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UPI ATM Cash Withdrawal
UPI ATM (Automated Teller Machine) is a new technology that allows users to withdraw cash without using a debit card. The UPI ATM offers cardless cash withdrawals, which eliminates the need for carrying physical debit or credit cards.
Steps to Withdraw Cash from a UPI ATM:
- Step 1: Choose the amount you want to withdraw.
- Step 2: The UPI QR code linked to your chosen amount will be shown.
- Step 3: Use your UPI-enabled mobile banking app to scan the QR code.
- Step 4: Enter your UPI PIN on the app.
- Step 5: The ATM will dispense the cash.
The UPI ATM is a game-changer in the banking industry as it provides a hassle-free and secure way to withdraw cash. The UPI ATM has been launched in India by Hitachi.
Upi atm cash withdrawal limit
The maximum withdrawal limit for UPI ATM cash withdrawal is Rs. 10,000 per transaction. This limit is aligned with the existing UPI daily limits and issuer bank’s UPI-ATM transaction limits. The total UPI transaction limit per day is Rs. 1 lakh.
However, the actual withdrawal limit may vary from bank to bank. You can check the withdrawal limit for your bank with your bank.
Which banks have UPI-enabled ATMs?
The UPI ATM is a new technology that has been launched in India by Hitachi.
It allows users to withdraw cash without using a debit card. The UPI ATM offers cardless cash withdrawals, which eliminates the need for carrying physical debit or credit cards.
The UPI-ATM, also known as Interoperable Cardless Cash Withdrawal (ICCW), is available for users of participating banks who use UPI.
As of now, it is not clear which banks have UPI-enabled ATMs, but it is expected that more banks will adopt this technology in the future.
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