Sunday, July 3, 2022
BusinessHow Can Withdraw money Cardless Cash Withdrawal at ATMs

How Can Withdraw money Cardless Cash Withdrawal at ATMs

Major banks like SBI, ICICI Bank and HDFC Bank offer this key facility.

How to Withdraw Cash from ATM Machine without ATM Card from Indian Bank, Canara Bank, ICICI, HDFC, Axis, SBI, Bank of India, Indian Ovearseas Bank, Bank of Maharashtra, Bank of Baroda, Syndicate Bank. Union Bank of India, Yes Bank ,IDBI Bank, Punkab National Bank, Federal Bank, Indusind Bank, Andhra Bank, Karur Vysya Bank, Kotak Mahindra Bank, Syndicate Bank and other banks.

According to the Reserve Bank of India, cardless withdrawals with UPI ID have been introduced at all ATMs in India. The facility has already been launched by a select few banks including SBI.

In this situation, the facility of withdrawing money without a card through ATMs is only available in some banks.

Cardless withdrawals across all banks and ATM networks using UPI ID are provided.

Accordingly, the facility of withdrawing money through UPI ID at ATMs without a card will facilitate cash transactions and card withdrawal for such transactions, which will help in preventing card skimming and card cloning scams.

With the convenience of withdrawing money without a card, the bank customer does not have to use their debit or credit cards when withdrawing money from ATMs. The system is currently present in various banks.


Read Also | SBI ATM New Withdrawal Rules Changes You Need to Enter OTP


Cardholders of various banks can withdraw money through their phone, even without a debit card.

The card holder will most likely need to use a mobile banking application. If you do not have debit cards, you will need to request a cash withdrawal at ATMs.

Cardless cash withdrawal facility can be used for self withdrawal. However, this facility is not yet available in many banks.

With the new announcement by the Reserve Bank, many more banks are expected to join to provide this service to its cardholders.

Previously major banks like SBI, ICICI Bank and HDFC Bank offered this facility. To avail this facility, customers can register at the respective bank’s application or website and withdraw money without a card. After that, it will be delivered to the customer later. It must be entered into the ATM machine. Only then can the money be withdrawn.

In this case, according to experts, this method will prevent ATM fraud. Because it uses mobile pin to make money. Cardless withdrawals use the UPI facility.

This service is operated by the sender by instant money transfer. This allows you to transfer money using only the mobile number of the user.

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