CDM Abbreviation

Looking for CDM abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of CDM in various groups like Business, Indian Railway Station, Governmental, Medical, Technology, and Computing.

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Popular abbreviations of CDM:

Searching for CDM abbreviation / CDM full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does CDM mean?

The CDM full form in banking is Cash Deposit Machine, Are you tired of visiting the bank regularly and depositing cash there? Well, you can get rid of this with the help of Cash Deposit Machines (CDM). It assists you in avoiding long queues. However, for using the CDM, you should know the proper use of it.

Learn CDM full form, how to deposit cash in CDM, and more through this article.

CDM Full form and What exactly is a CDM machine? 

According to the terminology of banking and finance, CDM’s full form is Cash Deposit Machine which acts as a self-service terminal helping you to deposit and make cash transactions. For that, you no longer have to make use of your bank, but instead, visit the nearest ATM and do it.

One of the coolest things about CDM is that depositing cash nowadays can be any time of the day. Other than that, for the convenience of the customers, there are CDM present inside the bank itself.

Prerequisite for using a CDM.

Using a Cash Deposit Machine aka CDM is very easy. The only thing you would require for enjoying its facilities is having a debit card. You would be asked to insert the debit card number into the machine. However, some machines also ask for the bank account number. You would be required to choose your account before depositing cash in the machine.

How to deposit cash into the CDM?

Operating the Cash Deposit Machine is very simple. If you are a fresher in the world of banking then the below steps will guide you to know how to cash deposit.

• Step 1. At first, simply insert the debit card inside the machine, just like the way you do so for withdrawing cash from an ATM.
• Step 2. Once you have swiftly inserted the card into the machine, then you will be instructed to input the PIN.
• Step 3. As soon as you have entered your appropriate PIN, the display setup will ask you to enter the cash amount you want to deposit along with the other options related to withdrawal and pin.
• Step 4. After you enter the amount you want to deposit, you will be notified to confirm the cash amount in the machine. After completing the process, you will get a confirmation slip stating the total amount you have deposited in the machine.

How to deposit cash into the CDM without a debit card? 

In certain cases, the customer who wants to deposit the amount in the CDM does not have a debit card. In that situation, learn how to deposit money in the cash deposit machine.

• Step 1. At first, you will find an option stating cash deposit without a card. You have to tap it. As soon as you have gone for that option, the CDM will want the bank account number from you.
• Step 2. Type down the bank A/C number followed by your plan deposit amount.
• Step 3. After that, simply confirm the entered amount on the CDM.
• Step 4. As you know, the deposit of the cash amount will be without the card. You have to place your cash at the machine’s deposit slot. Following that the machine will automatically take the money. Once the CDM receives the cash, its denomination will be displayed on the screen.
• Step 5. Your process will get completed only when you get a confirmation slip from the CDM itself. Thus these are the few easy steps to deposit cash in a CDM with or without a debit card.

Can you make a cash deposit at an ATM?

Yes, the function of depositing cash is available in many ATMs. But not all ATMs operated and maintained by bank authorities have the feature to deposit cash. It depends on each bank and the region in which the ATM is located. At the same time, the ATM authorities also set the minimum value to deposit cash in the Cash Deposit Machine (CDM).

Cash deposit machine limit in India. 

In India, the maximum limit to deposit cash through CDM varies bank-wise. But approximately for deposits without a debit card, the limit is up to fifty thousand. The cash deposit in the machine with the debit card is up to approximately two lakhs. However, the upper limit for depositing cash is subject to change bank-wise.

Are CDM and ATM the same? 

The structure of the CDM is somehow the same as the ATM. However, the functions performed by CDM and ATM are not the same. The CDM is used for depositing money to your bank but the ATM purposes are just the opposite. An ATM is used for dispensing cash from the machine.

Conclusion.

Therefore, depositing money through a Cash Deposit Machine is less time-consuming and convenient for bank customers. However, before depositing the cash, you need to inquire about the cash deposit limit. It will help you to proceed with the transaction accordingly.