Bank of Baroda (Bank), one of India’s biggest public sector banks, has announced that the UPI ATM facility is now available at over 6,000 Bank of Baroda ATMs across the country. It is the first PSU bank to launch UPI ATMs in collaboration with the National Payments Corporation of India (NPCI) and powered by NCR Corporation. clients of Bank of Baroda as well as clients of all participating issuer banks who use any UPI-enabled Mobile app can withdraw cash from Bank of Baroda UPI ATMs without using their debit card.
The UPI ATM provides seamless QR-based cash withdrawals, eliminating the need to carry a Card to withdraw cash, by utilising the Interoperable Cardless Cash Withdrawal (ICCW) technology, which facilitates cardless cash withdrawals through ATMs.
The UPI ATM, which uses the Interoperable Cardless Cash Withdrawal (ICCW) technology, enables seamless QR-based cash withdrawals, eliminating the need to carry a Card to withdraw cash, according to the company.
Joydeep Dutta Roy, Executive Director, Bank of Baroda said, “We are witnessing a dramatic digital transformation in India with people across the spectrum eager to embrace new technologies that makes banking even more effortless, quick and safe. At Bank of Baroda, we are pleased to go live
with over 6,000 UPI ATMs. The UPI ATM facility is a convenient and secure way for people to withdraw cash without the use of a card. The UPI ATM marries the popularity & security of UPI with the extensive reach & availability of ATMs.”
One of the key advantages of the UPI ATM service is that clients can withdraw cash from numerous accounts linked to UPI.
Also Read | Bank of Baroda unveils withdrawal facility via UPI through its ATMs
UPI ATM transactions are also faster, more convenient, and more secure because they generate a single-use dynamic QR code for each transaction and offer a secure banking experience, according to the company.
