Cardless Cash Withdrwal (Pixlr)
State Bank, HDFC Bank and ICICI Bank are already providing this service. Now other banks will also be involved in this. For this, changes will be made in the structure and working of ATMs. Let us know some important things about this facility.
Recently, the Reserve Bank of India has given cardless cash withdrawal to all banks.Cardless Cash Withdrawal) has been instructed to start the facility. Under this new facility, the customer will not need to withdraw money from the card at the ATM. Withdraw money UPI (UPI) through. The UPI app will be in your phone and money will be withdrawn from the ATM from the same app. This complete system QR code (QR Code) will operate. Some big banks of the country are already providing this service to the customers. But their number is few. The names of the big banks include State Bank of India, ICICI Bank and HDFC Bank which are offering cardless cash withdrawal facility from ATMs.
These are the banks that have their own ATM with cardless transactions. The ATM for cash withdrawal without a card is different and there is a slight difference in its operation from the normal ATM. Cardless ATMs have the facility to generate QR codes. One more thing should be noted that now we withdraw money from the card of any other bank from the ATM of another bank. But such facility is not available in cardless withdrawal. The Reserve Bank has also directed for interoperable cardless cash withdrawal. Under this, money can be withdrawn from other ATMs without a card.
What is Cardless Cash Withdrawal Service
For cardless cash withdrawal, the customer has to register on the bank’s mobile app. The registration work can also be done on the bank’s website. Money can be withdrawn from ATMs without using a card only after registration. These steps are being taken so that online and card related frauds can be stopped. There is a risk of card skimming, card cloning etc. by inserting a card in an ATM and withdrawing money. With UPI based cardless cash withdrawal, the dangers of fraud will be removed and the money and money of the customers will be safe.
Only a few banks in the country are currently offering the facility of cardless cash withdrawal. This facility is being provided on ‘on-us basis’ (ATM of own bank). But the Reserve Bank made a new announcement in the month of April and directed the banks that customers of other banks should also get the facility of withdrawing money from ATMs without a card. This facility will be given through UPI. State Bank, HDFC Bank and ICICI Bank are already providing this service. Now other banks will also be involved in this. For this, changes will be made in the structure and working of ATMs. Let us know some important things about this facility.
5 great things about cardless cash withdrawal
- Cardless cash withdrawal from ATMs will be possible through UPI and smartphone.
- The customer has to scan the QR code on the screen of the ATM and verify the withdrawal with the UPI PIN.
- With this service, customers will get better convenience as they will not need to use any physical card at the ATM.
- Cardless cash withdrawal will eliminate the risk of card skimming and card cloning
- At present, only a few banks are offering the facility of cardless cash withdrawal from UPI. These include SBI, ICICI Bank and HDFC Bank.
: Language Inputs