These days banks are being upgraded to make the technology user friendly to its customers. With such kind of developments, customers can be served better. Now a new intiative has been proposed by the banking sectors to allow indivudals to withdraw money in a hassle free way.
To withdraw money from an ATM, you must have an ATM card. A debit card must be inserted n the ATM machine and the PIN ought to be entered to withdraw the money. But some banks are now offering customers the option of borrowing from the ATM without a debit and credit card.
We can withdraw anywhere from Rs 10,000 to Rs 20,000 per day. If customers want to borrow money from an ATM without a card, they must download the bank’s mobile app. Customers of the nation’s largest bank, State Bank of India (SBI) can withdraw money from the ATM without a card through YoNo App. You can go to the Bank ATM, click on Yono Cash and select an account number and enter the desired amount and then an OTP will be sent to the mobile number. The person can enter the OTP and just withdraw money in an effortless way.
ICICI Bank offers cardless Cash Withdraw too. For this, bank customers need to download the iMobile App. You can then use the cardless Cash Withdrawal option. For Axis Bank customers use the Instant Money Transfer option at the ATM Center. Also the fourth bank, Bank of Baroda suggests usage of mobile banking app ‘BOB M connect plus’ for cardless withdrawal where you can collect money in the ATM by pressing ‘cash’ option in the mobile.