BANKING

Bank of Baroda has launched an Interoperable Cardless Cash Withdrawal (ICCW) service that allows customers to withdraw cash using UPI. The service, which is now available to all Bank of Baroda customers, does not require a debit card, and makes the bank the first public sector institution to provide the facility, according to a statement. UPI-enabled accounts with other banks can access the service too. Customers simply select the UPI Cash Withdrawal option, enter the amount, scan a QR code with a UPI app and authorise the transaction with their UPI PIN to withdraw cash from the ATM.

from Banking/Finance-Industry-Economic Times https://ift.tt/D8uqFJU
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