UPI-ICD offers a cardless solution, mitigating the risks of debit card loss, theft or related fraud. By eliminating the need for physical cards, the user-friendly facility provides a secure and convenient way to manage your finances.
The Confederation of ATM Industry (CATMI) has approached the Reserve Bank of India and the National Payments Corporation of India to request an increase in the charges to Rs 23 for every transaction, the Economic Times reported.
This app-driven ATM transaction helps you to withdraw money without the need to swipe/dip a card.
It is the first public sector bank to launch UPI ATMs, in coordination with the National Payments Corporation of India (NPCI) and powered by NCR Corporation, BoB said in a statement.
Debit cards were one of the most convenient ways to carry money before. But the introduction of UPI has changed it totally. But what if you’re in urgent need of cash & don’t have your debit card with you? Well, we have the solution. Watch the video to find out.