How to withdraw money without ATM card: Here is information on how to withdraw money from ATM without debit-credit card.
How to withdraw money without ATM card: According to the report, NTR, an ATM (Automatic Teller Machine) manufacturer in India, has launched an interpersonal cardless cash withdrawal system enabled through UPI. The facility has been launched by National Payments Corporation of India (NPCI) and City Union Bank on a partnership basis. Read more – Don’t panic if you get torn notes from ATM, get a new note like this
This technology allows users to easily withdraw cash from ATMs without any credit or debit card. City Union Bank said about 1,500 of its ATMs across the country already support the facility. Read more – Auto Debit Payment: RBI Extends Deadline for Applying for Auto Debit Payment 6 Months, Know – What Happens to You Now?
The most important of these is how can anyone withdraw money without a card? Learn here – what the way Read more – Understand in pictures: Know what happens when you forget to withdraw cash from an ATM after a meal?
You can withdraw money using this technology on your smartphone and any UPI-enabled application like BHM, GP, Paytm, PhoneP etc.
To raise money:
– You need to inspect an ATM that supports this technology and scan the QR code on the machine.
After that, you need to keep the amount of money you want to raise.
– Now you need to authorize transactions using a UPI-enabled mobile application.
– You can withdraw your money once the transaction is approved in the application.
Here are a few things to keep in mind:
– The QR codes you scan at the ATM are all dynamic so they change for each transaction and cannot be copied. Every time you want to withdraw money, you need to scan a new QR code. This can be annoying but it is also the best way to secure your transaction.
– In this case the withdrawal limit is only going to start from 5,000, which can be increased later.
NCR Corporation and NPCI are in talks to find out how and when this facility can be implemented in all ATMs in the country and they are in talks with both public and private banks. A formal engagement with all of this is expected to be announced in the next few months.
According to a spokesman for the NCR Corporation, its existing software has been upgraded to allow City Union ATMs to run the facility. However, there is no need to upgrade the hardware. All currently running ATMs can be upgraded with new software for it.