00:00 Now you can withdraw cash from ATM through UPI, but you can also deposit cash through UPI.
00:07 That means you don't have to go to the bank branch to deposit cash in your account.
00:12 You can do this with Cash Deposit Machine i.e. CDM.
00:16 Let's understand this in detail.
00:18 Actually, RBI has taken a big decision on the success of Card Cash Deposit.
00:23 Now you don't need a debit card to deposit money in the ATM.
00:28 Till now, many banks have provided the facility of cardless deposit.
00:32 But RBI has taken one more step and added the facility of UPI to deposit money.
00:38 Now let's tell you how you can do this.
00:41 So, RBI has announced this, but no clarification has come out from the banks as to how this will work.
00:50 But whatever information has come out so far, this system of cash deposit from UPI will be like the withdrawal process.
00:59 Now if you want to withdraw cardless cash, you have to choose the option of UPI cardless cash.
01:05 After that, you have to choose the amount and after scanning the QR code, you can withdraw money by entering UPI PIN.
01:12 The system of depositing money is also going to be something like this.
01:15 That is, you will be given the option of UPI QR code on the ATM screen.
01:20 When you scan it, you will have to enter the bank details.
01:25 That is, after scanning the QR code, when you enter UPI PIN, your banking details will be visible on the screen.
01:32 Here you will be asked to confirm the details.
01:36 Once you confirm it, you will have to keep the ATM machine in cash.
01:40 After this, the whole process will be the same as it is done during cardless deposit.
01:45 Now what will be the benefit of this?
01:47 So before the benefit, let me tell you that its date has not been told yet.
01:51 When will this facility start?
01:53 But it has a lot of benefits.
01:55 Because if you use this facility, then you will not have to wait for the time of the bank.
02:01 You can go and deposit money anytime.
02:03 A while ago, the facility to withdraw money from UPI was given by RBI.
02:09 You do not need to do anything special to withdraw money from UPI.
02:13 You can get cash after simple UPI.
02:16 That is, cardless cash withdrawal was still done from the ATM.
02:20 Currently, many users are using debit cards with cash to deposit money in the ATM.
02:25 These cash deposit machines have helped a lot in reducing the work of bank employees.
02:30 This has also reduced the long lines in the bank.
02:33 That is why it has been decided to expand this service further.
02:37 How did you like the new facility of RBI?
02:39 Do tell us by commenting.
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