SYSTEM, METHOD AND ARTICLE OF MANUFACTURE FOR FACILITATING INSTANTANEOUS CASH DEPOSIT

The present disclosure relates to financial instrument having monetary value associated with it and system and method for using such financial instrument. The financial instrument is generated by a bank and further issued to retailer for further distribution. The customer who wishes to deposit cash amount into a specific bank account in the offline environment may buy such financial instrument from the retailer's location. At the time of buying, the financial instrument is activated by the bank's server (system) upon authentication of retailer's and customer's identity. After activation, the retailer/customer may initiate the deposition of the cash amount by redeeming the financial instrument. The redemption may be carried out by various authentication techniques. Once the retailer and the customer are successfully authenticated, the cash amount is instantly deposited into the given bank account. The deposited cash amount is equivalent to the financial instrument purchased by the customer.