Back
Home » Business
  •  
    Filmi Bollywood
    • Ranveer Singh, Alia Bhatt Are ECSTATIC About Gully Boy’s Oscar Entry; 'Making A Mark On World Stage'
    • Vicky Kaushal Compares Playing His Sardar Udham Singh Character To His Takht Character
    • Karan Johar Reveals He Cried When Article 377 Was Abolished, Says Next Is Same-s*x Marriages
    • Tiger Shroff Approached For 'Khalnayak' Sequel; Sanjay Dutt Confirms & Reveals Details!
    • Kiara Advani On Being A Part Of Bhool Bhulaiyaa 2: I Am A Huge Fan Of 'Bhool Bhulaiyaa'
    • Happy Birthday Kareena Kapoor Khan: Actress Shares A Kiss With Saif To Begin The Celebrations!
    • Rahul Bose Pledges To Donate Organs: 'I'll Pledge Every Square Inch Of My Body'
    • CONTROVERSIAL: Urvashi Rautela Breaks Silence On Her ‘INAPPROPRIATE VIDEO’ With Boney Kapoor
    • Sonam Kapoor Opens Up On Suffering From Skin & Body Insecurities When She Was Younger
    • Yami Gautam To Devote Time For Organic Farming After ‘Ginny Weds Sunny’ Wraps!
    • Gaadi Mein Aana Hai Humare Saath? Obsessive Paparazzi Bowled Over By Janhvi Kapoor
    • Pal Pal Dil Ke Paas Movie Review: Karan Deol's Film Struggles To Stay Close To The Heart!
    • Isha Sharvani Duped Of Rs 3 Lakh By Fake Call Centre Employees; 3 Held
    • Karisma Kapoor, Sunny Deol Face Charges For Pulling Chain In Train During Shooting
Bank Of India Allows Customers To Make ATM Withdrawals Using UPI
Good Returns | 11th Sep, 2019 11:21 AM

Last week, Bank of India introduced a new card-less cash withdrawal feature to its ATMs that allow customers to withdraw cash using UPI QR code. The new feature could eliminate the rising concerns of card-related frauds at ATMs, wherein customers are faced with risks of criminals gaining access to their bank accounts using cloning devices and hidden cameras.

In association with AGS Transact Technologies Ltd, an online payment systems provider, Bank of India now allows its account holders to withdraw cash at its ATM machines using unified payments interface (UPI) platform.

Customers can withdraw a maximum of Rs 2,000 using QR code in a single transaction. There is no need for card or PIN.

How to use it?

At present, this feature is available only to Bank of India customers, who need to download the bank's UPI app and visit a BOI ATM. This QR code-based feature is currently only available in select locations in Mumbai, Delhi and Chennai. It is scheduled to roll out nationwide over the next 6 months.

At the ATM, the customer simply needs to scan the QR code on the machine using the UPI app to make the cash withdrawal.

May soon be inter-operable

Bank of India has reportedly approached the NPCI (National Payments Corporation of India) to make the solution universal as QR codes are inter-operable. The NPCI is going to consider it and if allowed, customers of any bank and any UPI app will be able to make cash withdrawals using QR code.

   
 
Health and Life
  • 12 Amazing Health Benefits Of Mangosteen
  • Paranoid Personality Disorder (PPD): Causes, Symptoms, Diagnosis And Treatment
  • Skin Abscess: Causes, Symptoms, Diagnosis, Prevention And Treatment
    • How Does Your Oral Health Affect Your Overall Health?
    • 17 Tick-borne Diseases You Should Be Aware Of
    • 10 Nutritional Health Benefits Of Loquat
      • Chemicals In Beauty Products May Harm Women's Reproductive Hormones, Says Study
      • How To Brush Your Teeth Correctly
      • Celiac Disease: Symptoms, Causes, Risk Factors, Diagnosis And Treatment
        • Primary Amoebic Meningoencephalitis: Causes, Symptoms, Diagnosis, Treatment And Prevention
        • 19 Amazing Health Benefits Of Hops
        • Does Eating Too Much Sugar Cause Diabetes?
          • World Ozone Day 2019: Products That Cause Ozone Depletion And Their Eco-friendly Alternatives
          • Sebaceous Horn (Devil’s Horn): Causes, Symptoms, Risk Factors, Treatment, And Prevention
          • 10 Benefits Of Cycling For Your Health
            • Microcytic Anemia: Symptoms, Causes, Risk Factors, Treatment, And Prevention
            • Cyberchondria: How The Internet Can Affect Your Mental Health
            • Everything You Need To Know About The Hypercholesterolemia (High Cholesterol Levels) Condition
              • Fournier Gangrene: Causes, Symptoms, Risk factors, Treatment, And Prevention
              • Milk And Yoghurt May Help Improve Your Heart Health
              • World Sepsis Day 2019: Sepsis In Infants And Children