I'm wondering if I can get cash from an ATM without using my card. I might have forgotten my card or it could be lost, so I need to know if there's a way to withdraw money just using my account information or something else.
6 answers
Claudio
Sun Oct 13 2024
The UPI-based cardless cash withdrawal system works by allowing customers to generate a unique QR code or a one-time password (OTP) using their mobile banking app. This code or OTP can then be scanned or entered at the ATM to initiate the cash withdrawal process.
Sofia
Sun Oct 13 2024
The Reserve Bank of India (RBI) has recently issued a directive to all banks operating in the country. This directive aims to enhance the convenience and security of cash withdrawals for customers.
SakuraTide
Sun Oct 13 2024
The implementation of this system is expected to boost the adoption of digital banking in India, as it simplifies the process of cash withdrawals and encourages more people to use digital payment methods.
Luca
Sun Oct 13 2024
As per the RBI's mandate, all banks are required to enable cardless cash withdrawals at their ATMs. This innovative feature will be accessible through the Unified Payments Interface (UPI), a popular and secure digital payment system in India.
GeishaCharm
Sun Oct 13 2024
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