Get cash from ATMs using UPI apps: Step-by-step guide and how UPI-ATM works
Unified Payments Interface (UPI) has become a game-changer in India when it comes to advanced digital payment and convenience. While UPI has become the biggest technological leap in the country, its usage and features are only expanding day by day. Now, UPI payments are being used for cash withdrawals in ATMs. This means UPI users will be able to withdraw cash via UPI instead of using credit or debit cards. Know more about the technology and how it will benefit users.
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According to the MySmartPrice report, the National Payments Corporation of India (NPCI) has given approval for UPI-enabled withdrawal. Therefore, you do not have to worry about carrying your debit cards every time. The report highlighted that they conducted a test in an ATM in Mumbai for cardless cash withdrawals which carried a lengthy setup process. Reportedly, cash withdrawal via UPI is much more complicated than the traditional card withdrawal process. Know how the process will work for users.
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An X user named Chinmay Dhumal shared an X post explaining the process of UPI-enable cash withdrawal:
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The user also highlighted that the ATM does not charge anything for withdrawals up to ₹1000. However, for cash disposal, users will have to pay a 1 per cent charge.
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