RBI Announces Cash Deposit Facility Via UPI, No Need Of ATM Card Now, Check Details

The Reserve Bank of India Governor Shaktikanta Das on Friday announced a proposal for a new UPI-based cash deposit facility. This announcement came during the unveiling of the first monetary policy statement for the fiscal year 2024-25. UPI has primarily been used for peer-to-peer transactions, bill payments, merchant transactions and other digital payments. Now, with…

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