June 19, 2024

India has lately launched a UPI-based money withdrawal system. This progress was made after the Reserve Financial institution of India introduced the identical in its newest financial coverage assembly. This initiative was taken to eradicate the issue of carrying a bodily debit card for the general public. Aside from UPI, there are numerous totally different strategies you should utilize to withdraw money from ATMs and not using a debit card.

Right here’s the Completely different Strategies to Withdraw Money From ATM With out Debit Card:

UPI Technique

Utilizing UPI for ATM withdrawals is sort of a fashionable twist on the outdated debit card routine. To present it a strive, all you want is a smartphone with a UPI app and a registered UPI ID. Right here’s how one can easily get money from a UPI ATM: choose ‘UPI Money Withdrawal’ on the ATM display, specify how a lot money you need, scan the ATM’s QR code together with your UPI app, and wrap it up by getting into your UPI PIN.

When you faucet ‘UPI Money Withdrawal,’ the ATM conjures up a particular QR code. When your UPI app reads it, it not solely confirms your identification but additionally triggers the ATM to dispense your requested money. The perks of UPI-ATM? No want for a bodily card, top-notch safety, and an easier method to deal with your cash issues.

By way of Cellular Banking App

You’ll be able to simply get money from an ATM with out your debit card by utilizing your cellular banking app. Right here’s how:

  • Be certain your checking account is related to the app.
  • Generate a one-time code within the app and specify the quantity you need to withdraw.
  • Go to a suitable ATM and enter the code.
  • This easy course of not solely provides comfort but additionally retains your transactions safe by app authentication.

With Biometric

One other method to withdraw money and not using a card from an Aadhar-enabled ATM is by utilizing your biometrics. First, make certain your Aadhar quantity is linked to your checking account. Then, discover an ATM that helps the Aadhaar Enabled Fee System (AEPS).

On the ATM, both enter your Aadhar quantity or present your checking account particulars. Subsequent, select your transaction kind and use your fingerprint or iris scan for biometric authentication. As soon as your identification is verified, specify the quantity you need to withdraw, and the ATM offers you the money. The ATM checks your identification in opposition to Aadhar information and deducts the withdrawal quantity out of your linked checking account.

Additionally learn:

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By way of SMS

To make use of this methodology, comply with these steps:

  • Guarantee your cellular quantity is linked to your checking account for verification.
  • Arrange a safe PIN for SMS money withdrawal utilizing your financial institution’s cellular app or by visiting a department.
  • Compose a textual content message with the withdrawal particulars (quantity and recipient’s cellular quantity) and ship it to your financial institution’s designated SMS money withdrawal quantity.
  • You’ll obtain an SMS with a novel one-time code.
  • Go to the closest financial institution ATM and enter the code alongside together with your cellular quantity to finish the money withdrawal.