RBI Facility: If you have a bank account then this news can be special for you. Let us tell you that a special facility has been started by RBI for the customers. The special thing about this facility is that now you can deposit cash through UPI. Let us tell you that a special service has been started by the Governor of the country’s largest bank RBI, T Rabishankar, to make the way of depositing cash easier.
Under this facility, customers will be able to deposit money from ATM without using any debit card. This service has been named UPI Interoperable Cash Deposit. Which has been prepared by NPCI.
Benefits of RBI facility
Talking about the benefits of this special facility of RBI, under this, customers will not need an ATM card to deposit money. After the arrival of this facility, the use of debit card may decrease. With this, the fraud happening every day will also decrease.
Let us tell you that even before this, UPI cardless system is being operated. According to this, this facility is inspired by this. Through this, it will be very easy for customers to deposit cash. This facility will be started by NPCI in the next month.
The bank is considering to implement this facility gradually. That is, the facility will be operated through the entire process. So that the facility can be implemented on most ATMs in the coming days. Depositing cash through this will be very safe.
Know how the facility will work
Let us tell you that the simple purpose of this facility of RBI is to make the process of depositing cash easier. In such a situation, let us know how it will work. If you go to deposit ATM cash, then you have to choose the cash deposit option on the ATM screen, after that click on the OK button. Now you have to enter the mobile number, virtual payment address and IFSC code. Now keep the cash in the slot and click on the cash deposit option, after which all the money will be deposited directly in your account.