Indian private sector lender ICICI Bank has announced the launch of a cardless cash withdrawal facility from its ATMs in India.
Through this facility, bank customers can withdraw cash from any ICICI Bank ATM using its iMobile app.
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Commenting on the new proposition, ICICI Bank executive director Anup Bagchi said: “The offering of ‘cardless cash withdrawal’ from iMobile enables our customers to withdraw cash securely and conveniently for everyday usage and purchases, all from the convenience of their mobile phone. We believe that this proposition of cash withdrawal from an ICICI Bank ATM without using a debit card offers a speedy and unique experience to our customers.”
Through this service there is no requirement to carry the debit card to withdraw cash for daily usage.
The daily transaction limit and per transaction limit is set at Rs20,000. The generated reference OTP is valid up to next day midnight.
The cardless cash withdrawal facility is available at over 15,000 ICICI Bank ATMs.
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By GlobalDataICICI Bank announced the launch of a cardless cash withdrawal facility from its ATMs in India.
Through this facility, bank customers can withdraw cash from any ICICI Bank ATM using its iMobile app.
Recently, ICICI Bank launched API Banking portal with around 250 APIs to provide the bank’s partner companies with access to APIs across various categories and create new customer solutions.
Founded in 1994, ICICI Bank is a private lender providing financial services to corporate and retail customers.
