In its first bi-monthly committee meeting for FY24–25, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday proposed to permit 3rd party UPI apps to make payments and cash deposits at Cash Deposit Machines (CDMs) using UPI (Unified Payments Interface).
Addressing the RBI MPC meet 2024 today, Das said, “Deposit of cash through CDMs is primarily being done through debit cards. Given the experience gained from cardless cash withdrawal through the UPI at the ATMs, it is now proposed to facilitate the deposit of cash in CDMs using UPI.”
 Governor Shaktikanta Das on Friday proposed){kind=link}