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Now, withdraw cash from ATMs using your UPI app, without an ATM card

April 10, 2022:Bank customers will be able to make cardless cash withdrawal from ATMs of any bank with the help of UPI – says the Reserve Bank of India’s ‘Statement on Developmental and Regulatory Policies’ issued  on April 8.
The statement  says:

Interoperable Card-less Cash Withdrawal (ICCW) at ATMs
Card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs). The absence of need for a card to initiate cash withdrawal transactions would help in containing frauds like skimming, card cloning, device tampering, etc. To encourage card-less cash withdrawal facility across all banks and all ATM networks / operators, it is proposed to enable customer authorisation through the use of Unified Payments Interface (UPI) while settlement of such transactions would happen through the ATM networks. Separate instructions would be issued to NPCI, ATM networks and banks shortly.
RBI Governor Shaktikanta Das said, “We won’t stop issuing credit/debit cards, as they have many other utilities; they’re not just used for cash withdrawals, they can be utilized while at a restaurant, shop, or for payments in a foreign country. So credit & debit cards will be continued.”
How  cardless withdrawql through UPI works:
-To withdraw cash without a card, you will need a UPI ID, The transactions will be authenticated via UPI.
-Once you enter the ATM, you will have to choose the “Cashless Withdrawal” option on the screen.
-The ATM screen will then show a QR code that needs to be scanned within a UPI app.
-Then the user will enter the UPI pin and the cash will pop out of the ATM machine
The method of cardless cash withdrawal is already available with a few banks like HDFC, BOI, ICICI and SBI.
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Withdraw cash at SBI ATMs using  phone OTP

State Bank of India (SBI) customers can avail of the bank’s one-time password (OTP)
based cash withdrawal facility which protects them from unauthorised transactions at
ATMs. The OTP is a four-digit number that authenticates the user for a single transaction.
This facility allows SBI’s customers to withdraw ₹10,000 and above from its ATMs by
entering an OTP sent on their registered mobile number, along with their debit card
PIN each time. This facility is active since 1 January 2020.
“Our OTP based cash withdrawal system for transactions at SBI ATMs is vaccination
against fraudsters. Protecting you from fraud will always be our topmost priority," SBI tweeted.
Here's how the OTP based cash withdrawal system works:
-In order to withdraw cash at SBI ATMs, you will need an OTP
-An OTP will be sent to your registered mobile number.
-The OTP is a four-digit number that authenticates the user for a single
transaction.
-Once you enter the amount that you wish to withdraw, the ATM screen will
display the OTP screen.
-Now, you will have to enter the OTP received on your mobile number
registered with the bank on this screen for getting the cash.