On Friday, the Bank of Baroda (BoB) proudly unveiled its UPI ATM service, available at more than 6,000 ATMs nationwide. This achievement makes BoB the first public sector bank to introduce UPI ATMs, in collaboration with the National Payments Corporation of India (NPCI) and powered by NCR Corporation.
This innovation allows both BoB’s customers and customers of participating issuer banks to withdraw cash without using their debit cards. Thanks to Interoperable Cardless Cash Withdrawal (ICCW) technology, which enables cardless ATM transactions, the UPI ATM simplifies QR-based cash withdrawals, eliminating the need for a physical card.
A UPI-ATM allows users to withdraw cash from multiple accounts using the United Payments Interface (UPI) app. WLAs are operated by non-banking entities.
Steps to withdraw cash from India’s first UPI ATM
- Select the desired withdrawal amount.
- The UPI QR code corresponding to the selected amount will be displayed.
- Scan the QR code using your UPI app.
- Enter your UPI PIN to authorize the transaction.
- Collect your cash.
UPI-ATM operates through QR-based UPI cash withdrawals. UPI-ATM is accessible to UPI users who have a UPI application installed on their Android or iOS devices.
Users must have a UPI application installed on either their Android or iOS smartphones to perform transactions.