UPI ATM Cash Withdrawal: In today’s digital age, almost every work can be done through smartphone. Online shopping, paying electricity bill or sending money to someone – everything is now easily done on digital platforms. Still, sometimes such situations arise when we need cash. Earlier, if the ATM card was left at home, there would be trouble, but now it is not so. Now you can withdraw money from ATM without card through UPI present in your smartphone.
What is cardless cash withdrawal facility?
Following the instructions of the Reserve Bank of India (RBI), many banks are providing cardless cash withdrawal facility in their ATMs. In this facility, you do not need to insert your debit or credit card in the ATM machine. You can easily withdraw money just with the help of your mobile phone and UPI app. This method is also considered more secure than before because there is less risk of card cloning or PIN theft.
Which banks are providing this facility?
Many big banks of the country have already provided this facility to their customers. These include major banks like State Bank of India (SBI), HDFC Bank (HDFC), ICICI Bank (ICICI) and Punjab National Bank (PNB). Gradually other banks are also implementing this facility in their ATM networks.
How much money can be withdrawn at one time
Some limits have been set for withdrawing money from ATM through UPI. Generally, customers can withdraw a maximum of Rs 10,000 at a time. At the same time, permission has been given to withdraw cash up to Rs 20,000 in a day. This limit has been set for safety and better control.
What is required for this feature
If you want to use this service, you must have an active UPI app on your smartphone, like Google Pay, PhonePe, Paytm or the official UPI app of the bank. Apart from this, it is also necessary to have an internet connection in your phone, so that the transaction can be verified immediately.
How to withdraw money from ATM without card
First of all go to such ATM where UPI Cash Withdrawal facility is available. Select “UPI Cash Withdrawal” option on the machine screen and enter the amount to be withdrawn. After this a QR code will appear on the screen. Now open the UPI app in your mobile and scan that QR code. After this, select the bank account and enter the UPI PIN and confirm the transaction. As soon as the payment is successful, the money will come out of the ATM machine.
Major benefits of cardless cash withdrawal
The biggest advantage of this facility is that now there is no need to worry about losing or forgetting the card. Besides, reducing the use of physical cards also prevents frauds like card skimming. Even if you are out somewhere and do not have an ATM card, you can still easily withdraw cash.
New feature becoming increasingly popular
With the increasing use of digital banking, cardless cash withdrawal facility is becoming increasingly popular. This facility is expected to be available in most ATMs in the coming time, which will make it easier and safer for people to withdraw cash.
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