In this paper, we present a theoretical proposal to realize Quantum Memory (QM) for storage of blue light pulses (420 nm) using Electromagnetically Induced Transparency (EIT). Three-level lambda-type EIT configuration system is solved in a fully quantum mechanical approach. Storing blue light has the potential application in the field of underwater quantum communication as it experiences less attenuation inside the sea water. Our model works by exciting the relevant transitions of [Formula: see text]Rb atoms using a three-level lambda-type configuration in a Two-Dimensional Magneto-Optical Trap (2D MOT) with an optical cavity inside it. We have estimated Optical Depth inside the cavity (ODc) of [Formula: see text], group velocity ([Formula: see text]) [Formula: see text][Formula: see text]ms[Formula: see text], Delay Bandwidth Product(DBP) of 23 and maximum storage efficiency as [Formula: see text] in our system.