This news is for you when it comes to withdrawing money from ATM. Now you can withdraw money even without ATM card. This was announced by the Governor of Reserve Bank of India (RBI) Shaktikanta Das. Till now this facility was available only in few banks.
Money will be withdrawn from ATM without card
RBI Governor Shaktikanta Das said that now all banks will be able to withdraw money from ATMs without debit cards. Till now, only a few banks had the facility to withdraw money from ATMs without a card. “With UPI, money can be withdrawn from ATMs,” he said.
Card clone fraud will come down
According to RBI Governor Shaktikanta Das, this step will also reduce the fraud caused by cloning of cards. Let us tell you that the Governor of Reserve Bank of India Shaktikanta Das announced the monetary policy on Friday.
No change in repo rate
Notably, the MPC has not made any change in the policy rates. The repo rate remains unchanged at 4 per cent. This is the 11th time in a row that the central bank has not changed interest rates. Earlier, the Reserve Bank had last revised the repo rate on May 22, 2020.