Bank of Baroda Introduces UPI-based Cash Withdrawal at ATMs for Enhanced Security and Convenience

Additionally Learn:UPI transaction restrict set by Indian banks. See particulars right here

Financial institution of Baroda (BoB) just lately introduced a brand new approach to withdraw money by way of the Unified Funds Interface (UPI) in all its ATMs, as per stories. The transfer comes in step with the Reserve Financial institution of India (RBI) order to banks to supply Interoperable Cardless Money Withdrawal (ICCW) possibility.

Additionally learn: HDFC Financial institution introduces Millennia Credit score Card

Cardless money withdrawal from ATMs

• Head to Financial institution of Baroda ATM
• Select ‘UPI Money Withdrawal’
• Enter the quantity you want to withdraw.
• Scan the QR code from ICCW built-in UPI
• Step 5: Authorise the transaction with UPI PIN by way of cellular

Additionally Learn: Axis Financial institution introduces Kiwi bank card on UPI app

The brand new facility goals to guard folks from cloning, impersonation and fraud. It generates a novel QR code for each transaction. With ATM UPI service, clients can avail of solely two transactions per day per account, and at a restrict of ₹5,000.