can now be withdrawn from every bank's ATM even without a card.
The RBI will soon issue rules for NPCI, ATM network and banks to start withdrawing money from every bank's ATM without a card. The system will be interoperable, meaning customers from one bank's ATM to another will also be able to avail this service. So far this facility was available in only a few banks.
In this age of technology, it is imperative that we keep pace with the times. Financial transactions are now largely online.
Then we also need to focus on online transactions and financial transactions. Now you can withdraw money even without ATM card. So that the incidence of fraud can be reduced. RBI Governor Shaktikant Das has made this announcement.
How can you withdraw money without a card?
Now all banks will be able to withdraw money from ATMs without debit card, so far only a few banks had the facility to withdraw money from ATMs without a card. He said that money can be withdrawn from ATMs through UPI.
Fraud will decrease:
This step will reduce the incidence of fraud by cloning the card and withdrawing money.
the biggest advantage of this feature is that the fraudster will not be able to clone the card and the number of cases of fraud will be reduced or eliminated. This way the benefit will be.
In which bank will you get money without ATM Card?
You can avail this facility even if your account is with other banks including SBI, ICICI Bank, Axice Bank and Bank of Baroda. The cardholder has to use the mobile banking app for this and request to withdraw cash from the ATM that they do not have a debit card. This is how much money can be found in a bank without an ATM card.