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The customers of Bank of Baroda (BOB) have received some wonderful news. Money can also be withdrawn by customers without an ATM card. Customers can now use the UPI App to withdraw cash from ATMs.

Customers can use Bank of Baroda ATMs without a debit card to make cash withdrawals. Through UPI, you can also withdraw money. You must select the ‘UPI Cash Withdrawal’ option to do this at the Bank of Baroda ATM. A QR code will then appear on the ATM’s screen after this. You must enter the PIN after scanning the code. You then need to input the amount.

Customers will have the ability to withdraw money without a debit card thanks to the service provided by ICCW, according to the bank’s Chief Digital Officer Akhil Handa. A customer is permitted two transactions each day. This means that you can only use the service twice a day. More than Rs 5,000 can be withdrawn at once.

Currently Bank of Baroda has launched this feature across their ATMs

Things you should know 💡

You can make 2 transactions per day per account with a withdrawal limit of ₹5000/- Per Transaction
— Ravisutanjani (@Ravisutanjani) June 5, 2023

UPI Payment Charges: According to the Finance Ministry, the United Payment Interface (UPI) is a valuable digital utility for the public, and the government has no plans to charge for it. As a result of this ministry statement, the RBI has eased concerns regarding fees in the payments system raised in its discussion paper. The discussion paper makes the suggestion that fees could be applied to various UPI payment amount categories. There are no fees for UPI transactions as of right now.

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Finance Ministry clarified

In a tweet, the Finance Ministry stated that UPI is a helpful service for the public that offers tremendous convenience to the public and boosts economic production. The government has no plans to charge users for using UPI services. The concerns of the service providers will need to be addressed in other ways in order to recoup the costs.

The government is giving incentives

This information was also provided by Nirmala Sitharaman, to which Prime Minister Narendra Modi responded, “This is a superb accomplishment.” Indians will embrace modern technology and create a clean economy if they embrace modern technology as a whole. Digital payments were extremely helpful during the COVID-19 pandemic.

Let us inform you that UPI transactions are booming across the nation. People are using UPI more frequently than they are using money and credit cards. As a result, 6 billion UPI transactions were made in just a month of July. This information was provided directly by Prime Minister Narendra Modi. The Prime Minister praised UPI and noted that 6 billion transactions were completed through it in July, the most since 2016. In other words, UPI surpassed its previous record for the year 2016 in July and reached a new peak.

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Customers can also withdraw money from this bank without ATM card

Finance Ministry clarifies on discussion about charging UPI transactions, there is no charge for UPI transactions as of now