ATM: Just scan the UPI code and withdraw money without the card at the ATM RBI directs bank to offer cardless cash withdrawal facility across atm

Mumbai: The common man will soon have great convenience. Without debit card (without Debit card(From ATM)ATM) This is a withdrawal facility. The RBI had been preparing for it for days. Now the RBI has instructed the banks for this. You already know the news, but you may still be wondering what the benefits will be, and how this feature will work. All banks and ATM machine operators in the country will be required to withdraw cash without a card, the RBI said.Reserve Bank of India) Said in your notification. Few banks in the country are currently offering cardless cash withdrawals from ATMs. ICICI Bank and HDFC Bank take the lead in providing such facilities.

The revolution in UPI payments has revolutionized the banking sector. Now this is the UPI payment app that will be useful to you in ATM. There is no need to use debit card in ATMs anymore. In some parts of the country, money can be withdrawn from ATMs through UPI payments. The facility will soon be launched in all ATMs across the country. The Reserve Bank of India (RBI) has issued guidelines in this regard. UPI Payment App Paytm, Google Pay, Amazon Pay, Phone Pay along with the UPI Payment App you are using.

Debit cards will be deported

With this new method your debit card will be excluded from the transaction. Customers will prove their authenticity by using the UPI PIN and the amount will be withdrawn from the ATM machine. What is special is that the process of withdrawing money from ATM through UPI app will be completely free. Due to its secure and fast service during the Kovid period, digital payments became popular among the people and this transaction increased tremendously. The UPI service launched by the National Payments Corporation of India (NPCI) has played a major role in this.

Withdraw such amount without card

Withdrawals from cardless ATMs are only available at certain banks. It will soon be launched in ATMs across the country. The ATM machine will have to be modified slightly for UPI payment. In this, the option of UPI payment has to be given in the ATM machine. You have to enter the QR code on the screen of the ATM machine. The customer will have to use the UPI app in his mobile to withdraw the amount. The customer has to register his desired amount in the ATM machine. Then you have to choose the UPI payment option. The QR code displayed on the screen of the ATM machine will have to be scanned by one of the UPI payment apps you have: Bhim, Google Pay, Amazon, Phone Pay, Paytm. You will need to enter your PIN. You have to press the submit button. After that the amount in the account will be diverted and you will get it from the ATM machine in the form of cash.