In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. Card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs).

SBI, ICICI Bank and HDFC Bank are offering this facility, especially through their card-less transaction enabled ATMs. To use the facility, a customer has to register on the app or website of the respective bank and initiate a card-less cash withdrawal transaction. Following this, the customer gets a PIN which is required to be punched in the system for withdrawal.

“It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. The absence of physical card for such transactions would help prevent frauds such as card skimming and cloning,” RBI governor Shaktikanta Das.