Bank of Baroda UPI ATM : Bank of Baroda (BoB) has taken a significant step by introducing the UPI ATM service at over 6,000 ATMs across India. BoB, in collaboration with the National Payments Corporation of India (NPCI) and powered by NCR Corporation, has become the first public sector bank to launch UPI ATMs.
- Advertisement -
This innovative UPI ATM service allows both BoB customers and those from participating issuer banks to withdraw cash without the need for a debit card. The technology behind this service is Interoperable Cardless Cash Withdrawal (ICCW), enabling seamless cardless cash withdrawals through ATMs via QR code-based transactions. Carrying a physical card for cash withdrawals is now a thing of the past.
Bank of Baroda UPI ATM Key Advantages.
- Multi-Account Access: Customers can withdraw cash from multiple accounts linked to UPI.
- Speed and Convenience: UPI ATM transactions are fast and convenient, simplifying the process for users.
- Enhanced Security: Each transaction generates a unique dynamic QR code, ensuring a secure banking experience for all users.
NEWS Source :- PTI