Public sector Bank of Baroda (BOB) has said that keeping in view the convenience of the customers, it has started Cardless Cash Withdrawal (ICCW) facility, in which a customer can withdraw cash from the bank’s ATM using UPI.

BoB released statement

BOB said in a statement that it is the first public sector bank to provide cash withdrawal facility from ATMs through UPI. The bank said that by taking advantage of its ICCW facility, customers of other participating banks using BHIM UPI (UPI) and other UPI applications along with their customers will also be able to withdraw cash from ATMs.

Will be able to withdraw cash from ATM

Customers will not need to use debit card to withdraw cash from Bank of Baroda’s ATM. To avail this service, the customer has to select the option of ‘UPI Cash Withdrawal’ 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 Then after entering the amount to be withdrawn, a QR code will be displayed on the screen of the ATM.

Let us tell you that this code has to be scanned using the authorized UPI app for ICCW and authorized for the transaction. The bank’s chief digital officer Akhil Handa said the introduction of the ICCW service would give customers the freedom to withdraw cash without using a card.

Withdrawal of Rs.5,000 can be done

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 Customers can do two transactions in a day and a maximum of Rs.5,000 can be withdrawn at a time.

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At present, there are many such banks whose card you can withdraw money from without using the ATM, but now the Reserve Bank has increased the scope of the bank. Now almost all the banks are providing the facility to withdraw money.

Major banks like State Bank of India (SBI), HDFC Bank and Punjab National Bank (PUB) provide cardless card withdrawal facility. The advantage of withdrawing money at ATMs without credit and debit cards is that it prevents situations like card loss, incorrect PIN transition and card theft at ATMs. Instead of card, you can withdraw money from ATM with the help of UPI. Let us tell you how to withdraw money from ATM without card.

To withdraw money through UPI, the following are the things that you must have in your mobile phone. To withdraw money from an ATM, you need to have a bank account and install any UPI-based payment app like GPay, PhonePe, BHIM, etc.

You must have an internet connection.

What are the procedures to withdraw cash through UPI?

Step 1: First of all, go to any ATM and select “Withdraw Cash” option
Step 2: From “Withdraw Cash” option, you need to select UPI option on the ATM screen. The QR code will show on the ATM screen.
Step 3: Now, you need to open any UPI payment app on your phone and turn on the QR code scanner.
Step 4: Start scanning the QR code shown on the ATM screen.
Step 5: After scanning, you need to select the amount you want to withdraw.
Step 6: Next, hit the Proceed button and enter your UPI PIN to withdraw money.

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The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

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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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