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HomeDigit NewsCardless Cash Withdrawal: You can withdraw money from ATM even without ATM...

Cardless Cash Withdrawal: You can withdraw money from ATM even without ATM card, just have to do this work

Cardless Cash Withdrawal: Need cash but forgot to take your debit or credit card? Hey hey don’t worry because UPI is going to help you. Unified Payments Interface (UPI) has already made our lives easier with card-less transactions and purchases. Adding to the benefits, the National Payments Corporation of India (NPIC) is restricting UPI, allowing users to withdraw money from ATMs through UPI. Interoperable Cardless Cash Withdrawal (ICCW) allows people to withdraw money from ATMs even when they do not have a card.

Use cardless cash facility in these banks

The Reserve Bank of India has also asked banks to provide ICCW alternatives to ATMs to prevent cloning, skimming and device tampering as well as card fraud. Cardless cash facility is available at ATMs of State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and others. UPI cash withdrawal facility can be availed using any UPI payment service providing apps like GooglePay, PhonePe, Paytm and other UPI apps.

How to withdraw cash from the ATM using UPI

Step 1: Visit any ATM machine and find and select the ‘Withdraw cash’ option on the screen.
Step 2: Next, select the UPI option.
Step 3: A QR code will appear on your ATM screen.
Step 4: Now open the UPI app in your phone and scan the QR code shown on the ATM machine.
Step 5: Enter the amount you want to withdraw. You can withdraw more than Rs 5,000.
Step 6: Enter the UPI PIN and tap on ‘Hit Proceed’ button.
Step 7: You will be able to receive your cash from the ATM machine.

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