You don't need an ATM card to withdraw money, use UPI in your phone - Exclusive News

If you want instant money and forgot your ATM card at the location, calm down and use UPI as an alternative. The Unified Fund Interface (UPI) has rapidly reworked India’s digital cost system and is now set to revamp the offline forex withdrawal system. One more addition to the existing list of benefits of using UPI. In response to Nationwide Funds Company of India (NPIC), UPI can now be used to withdraw cash from ATMs. A brand new feature known as Interoperable Cardless Money Withdrawal (ICCW) will allow anyone using UPI and not using a debit card to withdraw money from ATMs. ATM withdrawal through UPI ATM withdrawals using UPI will prevent ATM card related frauds like cloning, skimming and tampering with gadgets and for this RBI may also endeavor to ensure that ICCW provides the option for every major financial institution ATM. . Currently, the UPI withdrawal system is offered at ATMs of those banks: State Financial Institution of India (SBI), Punjab National Financial Institution (PNB), HDFC Financial Institution and more. Additionally, customers can withdraw money through UPI using GooglePay, PhonePe, Paytm and various UPI apps, most of which will be already registered. Also learn: What is ‘Aadhaar Mitra’? A brand new chatbot service from UIDAI Steps to withdraw money from ATM using UPI: * First, go to any ATM machine and select the ‘Withdrawal’ option. * Now select UPI. * Then the ATM machine will display the QR code. * You will want to scan the generated QR code by launching your UPI app. * After that, enter the amount to withdraw. However don’t forget that the highest limit is ₹5,000. * Finally, enter and enter the UPI PIN. * You are going to take money from the machine. This Post is publish on UNIQUE NEWS
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