What is Cardless Cash Withdrawal?

Even though we use UPI for most of our regular payments, cash has its uses. For all those times when you need to withdraw cash but forgot your Debit card at home, there is a solution! 

You can now enjoy cardless cash withdrawals from ATMs. Read to know more.

Cardless Cash Withdrawal Explained

When you can withdraw cash from an ATM without using your ATM cum Debit Card securely, it is known as cardless cash withdrawal. In a new reform suggested by the Reserve Bank of India, all banks have been told to enable cardless cash withdrawals from all ATMs using UPI.

Can I Withdraw Cash from an ATM using any UPI App?

You can withdraw cash from an ATM even without using your ATM cum Debit card. Through this cardless method, you can scan a QR code and initiate a transaction. Once completed, the ATM dispenses the requested amount in cash.

Here are the steps you need to follow to withdraw cash from an ATM using UPI -

STEP-1: Visit an ATM where the cardless cash withdrawal facility is available.

STEP-2: Select the ‘Withdraw Cash’ → ‘UPI’ option on the ATM screen.

STEP-3: You will see a QR code on the screen which you can scan using your preferred UPI app, like PhonePe, GooglePay, etc.

STEP-4: Enter the amount you want to withdraw and click on ‘Proceed’.

STEP-5: Enter the UPI PIN when prompted and the cash will be dispensed by the ATM.

Cardless Cash Withdrawal ICICI Bank

As an ICICI Bank customer, you can withdraw cash from an ATM by following these steps. The steps have been divided into 3 broader categories for easier understanding -

Stage-1: Cardless Cash Withdrawal from iMobile app

STEP-1: Open the iMobile app on your smartphone and go to ‘Services’ → ‘Cardless Cash Withdrawal’.

STEP-2: Enter the amount you want to withdraw and select your account number. Enter 4 digit temporary pin.

STEP-3: Enter a 4-digit temporary PIN and remember it. Confirm the details on the screen and click on ‘Submit’.

STEP-4: You will receive a success message notifying you that your transaction has been completed.

Stage-2: SMS from ICICI Bank

ICICI Bank will send you an SMS with a unique 6-digit code on your registered mobile number. This code will be valid for 6 hours. Thus, follow through the next steps within 6 hours of receiving the message.

Stage-3: Cardless Cash Withdrawal from ATM

STEP-1: Visit your nearest ICICI Bank ATM which has a cardless cash withdrawal facility.

STEP-2: Enter the following details as prompted -

• Your registered mobile number

• The temporary 4-digit code that you had set (mentioned in Stage-1)

• The 6-digit code you received through SMS (as mentioned in Stage-2)

• The exact withdrawal amount that you entered (mentioned in Stage-1)

STEP-3: Once all these parameters have been successfully verified, your cash will be dispensed by the ATM.

Please note that the entire amount should be withdrawn as a one-time transaction.

Cardless Cash Withdrawal SBI 

SBI is one of the major banks in the country with numerous ATMs and branches. Even SBI offers cardless cash withdrawal facilities at selected ATMs. 

Here are the steps you need to follow in the YONO app before visiting an ATM -

STEP-1: Log in to the YONO app using your credentials.

STEP-2: On the Home screen, choose the ‘YONO Cash’ option. Or you can go to ‘YONO Pay’ → ‘YONO Cash’.

STEP-3: You will be redirected to the YONO Cash landing page. Go to ‘Request New’ → ‘YONO Cash’ → ‘ATM’.

STEP-4: Select the account you want the money to be debited from and enter the amount to be withdrawn. Click on ‘Next’.

STEP-5: Create a YONO Cash PIN for this specific transaction and click on ‘Next’. This PIN will only be displayed on the screen at the time of creation and will not be shared through any channel. Thus, remember the PIN.

STEP-6: Review the transaction details, accept the ‘Terms and Conditions’, and click on ‘Confirm’.

STEP-7: A message will be displayed after this part of the transaction is completed. 

Your request will be registered on YONO and a ‘Transaction Reference Number’ will be sent to your registered mobile number through SMS.

After this, you can visit your nearest ATM where YONO Cash is enabled and follow these steps -

STEP-1: Click on ‘YONO Cash’ on the ATM.

STEP-2: Enter the following details as prompted -

• The Transaction Reference Number received through SMS

• The exact amount to be withdrawn. It should be the same as entered on the app.

• The temporary YONO Cash PIN that you created while initiating the request.

STEP-3: After all these details have been validated, the cash will be dispensed by the ATM.

Cardless Cash Withdrawal HDFC Bank

If you are an HDFC Bank customer, you can transfer funds to a beneficiary who can withdraw the cash amount from an ATM. The steps have been categorized for easier understanding -

Stage-1: How to Add a Beneficiary?

These steps need to be followed if you are sending money to someone who is not on your beneficiary list. You need to register the beneficiary through NetBanking and is required only once per beneficiary. Here are the steps that need to be followed -

STEP-1: Log in to the HDFC NetBanking portal using your credentials.

STEP-2: Go to ‘Funds Transfer’ → ‘Request’ → ‘Add a Beneficiary’ → ‘Cardless Cash Withdrawal’.

STEP-3: Enter the details of the beneficiary as mentioned, then click on ‘Add’ → ‘Confirm’.

STEP-4: Confirm your mobile number and enter the OTP received for validation.​​​​​​​

Please note that after the beneficiary has been added, it will take 30 minutes for the beneficiary details to reflect in your account. You can transfer funds only after the beneficiary is shown in your account.

Stage-2: How to Transfer Funds to an Added Beneficiary?

Here are the steps that need to be followed to transfer the funds to a beneficiary -

STEP-1: Log in to the NetBanking portal with your credentials.

STEP-2: Go to ‘Fund Transfer’ → ‘Cardless Cash Withdrawal’. Then select the Debit Bank Account from which you want to transfer the funds.

STEP-3: Select the beneficiary from the list of registered beneficiaries.

STEP-4: Check the beneficiary details, and enter the amount you want to transfer. Click on ‘Continue’ → ‘Confirm’.

STEP-5: Confirm the mobile number and enter the OTP to validate the transaction.

STEP-6: The beneficiary will receive an SMS containing the OTP, nine-digit order ID, and the amount.

Stage-3: Cash Withdrawal by the Beneficiary from ATM

Here are the steps the beneficiary needs to follow to withdraw the cash - 

STEP-1: The beneficiary will have to visit an HDFC Bank ATM and select the ‘Cardless Cash’ option from the IDLE loop screen.

STEP-2: They will have to select the language they prefer.

STEP-3: They will have to enter the following details when prompted - 

• The OTP they received 

• The beneficiary’s mobile number

• The Nine digit order ID

• The amount of the transaction

STEP-4: Once the above details are validated the cash will be disbursed by the ATM.

Some important things to keep in mind about HDFC cardless cash withdrawals are -

• Requests can be initiated for a minimum of Rs.100 per transaction, a maximum of Rs.10,000 per day, and Rs.25,000 per month for a beneficiary. (Please note that these limits are subject to change as per regulatory guidelines). 

• A successful cardless cash withdrawal request will be valid for 24 hours from the time of initiation. Once the request expires, the funds will be credited back to the account they were debited from.

Points to Remember During Cardless Cash Withdrawal

There are, however, some things to remember when it comes to these transactions - 

• A maximum of Rs.10,000 can be withdrawn per transaction.

• The number of transactions that can be made is subject to the rules and guidelines of your bank. If you exceed the limit, a message will pop up on the screen.

• The amount limit per day depends on the daily transaction limits of UPI. If you exceed the limit, your UPI app will show you an error message.