Cash Recycler Machine
The Karur Vysya Bank Ltd. provides the cash remittance & Cash withdrawal service to its customers through Cash Recyclers. We have 580+ Cash recyclers PAN India.
To know the presence of Cash recyclers, Please click here
Features:
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Customers can deposit cash for their running accounts such as Current / Savings / RD / Cash Credit / Overdraft accounts.
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Denominations of Rs. 2,000/-, Rs. 500/-, Rs 200, Rs. 100/- can be deposited in this machine.
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The customer has to enter the 16 Digit account number or insert the ATM card or BNA remittance card for depositing the cash in the Cash Recycler Machine.
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Maximum Cash Remittance Limit - Rs. 49,900/- without PAN Number. No ceiling limit for cash remittance for an account with PAN Details subject to a maximum of per transaction limit of Rs. 1.50 Lacs (preferably 150 notes, per remittance transaction).
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Currencies without bundling should be placed. Bundling with twine or Rubber Band should not be deposited which will affect the functioning of the machine.
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Folded / Soiled / Cut notes will be rejected by the machine.
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Instant credit to the account and SMS alert will be sent to the registered mobile number of the account holder.
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There is no charge for using ‘Cash Recycler Machine’ for cash depositing. However, the system will include cash remittance transactions which are happening through ‘Cash Recycler Machine’ for arriving cash remittance charges as applicable for the type of account.
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BNA Cash Remittance Card can be collected from the customer’s KVB home branch (Account holding Branch).
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Apart from the cash deposit facility, this cash recycler can also be used for cash withdrawals.
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Cash deposit can be done only by the KVB customers and cash withdrawal can be done by all bank customers.
