Now you can withdraw cash from an ATM through UPI. Soon you will also be able to deposit cash with the help of UPI. That means you will not have to go to the bank branch to deposit cash in your account. You will be able to do this work through a Cash Deposit Machine (CDM). Currently, debit cards are used to deposit cash through CDM. Shaktikanta Das of the Reserve Bank of India gave this information on Friday. The RBI Governor did not give any specific date for when this facility will start.
Announcing the monetary policy, Shaktikanta Das said that in the coming time, money can be deposited in the cash deposit machine through debit card as well as UPI. Let us tell you, at present the facility to withdraw cash from ATM through UPI is available. You can easily withdraw cash using the cashless facility at any bank ATM.
Decision was taken in view of the increasing popularity of UPI
Shaktikanta Das said that given the popularity of UPI, there is now a proposal to provide a cash deposit facility through it. Cash deposit machines installed by banks not only increase customer convenience but also reduce the burden of handling cash on bank branches. RBI Governor said that operation instructions will be issued soon to facilitate cash deposits.
Central bank will launch an app for retail investors
While announcing the monetary policy, the Reserve Bank Governor also made another important announcement. He said that RBI will soon launch the app in Retail Direct. Through this, investors can easily invest in government securities directly with RBI. At present, you can open an account with the central bank to invest directly in government securities through the RBI portal.
No change in the repo rate
The results of the Monetary Policy Committee meeting of the Central Reserve Bank (RBI MPC Meeting) have come out. The Reserve Bank has once again decided to keep the repo rate at 6.5%. Given the stability in the inflation rate and economic activities, the committee led by Reserve Bank Governor Shaktikanta has decided to keep the interest rates stable.
Follow our Whatsapp Channel for latest update
https://whatsapp.com/channel/0029VaBgLMfGU3BO99EQv62t
-
Krunal Pandya: Despite suffering such a big injury, being unfair to Krunal Pandya? Their rights were snatched away!
-
ICC Annual Ranking: Team India tightens its grip on number-1 position, Pakistan suffers loss
-
UP Accident: CCTV Captures Fatal Crash Between Auto And 108 Ambulance In Agra
-
Decorate Laddu Gopal on Apara Ekadashi, see new dress design. Laddu Gopal Latest Dress Designs For Apra Ekadashi 2026
-
‘No power to India…’, PM Modi gave aggressive message to the world from Somnath – News Himachali News Himachali
