What is UPI-ATM ?

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.

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White label ATMs are owned and operated by non-bank entities.

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The UPI-ATM offers interoperable, cardless transaction capabilities.

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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.

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Users do not need to carry a physical card for ATM cash withdrawals.

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The UPI app can be used to withdraw cash from multiple accounts.

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It provides a convenient and secure alternative for accessing cash.

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The service enhances flexibility in cash withdrawals for UPI users.

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UPI-ATM simplifies the cash withdrawal process by eliminating the need for physical cards.

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