Financial institution of Baroda (BoB) has enabled UPI ATM facility, which can permit QR-based money withdrawals, at its over 6,000 ATMs around the nation.

The Financial institution, in a remark, stated it’s the first public sector financial institution to release UPI ATMs, in coordination with the Nationwide Bills Company of India (NPCI) and powered via NCR Company.

BoB stated its consumers in addition to consumers of all collaborating issuer banks the use of any UPI-enabled Cell app can withdraw money from its UPI ATMs with no need to make use of their debit card.

The use of the Interoperable Cardless Money Withdrawal (ICCW) generation, which facilitates cardless money withdrawals via ATMs, the UPI ATM allows seamless QR-based money withdrawals, removing the want to lift a Card to withdraw money.

Joydeep Dutta Roy, Government Director, BoB stated, “The UPI ATM facility is a handy and protected method for other folks to withdraw money with out the usage of a card. The UPI ATM marries the recognition & safety of UPI with the intensive succeed in & availability of ATMs.”

“One of the crucial primary advantages of the UPI ATM facility is that buyers can withdraw money from a couple of accounts related to UPI. UPI ATM transactions also are sooner, handy, and secured because it generates a single-use dynamic QR code for each and every transaction and guarantees a secure banking revel in,” the Financial institution stated.

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