While announcing the decisions of the Monetary Policy Committee on April 5, 2024, RBI Governor Shaktikanta Das mentioned, "Deposit of cash through cash deposit machines (CDMs) is primarily being done through the use of debit cards. Given the experience gained from cardless cash withdrawal using UPI at the ATMs, it is now proposed to facilitate deposit of cash in CDMs using UPI." Customers can soon deposit cash at cash deposit machines (CDMs) at ATMs through UPI app. Read The Rest at :
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