Where digitization has become a dealer for the benefit of the people, then its disadvantages are also not less. Cases of online fraud keep coming to the fore day by day, along with this, the general public has to suffer due to incidents like card cloning at ATMs. Taking these things into consideration, now the Reserve Bank of India has made a big announcement. Under this, a cardless cash withdrawal facility will now be available at every bank's ATM.
RBI governor announced
Governor Shaktikanta Das made this big announcement while keeping the results of RBI's monetary policy meeting. He said that RBI is committed to checking the increasing cases of digital fraud. To prevent these cases, now cardless cash withdrawal facilities will be provided in all the banks in the country. It is worth noting that under this facility, you will no longer need a debit card to withdraw money from ATMs.
Withdrawals can be done through UPI
Under this facility, now with the help of UPI, money can be withdrawn from any bank's ATM without using a debit card.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 the announcement of Governor Dar, all banks will have to provide this facility at their ATMs. Through this facility, you have to go to the ATM of the same bank whose card you have with you.
The identity of account holders will be certified
It has been informed by RBI 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
It is worth noting that the cases of fraud with people withdrawing money through ATMs are continuously increasing. 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.
Also Read: Paytm CEO assures Firm will achieve EBITDA breakeven in six quarters, shares rise 4 percent
7 soldiers killed as army vehicle falls into river in Ladakh, Air Force taking injured to hospital
A major accident happened in Ladakh. The army vehicle slipped off the road and fell into the Shyok river. At least seven army personnel have been martyred in this accident. The rest are said to be
If you say TATA Neu App... The app is one, but facilities are many, you will get facilities from UPI payment to shopping
During the IPL for the last few days, you must have seen the advertisement for TATA Neu App every minute. This app was discussed even before the start of IPL. Tata had then told that it could be
American-Russian Foreign Ministers meeting, Blinken said – America will not back down from supporting Ukraine
US Secretary of State Antony Blinken had a brief meeting with Russian Foreign Minister Sergei Lavrov in New Delhi on Thursday. During this first meeting between the foreign ministers of these two
T20 World Cup: These two great players praised Jaspreet Bumrah, told the reason behind his success, know
Indian fast bowler Jasprit Bumrah is in great form and was awarded the Player of the Match award for his strong performance against Pakistan. Bumrah took three wickets for 14 runs in four overs in
Tripura: PM Modi will inaugurate the first dental college, CM Manik Saha gave information
Tripura's first Dental College inauguration on sunday: Prime Minister Narendra Modi will inaugurate Tripura's first Dental College on Sunday. Tripura CM Chief Minister Manik Saha has given this
Sidhu Moose Wala Murder Case: Punjab Police Seeks Issuance Of Red Corner Notice Against Goldie Brar, Is Close To Lawrence Bishnoi
Sidhu Moose Wala Murder Case: Punjab Police has demanded a red corner notice against Goldie Brar (a Canada-based gangster) who took responsibility for the murder of singer Sidhu Moosewala. According
Bhai Dooj 2022: Indian Army jawans also celebrated the festival of Bhai Dooj in Jammu and Kashmir
The festival of Bhai Dooj is being celebrated with great pomp across the country. On this day sisters apply tilak to their brother and pray for his long life. At the same time, the soldiers engaged
Elections 2023: Announcement of election dates possible in five states, know the political equations here and the condition of the last elections.
The Election Commission will hold a press conference today i.e. Monday at noon. In this, elections to be held in five states can be announced. It is noteworthy that by the end of this year, elections
Sambhal violence: 'Kill them by setting them on fire...', shouted the crowd; MLA's son and Burke instigated them; big revelation in FIR
A copy of the FIR has surfaced in the Sambhal violence. The FIR has revealed a sensational truth about the Sambhal violence. SP MP Zia-ur-Rehman Barq has been named accused number one in the FIR. SP
Onam 2023: South India immersed in Onam celebrations, people arrive at temples to worship; Tamil Nadu CM extended best wishes
There is an atmosphere of celebration in South India today. Everyone is excited about Onam, the major festival that lasts for 10 days. People are reaching the temples to worship. Tamil Nadu Chief
