RBI to roll out cash deposit facility via UPI
The Reserve Bank of India (RBI) has proposed allowing cash deposit facility at Cash Deposit Machines (CDMs) through UPI, which
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Cash
eRupee can’t be turned into cash directly, for now
The central bank digital currency (CBDC), or the eRupee, cannot be converted currently into cash and vice versa. The RBIwill
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Cash circulation up 83% since Nov 4, 2016, RBI data shows
Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on
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Massive jump in cash with public
Currency with the public has jumped to a new high of Rs 30.88 lakh crore, illustrating that cash usage is
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RBI to allow cardless cash withdrawals
The Reserve Bank of India (RBI) proposed to make card-less cash withdrawal facility available across all banks and ATM networks
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Proposed digital currency by RBI to reduce the cost of cash
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in
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Cash in use now at record 14.5% of GDP
The ratio of currency in circulation as a proportion of GDP touched a new high of 14.5% for fiscal 2020-21.
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