UPI and other ways to withdraw cash from an ATM without using a debit card

• To access UPI-ATM, you'll require a smartphone with a UPI app and a registered UPI ID.
• Cardless cash withdrawal from an Aadhar-enabled ATM requires linking Aadhar to your bank account.
• Withdraw cash using a mobile banking app by linking your account and generating a one time code code which you provide at the ATM.
  

India has recently launched Unified Payments Interface or UPI-based cash withdrawal from ATMs, after the Reserve Bank of India governor made the announcement in the last monetary policy briefing. This innovative initiative allows customers to access cash without the need for a traditional debit card. Apart from using UPI, there are other ways you can draw money from ATMs without using your debit card. We take a look at the different options.

By using UPI

UPI ATM withdrawal eliminates the need to use a traditional debit card. To access this service, you'll require a smartphone with a UPI app and a registered UPI ID. To withdraw cash from a UPI ATM, follow these steps: opt for the ‘UPI Cash Withdrawal’ feature on the ATM screen, specify your withdrawal amount, scan the QR code displayed on the ATM using your UPI app, and confirm the transaction by entering your UPI PIN.

Upon selecting ‘UPI Cash Withdrawal,’ the ATM generates a unique QR code, which, when scanned via your UPI app, authenticates you using your UPI PIN and prompts the ATM to dispense the requested cash. Benefits of UPI-ATM include cardless access, heightened security, and enhanced convenience.

By using a mobile banking app

You can use a mobile banking app to withdraw cash from an ATM without a debit card. To make use of this feature, first, ensure your bank account is linked to the app. Next, generate a one-time code within the app and specify the desired withdrawal amount. Subsequently, visit a compatible ATM and input the provided code. This action prompts the ATM to dispense the requested cash.

This method not only offers convenience but also enhances security through authentication within the app.


By using biometric authentication

Another method for cardless cash withdrawal from an Aadhar-enabled ATM happens through biometric authentication. First, ensure that your Aadhar number is linked to your bank account. Then, locate an Aadhaar Enabled Payment System (AEPS)-enabled ATM. Input your Aadhar number or provide your bank account details at the ATM.

Next, select the desired transaction type and proceed with biometric authentication, typically done through fingerprint or iris scan. After successful authentication, specify the withdrawal amount, and the ATM will dispense the requested cash.The ATM verifies your identity against Aadhar records and deducts the withdrawal amount from your linked bank account.

By using SMS

For this you need to follow a few steps. First, ensure that your mobile number is linked to your bank account. This is crucial for verification purposes and a smooth transaction. You'll be required to set up a secure PIN for SMS cash withdrawal, a process that can typically be completed either through your bank's dedicated mobile banking application or by visiting a nearby branch.

Once your PIN is in place, compose a text message that specifies the withdrawal details, including the desired amount and the recipient's mobile number. This message should be sent to the designated number provided by your bank for SMS cash withdrawals. In response to your request, you will promptly receive an SMS containing a unique one-time code.

The next step involves visiting the nearest bank ATM. Here, you will enter the received code along with your mobile number to successfully and complete the cash withdrawal process. It's worth noting that the availability of this service may differ depending on your specific bank.

So, next time when you are in need of cash and have forgotten to carry your debit card, remember the above mentioned ways to get the job done without a hassle.