Cash Deposit Limit & Charge Calculator
Check how much cash you can deposit in your savings account without charges and avoid unexpected bank deductions
Enter Your Details
Different banks have different cash deposit limits
Premium accounts usually have higher free limits
Total cash you plan to deposit in a month
Deposit Analysis
Cash Deposit Charges
Free Deposit Limit
₹1,00,000
Amount you can deposit without charges
Chargeable Amount
₹50,000
Amount above free limit
Charges + GST
₹590.00
Total charges including 18% GST
Total Deduction
₹590.00
Amount that will be deducted
Detailed Breakdown
Monthly Cash Deposit:
₹1,50,000
Free Deposit Limit:
₹1,00,000
Chargeable Amount:
₹50,000
Basic Charges:
₹500.00
GST @ 18%:
₹90.00
Total Charges:
₹590.00
Important: These are estimated charges based on typical bank policies. Actual charges may vary based on your specific account terms, branch location, and timing. Always check with your bank for exact charges.
Bank Cash Deposit Limits Comparison
| Bank | Regular Account | Premium Account | Basic Account | Charges Above Limit |
|---|---|---|---|---|
|
SBI
|
₹1,00,000/month | ₹2,00,000/month | ₹25,000/month | ₹2 per ₹1,000 + GST |
|
HDFC
|
₹50,000/month | ₹1,50,000/month | ₹25,000/month | ₹3 per ₹1,000 + GST |
|
ICICI
|
₹75,000/month | ₹2,00,000/month | ₹25,000/month | ₹2.5 per ₹1,000 + GST |
|
Axis
|
₹50,000/month | ₹1,00,000/month | ₹25,000/month | ₹3 per ₹1,000 + GST |
|
PNB
|
₹50,000/month | ₹1,00,000/month | ₹10,000/month | ₹2 per ₹1,000 + GST |
Frequently Asked Questions
Why do banks charge for cash deposits?
Banks incur costs for handling, counting, storing, and transporting cash. These charges help cover operational expenses and encourage digital transactions.
Are cash deposit limits monthly or per transaction?
Most banks apply cash deposit limits on a monthly basis, not per transaction. So if you deposit multiple times in a month, the total of all cash deposits counts toward your monthly limit.
Do salary accounts have cash deposit limits?
Salary accounts typically have higher or no cash deposit limits compared to regular savings accounts, as they’re meant for receiving salary credits. However, limits may vary by bank and employer agreement.
Can I avoid cash deposit charges?
You can avoid charges by staying within your free limit, using digital payment methods, upgrading to a premium account with higher limits, or using cash deposit machines at select locations.
Is GST charged on cash deposit fees?
Yes, banks charge 18% GST on cash deposit fees as these are considered banking services under Indian tax laws. The GST is included in the total charges you pay.
What happens if I exceed cash deposit limits frequently?
Frequent excess deposits may lead to additional scrutiny under KYC/AML regulations. Your bank might ask for income source documentation or in extreme cases, restrict your account activities.