RBI proposes depositing cash in Cash Deposit Machines using UPI; widens scope of CBDC
Mumbai (Maharashtra) [India], April 5 (ANI): The Reserve Bank of India has proposed cash deposit in banks through Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI payments through Prepaid Payment Instruments (PPI) wallets. Announcing the monetary policy outlook, RBI Governor Shaktikanta Das said, "Deposit of cash through Cash Deposit Machines (CDMs) is primarily being done through the use of deb