How to Withdraw Cash from ATM using your UPI app?

Nowadays all of us are extensively using UPI for payment of our daily needs items like groceries, food delivery, transport, etc.

Now, you can even withdraw cash from your nearest ATM using UPI app. The Reserve Bank of India recommended the introduction of a UPI-based Cash withdrawal system called Interoperable Cardless Cash Withdrawal (ICCW).

Based on the recommendations, NPCI has launched this service with a selected few banks like the State Bank of India (SBI), HDFC Bank, and Punjab National Bank (PNB).

You can also use various UPI apps like PAYTM, BHIM UPI, etc. to withdraw cash from the ATM. In this article, we will discuss how to withdraw cash from ATMs using UPI Apps.

But first, let’s find out the features of cardless cash withdrawal

How to Withdraw Cash from ATM using your UPI app

Table of Contents

Features of Cardless Cash Withdrawal

The following are the features that you can use to withdraw cash from ATM without using a card-

Users can withdraw cash using a UPI mobile app
The withdrawal process is QR scanner based which makes it easy for everyone to use
The user receives a one-time passcode via text or email, which they enter into the ATM to initiate the transaction
Some systems may require the user to authenticate their identity using biometric data, such as a fingerprint or facial recognition
Cardless cash withdrawal systems include additional security measures, such as encryption, to protect against fraud and unauthorized access

How does Withdraw Cash from ATM using UPI App?

To withdraw cash from ATM using UPI, you can follow these steps-

Visit the nearest bank ATM and select the “Withdraw Cash” option from the display
Now, choose UPI Option and you’ll find the QR code shown on the monitor
Open your UPI app, you can use any UPI-based app and scan the QR Code displayed on the screen
After that, the app will automatically display the amount entering option where you’ll have to enter the amount you want to withdraw
After that, you’ll have to enter the UPI PIN and click on the proceed button
After entering the correct UPI button, your transaction will be successful and you can withdraw the cash from ATM easily.

FAQ

Is it possible to withdraw cash from a credit card from ATM using my UPI app?

Yes, if your credit card is connected with the UPI app, then you can use the QR scan to withdraw cash from ATM easily.

Does Google Pay allow the withdrawal of funds from ATMs?

Yes, you can withdraw funds from ATM using your UPI app like Google Pay, BHIM UPI app, etc.

Do I have to enter my ATM PIN or my UPI PIN while withdrawing cash from ATM?

You’ll have to enter the UPI PIN on your UPI app while withdrawing the funds from ATM. Do not enter your ATM PIN on the machine or your mobile.

What are the fees associated with the withdrawal of cash from an ATM?

Yes, you’ll have to pay for the cash withdrawal if your cash withdrawal limit has been exhausted and/or you are withdrawing cash from another bank’s ATM.

Shiv

I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.

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