Explained: Here’s how to withdraw cash from ATMs via UPI
The RBI has announced that all bank ATMs in India will support the cardless cash withdrawal facility.
New Delhi: The Reserve Bank of India (RBI) recently announced that all bank ATMs in India will support the cardless cash withdrawal feature, which was, till now, offered by a limited number of lenders in the country.
While announcing the RBI Monetary Policy Committee decisions, RBI Governor Shaktikanta Das proposed to make the cardless cash withdrawal facility available across all banks and ATM networks using the UPI.
Cardless cash withdrawal facility
![Cardless cash withdrawal facility Cardless cash withdrawal facility](https://english.cdn.zeenews.com/sites/default/files/2022/04/14/1031649-untitled-design-2022-04-14t124509.838.jpg)
The cardless cash withdrawal facility allows bank customers to take out cash from ATMs without using their debit or ATM cards. Several banks allow customers to use the facility using their mobile number or app.
For instance, ICICI Bank lets customers withdraw cash using the iMobile app. However, such banks are limited in number, and that’s a major reason why UPI-based cash withdrawal could prove to be a game-changer.
Here’s how cardless cash withdrawals via UPI could work
![Here’s how cardless cash withdrawals via UPI could work Here’s how cardless cash withdrawals via UPI could work](https://english.cdn.zeenews.com/sites/default/files/2022/04/14/1031648-untitled-design-100.jpg)
Cardless cash withdrawals using UPI
![Cardless cash withdrawals using UPI Cardless cash withdrawals using UPI](https://english.cdn.zeenews.com/sites/default/files/2022/04/14/1031647-untitled-design-99.jpg)
Cardless cash withdrawals via UPI
![Cardless cash withdrawals via UPI Cardless cash withdrawals via UPI](https://english.cdn.zeenews.com/sites/default/files/2022/04/14/1031646-untitled-design-98.jpg)
Cardless cash withdrawals via UPI
![Cardless cash withdrawals via UPI Cardless cash withdrawals via UPI](https://english.cdn.zeenews.com/sites/default/files/2022/04/14/1031644-untitled-design-97.jpg)