UPI (Unified Payments Interface) is a real-time payment system developed by National Payments Corporation of India (NPCI). It allows you to make payments to anyone, anywhere, at any time, using your mobile phone.
You can also use UPI to withdraw cash from ATMs without a debit card. This is called UPI Cardless Cash Withdrawal.
Steps on how to withdraw cash from ATM using UPI:
- Find a UPI-enabled ATM. You can identify these ATMs by the UPI logo displayed on them.
- Insert your phone into the ATM’s card reader.
- Select the “UPI Cardless Cash Withdrawal” option.
- Enter the amount you want to withdraw.
- Select the UPI app that you want to use.
- Scan the QR code generated by the ATM.
- Enter your UPI PIN.
- Collect your cash.
Example of how to withdraw cash from ATM using UPI :
Let’s say you are out shopping and you need to withdraw some cash. You don’t have your debit card with you, but you do have your phone. You find a UPI-enabled ATM and follow these steps:
- Insert your phone into the ATM’s card reader.
- Select the “UPI Cardless Cash Withdrawal” option.
- Enter the amount you want to withdraw, say ₹500.
- Select your UPI app, say Google Pay.
- The ATM will generate a QR code. Scan the QR code using your Google Pay app.
- Enter your Google Pay PIN.
- The ATM will dispense ₹500.
You have successfully withdrawn cash from ATM using UPI without a debit card.
Benefits of using UPI Cardless Cash Withdrawal:
- It is a convenient way to withdraw cash without a debit card.
- It is a secure way to withdraw cash, as you do not have to share your debit card details with the ATM.
- It is a fast way to withdraw cash, as the transaction is processed instantly.
If you are looking for a convenient, secure, and fast way to withdraw cash, then UPI Cardless Cash Withdrawal is the perfect option for you.
Additional things to keep in mind when withdrawing cash from ATM using UPI:
- Make sure that the ATM is UPI-enabled.
- Check the UPI transaction charges before making the withdrawal.
- Keep your phone’s screen unlocked during the transaction.
- Do not share your UPI PIN with anyone.
By following these simple tips, you can safely and securely withdraw cash from ATM using UPI.
Other things to keep in mind when withdrawing cash from ATM using UPI:
- The maximum amount you can withdraw using UPI Cardless Cash Withdrawal may vary from bank to bank.
- You can only withdraw cash from your own bank account using UPI Cardless Cash Withdrawal.
- You cannot use UPI Cardless Cash Withdrawal to withdraw cash from a savings account that is linked to a credit card.
- If you are withdrawing cash from a non-UPI-enabled ATM, you may be charged a higher transaction fee.
Some of the limitations of UPI Cardless Cash Withdrawal:
- Not all ATMs are UPI-enabled.
- The maximum amount you can withdraw using UPI Cardless Cash Withdrawal may be limited.
- You can only withdraw cash from your own bank account using UPI Cardless Cash Withdrawal.
Overall, UPI Cardless Cash Withdrawal is a convenient, secure, and fast way to withdraw cash without a debit card. However, it is important to be aware of the limitations of this service before using it.
Frequently asked questions about UPI Cardless Cash Withdrawal:
- What is the UPI PIN?
The UPI PIN is a 6-digit PIN that you create when you register for UPI. You will need to enter this PIN to authenticate UPI transactions, including UPI Cardless Cash Withdrawal.
- How do I find a UPI-enabled ATM?
You can find a UPI-enabled ATM by looking for the UPI logo displayed on the ATM. You can also search for UPI-enabled ATMs online or in your bank’s mobile app.
- What is the maximum amount I can withdraw using UPI Cardless Cash Withdrawal?
The maximum amount you can withdraw using UPI Cardless Cash Withdrawal may vary from bank to bank. You can check the maximum withdrawal limit with your bank.
- Can I use UPI Cardless Cash Withdrawal to withdraw cash from a savings account that is linked to a credit card?
No, you cannot use UPI Cardless Cash Withdrawal to withdraw cash from a savings account that is linked to a credit card. You can only use UPI Cardless Cash Withdrawal to withdraw cash from your own bank account.
- What are the charges for UPI Cardless Cash Withdrawal?
The charges for UPI Cardless Cash Withdrawal may vary from bank to bank. You can check the charges with your bank.
I hope this article has been helpful. If you have any other questions about UPI Cardless Cash Withdrawal, please let me know.