RBI: Cardless cash withdrawal facilities at all ATMs.

May 24, 2022

The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) across all ATMs in the country.
For Card-less Cash Withdrawal transactions, the Unified Payments Interface (UPI) facility will be used. For this, RBI asked the National Payments Corporation of India (NPCI) to facilitate the integration of UPI with all banks and ATM networks.
This facility will ensure convenience for customers and will also reduce scams such as card skimming, card cloning, etc. as there is no need to use debit or credit cards.