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Recycler/Cash Deposit Machine

Helping high-volume, geographically widespread clients manage their cash collections securely through captive and off-site Recycler/Cash Deposit Machines
Avail of secure, 24/7 cash collections across locations through both card-based and card-less functionalities

Features & Benefits

Enable your partners / agents / dealers to deposit cash 24/7 safely and securely through Recycler/Cash Deposit Machines installed in your premises or at designated

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Simplified self service facility with validated deposits and functionality for multiple deposits by a single user

Enable cardless deposit facility on machines installed in your premises

Issue cards for deposits at designated Axis Bank locations

Near-real time detailed deposit alerts and transaction posting via APIs

Consolidated daily MIS reports with location-wise validated collections

Immediate detection and retention of fake currency notes as per RBI guidelines

Consolidated credit to designated Axis Bank account

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How it works?

How it works?

Learn how to use Cash Deposit Machine. Read on to know more.

  • 01

    Choose the Recycler/Cash Deposit Machine solution best suited to your needs. Recycler/Cash Deposit Machine installed on your locations as per requirement.

  • 02

    Issue cards / user credentials to your partners / agents / dealers.

  • 03

    Your partners / agents / dealers deposit cash in the nearest available Recycler/Cash Deposit Machine through card PIN or user credential validation.

  • 04

    Get automated alerts / MIS reports for each deposit.

  • 05

    Axis Bank gives a consolidated daily credit to your designated account.

  • 06

    Receive detailed reports via email / API and complete your recon activity.

Fees & Charges

  • On-boarding Fees
  • Transaction based charges.

Value Added Service

  • Card based and cardless functionalities
  • Captive and off-site Recycler/Cash Deposit Machine
  • API integration for near-real time deposit alerts and payment posting

Eligibility & Documentation

Any Axis Bank corporate client can avail cash / cheque delivery services

  • CMS Application Form
  • Recycler/Cash Deposit Machine Form

CMS application form and Recycler/Cash Deposit Machine form

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Reach out to us at

capitalmarketproduct@axisbank.com
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