What is Green Remit Card in SBI?

What is Green Remit Card in SBI?

SBI Green Remit Card is a simple Magstripe based card without PIN. The product is targeted to facilitate Non-Home Cash Deposit Transactions to be routed through Green Channel Counter (GCC)/ Cash Deposit Machine (CDM) Card can be used for deposit of Cash (INR) to the designated beneficiary’s SBI account.

What is cash withdrawal at GCC?

It is a counter manned by a Teller where a Transaction Processing Device(TPD), similar to a PoS machine, is attached to the terminal. Customer swipes the Shopping cum Debit Card, selects a particular transaction and enters the amount and the PIN.

What is GCC transfer through SBI bank?

GCC is a new technique for transferring money from one bank to another. The abbreviation GCC stands for green channel counter. SBI pioneered this, however, it is now seen in other Indian commercial banks such as Indian Overseas Bank and PNB. You do not need to fill out any forms to send money through GCC.

What is CIF number in SBI account passbook?

For starters, CIF stands for Customer Information System. Just Account Number, the CIF number is also unique to each account holder. The CIF number will be printed on the first page of the bank passbook along with the Account number and name of the account holder. It is an 11-digit numeric code.

Can I withdraw money from Green Remit card?

The GCC facility, launched in 2010 before net banking took off, is a counter manned by a Teller where a Transaction Processing Device(TPD)- similar to a Point of Sale machine- is attached to the terminal and customers can make cash deposits/withdrawals as well as transfer funds.

Can I withdraw money from SBI green card?

A TPD is different from an ATM counter as at present there is no facility for cash deposits and funds transfers in ATMs. Further, as a person is attached to every TPD, one can withdraw money in the desired denominations. The queue could be avoided as there will be more than one green channel counter in every branch.

What is GCC account?

But one of the new system of transfer money from one bank to another bank is GCC. GCC means green channel counter. This was started by SBI but know you can see this GCC in other Indian commercial banks like Indian overseas bank and PNB. For transferring money through GCC, you need not to fill any form.

What is green channel in SBI?

The Green Channel Counter enables the customers to deposit and withdraw money from their account without them having to fill up pay slips or cheques. By swiping their ATM cards on the Point of Sale Machines placed at the green channel counters, they can conduct transactions up to Rs. 40,000.

What is green channel fees?

Registration Fee The eligible firm should submit a demand draft of Rs. 100 as onetime non-refundable registration fee in respect of Committee of Defence Account for obtaining green channel certification.

Is customer ID and CIF number same?

In most cases, yes, the customer ID is the same as the CIF number. What is the IFSC number and how is it different from the Customer Information File number? IFSC means Indian Financial System Code whereas CIF is for Customer Information File. IFSC numbers are for banks and are alpha-numeric codes.

What is SBI Green Remit card Charges?

Service Charges: The Green Remit Card comes at a paltry price of ₹ 20. However, transaction charges in CDM/GCC is applicable to regular non-home cash deposit transactions at branch.

What is green channel fee in banking?

This facility would give customers ease and comfort in transacting their business at branches. The customers need not fill up any pay-in slips or draw cheques for depositing or withdrawing money from their accounts, saving paper, and thereby contributing to the concept of ‘Green Banking’.

What is GCC transfer?

What is the difference between GCC and GCC high?

It’s called GCC High because it meets the FedRAMP high impact requirements. GCC High sits on the Azure Government infrastructure, making it a more secure cloud environment than normal GCC.

What is green channel withdrawal?

The Green Channel Counter enables the customers to deposit and withdraw money from their account without them having to fill up pay slips or cheques. By swiping their ATM cards on the Point of Sale Machines placed at the green channel counters, they can conduct transactions up to Rs. 40,000. Mr.

How much can you withdraw from green channel?

Rs 40,000
Presently, three types of transactions – cash deposit, cash withdrawals and funds transfer up to Rs 40,000 are allowed through this system. SBI has launched paperless banking system called ‘The Green Channel’ counter at all its branches across the city.

Where is SBI CIF number?

Customers of State Bank of India are issued a CIF number, which is printed in their passbook or on the first page of their cheque book when they open an account.

How can I get SBI CIF number without passbook?

Customer Care- You can obtain your CIF number by calling the SBI helpline. The executive can ask you for information to verify your identity after connecting the call. Then you may request a CIF number from them. 1800112211 OR 18004253800 for SBI customer service.