UPI : Cardless money withdrawal quickly in any respect financial institution branches and ATMs by way of UPI

The Reserve Financial institution of India governor Shaktikanta Das on Friday proposed to make cardless money withdrawal facility obtainable throughout all banks and ATM networks utilizing Unified Funds Interface (UPI).

At current, cardless money withdrawal facility is out there solely at choose banks throughout the nation.

“Along with enhancing the convenience of transactions, the absence of the necessity for bodily card for such transaction would assist stop frauds corresponding to card scheming, card cloning, and so forth,” Das stated.

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