India launches Cardless Cash Withdrawal

ICICI Bank, India’s multinational banking and financial services company headquartered in Mumbai, launched last 21 January its ‘Cardless Cash Withdrawal’ service. Customers no longer need a paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More card and will now be able to withdraw cashMoney in physical form such as banknotes and coins. More from the bank’s network of more than 15,000 ATMs using their mobile banking application, iMobile. According to the bank, Cardless Cash Withdrawal brings an advantageous, simple and safeSecure container for storing money and valuables, with high resistance to breaking and entering. More alternative to withdrawing cash 24/7:

• Convenience of usage: no requirement to carry and use a card or ATM PIN to withdraw cash for daily usage
• Wide accessibility: available across over 15,000 ICICI Bank ATMs
• Convenient daily limit: up to Rs. 20,000 can be withdrawn on a daily basis
• Safe and secure: safe and secure mode of cash withdrawal

“ICICI Bank has been at the forefront of digital innovations since its inception. The offering of ‘Cardless Cash Withdrawal’ from iMobile enables our customers to withdraw cash securely and conveniently for everyday usage and purchases, all from the convenience of their mobile phone. We believe that this proposition of cash withdrawal from an ICICI Bank ATM without using a card offers a speedy and unique experience to our customers. We at ICICI Bank will continue to focus on innovations in technology at all channels and touch-points that will bring more convenience to the customers.” says Mr. Anup Bagchi, the bank’s Executive Director.

To use the application, customers would simply have to follow the steps below:

• Log into ‘iMobile’ app > select ‘Services’ and ‘Cash Withdrawal at ICICI Bank ATM’
• Enter the amount, select account number, create a 4-digit temporary PIN and submit
• Immediately receive a reference OTP (One Time Password)
• Visit any ICICI Bank ATM > select Cardless Cash Withdrawal >enter mobile number > reference OTP number > temporary PIN > Amount

More information can be read here.

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