GST No.: 24AABAT4356N1Z6               

Interoperable Cash Deposit (ICD)

Interoperable Cash Deposit (ICD):

  • Now Varachha Bank Debit CardHolders can use NFS networked Cash Recyclers/Cash Deposit Machines of ICD participating member banks for depositing cash in their own account or third party account.
  • The service is convenience to customers by allowing them to use any participating Bank’s Cash Recycler/Cash Deposit Machine to deposit cash into their own account or any third party account.
  • Many Banks have already deployed about 30,000 + Cash Recyclers/Cash Deposit Machines for catering their own customers, which can be enabled for interoperable transactions.

Some of the key features and Benefits of this service are:

  • Real time credit to beneficiary account.
  • Card based transaction – Depositor is identified.
  • Third Party account deposits.
  • Instant verification of notes by cash recycler/cash deposit machine.
  • Deposit Limit of less than Rs.50,000/- per transaction i.e. Rs 49,990/-.
  • Paperless Transaction

Per Transaction Fee

@NFS Cash Recyclers/Cash Deposit Machines using VCB Debit Card

@VCB Cash Recyclers Machine to Other Bank Account using VCB Debit Card

Cash deposits upto Rs. 10,000/-

Rs.25/- + GST

Cash deposits between Rs. 10,001/- to Rs. 49,999/-

Rs 50/- + GST

NFS ICD Live Bank List