Have you ever thought that you would be able to withdraw money from an ATM without using a debit or credit card. But it is possible in today’s digital age. In fact, NCR Corporation has launched a UPI enabled Interoperable Cordless Cash Withdrawal (ICCW) in India. The service was launched by NCR Corporation in partnership with National Payments Corporation of India (NPCI) and City Union Bank. With this technology, users will be able to withdraw money from ATMs using UPI-enabled applications such as BHIM, PayTM, GP, PhonePay, etc.
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Follow this process to withdraw money without an ATM card
For this, you must first go to an ATM that supports this service. Tell us that about 1500 ATMs across the country are already supporting this technology.
After this, users need to open any UPI app on their smartphone to withdraw money from the ATM machine.
>> Then you have to scan the QR code provided in the machine from the UPI app.
Then you need to enter the amount you want to remove.
>> Now you need to authorize the transaction by going to the UPI app.
Upon completion of the transaction, you will be able to withdraw funds from the ATM.
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It is safe to withdraw money without an ATM
This is because QR codes are dynamic and change with each transaction. So QR code cannot be copied. For this reason, the transaction is considered secure through this process. This technology is more secure than debit card transactions. This is because the card is not likely to be cloned. Explain that current users can withdraw up to Rs 5,000 under this new system.
