What Is a Cash Deposit Slip and How to Fill One Correctly?

Online transactions are now the new norm. This is particularly so for younger generations who are technologically savvy. Nevertheless, paper-based transactions such as cash deposits remain a common banking practice. Cash deposit slips must be completed when you make a physical cash deposit into an account. It is for this reason that you should know what a banking deposit slip is. 

Read on to learn what bank deposit slip is, how it functions and how to complete one accurately.

What is a Bank Deposit Slip?

A bank deposit slip is essentially a paper-based form. This form is provided by banks when you need to deposit money into your account. The form has blank spaces to fill in details like your name, account number, amount to be deposited, date and denomination breakdown. All you have to do is fill out the form correctly and hand it to the bank employee along with the cash. They will then verify the information and credit the required amount to your account. Filling deposit slip basically acts as a formal record of your deposit.

What is a Deposit Ticket?

A deposit ticket is another term for a deposit slip. Both refer to the form you fill out when depositing cash or cheques into a bank account. The term ‘deposit ticket’ is not commonly used by all banks. However, it is an important part of the cash deposit process.

The format for these slips may vary slightly with each bank. However, most of the key fields remain the same. 

Here’s an example of deposit slip:

Date: 11/04/2025
Depositor’s Name: Rohan Mehta
Account Number: 123456789012
Type of Deposit: Cash
Amount: ₹10,000
Denomination Breakdown:

• ₹500 × 10 = ₹5,000
• ₹200 × 10 = ₹2,000
• ₹100 × 30 = ₹3,000

Signature: Rohan Mehta

These deposit slips also have a section for the bank to stamp once the transaction is completed. Banks also keep pre-filled sample deposit slips at all branches for reference. 

Why Is a Deposit Slip Important?

A deposit slip serves 3 purposes:

• It records the details of your cash deposit
• It helps the bank verify the amount and process your transaction
• It gives you a stamped copy as proof of deposit

You might use a deposit slip for different reasons. It could be to add money to your savings account, pay off a loan or top up a fixed deposit. Filling it correctly makes sure your money reaches the right place.

How to Fill Bank Deposit Slip?

Let’s walk through how to fill bank deposit slip in a few simple steps:

1. Pick up the deposit slip from your bank branch counter
2. Write your name clearly in the space provided
3. Enter the account number where you want the money deposited
4. Write the date of the deposit
5. Mention the deposit amount in both words and numbers
6. Add denomination details (like how many notes of ₹500, ₹100, etc). If you’re filling deposit slip for a cheque deposit, mention the cheque number and bank name
7. Sign the slip at the bottom
8. Tear off the customer copy and give the rest, along with the cash, to the bank staff

Please make a note: Do carry your PAN details if you’re depositing over ₹50,000 in cash. 

Benefits of Deposit Slips

For banks, they’re a way to track all cash and cheque deposits made during the day. This helps keep records accurate and reduces manual errors. 

For customers, a deposit slip is like a receipt. It shows the bank received your money and added it to the right account. If there ever is a mistake, you can use the slip to raise a query. Because it contains information such as denominations and not simply the amount, it provides much more clarity.

The Bottom Line

Completing a banking deposit slip is an everyday process and is important in ensuring that your money goes into the bank safely. It helps the bank process your transaction without delays and gives you a written record. Whether you’re depositing money into your own account or someone else’s, taking a minute to double-check the details can save you trouble later.

And if you need quick funds without wanting to deal with paperwork or long queues, Fibe’s Instant Cash Loan can help. You can easily access up to ₹5 lakhs without any tedious paperwork or collateral. Just apply through the Fibe App and get the funds straight to your account in 2 minutes!

FAQs on Deposit Slips

1. Should I list each currency note separately or just the total amount?

It’s better to list each denomination separately. It enables the bank to instantly verify the cash. It even avoids problems in case of any discrepancy later.

2. Can I fill out a deposit slip for someone else?

Yes, absolutely. You can easily complete a deposit slip for someone else. You simply need to make sure that you fill out the correct account number and other details.