SBI Green Channel Counter (GCC): An ultimate guide

What is SBI ‘Green Channel Counter’ (GCC)?

On State Bank Day, the bank inaugurated the ‘Green Channel Counter (GCC) facility on 1 July 2010 at 57  branches open across the country. In honor of its 204th birthday, the bank took an unprecedented move toward paperless ‘Green Banking’ for deposit, withdrawal, and remittance activities.

Customers will find it easier and more comfortable to conduct business at branches with this feature. Customers do not need to fill out pay-in slips or write checks to deposit or withdraw funds from their accounts, which saves paper and contributes to the concept of ‘Green Banking.’

As a result, the GCC strives to make daily banking transactions simple, secure, and rapid for our customers. It makes it easier for customers because they don’t have to remember their 11-digit account number or carry a passbook to fill out pay stubs or withdrawal paperwork, etc.

What is SBI green channel transfer limit, withdrawal limit, deposit limit?

  • This system allows for cash deposits, withdrawals, and financial transfers up to Rs 40,000.

How to send/transfer money to other banks using Sbi green channel (GCC)?

GCC is a new technique for transferring money from one bank to another. The abbreviation GCC stands for green channel counter. SBI pioneered this, however, it is now seen in other Indian commercial banks such as Indian Overseas Bank and PNB.

You do not need to fill out any forms to send money through GCC. You can utilize a really straightforward procedure.

  1. First step is to check whether the bank has GCC or not in bank.
  2. First and foremost, you must determine whether GCC is present in the bank. Mostly this service is available at almost all SBI banks.
  3. Swipe your debit card in transaction processing device (TPD)
  4. The transaction processing device can be found in GCC. This device will function similarly to the little machine that you might see on a bus when the ticket conductor collects the fare and issues tickets using the small machine.
  5. Now, choose a method for transferring your funds. Fill in your PIN and the account number of the person to whom you want to send money. Write the money, and you’ll get a print receipt if you’re successful. Your account has been debited, and your beneficiary account has been credited, according to this receipt.

Are there any processing fees for SBI GCC?

  • The standard banking fees would apply.

Benefits of using the Sbi green channel

  • The queue might be avoided because each branch will have several green channel counters.
  • It’s simple and easy to operate.
  • This would reduce processing time, stationery costs, and infrastructure requirements.
  • Transfer of funds between domestic debit, credit, and pre-paid cards is possible, subject to the same transaction and monthly limits as before.
  • It is also an effort to make transactions as simple as possible for senior persons, particularly the significant percentage of pension account holders who still prefer branch banking.

Procedure to use SBI green channel

  1. It’s a Teller-staffed counter with a Transaction Processing Device (TPD) attached to the terminal, similar to a POS machine.
  2. Customer swipes his or her Shopping cum Debit Card, chooses a transaction, and inputs the amount and PIN.
  3. The transaction is subsequently transmitted to the Teller’s terminal, where the Teller inputs the cash denominations to be paid/received, then pays/receives cash and completes the transaction.
  4. A printed receipt generated by TPD is given to the customer.
  5. This receipt is a fraction of the size of a standard voucher.
  6. Furthermore, because each transaction generates only one receipt, there is no waste of paper.

 

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