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Can I deposit coins in SBI branch?

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Can I deposit coins in SBI branch?

Tulsi Ram, a resident of Bhopal, went to deposit the coins at SBI branch in New Market. On the other hand, SBI PRO Uday Bhagwat categorically stated that Rs 10 coins are allowed for deposit. “Banks are accepting the coins and we have not received any such complaint,” he said.

Do banks take coins to deposit?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some credit unions and community banks still have coin-counting machines.

Where can I deposit coins?

Chains

  • Local bank or credit union. Your local bank or credit union branch may let you exchange coins for cash via coin-counting machines, letting you to roll your own coins, or take coins in another way.
  • QuikTrip.
  • Safeway.
  • Walmart.
  • Target.
  • Lowe’s.
  • Home Depot.
  • CVS.
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Which bank takes coins?

Chase, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, BB and other major national banks no longer provide coin-counting machines to customers or to non-customers….What Banks Have Free Coin Counting Machines.

Bank Customers Non-customers
Hancock County Savings Bank Free –
Republic Bank (NJ/PA) Free Free

Can banks refuse to accept coins?

(d) None of the bank branches should refuse to accept small denomination notes and / or coins tendered at their counters. All coins in the denomination of 50 paise, ₹1, ₹2, ₹5, ₹10 and ₹20 of various sizes, theme and design issued from time to time by the Government of India continue to be legal tender.

Can you change coins at any bank?

“Different banks have different coin acceptance policies,” Kenneally says. “Some accept rolled coins and some accept loose coins to process through a coin-counting machine. If they have a machine, loose coins are usually preferred.”

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Will banks accept rolled coins?

You can roll the coins yourself. Most banks will give you free wrappers if you ask and will exchange their customers’ rolled coins for cash — and many extend that courtesy to non-customers as well.

Can I deposit coins at post office?

You can pay in both notes and coins at a Post Office® counter. Cash deposit limits vary.

How can I exchange coins for cash in India?

The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn out coins. The Bank is committed to provide exchange facility free of cost at its counters during business hours.