Question: Can SBI Cheque Be Deposited In Any Bank?

How do I transfer a Cheque into my bank account?

You can pay cash and cheques into your bank account over the counter at your local branch.

Just fill in a paying-in form and give it to the cashier along with the cheque or cash.

Some branches have machines you can use for this as well..

Can a Cheque be deposited in any bank?

Yes, as long as your bank or credit union allows it. When you deposit your check, you can ask your teller to give you cash for part of the check amount and deposit the rest.

What is the maximum amount I can write a Cheque for SBI?

The bank initially introduced cheques with Rs 2 lakh usage limit for savings bank account holders but later increased the limit to Rs 5 lakh.

How many days does it take to clear a Cheque in SBI?

1.11 Cheques deposited at branch counters and Cheques deposited in the drop-box within the branch premises, before the specified cut-off time, will be sent for clearance on same day, for which the clearance period will be T+1 working day.

What is the minimum amount for Cheque?

No minimum amount is required for a cheque to be issued under the Measures for Payment and Settlement.

How can I check my SBI Cheque clearance status?

To enquire cheque status:Click Enquires > Cheque Status. The Cheque Status page appears.Select the account for which you wish to verify cheque status.Select the single cheque option to verify status of a single cheque. … Enter the cheque number(s). … Click [Enquire].

Can a check clear in one day?

Most types of checks take about two business days to clear, though some banks and credit unions are speedier (jump to a list of banks that clear checks fast). … Cashier’s and government checks, along with checks drawn on the same financial institution that holds your account, usually clear faster, in one business day.

Can Cheque be deposited in any branch of SBI?

An account payee cheque can be deposited at any branch of any bank. … Yes you can deposit cheque to any SBI bank, since all the banking have core banking system now a days, all the transactions are carried out online.

Can I deposit money in any branch of SBI?

All other branches of the bank are non-home branches for the customer. According to SBI’s tweet, in personal savings bank account, there will be no restrictions on the amount that can be deposited at a non-home branch. Earlier, this limit was ₹ 25,000, according to SBI’s website.

How do I deposit a Cheque into another bank account?

1. Fill out a deposit slip.Fill in the account number of the account you’re depositing the check into.Write the date.Write your name and address.Fill in the amount of each check that you’re depositing.More items…•

How can I deposit a check without going to the bank?

Cash a Check Without a Bank AccountCash it at the issuing bank (this is the bank name that is pre-printed on the check)Cash a check at a retailer that cashes checks (discount department store, grocery stores, etc.)Cash the check at a check-cashing store.Deposit at an ATM onto a pre-paid card account or checkless debit card account.

How much time it takes to deposit a Cheque?

It usually takes about two business days for a deposited check to clear, but it can take a little longer—about five business days—for the bank to receive the funds. How long it takes a check to clear depends on the amount of the check, your relationship with the bank, and the standing of the payer’s account.

What is the maximum amount you can write on a Cheque?

There is no limit on the amount of money that you may write a check for, provided the funds are available in your account.

Can I deposit 10 lakhs in my account?

If you cash deposit more than Rs. 10 lakhs from your savings bank account – Bank will report to Income Tax authority. If you do fixed deposit more than Rs. 10 lakhs in a financial year – Bank will report to Income Tax authority.