look news india
Withdraw cash without ATM card: Technology is getting advanced day by day. ATM machines came into existence because there were no queues in banks to withdraw money. Now you can withdraw money without any hassle. You used to need an ATM card to withdraw money from an ATM machine. That will not happen now. Now you just need your phone to withdraw money from an ATM. This will also reduce cases of fraud.
Withdraw money using QR code
Many banks already have the facility of cardless withdrawal for customers. But the Reserve Bank has expanded its scope. Now you will not need a card to withdraw money from SBI ATM. For this, you should only have a smartphone. Through which you can withdraw money through UPI.
How to withdraw money
To withdraw money, first go to the ATM. You will get two options in the ATM. The first one will be UPI and the second one will be cash. Then click on UPI. Then you will be asked how much cash you want to withdraw, fill in the amount. After this, the QR code will appear on the screen. Scan it with any app like BHIM, Paytm, GPay, PhonePe on your phone. Then select your bank and enter the PIN. Then a message of successful payment will come. Now the Continue button will appear on the screen, by clicking on which you can get information about your transaction history. After this, the amount deposited by you can be withdrawn.
It is safe to withdraw money from an ATM card but cases of fraud with customers keep coming up. Frauds like card skimming, card cloning can be avoided.
🚨 UPI cash withdrawal at SBI ATMs is live
– Enter the amount
– Scan the QR code
– Pay via UPI app
– Collect cash from ATM
Debit cards may become non-existent in the future
This is an incredible innovation by Digital India