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Under the card-less cash withdrawal facility, now with the help of UPI, money can be withdrawn from any bank's ATM without using a debit card.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.
Gujarat Election 2022: PM Modi doing marathon rallies in Gujarat, will attack opponents from four places even today
Because of the first phase of assembly elections in Gujarat next week, all the parties have intensified their campaigning. BJP has fielded its big ministers including PM Modi for the election
Trump Zelenskyy Row: America took a big step after the debate with Zelensky, and stopped military aid to Ukraine
The US has taken a big step after Ukrainian President Volodymyr Zelensky's debate with US President Donald Trump in the Oval Office of the White House last week. The US has halted military aid to
Route of these trains including Shalimar Express coming to Gurgaon will remain diverted, this is the update regarding Vande Bharat
Traffic block has been taken from April 15 to 18 due to the construction of a road between Bijwasan to Palam railway station. Due to this, Delhi Railway Division has diverted many trains for four
Focus on a village in the last budget of Modi government 2.0: 50% more money can be available for employment and houses
Finance Minister Nirmala Sitharaman will present the final budget of the second term of the Modi government on February 1 next year. The ministry has started preparations for this. According to the
The Great Indian Kapil Show: Kapil Sharma made fun of Atlee on the show, netizens got angry at the comedian
Humor and jokes are good only till someone is not hurt. Insulting someone is not a joke. What Kapil Sharma has done with director Atlee in his show recently is shameful. Comedian and actor Kapil
The Raja Saab: The Director's statement regarding the story of Prabhas's film surfaced on IMDb, know what Maruti said
After the film 'Saalar Part 1 Ceasefire', South superstar Prabhas is now in the headlines for his next project with director Maruti. The name of his next film is 'The Raja Saab'. On the occasion of
Abdul Rehman Makki: China pulled back the hand of friendship with Pakistan! Mecca declared global terrorist in UNSC
China has given a big blow to its close friend Pakistan. The United Nations Security Council (UNSC) has declared Pakistani terrorist Abdul Rehman Makki a global terrorist. China had always been
Revealed in RTI: Science is not being taught in 11th-12th in two-thirds of Delhi's schools, read details
There has been news of big negligence in the schools of Delhi. An RTI reply has revealed that only a third of the schools under the Delhi government is teaching science subjects to class 11 and 12
Lok Sabha Election Result 2024: Will Chandrababu Naidu and Nitish Kumar change sides or not? Party leaders made it clear
With the results of the Lok Sabha elections, amid the efforts of the opposition alliance to woo the two major NDA allies Janata Dal-United (JDU) and Telugu Desam Party (TDP), both the parties have
ED will make Jacqueline accused in money laundering case: Chargesheet can be presented in court today, funds of 7.27 crores have already been attached
The troubles of actress Jacqueline Fernandez have increased. ED is preparing to make the actress an accused in the money laundering case of 200 crores. The investigating agency is likely to file a
