What is UPI Interoperable Cash Deposit (UPI-ICD)?
UPI-ICD (Interoperable Cash Deposit) is a digital banking service introduced by the National Payments Corporation of India (NPCI). It lets you deposit cash using a UPI app—without using a debit or ATM card—at any bank’s cash deposit machine (CDM) that supports UPI ICD.
This means you can add money to your own account or someone else’s using:
- Their mobile number linked to UPI
- Their UPI ID (VPA)
- Their bank account number and IFSC code
Key Features of UPI-ICD
| Feature | Description |
|---|---|
| Cardless Deposit | No need for ATM or debit card |
| Interoperable | Works across multiple participating banks and machines |
| Deposit Limit | Less than ₹50,000 per transaction (actual limit depends on your bank) |
| Third-party Deposits | You can deposit into someone else’s account |
| Secure & Instant | Uses UPI authentication and real-time crediting |
Step-by-Step Process to Use UPI-ICD
Step 1: Visit a UPI-ICD Enabled CDM
Find a Cash Deposit Machine (CDM) that supports UPI-ATM Interoperable Cash Deposit.
Step 2: Select ‘UPI Cash Deposit’ Option
Tap on the “UPI Cash Deposit” option. A dynamic QR code will appear on the screen.
Step 3: Scan QR Code Using Your UPI App
Open your UPI-enabled app (like Paytm), scan the QR code, and select the beneficiary account (your own or someone else’s).
Step 4: Confirm the Beneficiary Details
Check the name that appears in your UPI app. If correct, enter your UPI PIN to approve the transaction.
Step 5: Deposit the Cash
Once approved, insert the cash into the machine. After the machine counts and verifies the cash, the amount will be credited to the selected bank account.
Where Can You Use UPI-ICD?
As of October 2024, several banks and cooperative banks support UPI ICD. Some of the active issuer/acquirer participants include:
- Commercial Banks: Bank of Baroda, HDFC Bank, Canara Bank, Union Bank, Punjab National Bank, Yes Bank, etc.
- Co-operative Banks: Janata Sahakari Bank, Saraswat Co-operative Bank, Thane Janata Sahakari Bank
- UPI Apps: BHIM, Paytm, and other UPI-enabled applications
For the most updated list, visit the official NPCI UPI ATM page
