
Withdraw Money without ATM: Withdrawal of cash from ATM has become even easier now. The ATM cash withdrawal system has been upgraded to Interoperable Cardless Cash Withdrawal (ICCW).
This system helps users to withdraw cash from ATM using UPI App instead of debit or credit card. The advantage of withdrawing money from an ATM without a credit or debit card is that it avoids situations like lost cards, rejected transactions due to incorrect PIN and ATM card theft. Let us also tell you how you can withdraw cash from ATM without using debit or credit card.
What is Cardless Cash Withdrawal Transaction?
Customers using the cardless cash withdrawal facility need not use their debit or credit cards to withdraw cash from ATMs
Cardless Cash Withdrawal Features
- If you use the cardless cash withdrawal facility, you do not need to carry your debit or credit card while withdrawing cash from the ATM.
- Cardless withdrawal is available pan India 24 hours a day, 7 days a week.
- It is a safe way to withdraw cash from ATM as it dispenses cash using mobile PIN.
- On receiving cash without card, there is a daily transaction limit. You can withdraw Rs 5,000 per day. Some banks have reduced this limit to Rs 10,000.
How to withdraw money without ATM card:
- Visit any ATM and choose the cash withdrawal option.
- On the screen of the ATM machine, select the UPI option.
- You will see a QR code on the ATM screen.
- Open any UPI app on your phone and activate the QR scanner code.
- After scanning the code, enter the amount you want to withdraw.
- Click on Proceed and enter UPI PIN to withdraw money.
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