Is UPI ATM safe in India, allowing you to withdraw cash from ATMs without a physical debit card? Hitachi Payment Services launched UPI ATM in association with NPCI, a revolutionary product powered by NCR Corporation, at Global Fintech Fest, Mumbai. It allows UPI users to cash Withdrawals without a Debit or Credit card (Cardless Cash Withdrawal). This ATM works with the UPI App and allows users to go Cardless.
In this article, we will explain what UPI ATMs are, how they work, and why they are a game-changer for everyday money needs.
Table of Contents
What is UPI ATM
It is Unified Payments Interface Automated Teller Machines, which are a fancy name for ATMs that don’t require a debit card. Instead, they use your smartphone and a UPI app to help you take out cash. It is an Android-based system that gives openness to add lots of functionality and brings lots of features for customers. It is a cost-effective ATM in comparison to a conventional one.
you can also read What is UPI
How to Withdraw Cash from UPI ATM | How to Withdraw Money from UPI ATM
UPI ATM is a UPI-based ATM and very easy to use, we will learn how to use UPI ATM step by step:
Choose “UPI Cardless Cash”:
When you find one of these ATMs, just select the “UPI Cardless Cash” option on the screen. A new window will open with the Cash Withdrawal Option
1. How to Withdraw Cash from UPI ATM
Pick How Much Cash:
Click on the required Cash or Tell the ATM how much money you want to take out.
2. How to Withdraw Cash from UPI ATM
Scan a QR Code:
Use your UPI app on your smartphone to scan a QR code on the ATM screen. Select the Bank from where you want to withdraw.
3. How to Withdraw Cash from UPI ATM
Enter Your Secret UPI PIN:
Type in your secret UPI PIN to make sure it’s really you. It will fetch your Details and work accordingly.
4. How to Withdraw Cash from UPI ATM
Get Your Cash:
Once everything is checked, your transaction will process and the ATM will give you cash.
5. How to Withdraw Cash from UPI ATM
*Right now, these ATMs let you take out up to Rs. 10,000 at a time, but that limit might change depending on the bank.
Advantages of UPI ATM | Benefits of UPI ATM
UPI ATM, also known as UPI Cash Withdrawal, is a feature that allows users to withdraw cash from ATMs without using a physical debit card. here are its advantages
Cardless Cash Withdrawals
The best part about these ATMs is that you do not need to carry around a physical debit card. It is a lifesaver if you ever forget your card or it goes missing. It allows Cardless cash withdrawal without any extra effort, just Scan and withdraw the cash.
is UPI ATM Safe
Security is a big deal today, and UPI ATM helps you with its ultra-secure system. It keeps your money safe from cunning people. There is no risk of the card being skimmed or lost. Simply scan with your UPI app and enter the UPI PIN on your mobile.
Any Bank Works
You can get cash from any UPI-enabled ATM, irrespective of your bank account. Simply scan the QR on the screen, select payment, and enter the PIN on your mobile. It allows you to withdraw cash from any bank’s ATM, no matter which bank you use; these ATMs are open to everyone.
Lightning-Fast
It works on the Android system and allows transactions to be done in the blink of an eye. You will have your cash before you know it. It takes hardly 20 seconds to complete the transactions.
Saves You Money
There are no extra charges here! You just pay the regular ATM fee that your bank usually charges.
Helps Remote Areas
These ATMs can provide cash withdrawal solutions in remote areas where physical bank branches and ATMs may be scarce. This will strengthen rural areas in terms of cash.
UPI ATMs: Easy Cash for Everyone
UPI ATMs are money machines that help lots of people, These ATMs allow you to control your money, especially when:
If you forgot your debit card or it is lost.
In places where normal ATMs are far away.
When you do not have a bank account or a debit card.
If you want to take out cash from different accounts on your UPI app.
UPI ATMs are like a financial superhero, making sure everyone can get their cash safely.
*Never share your mobile and UPI PIN with anyone, this will protect you from fraud. Always remember that your Mobile is your personal bank and never give access to it to anyone
UPI ATMs Finder
NPCI gives you a tool to find UPI-enabled ATMs in your area. In this post, you will find an ATM in your required area just by clicking the below link and entering the required data.
Click here to FindvUPI Enable ATM in your Area
Enter your State – Enter Your District OR Pincode (Enter landmark or Bank Name), Press Search, and You will get the Result
Why UPI ATM in India
The idea behind UPI was to move towards a cashless India. these ATMs are a big part of making that happen. It encourages:
People to start using digital payments.
Less physical money moving around, which is safer and cheaper.
Folks in remote areas to join the digital payment revolution.
To wrap it up, UPI ATMs are changing the way we handle cash in India, making life simpler for all of us
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UPI ATM FAQs
What is UPI ATM?
It is a type of ATM that does not require a debit card. Instead, they use your UPI-enabled smartphone to take out cash. Just Click the Cardless Cash, scan the QR Code, and withdraw the cash.
How much money can be withdrawn from UPI ATM?
The cash withdrawal limit of these ATMs is Rs 10,000 per transaction, this limit might change depending on the bank. kindly contact your Bank for more details.
Where is the UPI PIN on the ATM card?
There is no UPI PIN in any ATM Card, UPI PIN is generated by UPI users of their choice. A debit Card is required to set the UPI PIN in UPI.
How do you withdraw money from an ATM using UPI?
Money Withdrawal Using UPI is a 5 steps Process:-
Select UPI Cardless Cash in ATM – Click How Much Cash – Scan a QR Code – Enter Your Secret UPI PIN – Get your Cash
How do I find a cardless ATM?
Check for the contactless symbol if you’re searching for a cardless ATM. The image will be on the ATM if the ATM supports cardless transactions.
Can I withdraw cash using PhonePe?
Yes, you can withdraw cash without any debit or ATM card, PhonePe UPI App enables you to withdraw cash without any card. This is a revolutionary change in cash withdrawal methodology.
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