TJSB Sahakari Bank has achieved a landmark feat by becoming the first bank in India to go live as a UPI-ICD (Interoperable Cash Deposit) Acquirer, reinforcing its leadership in digital innovation and customer convenience. This milestone marks another step in TJSB Bank’s ongoing journey toward driving technology-led transformation in the cooperative banking sector. The UPI-ICD framework, introduced by NPCI (National Payments Corporation of India), enables customers to deposit or withdraw cash at any participating bank’s machine using a simple UPI QR code, eliminating the need for debit cards or bank-specific authentication.

 

This advancement empowers customers with seamless, secure, and interoperable access to cash services. As part of this achievement, the PERTO Android Cash Recycler Machine of TJSB Bank is being showcased by NPCI at the Global Fintech Fest 2025, being held at the Jio World Convention Centre, BKC, Mumbai, from October 7 to 9. This initiative underscores TJSB Bank’s unwavering commitment to technology-driven innovation and enhanced customer experience under the visionary leadership of Sharad Gangal - Chairman and Nikhil Arekar - Managing Director & CEO. “This achievement reflects TJSB Bank’s continuous pursuit of technological advancement and customer-centric banking,” said Nikhil Arekar. “Becoming India’s first UPI-ICD Acquirer highlights our commitment to staying ahead of the curve and delivering next-generation digital solutions. It’s a proud moment for the entire TJSB family,” added Sharad Gangal.