|Definition||:||Cash Deposit Machine|
|Category||:||Business » Banking|
What does CDM mean?
Cash Deposit Machine (CDM) is self-service machine terminal that enables you to deposit cash without any manual intervention of a bank officer. In a cash deposit machine, you can deposit cash with or without using the ATM cum debit card. CDM has inbuilt intelligence to identify fake notes and to sort cash deposited by customers into different denominations.
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Frequently Asked Questions (FAQ)
What is the full form of CDM in Banking?
The full form of CDM is Cash Deposit Machine