Meaning
CDM stands for Cash Deposit Machine. A Cash Deposit Machine is a self-service banking machine that lets you deposit cash directly into your bank account without visiting a teller counter.
How It Works
You insert your debit card, enter the amount, and feed the cash notes into the machine. The machine counts the notes, verifies authenticity, and instantly credits the amount to your account.
Benefit
CDMs are available 24×7, helping customers deposit money anytime, even outside banking hours.
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