India-based banking group Icici Bank announced on the launch of its Cardless Cash Withdrawal feature from ATMs. The bank reported this service enables customers to withdraw cash from more than 15,000 ATMs of the bank by simply raising a request on iMobile, Icici Bank’s mobile banking app.
“The Cardless Cash Withdrawal service can be used for self-withdrawal when customers do not wish to carry the debit card. The daily transaction limit as well as per transaction limit is set at Rs. 20,000.”
Features of the new service include:
- The convenience of usage: No requirement to carry and use debit card or ATM PIN to withdraw cash for daily usage
- Wide accessibility: Available across all over 15,000 ICICI Bank ATMs
- Convenient daily limit: Cash upto Rs. 20,000 can be withdrawn on a daily basis
- Safe and secure: Safe and secure mode of cash withdrawal using iMobile
Speaking about the service, Anup Bagchi, Executive Director of ICICI Bank, stated:
“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 debit 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.”
Icici added that the cash withdrawal request and OTP are valid up to next day midnight.