CURRENT AFFAIRS : BANKING & FINANCE
Bank of Baroda unveils facility for cash withdrawals using UPI on its ATMs
- Public lender Bank of Baroda (BoB) has launched Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers, wherein they can withdraw money from Automated Teller Machines (ATMs) using the United Payment Interface (UPI).
- BoB becomes the first public sector bank to launch this service.
By whom would it be withdrawn?
- Bank of Baroda customers
- Customers of other participating issuer banks that use Bharat Interface for Money (BHIM) UPI
- Bob World UPI or any other UPI application enabled for ICCW on their mobile phone can withdraw cash from a Bank of Baroda ATM without using their debit card.
