UPI’s new feature: Soon , you can deposit cash at ATMs through UPI, says RBI

Soon, you can deposit cash in banks through the popular Unified Payments Interface (UPI), a real-time payment system that facilitates inter-bank transactions via mobile phones.

In a significant decision, the Reserve Bank of India (RBI) on Friday said it will soon facilitate cash deposit facilities in banks through the popular UPI.

RBI Governor Shaktikanta Das highlighted that Cash Deposit Machines (CDMs) deployed by banks offer customers convenience and reduce the cash-handling burden on bank branches. Until now, the cash deposit feature at these machines has been available exclusively through debit cards.