How to withdraw money from an ATM without a debit or credit card

The Reserve Bank of India (RBI) has ordered all banks, ATM networks, White Label ATM Operators or WLAOs to offer Interoperable Cardless Cash (ICCW) service at all ATMs from the country. Once the facility is operational for all banks, everyone will be able to withdraw money from ATMs without using a debit or credit card.

RBI has also requested the National Payments Corporation of India (NPCI) to facilitate the integration of Unified Payment Interface (UPI) with all banks and ATM networks to help authenticate transactions. “All banks, ATM networks and WLAOs can offer the ICCW option at their ATMs. NPCI has been advised to facilitate Unified Payment Interface (UPI) integration with all banks and ATM networks,” RBI wrote in a recently released circular.

The central bank further explained that customer authorization will be done with the help of UPI but settlement will be through the National Financial Switch (NFS) or ATM networks. “ICCW on-us/off-us transactions will be processed without levying any fees other than those prescribed in the Interchange Fees and Client Fees Circular,” the circular reads.

Withdrawal limits will be in line with limits for regular ATM withdrawals inside and outside the United States, the central bank noted. “All other instructions related to the harmonization of execution times (TAT) and the compensation of customers for failed transactions will continue to be applicable,” the circular states.

Currently, only some banks like ICICI and HDFC offer cardless cash withdrawal service at their ATMs. As days go by, all other banks operating in the country will allow customers to withdraw cash from ATMs without using their debit or credit card. Let’s take a look at how you can withdraw cash from an ATM without using a debit and credit card.

How to withdraw money without using the card

To use this function, you must first ask the bank to activate the function. Here’s how to do it (for ICICI bank):

– Go to Services in the ICICI Bank mobile app.

-Click on the cash withdrawal option without a card.

– Enter the amount, followed by the 4-digit temporary PIN code, and select the account number from which you wish to withdraw the money.

You will then need to confirm the details displayed on the pre-confirmation screen.

-Click on the submit option.

After successfully activating the installation, you will receive a message with a unique 6-digit code to the bank’s registered mobile number. The code will only be valid until six hours. Next steps include:

-Visit your nearest ATM (ICICI Bank ATM in this case) and enter details such as registered mobile number, temporary 4-digit code you set, 6-digit code you received by SMS and withdrawal. amount.

Once this information is authenticated, the cash will be dispensed from the ATM.

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