It often happens that while leaving the house, we forget our debit card or ATM card at home. It has also been seen that most of the people do not keep the PIN of their ATM card or Debit card anywhere and forget it soon. In such a situation, they are not able to withdraw money from ATM with the help of card even if they want. Also nowadays the trend of UPI in lieu of ATM card or Debit card is very high. However, nowadays money can be withdrawn from ATM in many other ways. Now with the help of popular online applications Google Pay and Paytm Wallet, you can also withdraw money from ATMs.
Explain that as per the special instructions issued by the Reserve Bank, money can be withdrawn from ATMs from such UPI based mobile wallets such as Paytm, Google Pay or PhonePe. This facility has been started from UPI based mobile app to facilitate customers to withdraw money and to withdraw money using alternative means other than ATMs. In view of the increasing popularity of UPI based transactions, this new rule has been imposed.
All you need to do is scan the QR code first to withdraw money from an ATM with the help of this interoperable cardless cash transaction or online application Wallet.
how to withdraw money
First of all, you open any UPI app like Paytm, Google Pay or Phone Pay or Amazon in your mobile. After this, scan the QR code shown on the screen of the ATM with the help of the app. Then type the amount you want to withdraw from the ATM in the UPI app on your mobile. However, with the help of the mobile app, you can withdraw up to a maximum of Rs 5,000 from any ATM at a time. After this, you have to process as usual when using the app. Meaning that next you have to enter the security pin of your app. With this, you will be able to withdraw your money from ATM. Information about this transition will come on your mobile phone. You will get a message from the bank from the account from which the money will be deducted that so much money has been withdrawn from the ATM. These messages are sent for security.