Raising concerns over the impact of the reduction in fuel prices on inflation, the RBI governor said the “Two months ago the elephant in the room was inflation, and that elephant has now gone for a walk in the forest and we hope it remains there.”
CDMs or cash deposit machines lets you deposit cash directly into the bank account using the debit card, saving you the hassle of visiting your bank. With RBI letting UPI do the task, it brings in a whole new ease for your banking.