Cash Deposit By UPI: Remember those childhood days when bank work meant standing in line for hours to deposit or withdraw money, going to the bank was the only way. But technology has done wonders. Today, if we have a smartphone, the bank is in our pocket. Now there is neither the hassle of long lines nor the need to go to the bank again and again.
The convenience of online transactions has put everything at your fingertips. And now things like UPI have made it even easier. Now there is no need to go to the bank even to deposit money. With the help of UPI, you can deposit money directly into your account (Cash Deposit By UPI) within minutes.
Cash Deposit By UPI – Now money can be deposited in CDM even if there is no debit card.
Remember those long lines outside the bank? Now that era is gone! Today there are machines like CDM. With the help of these machines, you can deposit money in your account without going to the bank.
You can withdraw money from ATM even without debit card
Remember those days when a debit card was necessary even to withdraw money from an ATM? Forget those moments. Today there are things like UPI.
Till some time ago, ATM meant only withdrawing money from debit card. But now UPI has added color to this also. Now like ATM, UPI can be used on CDM also. That is, forget the debit card!
If you have a mobile phone and UPI is activated on it, then you can deposit money in your bank account within minutes by going to CDM. Apart from this, let us tell you that recently UPI has also been launched in France, which means you can use UPI in France also.
Cash Deposit By UPI – How to deposit money?
As we told, the facility to deposit money through UPI on CDM has not started yet. But this is also going to happen soon. Reserve Bank of India is working towards implementing this system.
This means that in the coming time you will get the option of UPI on CDM machines. But for now, we will have to wait a bit. However, we can guess how it could be.
- Take your mobile phone and go to the cash deposit machine.
- Click on UPI Cash Deposit option on the screen of this machine.
- Enter the bank account number in which the money is to be deposited.
- After entering the bank account number you will see a QR code on the screen.
- Then open your UPI app and scan the QR code.
- Insert money into the CDM machine and let the money get deposited.
- After that the money will be deposited in your bank account. Such message will come on your mobile.
The system is currently being updated to deposit from UPI on CDM. RBI has not yet explained how money can be deposited on CDM through UPI.
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