Card less cash Withdrawal

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Photo by Jan Antonin Kolar on Unsplash

It’s technology at it’s best again. And this time Indian banks have made best use of the technology to offer Cash Withdrawal Without A Card at ATMs. We can also call this facility as “Send Money to Mobile Number”
Benefits of Card less Cash Withdrawal.

• Funds transfer is very easy and secured
• Most importantly, when you need cash on an urgent basis but your ATM card is lost, then this system will come to you your rescue
• Transaction can be done 24*7
• Cash can be withdrawn at select ATM centers across India depending on the bank
• Recipient is not required to have bank account. This is the most distinguishing feature of this service.

As of now, following banks offer this service to their savings bank customer:

ICICI Bank

Axis Bank

Bank of India

IndusInd Bank


Limit
There is a set limit for the transaction amount. Per transaction Rs. 5,000-10,000 can be transferred whereas recipient can withdraw Rs. 25,000 every month. This might again vary from bank to bank.

Charges
For every transfer, payer would be charged Rs. 25.

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