What is the meaning of non-home branch in bank?

What is the meaning of non-home branch in bank?

And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied. This fee varies across banks.

What is home branch and non-home branch?

Basically, where the customer’s account is maintained is the home branch. Banking facilities available to customers at branches other than the home branch are called non-home branches. A fee is levied on the customer if any cash transaction, such as deposit or withdrawal, is done at a non-home branch.

Can we withdraw money from non-home branch?

As per the renewed withdrawal limits, State Bank of India customers can withdraw up to ₹ 25,000 from their non-home branch using cash withdrawal slip accompanied savings bank passbook.

How much amount can be deposited in non-home branch?

The maximum limit for deposit of cash at Non-Home branch is Rs 2 lakh per day. Thereafter, Branch Manager of Non-home branch is vested with the powers to accept more cash. Non-home branches do not issue duplicate fixed deposit receipts for those who do not have an account with the SBI.

Can we deposit cheque SBI Non Home branch?

Can I deposit Cheque in any branch of SBI? Answer – Yes, you can deposit cheque in any branch of SBI in India. Just make sure that there are two sections in the dropbox- local cheques and outstation cheques.

What is the meaning of home branch?

The home branch of a bank account holder is the branch where the account is initially opened and the process of know your customer (KYC) is completed. The relevance of the home branch has decreased with banks providing online facilities and at par cheques to account holders.

How much cash can be deposited in non-home branch of SBI?

You can withdraw up to Rs 50,000 per day from a non-home branch, the limit is capped at Rs 1 lakh for current account holders by SBI. The maximum amount of funds that can be deposited at an SBI non-home branch in a single day is Rs 2 lakh.

Can I withdraw cheque from any branch?

You can: Go to any branch in the city of the bank that the cheque belongs to and. Present it for clearance. The bank teller, will verify the details on the cheque and clear it -The cheque will be cleared then and there and you will get the cash.

How can I withdraw money from SBI Non Home branch?

Steps to Withdraw Money from SBI Non-home Branch:

  1. Take out your cheque book.
  2. Write a self cheque.
  3. Mention the amount in words and in numbers.
  4. Sign the cheque.
  5. Take your bank passbook and identity proof document with you.
  6. Visit any branch of SBI and go to the cash counter of the branch.

How much can we deposit in HDFC Non-Home branch?

HDFC Bank! However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150. If you are a third-party person, then upto Rs 25,000 per day cash deposit is allowed. If limit exhausted then, Rs 150 will be levied.

Can we deposit cheque SBI Non-Home branch?

Can I withdraw money from any SBI branch using cheque?

You can withdraw money from your SBI account at a non-home branch using your cheque book. Write a self cheque and carry your bank passbook with you. The maximum amount you can withdraw from the non-home branch is Rs. 50,000.

Can I deposit cash in non-home branch of SBI?

The maximum amount of funds that can be deposited at an SBI non-home branch in a single day is Rs 2 lakh. Customers will also be levied Rs 10 plus GST to Rs 20 plus GST for ‘any additional transactions above the limits specified,’ according to the SBI website.

What should I write in branch name?

As the name suggest is is name of the bank branch for the purpose of distinguishing branches. Bank branch name is generally based on the name of area where the bank branch is situated. For example in Jodhpur, ICICI Bank is situated near Jaljog circle thus it is named Jaljog Branch.

How can I withdraw money from SBI Non-Home branch?

Now, SBI customers can withdraw Rs 25,000 cash per day for self using “withdrawal form” and accompanied by “savings bank passbook” at “non-home” branches. SBI customers can withdraw Rs 1 lakh per day for self using cheque at “non-home” branches.

Can I withdraw money from any branch of SBI with cheque?