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RBI adds more features to UPI: Soon, you can deposit cash at ATMs via UPI
Soon, you will be able to deposit cash in banks through the popular Unified Payments Interface (UPI), a real-time payment system that facilitates inter-bank transactions via mobile phones. The Reserve Bank of India has announced that it will soon enable cash deposit facilities in banks through the popular UPI. While the RBI plans to issue operational guidelines for this service shortly, here's a quick explainer on what this means for consumers.