Need money.. Don’t need an ATM card
If we want money, we will immediately go to the nearest ATM and get money using the card we have. Hence, the RBI has now decided to introduce cardless transactions at ATMs. That’s how it is.
It is now proposed to make cardless cash withdrawal facility available across all banks and ATM networks using UPI code (Unified Payments Interface). This will make transactions easier and there will be no need for a physical card. This will help in preventing frauds like card skimming, cloning, etc,” RBI Governor Shaktikanta Das said.
At present, only a few banks in the country are offering the facility of cardless cash withdrawal through ATMs.
