{"id":20594,"date":"2014-12-29T07:31:45","date_gmt":"2014-12-29T07:31:45","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=20594"},"modified":"2024-04-03T13:14:52","modified_gmt":"2024-04-03T07:44:52","slug":"card-less-withdrawals-from-atms","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/card-less-withdrawals-from-atms\/","title":{"rendered":"Card less withdrawals from ATMs"},"content":{"rendered":"

\"card-less-withdrawals-from-atms\"<\/a><\/p>\n

There is a new facility which has been started by some lenders such as the ICICI bank<\/b>, enabling customers to transfer cash from their bank accounts to anyone with a help of a mobile number across India. The senders can themselves avail this facility if they do not want to carry a debit card due to various reasons like traveling or maybe have forgotten the card at home.<\/p>\n

ADVANTAGE OF THIS FACILITY:<\/span><\/i><\/b><\/p>\n

It solves the problem of transferring money to any relative who doesn\u2019t have a bank account.<\/p>\n

How the withdrawal system works:<\/span><\/b><\/p>\n

This facility can be initiated by the savings account customers through mobile and internet banking. The recipient may or may not be a bank account holder.<\/p>\n

To initiate it, the sender must add the name of the recipient to the list of cash withdrawal beneficiaries and provide the mobile no, name and address to the bank.<\/p>\n

Once the sender\u2019s request is accepted, he is sent a code on his\/her cell phone, which has to be passed on to the recipient. He\/she will be sent a code by the bank and has to enter both the codes and the mobile no at the cardless withdrawal ATM.<\/p>\n

The sender has to pay Rs 25 per transaction. And has no cancellation charges (the transaction fees will not be refunded).<\/p>\n

Limit of transactions:<\/span><\/b><\/p>\n

Such transactions are capped at Rs 5000 or Rs 10,000. There is also a cap on the maximum amount that can be transferred per account in a day. The maximum amount that can be transferred per month is Rs 25000.<\/p>\n

 <\/p>\n

Click here for government certification in Accounting, Banking & Finance<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There is a new facility which has been started by some lenders such as the ICICI bank, enabling customers to transfer cash from their bank accounts to anyone with a help of a mobile number across India. The senders can themselves avail this facility if they do not want to carry a debit card due…<\/p>\n","protected":false},"author":484,"featured_media":20657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[1572],"class_list":["post-20594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-atm-withdrawal"],"acf":[],"yoast_head":"\nCard less withdrawals from ATMs - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Learn and know There is a new facility which has been started by some lenders such as the ICICI bank, enabling customers to transfer cash. 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