Any bank customer in India can take help of UPI payment system to scan and make payments. Along with this, if the customer wishes, he can also try to withdraw cash through his YONO mobile application. The bank launched this announcement of this new facility on the 68th Foundation Day celebrations of the bank.

Cardless cash withdrawal facility still in progress

Many people may have a question that they still do cardless cash withdrawal through UPI through SBI ATMs. But according to the recently received facility, the bank’s customers can now do cardless cash transactions through any other bank’s ATM. Customers can now withdraw cash from any ICCW-enabled ATM of any bank without any hassle using the ‘UPI QR Cash’ functionality. You don’t have to use a PIN or debit card. The transaction will be completed by simply scanning the dynamic QR code on the ATM screen.

Earlier, SBI Chairman Dinesh Khara launched 34 Transaction Banking Hubs at top 21 district centers across the country. Thereby providing multiple convenience for transaction, payment and collection needs under one roof. About which Khara said that keeping in mind the convenience of our customers and the rapidly growing digital payments, the Yono app has been redesigned. This will fulfill our goal of making ‘YONO for every Indian’ mission a reality.

YONO’S NAME CHANGED

SBI also informed that now YONO’s name has been changed to YONO FOR EVERY INDIAN. You can also use features like Customer Request Money, Pay by Contacts and Scan and Pay of any bank by updating your YONO app.

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Customers can withdraw money through the QR code displayed on the ATM. BOB said in a statement that it is the first public sector bank to offer cash withdrawal facility from ATMs through UPI.

The bank said that by availing its Interoperable Cardless Cash Withdrawal (ICCW) facility, customers of other participating banks using BHIM UPI and other UPI applications along with its customers will also be able to withdraw cash from ATMs. Customers will not need to use debit cards for cash withdrawal from Bank of Baroda (BoB) ATMs.

This is the process to withdraw money from UPI

To avail this service, the customer has to select the ‘UPI Cash Withdrawal’ option at the Bank of Baroda ATM. Then after entering the amount to be withdrawn, a QR code will be displayed on the screen of the ATM. This code needs to be scanned using the authorized UPI app for ICCW to authorize the transaction.

Transaction can be done twice in a day

The Bank’s Chief Digital Officer Akhil Handa said that the introduction of ICCW service will give customers the freedom to withdraw cash without using a card. At BOB ATMs, customers can do two transactions in a day and a maximum of Rs 5,000 can be withdrawn at a time.

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And anyway, when you need cash in an emergency situation, you cannot say. In such a situation, you will find an ATM, but what if you forgot to bring the ATM card itself? You might have heard the name of cardless cash withdrawal. If you have been withdrawing cash from ICICI Bank and HDFC Bank ATMs, then you must have seen this option on the screen of the ATM. You have the option that you can withdraw cash even without a card.

In May this year, the Central Reserve Bank had directed banks, ATM networks, white label ATM operators across the country to provide the facility of ICCW or Interoperable Card-less Cash Withdrawal at ATMs, so that with the help of this facility, they can withdraw from any ATM. You can go and withdraw cash without debit or credit card. Apart from this, RBI had also asked National Payments Corporation of India to make available cardless cash withdrawal facility with the help of UPI at ATMs.

If you are a customer of ICICI Bank, then know what are the features of this facility provided by your bank and how you can withdraw cash without card. According to ICICI Bank’s site, for this, you need to login to the iMobile app and initiate cardless cash withdrawal transaction. You can withdraw up to Rs 15,000 without a card from this bank’s ATMs across the country.

What is the cardless cash withdrawal process? (Cardless Cash Withdrawal at ICICI Bank ATM Process)
This process is quite easy. Let’s see how-

step 1-

– Open the iMobile app on your smartphone. If it is not there then download it from playstore.
– Go to Services and click on Cardless Cash withdrawal option.
– Enter the amount of cash to be withdrawn and a temporary PIN of 4 digit and select the account number from which the money is to be withdrawn.
Confirm the details shown on the screen and click on submit.
You will see a successful message when the transaction is completed.

Step 2-

You will get a 6 digit code on your registered mobile number from the bank, which will be valid for the next 6 hours. Within these 6 hours you have to withdraw cash from ATM.

Step 3-

Go to the ICICI Bank ATM and enter the requested details – Registered Mobile Number, Temporary PIN Number which you set. Digit with 6 code and how much money to withdraw.
On entering the correct details, the ATM will dispense your money.
– You have to withdraw the entire amount in one go, keep this in mind.

If you want to locate ICICI Bank, you can send SMS “ATMCC PINCODE” to the number 9222208888 for this.

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