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digital fraud Of Amidst increasing cases, the Reserve Bank has taken a big decision to stop it. Governor Shaktikanta Das said that with the help of UPI, the facility of cardless cash withdrawal is now available to all banks. ATM Available at Will be. This will help in preventing any kind of fraud during the transaction. Cardless cash withdrawal facility is currently available only at ATMs of certain banks , Now it has been decided to expand this facility. The Reserve Bank of India (RBI) has said that cashless ATMs can now be used by any bank. ATM Can be used to withdraw cash from This card cloning can reduce the risk of card skimming if you do not need the card for cash withdrawal.

A statement issued by the Reserve Bank of India (RBI) said that if cardless withdrawal is available at all bank ATMs, then incidents like card cloning, skimming and device tampering can be brought under control. Cardless withdrawal facility has to be introduced to prevent ATM frauds. Therefore, now the facility of cardless cash withdrawal is also being started in the bank’s ATMs. Cardless withdrawal will be facilitated with the help of customer authorization. Customer authentication will be enabled using UPI.

Cardless withdrawal up to 25 thousand in a month

Under the cardless withdrawal facility, a person can withdraw cash from an ATM without the help of a debit card. Cardless withdrawals can be made up to Rs 100 in a day, up to Rs 10,000 in cash or up to Rs 25,000 in a month. Any decision regarding limits will be taken on regulatory basis. Governor Das said that in the meeting of the Monetary Policy Committee, the total assets of India’s bill payments have been reduced from Rs 100 crores to Rs 25 crores.

Transaction is completed using OTP

Actually, cash withdrawal from ATM without card is done through mobile app. This entire system works through OTP and based on OTP you can withdraw cash through mobile application. Before cash withdrawal, OTP is sent to the registered mobile of the customer and then the withdrawal process proceeds. Cashless withdrawal facility is available at State Bank of India, Bank of Baroda, Punjab National Bank, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank ATMs.

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