Bank Of Baroda Launches Facility For Cash Withdrawals Using UPI On Its ATMs

Bank of Baroda (BoB), one of India’s leading public sector banks, has taken a step towards enhancing customer convenience by launching a new feature that enables cash withdrawals using Unified Payments Interface (UPI) on its Automated Teller Machines (ATMs). With this innovative facility, customers can now withdraw cash from BoB ATMs without the need for a physical debit card. Here are the details of this latest offering:Source:- TET
Key Features of Bank of Baroda’s UPI-based Cash Withdrawal Facility:
1. Cardless Cash Withdrawals: The new feature allows Bank of Baroda customers to initiate cash withdrawals from ATMs without using their physical debit cards. Instead, they can use the UPI platform to authorize the transaction.
2. Seamless Integration: The UPI-based cash withdrawal facility is seamlessly integrated into Bank of Baroda’s existing ATM network, ensuring a smooth and convenient experience for customers.
3. Simple Process: To avail of this facility, customers need to follow a few simple steps. First, they have to open their preferred UPI-enabled mobile banking application and select the Withdraw Cash option. Then, they need to enter the amount they wish to withdraw and authenticate the transaction using their UPI PIN.
4. Wide Accessibility: Bank of Baroda’s UPI-enabled cash withdrawal facility is accessible through the bank’s extensive ATM network across the country. Customers can conveniently locate and utilize these ATMs to withdraw cash without the need for a physical debit card.
5. Enhanced Security: The UPI-based withdrawal process offers an added layer of security as customers need to authenticate the transaction using their UPI PIN, which is known only to them. This reduces the risk of unauthorized transactions and enhances customer confidence in the service.
Commenting on the new offering, Mr. Sanjiv Chadha, Managing Director and CEO of Bank of Baroda, stated, We are committed to providing our customers with innovative banking solutions that simplify their banking experience. The introduction of UPI-based cash withdrawals on our ATMs is another step in that direction. This facility aligns with our digital-first approach and will enable our customers to enjoy the convenience of cardless transactions while ensuring utmost security.
Bank of Baroda’s UPI-based cash withdrawal facility is expected to benefit a wide range of customers, particularly those who may have forgotten their physical debit cards or prefer not to carry them. By leveraging the power of UPI, the bank is reinforcing its commitment to digital transformation and customer-centric services.
Customers are encouraged to stay updated with the bank’s communication channels, including its website and mobile banking application, for detailed instructions and any additional information related to the UPI-enabled cash withdrawal facility on Bank of Baroda ATMs.
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