Top News

The central bank also decided to allow linking of PPI through third-party Unified Payments Interface (UPI) applications.

UPI Cash Deposit news in hindi: While announcing a big decision today, the Reserve Bank shared information which will benefit people a lot in the coming days. Let us tell you that soon people will be able to deposit money in banks through UPI.

RBI Governor Shaktikanta Das said he will soon facilitate cash deposits in banks through the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.

The central bank also decided to allow linking of prepaid payment instruments (PPIs) through third-party Unified Payments Interface (UPI) applications.

Announcing the first bi-monthly monetary policy of the current financial year, RBI Governor Shaktikanta Das said that cash deposit machines (CDMs) deployed by banks enhance customer convenience while reducing the cash-handling burden on bank branches. The facility is currently available only through the use of debit cards.

Governor Das said, “Given the popularity and acceptability of UPI, as well as the benefits seen from the availability of UPI for card-less cash withdrawals at ATMs, cash deposit facility can now be facilitated through the use of UPI.” It is proposed to do.” Operational instructions will be issued shortly, RBI said.

(For more news apart from UPI Cash Deposit Facility soon, rbi news in hindi, stay tuned to Read)

end-of