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Interoperable Cash Deposit (ICD)

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UPI ATM – Interoperable Cash Deposit (UPI-ICD)

UPI-ICD (Interoperable Cash Deposit) is a service that allows customers of participating banks who are active on UPI to deposit cash at any bank's cash recycler or deposit machine that supports UPI-ICD without the need for a card. Customers can deposit cash into their own accounts or into any other bank account using one of the following methods - (a) a mobile number linked to UPI, (b) VPA, or (c) the beneficiary's account IFSC code via a UPI-ICD-enabled app.

When the customer selects the "UPI cash deposit" option at the cash recycler or deposit machine (CDM), a dynamic QR code appears on the CDM screen. The customer then scans the QR code using their UPI app and selects the beneficiary's account for the deposit. The beneficiary's name displays on the UPI app for confirmation. The customer verifies the beneficiary and authorizes the transaction using their UPI PIN. Once authorized (including both the depositor's authentication and the beneficiary's account validation), the customer is prompted to deposit cash into the CDM's cash slot. After the CDM verifies the cash, the deposit is completed, and the beneficiary's account is credited through UPI.

The deposit can be done in a UPI-enabled own account or third-party account.

Customer Journey:
Some of the main features of the UPI-ATM ICD service are as follows:

Some of the key features of the service are as follows:

  • Interoperable
  • Cardless Transaction
    • Transaction limit is less than Rs.50,000/- per transaction. The UPI-ICD transactions allowed to a customer shall be as per the limits defined by Bank.
  • Wider reach with third-party deposits using either of the below given Beneficiary’s details:
    • Beneficiary’s UPI Number (Mobile Number)
    • Beneficiary’s Virtual Payment Address (VPA)
    • Beneficiary’s Account Number & IFSC
List of commercial Banks/WLAOs and UPI APPs enabled for offering UPI-ATM – Interoperable Cash Deposit using UPI
Sr. No Bank Name Issuer Acquirer UPI APP
1 BHIM UPI App NA NA Live
2 AU Small Finance Bank Live - -
3 Axis Bank Pilot Live - -
4 Bank of Baroda Live - -
5 Canara Bank Live - -
6 Central Bank of India Live - -
7 HDFC Bank Live - -
8 Hitachi NA Live -
9 IDFC Bank Live - -
10 Indian Bank Live - -
11 Indian Overseas Bank Live - -
12 Punjab National Bank Live - -
13 Ujjivan Bank Live - -
14 Union Bank Of India Live - -
15 Yes Bank Live - -
List of RRBs/ Co-operative Banks and UPI APPs enabled for offering UPI-ATM – Interoperable Cash Deposit using UPI
Sr. No Bank Name Issuer Acquirer UPI APP
1 Janata Sahakari Bank Live - -
2 Saraswat Co-operative Bank Live - -
3 Thane Janata Sahakari bank Live - -

As on October 2024

Note: Customers of (Live) Issuer banks’ can do card less cash deposit transaction using the UPI APP on UPI-ATM enabled machines of Acquirer Banks/WLAOs