If you are going to withdraw money at ATM and have forgotten your card at home, then do not worry, now you can withdraw money from ATM even without a card. The Reserve Bank of India (RBI) has issued rules regarding cardless cash withdrawals. This facility will soon be started in all the banks and ATMs of the country.
RBI issued circular
According to a report, RBI issued a circular on May 19, 2022, directing all banks to start this facility soon. This facility will be available 24 hours a day. In fact, in the meeting of the MPC held on April 8, 2022, this facility was announced by the Reserve Bank. The RBI governor had said that this new rule is being brought to make digital transactions safe, because of the ever-increasing online fraud and incidents like card cloning at ATMs, so that the general public is not harmed.
Withdrawals can be done through UPI
Under the card-less cash withdrawal facility, now with the help of UPI, money can be withdrawn from any bank's ATM without using a debit card. Let us inform here that some selected banks are already providing this cardless facility to their customers. But, now after issuing the circular of RBI, soon all the banks will have to provide this facility at their ATMs. Mobile PIN will have to be generated through this system. In a cashless cash withdrawal facility, the transaction will be completed through the Unified Payment Interface (UPI). This facility will be available only for withdrawing money from yourself. Along with this, the transaction limit will also be fixed. According to the report, the limit of such transactions is 5 thousand to 10 thousand rupees.
The identity of account holders will be certified
It is worth noting that while announcing this facility on behalf of RBI, it was told that it has been proposed to provide a card-less cash withdrawal facility in all banks and their entire ATM networks/operators. Through this facility, when a person withdraws money from an ATM, the identity of that account holder will be authenticated through the use of the Unified Payments Interface (UPI). In this way, the cases of fraud will be fewer.
Fraud cases on the rise
There is a steady increase in the cases of fraud with people withdrawing money through ATMs. According to the central bank RBI, withdrawal of money without a card will help in preventing frauds like skimming, card cloning, and device tampering. This is the main reason why the central bank is going to increase the cardless cash withdrawal facility.
Kolkata: Fire breaks out at Netaji Subhash Chandra Bose International Airport, no casualties; Check-in and flight operations restored
A fire broke out at the Netaji Subhash Chandra Bose International Airport in West Bengal's capital Kolkata on Wednesday night. The airport official said that the airport 3C departure was located near
Russia frees American basketball star Brittney Griner, in return US frees arms dealer from prison
America's basketball star Brittany Griner has been released by Russia. In return, Russia's arms dealer Viktor Bout has been released by the US. The US has currently failed to secure the release of
Inflation is going to hit the common people in Pakistan, the price of petrol will be Rs 233 per liter
The government is once again going to crack down on the common people in deteriorating Pakistan. This bomb is about to explode due to the increase in petrol prices by the government. The government
Canada Hindu Temple Vandalised: Hindu temple in Canada was vandalized again, anti-India slogans written on the wall
Canada Hindu Temple Vandalised Once again the incident of vandalism in a Hindu temple has come to the fore in Canada. The Hindu temple in Windsor City of Ontario province has been vandalized and hate
Joshimath Landslide: How houses and roads are collapsing in Joshimath, why is this an alarm bell for the country's security?
The situation is continuously worsening due to landslides happening in Joshimath, Uttarakhand. The landslide has engulfed all the wards of the area. Considering the seriousness of the situation, the
Agnipath Scheme: Rahul Gandhi's target on the Centre, said- 'Until the youth get justice...'
Agnipath Scheme: Congress leader Rahul Gandhi has strongly attacked Prime Minister Narendra Modi regarding the Agnipath scheme. He has said that the Prime Minister of the country is making his friends
HPBOSE 10th Result 2022: Himachal Board 10th result will come by this date, will be able to check like this
HPBOSE 10th Result 2022: Himachal Pradesh Board of School Education (HPBOSE) will announce the result of class 10th conducted in the state soon. After this thousands of students of the state who are
Shoaib Akhtar told which IPL team spent crores of rupees on Babar Azam
Pakistani cricketers were banned from participating in the Indian Premier League since 2008. Pakistani players were seen playing in the first season of IPL. Former Pakistan fast bowler Shoaib Akhtar
Nepal government imposed ban on panipuri in Kathmandu, know what is the reason
The government of Nepal has imposed such a ban in the capital Kathmandu, which everyone is surprised to hear. Here the Health Ministry has banned Golgappa in Kathmandu's LMC. This decision has been
Sheikh Hasina: Bangladesh Prime Minister Sheikh Hasina talks with PM Modi today, seven agreements to be signed
Bangladesh Prime Minister Sheikh Hasina arrived in India on Monday on a four-day visit to further expand ties between the two countries. On the first day of the visit, several issues were discussed in