Cardless Cash Withdrawal is a secure and convenient way to withdraw cash from Automated Teller Machine (ATM) without any debit or credit cards. Now you don’t have to carry your debit cards to withdraw your cash from an Automated teller machine (ATM).
According to the Reserve Bank of India (RBI) directives, cardholders are allowed to have interoperable cardless cash withdrawals across all bank ATMs in the country.
NPCI introduced this feature last September, and many banks are currently in the pilot testing stage. Hope that all banks will soon implement this feature.
It will be counted as UPI transaction … right? So one can withdraw around 1 lakh at a time with this or will there be a limit to how much money can be withdrawn at max? …
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