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How to withdraw money from ATM without Debit and Credit Card

How to withdraw money from ATM without Debit and Credit Card


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The Reserve Bank of India (RBI) has directed all banks, ATM networks, White Label ATM Operators or WLAOs to provide Interoperable Card-less Cash Withdrawal (ICCW) facility at all ATMs in the country. Once this facility is live for all banks, everyone will be able to withdraw cash from ATMs without using debit or credit cards.

“RBI wrote in a recently issued circular

RBI has asked the National Payments Corporation of India (NPCI) to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks to help authenticate transactions. “All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

How to withdraw money from ATM without Debit and Credit Card

The central bank further stated that customer authorization will be done with the help of UPI but settlement will be done through National Financial Switch (NFS) or ATM network. “On-us/off-us ICCW transactions shall be processed without any charges other than those prescribed under the circular on interchange charges and customer charges,” the circular said. Withdrawal limit will be commensurate with the regular On-us and Off-us ATM Withdrawals limit.

ICICI and HDFC Bank offer cardless cash withdrawal facility at ATMs

Currently, only select banks like ICICI and HDFC offer cardless cash withdrawal facility at their ATMs. As the days pass, all other banks operating in the country will allow customers to withdraw money from ATMs without the help of their debit and credit cards. Let’s take a look at how you can withdraw money from ATM without using Debit and Credit cards.

How to withdraw cash without using a card

To use this facility, one has to first request the bank to enable this facility. How to do it (for ICICI Bank):

-Use the ICICI Bank mobile app.
Click on the Cardless Cash Withdrawal option.
– Enter the amount, followed by the 4 digit temporary PIN, and select the account number you wish to use to withdraw money.
-Then you have to confirm the details details.
Click on submit option.

How to withdraw money from ATM without Debit and Credit Card

-Once the facility is successfully done, you will receive a 6-digit code on the mobile number registered with the bank. The code will only be valid for up to six hours.
-Visit your nearest bank ATM (ICICIBankATM in this case) and enter the details like – Registered Mobile Number, Temporary 4-Digit Code which you have set, 6 digit code which you have received in SMS, and Withdrawal Amount
After all these details are verified, the amount will be withdrawn from the ATM.

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Story first published: Saturday, May 21, 2022, 14:30 [IST]



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