Quick Answer: Can I Deposit Cash Into My Bank Account At The Post Office?

Can post office ATM card be used at bank ATM?

India Post or Department of Post allows three free transactions in a month from its debit card when used at ATMs of other banks in metro cities.

Post office ATM card holders are allowed five transactions free of cost in other banks’ ATMs located in cities other than metros..

Can I pay cash into someone else’s bank account?

1. Deposit cash at the bank. The most basic way to move money into someone else’s account is to walk into the bank and tell the teller you’d like to deposit cash. You’ll need the recipient’s full name and bank account number to complete the deposit.

Can I deposit cash into my HSBC account at the post office?

HSBC customers will be able to make cash deposits into their account by putting their card into the pin pad – no pin is needed – and handing the cash to the cashier, who will then issue them with a receipt stamped with the date and amount.

What banks can deposit at Post Office?

Most allow cheque and cash deposits, balance enquiries plus withdrawals. The main players include Bank of Scotland, Barclays, First Direct, Halifax, HSBC, Lloyds Bank, Nationwide Building Society, NatWest, Santander, The Co-operative Bank, The Royal Bank of Scotland, TSB Bank, Virgin Bank and Yorkshire Bank.

How much money can be deposit in post office?

Single account holders can deposit a maximum of Rs one lakh while joint account holders can deposit a maximum of Rs two lakhs. One of the main features of a Post Office savings account is that there is no lock-in or maturity period.

How do I deposit money into post office?

Here is a step-by-step guide for transferring money in your post office RD account through IPPB: Add money from your bank account to IPPB account. Go to DOP Products, From there choose Recurring Deposit. Write your RD account number and then DOP customer ID. Choose the installment duration and amount.More items…•

How much can we deposit in bank in one day?

The maximum limit for cash deposit: in the case of a transaction without a card, the maximum limit is Rs 49,000 per day, while for cash deposit by debit card, the maximum limit is Rs 2 lakh in one day.

What is the most money you can have in a bank account?

You can have a CD, savings account, checking account, and money market account at a bank. Each has its own $250,000 insurance limit, allowing you to have $1 million insured at a single bank. If you need to keep more than $1 million safe, you can open an account at a different bank.

Can I pay cash into my Barclays account at the post office?

All customers can withdraw or pay in cash and check balances using their Barclays debit card and PIN at thousands of Post Office branches across the country. All customers can also pay cheques into a Barclays account using a personalised paying-in slip and a cheque deposit envelope.

Can I pay bills at post office?

Post Office – you can often pay a bill by cash or card at the Post Office. There can sometimes be a fee for using this service.

How do I deposit cash into my bank account?

When you deposit cash at a bank or credit union, you typically need to use a deposit slip. That’s simply a slip of paper that tells the teller where to put the money. Write your name and account number on the deposit slip (deposit slips are usually available at the lobby or drive-through).

Can I deposit cash at Post Office for Lloyds Bank?

You are able to deposit cash and cheques over Post Office® counters.

Which bank is safe for money?

If such banks do fail, the RBI will step in to provide salvage options and protect deposit holders. Many of the large private banks are now part of this list.” Currently, public sector bank SBI and two private sector banks, HDFC Bank and ICICI Bank, are in the RBI’s list.

How do I put money in my bank through ATM?

Insert your debit or ATM card into the card reader and enter your PIN. This security step acts like a password for accessing your funds. Tell the ATM which account you want to deposit into. If you have multiple checking and/or savings accounts, the ATM will ask where you would like your cash to go.

Can I deposit money at a different bank?

One can deposit cash in any of the branch of the same Bank if Bank has Core Banking Solution facility. It is not possible to deposit cash in a branch of some other Bank.

How safe are post office deposits?

Government-backed schemes like post office saving schemes and bank fixed deposits are safe and they also offer assured returns. However, the trouble with them is that they offer only modest returns. Often the post-tax returns fail to beat inflation. When that happens over a long period, your money loses its value.

Can I double my money in 5 years?

To get your money doubled in five years, the CAGR needed will be nearly 15 per cent (more preciously 14.87 per cent). However, there is no guaranteed-return product that offers such a high rate of return and the only possible way to achieve this is by taking risk.

Can a bank ask where you got money?

There is no law that specifically requires a bank to ask where you get your cash. They are probably just following Governmental and company guidelines on money laundering and have been told to ask that question on deposits of cash over a certain amount. Either that or the teller is just a nosy sod.

Can you deposit money at Australia Post?

How to bank at Australia Post. All you need is a PIN enabled NAB ATM card or credit card linked to a NAB account and you can start banking at Australia Post, including: making cash deposits 2 (up to $9,999 per customer per day) making cheque deposits* (up to five cheques per transaction with a value up to $999,999.99)

Can you pay money into a Lloyds cash machine?

You can pay in cash and cheques at the counter of any Lloyds Bank branch or by using one of our Immediate Deposit Machines (IDM)(if available). All deposits made at the counter will be processed immediately. All deposits made at an IDM will be processed the same working day if deposited before branch closing time.