Cardless Cash Withdrawal: Now, you don’t need a card to withdraw money from an ATM. You can easily withdraw money using your smartphone and the UPI app. This Interoperable Cardless Cash Withdrawal (ICCW) technology is secure and convenient.
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Cardless Cash Withdrawal: It’s no longer necessary to carry a card with you to the bank. Many ATMs in India now make it possible to withdraw money without a card, using just your smartphone and a UPI app. This is called Interoperable Cardless Cash Withdrawal (ICCW). This method is safe, easy, and useful for everyone.
Withdrawing money from an ATM without a card is now easy.
Previously, people would bring their debit cards to ATMs, often fearing forgetting their PIN or card skimming. Now, with ICCW technology, people can withdraw money using UPI apps like Google Pay, PhonePe, Paytm, and BHIM. Simply scan the ATM’s QR code and verify with the UPI PIN. No card required, no hassles.
Easy Withdrawal Process
The process is very simple with this new system. Visit any ICCW-supported ATM, select ‘UPI Cash Withdrawal’, enter the amount (from ₹100 to ₹10,000), scan the QR code, and confirm with a PIN. The money is disbursed within minutes. Each QR code is valid for only 30 seconds, reducing the risk of fraud. If you attempt to withdraw more than the bank’s daily limit, the ATM or app will immediately notify you.
Why is this feature important?
This feature has made banking easier for the elderly and those living in rural areas. The hassles of losing cards, forgetting PINs, or waiting in long queues are now gone. This feature is very convenient for young tech-savvy people. The bank plans to integrate more ATMs and apps with ICCW in the future.
Conclusion: Cardless withdrawals from ICCW are now a reality. This feature is secure, fast, and convenient for everyone. Soon, people in every corner of India will be able to benefit from this technology.
