UPI-ATM is a white label ATM for cardless cash withdrawals.
It enables customers of participating banks to withdraw cash without using an ATM or debit card.
White label ATMs are owned and operated by non-bank entities.
The UPI-ATM offers interoperable, cardless transaction capabilities.
The withdrawal limit per transaction is Rs 10,000, subject to the daily UPI limit and the issuer bank's set limit for UPI-ATM transactions.
Users do not need to carry a physical card for ATM cash withdrawals.
The UPI app can be used to withdraw cash from multiple accounts.
It provides a convenient and secure alternative for accessing cash.
The service enhances flexibility in cash withdrawals for UPI users.
UPI-ATM simplifies the cash withdrawal process by eliminating the need for physical cards.
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