<h1>RBI Grants NPCI In-Principle Approval for Interoperable Cash Deposits in NFS; Pilot Launch Expected in 3 Months.</h1> The National Payments Corporation of India (NPCI) has received in-principle approval from the Reserve Bank of India (RBI) to introduce Interoperable Cash Deposit in the National Finance Switch (NFS), subject to certain conditions. This service will allow participating NFS member banks to deposit cash in other banks' Cash Deposit Machines (CDMs) with a transaction limit of Rs. 46,999. Under the Aadhaar Enable Payment System (AEPS), banks are providing interoperable micro ATMs for payment services. Following final approval from the RBI, a pilot launch is planned within three months. This information was shared by the Minister of State in the Ministry of Finance in the Lok Sabha.