RBI MPC Meet: RBI permits UPI payments at CDMs for cash deposits
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…
