The card-less money withdrawal facility is now being offered by different banks. This facility has gained momentum at a time when India and the world are in the fury of Corona infection, where most people are not wanting to get out of their homes and are doing more and more work from home. At such a time, many types of requirements have emerged regarding withdrawal of money from ATMs, this facility has gained more prominence. For this feature, all you have to do is install the mobile application of your bank on your phone.
In view of the safety of the people, different banks have now started giving this facility. SBI, ICICI Bank, Bank of Baroda, Axis Bank etc. are giving facility to withdraw cardless money. Within this facility, cardholders can withdraw money even without their debit card, but they have to use their mobile. It is to be known that this facility is only available in one bank's ATM, and this facility will not work in any other bank's ATM.
Also, with the Cardless Cash Withdrawal facility, online fraud incidents will also be curbed, as money is withdrawn using phone PIN / OTP. The process of withdrawing money from ATMs without using a debit card varies between banks. First of all, customers have to download the phone application of their respective bank. If you are an SBI customer, it is available on the YONO app, Bank of Baroda has BOB MConnect plus and iMobile for ICICI Bank. If you are an SBI customer then go to 'YONO cash option', if you are from Bank of Baroda then go to 'Cash on mobile'. If you are the custodian of ICICI Bank, then click on click on 'card-less cash withdrawal' option. After this, one-time password will have to be generated for the bank transaction, which will be messaged on your registered mobile number. For example, an OTP from Bank of Baroda is valid for fifteen minutes. You have to use the OTP found at the ATM of the same bank to withdraw money without using a debit card.
Also Read:
Sensex-Nifty closed up, gains in rupee
CM Jagan Reddy's daughter Harsha will leave for INSEAD business school Paris soon
Aviation security fees will increase from September 1, air travel will become expensive
Oil India dips in revenue with figures being lower to that of 39%