ATM Cash Withdrawal using UPI
Today I Made a Cash Withdrawal using UPI at Global FinTech Fest in Mumbai What an Innovative Feature for Bharat.
How to Withdraw Cash at ATM using UPI-ATM ICCW
ATM Cash Withdrawal using UPI
Step 1: At the ATM, select ‘UPI cash withdrawal’ option
Step 2: ATM will ask you to enter the amount that you want to withdraw
Step 3: You will be prompted with a single-use QR code on the screen
Step 4: Scan the prompted QR code on the screen using any UPI application on your mobile
Step 5: Authorize the transaction. UPI will be debited upon authorization
Step 6: On the ATM, tap on ‘Press here for cash’
Step 7: Your cash will be dispensed
Important to Understand 
• This will be counted as ATM Withdrawal and charges may get applied beyond allowed free usage limit
• Currently Supported on BHIM UPI App, More Apps will be Live soon
• Being Rolled out in Phases, hopefully we’ll see new UPI ATMs soon
🚨 ATM Cash Withdrawal using UPI
Today I Made a Cash Withdrawal using UPI at Global FinTech Fest in Mumbai
What an Innovative Feature for Bharat pic.twitter.com/hRwcD0i5lu
— Ravisutanjani (@Ravisutanjani) September 5, 2023
ATM Cash Withdrawal using UPI
Features of the UPI-ATM (ICCW) Service
Main features of this facility are mentioned below:
- The service allows seamless card-less transactions
- Individuals do not need to carry their debit/credit card for making cash withdrawals from ATMs
- It will allow users to withdraw cash from multiple accounts using UPI app
- Transaction limit of this facility is up to Rs. 10,000. However, it may vary from bank to bank. The limit is covered under the total transfer limit through UPI every day (Rs. 1 Lakh).
- Two-step verification is used that helps add security and reduce chances of fraudulent transactions
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Fees and Charges
Customers are allowed to carry 5 transactions (including financial and non-financial transactions) in a month from their own bank ATMs. They are also eligible to carry out free transactions from other bank ATMs (including financial and non-financial transactions) i.e. three transactions in metro centres and five transactions in non-metro centres. Thereafter, customers will be charged Rs. 20 per transaction.
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Maximum Withdrawal through UPI-ATM
As per the initial arrangements, a maximum of Rs. 1 Lakh every month can be withdrawn as one can carry out a transaction only up to Rs. 1 Lakh through UPI every month. It also has an upper capping of Rs. 10,000 every day. However, if one uses the same account for other UPI transactions, the overall withdrawal limit would decrease accordingly.