How To Put Cash In Bank Account?

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Bank account holders are provided with multiple ways of depositing money in their accounts. They can either visit the bank branch, log in to net banking account or simply use their debit cards. If you have cash at hand and want to deposit it into your bank account, then it is possible for you to easily do so by visiting any nearby branch of your bank.

Here’s how you can deposit cash into the bank account:

You should visit your bank branch and take help from the cashier. The cashier will receive the money from you and enter the amount into your account.

In order to be able to deposit cash into a bank account, you need to have a passbook or bank statement with you. This is because it is necessary for them to verify that this money belongs to you. If it does not belong to you, then they cannot accept any kind of deposit whatsoever (even though most banks are willing).

If this is not your first time depositing cash into a new account, then there won’t be much work involved on their part – they already have all documents required by law in order for such transactions being made upon them successfully being completed (KYC).

How To Put Cash In Bank Account? Source: Freepik.com

Visit your nearest bank branch and let a cashier know about your desire to deposit cash.

  • Visit your nearest bank branch and let a cashier know about your desire to deposit cash.
  • In case, you don’t have any knowledge about the nearest bank branch, then search for the same on Google Maps and navigate to the location.
  • You can also deposit cash at an ATM near you.
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You must be ready with your bank passbook or bank statement, which help you to identify yourself as a genuine bank customer.

You must be ready with your bank passbook or bank statement, which help you to identify yourself as a genuine bank customer.

The next step is to provide your account number by entering it on the ATM machine.

If you are a first-time cash depositor, then there is an additional formality of filling KYC documents.

If you are a first-time cash depositor, then there is an additional formality of filling KYC documents. KYC means ‘Know Your Customer’. It is a process of verifying the identity of a customer. The bank needs the following documents from you:

  • Identity proof (like ID card/driving license)
  • Address proof (like electricity bill/telephone bill)

When you submit these documents along with your cash deposit receipt, the bank will check them and then make sure that they match with their records. This way they can ensure that there has been no money laundering or fraudulent activity involved in your cash deposit.

The cashier will ask you to fill the slip and will give you back one copy after he/she has processed your deposit request.

The cashier will ask you to fill the slip and will give you back one copy after he/she has processed your deposit request. All banks keep four copies of the deposit slip. One copy is given to customer, second copy is kept by bank, third copy is kept by customer, fourth copy is kept by bank and fifth copy is also given to customer.

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Bank account holders are provided with multiple ways of depositing money in their accounts.

Bank account holders are provided with multiple ways of depositing money in their accounts. Most of the banks offer three convenient ways for depositing cash, which are:

  • Cash Deposit Machine (CDM)
  • ATMs and branches
  • Postal Money Order
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Conclusion

So, now you know how to put cash in bank account. The steps are very easy and you can do it by yourself within a few minutes. If you are not sure about the procedures, then you can always ask the bank representative or a fellow customer for help. Just remember that irrespective of your choice of depositing money, always collect the slip for future reference.

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