UPI ATM Cash Withdrawal: UPI-ATM was launched in September last year. In this you can withdraw cash from ATM without ATM/Debit card. In this you have to withdraw money by scanning the QR Code.
UPI ATM Cash Withdrawal: Last week, Central Reserve Bank RBI Governor Shaktikanta Das made a big announcement regarding UPI (Unified Payment Interface). He has proposed that soon UPI users will be able to deposit cash in Cash Deposit Machines (CDMs) through UPI Apps on their phones. This means that there will be no need for a debit card in the cash deposit kiosk machines in banks, the money will be deposited directly on the UPI app in a few clicks.
But do you know that you can also withdraw cash from ATM through UPI? It is very important that you know about this. This facility was started only last year, however, many people are not fully aware about its Usage, Limit and Benefits. If you also want more information about this facility, then you can read the complete information below.
UPI ATM Cash Withdrawal
UPI-ATM was launched in September last year. In this you can withdraw cash from ATM without ATM/Debit card. Money can be withdrawn through UPI from different bank accounts. In this you have to withdraw money by scanning the QR Code.
UPI ATM Cash Withdrawal Limit
You can withdraw up to Rs 10,000 from ATM through UPI. With this, you will have to remember the daily UPI transaction of Rs 1 lakh and the remaining conditions of your bank.
How to withdraw money from ATM through UPI?
- To withdraw money from ATM through UPI, you have to follow the process given below-
- First go to any ATM and select the option of ‘UPI cash withdrawal at the ATM’.
- Now type the amount you want to withdraw.
- A new page will open, on which you will see a single use dynamic QR Code.
- Scan this code from any UPI app present in your phone.
- Now enter your UPI PIN.
- After the transaction is authenticated, the machine will withdraw your cash.
UPI ATM Cash Withdrawal Fees and Charges
NPCI (National Payments Corporation of India) does not charge any charge on ATM Cash Withdrawal from UPI. However, as the charges imposed by the bank are applicable on other ATM transactions, you will have to pay those charges.
