CDM: cash deposit machine
Notes go into a cash deposit machine; the receiving account gets a bank credit under that bank’s process. A deposit slip or screenshot is not confirmation of actual receipt.
SBI CDM example →PAYMENT METHODS · INDIA
CDM or CCW?
Bank credit or cash?
CDM credits a bank account. CCW dispenses cash through a bank service. Check how receipt is confirmed, not just the rate.
Banking education. Live ads may list CCW, CDM or ATM / QR Cash. Availability depends on the ad; check its method, bank requirements and terms.
Compare the routes →CCW: cardless cash withdrawal
A bank’s cardless service authorises an ATM cash withdrawal. It is not a deposit to the seller’s account. Eligibility, authentication and limits differ between bank services.
SBI YONO Cash example →For a supported QikCrypto order
- Use the method and details agreed in the accepted order. Check amount, rate, payment destination, timing and charges.
- The seller funds the full USDT escrow before the buyer pays INR. Keep payment confirmation in the order’s SafeChat.
- The seller verifies actual INR receipt before irreversible release; a paid marker is not receipt verification.
Cash is not a risk exemption.
A CDM credit is still bank balance. Neither route proves the source of funds; cash does not make a crypto trade tax-free or guarantee protection from a bank restriction. USDT escrow does not certify payment origin or settle a bank complaint.
Already dealing with a restriction? Use the bank checklist.