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Here’s how you can carry out Cardless Cash Withdrawal

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It is a common practice for customers to use their debit card to withdraw cash from ATM. However, the scenario is changing and many banks have introduced cardless cash withdrawal. The cardless cash withdrawal allows bank customers to withdraw money without physical debit card. The customer can initiate the process through the mobile banking app, internet banking and it requires an ATM enabled with cardless withdrawal.

Moreover, customers can transfer money to their friends and relatives and they can withdraw cash easily from a cardless cash withdrawal enabled ATM. It is not required for the beneficiary to have an account with the same bank. However, it is important to check the partner banks with whom they have tied to provide cardless cash withdrawal.

Kotak Mahindra Bank, ICICI Bank, HDFC Bank are some of the major banks that have cardless cash withdrawal facility. In this article, we will dive deep into the various features and ways to carry out cash withdrawal without debit card.

Features of Cardless Cash Withdrawal

Customers can send cash anywhere in India and can receive cash at any time of the day including bank holidays. The ATM machine needs to be enabled with cardless cash withdrawal.
The beneficiary does not need to have any bank account and it can be transferred with just the phone number.
The cardless cash withdrawal can be initiated through internet banking or mobile banking app.

Kotak Mahindra Bank Cardless cash withdrawal

Kotak Mahindra Bank customers can withdraw cash or send money without debit card.

Here’s how:

Login to Net Banking with your credentials
Click on the ‘Banking’ tab and select ‘Cardless Cash Withdrawals (IMT)’
Select ‘Self Withdrawal’ or ‘Send to beneficiary’
Enter the required details
Set a ‘Sender PIN’ that needs to be used for self withdrawal or share it with the beneficiary in case you are transferring the money.

Here are the steps that you or the person receiving money should do to carry out cardless cash withdrawal process:

Go to the nearest Kotak ATM. Click here to find out the nearest Kotak ATM near you.
Select ‘Withdraw Cash without Card (IMT)’ button present in the bottom right hand side on the screen.
Enter the Mobile Number and the PIN
Enter the SMS code that you have received on the registered mobile number
Enter the exact amount and withdraw the cash

Customers need to note that the facility is not free. A fee of Rs. 10 will be charged from the second transaction onwards. Also, the request is valid for 48 hours. After the 48 hours are lapsed, the amount is credited back to the bank account.

ICICI Bank Cardless Cash Withdrawal

ICICI Bank provides cash withdrawal facility from 15,000 ATMs by raising a request on ‘iMobile’ the mobile banking app. It can also be used for self-withdrawal or to transfer the funds to a beneficiary.

Customers have a daily transaction limit as well as per transaction limit of Rs. 20,000 through the cardless withdrawal.

Here are the steps that customers need to undertake to carry out cardless withdrawal from ICICI ATM:

Steps to request for Cardless Cash Withdrawal

Login to the mobile banking app with your credentials.
Register a beneficiary / payee
Go to ‘Transfers’ section and select Cardless Cash Withdrawal Single Payment
Go to ‘Register an SMSNCash Payee’
Enter the Payee details such as Payee name, Nickname, Payee mobile number, Payee address, Payee city and Payee PIN code
Confirm the Payee registration by entering the Unique Registration Number (URN) sent on your registered mobile number

Transfer procedure with Cardless Cash Withdrawal service

Go to ‘Transfers’ section and select Cardless Cash Withdrawal Single Payment
Select the account to be debited and select the Cardless Cash Withdrawal beneficiary from the registered Payee list
Enter the transaction amount
Authenticate the transaction using Transaction Password
The selected account will get debited

Verification code through SMS from ICICI Bank

Customers will receive a unique 4-digit verification code through SMS on their registered mobile number
Please share the 4-digit verification code with the beneficiary
The beneficiary will also receive a unique 6-digit verification code through SMS from ICICI Bank on their mobile phone

Withdrawing cash without card from ICICI Bank ATM

After visiting cardless cash withdrawal enabled ATM, the beneficiary needs to input the following the details in the ATM

Their mobile number
4-digit verification code that was received by the Sender through SMS
6-digit verification code received by the beneficiary through SMS
Enter the amount that needs to be withdrawn

The entire amount needs to be entered at one go.

You can SMS ATMCC <PINCODE> to 922220888 to locate Cardless Cash Withdrawal enabled ICIC Bank ATM near you.

HDFC Bank Cardless Cash Withdrawal

HDFC Bank customers can carry out transfer cash to their beneficiaries who may not hold an HDFC Bank account and they can transfer without the requirement of debit card or credit card.

Just like the other banks mentioned above, customers have to add the beneficiary through net banking.

Here are the steps to add beneficiary

Login to HDFC Bank NetBanking
Click on Funds Transfer and then Transact
Click on ‘Add a beneficiary’ tab
Enter the beneficiary details and click on ‘Add’
Click on ‘Add’ after reconfirming the details
Enter OTP (One-time Password) received on your mobile number to complete adding of the beneficiary. The beneficiary will be added in 30 mins.

Steps to make a cardless cash transfer

Login to HDFC Bank NetBanking and click on Funds Transfer
Click on ‘Cardless Cash Withdrawal’
Select the required ‘Debit Account and beneficiary details’ and click ‘Continue’.
Check the beneficiary details and enter the amount to be transferred.
Enter the OTP (One-time Password) received on your registered mobile number to successfully generate the request.
You will require the name and mobile number of beneficiary and Aadhaar / Voter ID / Pan Number of Beneficiary

Steps to make cash withdrawal

The beneficiary has to visit an HDFC ATM with cardless withdrawal.
Select ‘Cardless Cash’ on the ATM screen
You have to enter the order ID and OTP received
After the details are authenticated, beneficiary can withdraw the cash.

The HDFC Cardless cash withdrawal request can be initiated for a minimum of Rs.100 per transaction and up to a maximum of Rs.10,000 per day or Rs.25,000 per month for a single beneficiary.

Conclusion: If you have a friend or a relative that needs urgent cash, cardless cash withdrawal can be extremely helpful in such scenarios. However, pay attention to the charges and limitations and use this facility in urgent scenarios.

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