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Can we deposit SBI cheque in any other bank?

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Can we deposit SBI cheque in any other bank?

Can I deposit Cheque in any branch of SBI? Answer – Yes, you can deposit cheque in any branch of SBI in India.

Can a check be deposited to another bank?

While paper checks are falling out of favor, you can still deposit a personal check into someone else’s personal account. Sure, check fraud is possible. However, checks pose less of a threat to banks than cash deposits because financial institutions can trace the money.

Can we deposit SBI cheque in HDFC?

You can present the cheque to a branch of SBI at your place of stay ( though your account is at other state). The SBI branch will present the cheque to HDFC through clearing on the same day , if presented before 11 a.m. The proceeds will be deposited to your account on the same day, on being paid by HDFC Bank.

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

Banking 101: How to Cash a Check Without Going to the Bank

  1. Use mobile check deposit.
  2. Load it onto a prepaid card.
  3. Endorse the check to a friend.
  4. Cash your check at a retailer, but beware of fees.
  5. Go to a check-cashing store as a last resort.

How much time 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.

How can I deposit my SBI cheque online?

When using The State Bank Group mobile app, select “Deposit Checks” and follow the on-line instructions. With your camera enabled phone take a photo of the front and back of the endorsed check. Submit the photos and you’re done! The deposit process is underway as if you had come to the bank!

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How can I fill my SBI cheque by withdrawal?

Pay – Next you need to ‘write the full name of the person’ to whom you are allowing to withdraw the money. If you are doing self withdrawal then you must write ‘SELF’ in the cheque. Amount in Rupees – Now, you need to mention how much of money you want to withdraw from your account.

Can we deposit cheque online in SBI?

Can I Lodge SBI cheque in Canara Bank?

Yes, if you have an account with Canara Bank you can lodge the said SBI cheque in clearing. The same will be credited to your account in 2 working days. How can I deposit cheque in SBI bank?

How long does it take to deposit a cheque in Canara Bank?

If the cheque is of Canara bank and you are a Canara bank customer it will hardly take 5 minutes to deposit the cheque in to your account and if you are Canara bank customer and you have another bank’s cheque then it will take 2 -3 days for clearing which again depends upon the presence of that particular bank in the area.

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How do I deposit a cheque into my SBI account?

If the cheque is of SBI then you take the cheque and attach it to a deposit slip and fill in all the details on the deposit slip like your account number, the cheque number, date, amount (both in word and figures) etc. After that either hand it over to some authorized person in the bank and receive an acknowledgement slip.

How long does it take to clear a cheque in SBI?

If the cheque is of other bank, it will be forwarded to clearing section and amount will be credited on 3rd day. The proceeds will be credited after clearance if the cheque is from outside bank and that is not clearing member when it may take 14 days time.