UPI ATM Cash Withdrawal 

Are you an old schooler who prefers cash in times of digital boom? But an unhealthy relationship with your ATM PINs coming in between your good old love? Or is your wallet filled with credit and debit cards more than cash? Then UPI-ATM systems are your match made in heaven.  

Thanks to the UPI-ATM system, you can now mutually break up with your credit and debit cards and withdraw cash from any ATM of your choice irrespective of the bank you have an account in. 

Launched on 5th September 2023 in Mumbai by the National Payments Corporation of India (NPCI), the UPI or Unified Payment Interface marks a landmark in the history of the banking system.  

Now here’s a detailed guide on how you withdraw cash using this feature! 

What is UPI ATM withdrawal Service? 

UPI did change the way we conduct our transactions. Being one of the most convenient ways of making and receiving payments, UPI is gaining popularity right from tea stalls to 5-star hotels. And wallets and credit cards are beginning to feel like ancient times.  

However, the touch and smell of physical cash that is fresh out of an ATM is always special.  

So, how do you satisfy your need for physical cravings for money? Well, the answer is your smartphone once again.  

A smartphone and an ATM that is UPI-friendly are all that you need to withdraw cash from any ATM. 

How To Withdraw Cash From ATM Using UPI? 

Please follow these simple steps to withdraw cash from the ATM using your UPI app.  

Step 1: Locate the nearest ATM and select between the options ‘UPI cash withdrawal or the ATM’ from the screen. 

Step 2: Input the amount you desire to withdraw.  

Step 3: A single-use dynamic QR code will get displayed on the redirected screen.  

Step 4: Using any of the UPI apps suitable for you, scan the QR code.  

Step 5: Input the UPI PIN and desired amount to withdraw 

Step 6: Post verification of the transaction, the ATM will dispense the cash. Don’t forget to take the cash before you exit from the ATM.  

Good job, kid! Look at you becoming tech-savvy.  

And yes, there’s something more.  

Having a bank account that is authenticated and approved by NPCI and is also connected to your UPI app is all that you require. Do not worry if the bank that you hold an account has an ATM that is UPI-enabled. 

One less headache, right?  

Key Features of UPI ATM Cash Withdrawal  

Flexibility 

When all that you need is a smartphone and a bank account that is linked to your UPI to withdraw cash, what more flexibility can we ask for? Go rogue! Withdraw cash from any ATM that is UPI-enabled without actually having to worry about which card goes into which bank ATM.  

QR Code-Based UPI ATM Withdrawal 

You are now just one QR code away from withdrawing cash from the ATM. Just scan the QR code on the screen and withdraw money from any ATM that is UPI enabled.  

Transaction Limit 

The maximum withdrawal limit is set at Rs 10,000. The limit is the same as already existing limits of daily UPI transactions.  

Note: Withdrawal limits might vary depending on your bank.  

UPI ATM Cash Withdrawal Benefits 

From eliminating card-related fraud to not having to remember all of your card's PINs, here’s a list of added advantages that come along with the UPI-ATM system.  

Enhanced security 

Be it card cloning, skimming, or device tampering, it is hard to commit card-related fraud when there is no card in the picture. With no more than a smartphone required, the UPI-ATM system offers a unique yet secure approach. 

Accessibility 

Playing matchmaker between your ATM and your bank account? You no longer have to! Feel free to withdraw cash from any ATM that is enabled by an UPI PIN. In instances where you just opened a bank account and are waiting for your physical card, you can use the UPI-ATM system to withdraw money. 

Convenience 

Going all the way to the ATM just to find out that you have your credit card is chilling at home. Or chanting PINs of credit cards like mantras, so you do not block yourself out of your own account?  

We understand how forgetful you can be! 

There’s nothing much to hope for on the medical side. But, hey! On the plus side, you can now purposefully leave behind your cards at home. However, that would be a little dramatic.  

So, now there’s no stopping between you and the cash you want to withdraw. 

List Of Banks Providing UPI ATM Cash Withdrawal 

  • Bank of Baroda 

  • Ujjivan Small Finance Bank 

  • State Bank of India  

  • Equitas Small Finance Bank 

  • City Union Bank  

  • Suryoday Small Finance Bank 

  • Union Bank of India  

  • Fincare Small Finance Bank 

  • Indian Bank  

  • Cosmos Bank 

  • Yes Bank  

  • GP Parsik Sahakari Bank Ltd 

  • Canara Bank Janata Sahakari Bank 

  • Central Bank of India  

  • The Mehsana Urban Co-op Bank 

  • Bank of India Andhra Pragathi Grameena Bank 

  • Utkarsh Small Finance Bank  

  • Andhra Pradesh Grameena Vikas Bank 

  • Punjab National Bank  

  • Chhattisgarh Gramin Bank 

  • Punjab and Sind Bank  

  • Telangana Grameena Bank 

  • UCO Bank  

  • Uttarakhand Gramin Bank 

  • IndusInd Bank  

  • Saurashtra Gramin Bank 

  • HSBC Rajasthan Marudhara Gramin Bank 

  • Karur Vysya Bank  

  • Karnataka Vikas Grameena Bank 

  • Federal Bank Meghalaya Rural Bank 

  • Arunachal Pradesh Rural Bank   

Note: Please visit the NPCI website to check for more banks that enable UPI-ATM transactions.  

UPI ATM Cash Withdrawal Charges 

There is no standard fee structure irrespective of whether you use the UPI withdrawal method or any physical card. The NPCI does not levy any charges for using UPI for ATM transactions.  

However, please note that the charges depend on your account type and the number of ATM transactions per month.  

Conclusion 
 
You can now move beyond the need to carry several credit and debit cards and rewrite your cash love story. With nothing much but only a smartphone and a UPI app that is connected to your bank account, take out cash from any ATM as per convenience. 
 
FAQs on UPI ATM Cash Withdrawal  
 
1. What is cardless cash withdrawal? 
 
Withdrawing cash using UPI is very easy. You can take cash from the ATM without using a debit card or a credit card.  At the ATM, you can choose between options ‘UPI cash withdrawal’ and scan the QR code using a UPI app to finish the withdrawal. 

2. Can I withdraw cash from ATM using UPI? 
 
Yes, it is possible to withdraw cash from an ATM using UPI. At a UPI-enabled ATM, select the UPI option, scan the QR code on the ATM screen with your UPI app, enter the amount, and authenticate the transaction with your UPI PIN. The ATM will then dispense the cash. This method is convenient and secure, as it eliminates the need for a physical debit card.  

3. Can I withdraw money from ATM with Google Pay? 

No, you cannot withdraw money from an ATM directly using Google Pay. To withdraw cash using Google Pay at an ATM: 

  • Launch the Google Pay app on your smartphone. 

  • Scan the QR code displayed on the ATM screen. 

  • The amount and payee information will be automatically filled in. 

  • Choose the bank account from which you wish to withdraw cash. 

  • Enter your UPI PIN to complete the transaction. 

4. Which banks have UPI ATM? 

As of now, UPI ATM cash withdrawal is supported by several major banks in India, including State Bank of India, Union Bank of India, ICICI Bank, Yes Bank, Bank of India, Punjab National Bank, Canara Bank, Indian Bank, City Union Bank, and IndusInd Bank. These banks have integrated UPI with their ATM networks, allowing users to withdraw cash using their UPI-enabled smartphones. The service aims to enhance convenience and accessibility for UPI users. For the most current list and specific details, it's best to check with individual banks. 

5. How to withdraw money from ATM using QR code? 

To withdraw money from an ATM using a QR code, follow these steps: 

  • Open your banking app on your smartphone and navigate to the ATM withdrawal section. 

  • Select the option to generate a QR code for ATM transactions. 

  • Go to the ATM and choose the "QR Code Withdrawal" option on the screen. 

  • Scan the QR code displayed on the ATM using your banking app. 

  • Enter the amount you wish to withdraw and complete the transaction as directed. 

Ensure your bank’s app supports this feature and the ATM is equipped with QR code functionality. 

6. What is the threshold for cash that can be withdrawn from the ATM using UPI?  

The threshold on cash that can be withdrawn is Rs 10,000 for each day.  
 
7. Can I take out cash from an ATM run by SBI? 

Yes, SBI-run ATMs allow users to withdraw cash using the UPI-ATM system. One needs to download the UPI app which is enabled for such transactions. 
 

 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.