In this era of digital banking, banking services are changing rapidly and now debit card is no longer necessary to withdraw money from ATM because if you have a smartphone and UPI app, then you can easily withdraw cash from the ATM machine and many banks are now providing the facility of UPI Cash Withdrawal or QR Code Scan in their ATMs, due to which it has become possible to do transactions even without a card.

What is the facility to withdraw cash from UPI?

UPI Cash Withdrawal is a new digital banking facility in which mobile phone is used instead of debit card and when you choose the option of UPI Cash Withdrawal on the ATM machine, a QR code appears on the machine screen which you have to scan with the UPI app present in your phone and as soon as you confirm the transaction by entering the UPI PIN, the cash is withdrawn from the ATM machine.

What are the benefits of withdrawing money through UPI?

The biggest advantage of withdrawing money from ATM through UPI is that you do not need to carry a debit card with you and even if the card is lost or stolen, there is no problem in withdrawing money and this method is also considered more secure because in this the risk of cyber fraud like card cloning and skimming is greatly reduced.

How to withdraw money from ATM through UPI?

To withdraw money from UPI, first go to an ATM where UPI Cash Withdrawal facility is available. Then select the UPI Cash Withdrawal option on the screen of the machine. After that enter the amount you want to withdraw. Then scan the QR code visible on the ATM screen with the UPI app of your phone and then confirm the transaction by entering the UPI PIN and within a few seconds the cash will be withdrawn from the ATM machine.

What to keep in mind before using this feature?

To withdraw cash from UPI, it is necessary that the ATM you are using should have UPI feature available and active and updated UPI app should be present in your phone. Also, internet connection should be active in your phone and generally only about Rs 5000 to 10000 cash can be withdrawn at a time through this facility.

Cash can also be withdrawn from YONO SBI app

If your bank account is in SBI, then you can withdraw money from ATM without debit card with the help of YONO SBI mobile app because this facility is called YONO Cash in which you first have to request to withdraw cash through mobile app and after that money can be easily withdrawn by going to ATM.

How does YONO Cash work?

In the YONO Cash facility, the user has to log in to the app and enter the amount to withdraw cash, after which a 6 digit reference number and PIN is created and when you go to the SBI ATM machine and enter the same number and PIN, the cash is easily withdrawn from the ATM and through this facility a maximum of Rs 20000 can be withdrawn at a time.