Featured

Coming Soon: Card-Less Cash Withdrawal At All ATMs

By
OB Bureau

Mumbai: In a step aimed at checking fraud, the Reserve Bank of India on Friday said it will soon permit all banks to introduce card-less cash withdrawal through ATMs.

At present, card-less cash withdrawal through ATMs is offered by a few banks in the country.

“It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. In addition to enhancing ease of transactions, the absence of the need for physical card for such transactions would help prevent frauds such as card skimming, card cloning, etc,” RBI Governor Shaktikanta Das said while announcing bi-monthly monetary policy review.

It has been proposed to enable customer authorisation through the use of Unified Payments Interface (UPI) while settlement of such transactions would happen through the ATM networks.

OB Bureau

Recent Posts

AR Rahman Best Man In The World, Certifies Saira Banu; Then Why Their Separation?

Mumbai: There has been a lot of talk over AR Rahman and his wife Saira…

November 24, 2024

Process On To Form NODC In 2-3 Months, Says Odisha CM Mohan Majhi

Sundargarh: The North Odisha Development Council (NODC) would be formed in 2-3 months, said Chief…

November 24, 2024

Odisha DGP Reviews Security Arrangements For President’s Visit To Puri

Puri: Director General of Police (DGP) YB Khurania on Sunday reviewed the security arrangements for…

November 24, 2024

KISS-DU Convocation Honours 3 Eminent Personalities; 8 PhD Degrees Awarded

Bhubaneswar: Three eminent personalities were conferred honorary D.Litt degrees for their outstanding academic excellence and…

November 24, 2024

INS Kuthar Visits Odisha’s Gopalpur Port To Promote Awareness On Coastal Security

Berhampur: Indian Navy ship INS Kuthar docked in Gopalpur port in Odisha's Ganjam district with…

November 24, 2024

Attack On Dharmasala MLA In Odisha: BJD, BJP Trade Charges Over Police Action

Jajpur: Ruling BJP and Opposition BJD were engaged in trading charges against each other on…

November 24, 2024

After Jaiswal-Kohli-Bumrah Heroics, Can India Beat Australia By Record Margin In 1st Test?

Perth: It was the perfect day of Test cricket for Team India. The visiting team…

November 24, 2024

Youth Beats Old Mother To Death In Odisha’s Angul

Angul: A youth allegedly beat his old mother to death following an argument over a…

November 24, 2024