There is no need to worry even if you do not have an ATM card in your pocket, because now even without it, cash can be withdrawn from the ATM. All you will need is your smartphone. The method is very simple.
new Delhi. Debit card is required to withdraw money from ATM machine. But in today’s era of digital and technology, you can withdraw money from ATM machine even without debit card. For this you only need your mobile. You do not need an ATM card for this. This banking service is running since many days.
Although many banks were already giving their customers the facility to withdraw money without a card, but now the Reserve Bank has increased its scope further. UPI i.e. Unified Payment Interface will be used for this facility. RBI has allowed banks to provide facility to withdraw money without using card. Today we will talk in detail about withdrawing money from ATM without card here.
To withdraw money from ATM without debit card, you must have a smartphone. Your smartphone should have any UPI enabled app like BHIM, Paytm, GPay, PhonePe etc. You will be able to withdraw money through these apps.
Follow these steps
To withdraw money, first go to the ATM and choose the option to withdraw money without a card. You will see an option to provide identification through UPI. After this open the UPI app on your mobile and scan the QR code displayed in front of you. You will be authenticated through UPI and after that you will be able to withdraw money. The further process will be the same as before. Enter the amount of money you want and withdraw your money.
Which technology will be used?
The Reserve Bank will soon issue separate instructions to NPCI, ATM networks and banks to facilitate withdrawal of money from ATMs without debit cards. Unified Payments Interface ie UPI will be used for this facility. Customers will be identified through UPI and such transactions will be settled through ATM network. Let us tell you that banks will also get a lot of relief from this step.
Benefits of withdrawing money without card
Reserve Bank Governor Shaktikanta Das has said that the facility of withdrawing money from ATM without card is very beneficial. He had said that the facility of cash withdrawal without a card would help in preventing frauds like card skimming, card cloning. Apart from this, you will not even need to keep the card with you. Your smartphone will do all this work.