one of the most preferred and conventional methods. Another alternative to depositing a cheque is in the SBI cheque deposit machine. CDM [Cash Deposit Machine] is a machine that collects the cheque and processes it easily. CDM is pretty much similar to the ATM. Go through the easy steps mentioned below to deposit a cheque in SBI CDM.
- Go to the SBI bank that has an SBI CDM facility.
- Place your SBI Debit or ATM Card in the corresponding card slot of the machine.
- You will be prompted to enter your SBI ATM PIN.
- A list of options will be shown on the screen.
- Select the option ‘Cheque Deposit.’
- Before placing the cheque in the slot, make sure that the cheque doesn’t have any folds or cuttings.
- After that, the image of your cheque will be displayed on the CDM machine screen.
- The cheque will be scanned by the machine. Hit the option ‘Confirm’.
- The machine gives a cheque receipt mentioning the cheque number.
- Collect the receipt.
- That’s all! You have successfully deposited a cheque in SBI through the CDM.
SBI Mobile Check Deposit (New Method)
SBI provides another great alternative to depositing a cheque in SBI. SBI has launched a new mobile banking platform that helps its customers deposit their cheques via mobile banking. The State Bank Group has rolled out the TSBG Mobile App through which the accountholders can manage their finances with much ease.
Both Android and iOS mobile users can download and install this mobile app. If you want to deposit a check in SBI bank, you can use this mobile banking app. To do so, you need a special restrictive endorsement. The vital details that are needed to deposit a check through the mobile banking app include your name, and the account number.
Here’s the simple and quick process to deposit a check by phone via the mobile app.
- Firstly, download the TSBG mobile app on your phone.
- After finishing the installation process, open the app.
- On the dashboard of ‘The State Bank Group’ mobile app, you need to select the option ‘Deposit Checks’.
- Provide your SBI check details such as the name, account number, and others in the given fields.
- Further, simply follow the on-screen instructions to deposit the SBI Check.
- Make sure your phone is camera-enabled.
- Capture a photo of the endorsed check [both front and back sides of the check].
- After capturing the photos on the mobile app, submit the same.
- You have successfully deposited your SBI Check through the TSBG mobile app.
- You will receive a confirmation on your mobile device after submitting the check.
- The bank check deposit will be processed soon.
- Further, you will be able to view your mobile deposit history on this app.
- The noteworthy point is that SBI customers must enroll in The State Bank Group’s online banking to access this TSBG mobile app.
How Long Does It Take For A Cheque To Be Credited In SBI
The cheques deposited at the SBI branch counters and CDMs within the branch premises before the prescribed cut-off time will be dispersed on the same day. For most cheque deposits, the clearance period will be only 1 working day. Sometimes, the checks deposited in the SBI bank might take 2 business days for the amount to get deposited in the bank.
SBI Non-Home Branch Cheque Deposit Charges
In a financial year, an SBI account holder can utilize only 10 free cheques. Once your usage of the free cheques is done, the subsequent 10 chequebook pages will be charged.
- The customers will be levied a charge of Rs. 40 + GST for 10 chequebook pages.
- For the next 25 chequebook pages, you will be charged Rs. 75 + GST
- For the first 10 cheque leaves of the emergency chequebook, you will be charged Rs. 50 + GST.
However, there is no restriction on using chequebooks in the case of senior citizens.
That’s all! This is everything you need to understand about the procedure of How To Deposit Cheque In SBI. Hopefully, this article has explained different methods to deposit a cheque in SBI Bank i.e., from the bank branch, Cash Deposit Machine [CDM], and Mobile Banking App. If you have any queries, let us know in the comments space. Stay tuned to our website indonline for more banking-related articles.
If you have any other queries or doubts regarding this article, just go through the frequently asked questions furnished below:
1. Can I Deposit Cheque In Any Branch SBI?
Yes, accountholders can deposit cheques in any of the SBI branches all over India.
2. Does SBI Non-Home Branch Cheque Deposit Charges?
SBI account holders can utilize only 10 free cheques. Once your usage of the free cheques is done, customers will be charged.