UPI ATM Cash Withdrawal: Few people know that they can use their UPI like a debit card. This means that if you need cash, you can withdraw money from an ATM using UPI. This is easy and secure.
It also protects you from scams like card cloning.
Withdraw Money Using QR Code UPI: You know that you can withdraw money from an ATM using UPI. This means that it's not necessary to have a debit card to withdraw money from an ATM. In fact, most banks have now started offering QR Code Scan or UPI Money options on their ATMs. Withdrawing money from an ATM using UPI is not only easy, it also protects against major cyber threats like card cloning and skimming. Therefore, more people should be aware of this.
Benefits of withdrawing cash through UPI
There are many benefits of withdrawing cash using UPI. Even if you don't have your card or have forgotten it at home, you can easily withdraw cash from an ATM whenever needed. This process is not only fast but also easy, as you don't have to insert your card repeatedly or type in a hidden PIN. Simply scan a QR code and you're done.
This eliminates the need to carry a physical debit card.
It also eliminates the risk of losing or stealing your card.
This new technology also protects you from dangerous cyber frauds like card cloning and skimming.
How to withdraw cash from UPI
- For this, first go to the ATM machine and select the option of 'UPI Cash Withdrawal' visible on the screen.
- Now type the amount you want to withdraw on the ATM machine.
- A QR code will then appear on the ATM machine. Scan it using the UPI app. Remember, this QR code can only be used once.
- Now enter the UPI PIN on your phone.
- As soon as you enter the PIN, you will get money from the ATM machine.
Things to keep in mind
There are a few things that are important to keep in mind while withdrawing cash from an ATM using UPI:
- The ATM should have the UPI feature available. You can understand this by looking at the options provided for cash withdrawals.
- Additionally, you must have your phone and a working UPI app on it, and the app must be updated.
- Your phone's internet should be working.
- You remember your UPI PIN.
- Using this feature, you can withdraw only Rs 5000 to Rs 1000
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