InvestorQ : Can you tell me how the ICICI Bank card-less cash withdrawal will work for the account holders?
Riya Dwivedi made post

Can you tell me how the ICICI Bank card-less cash withdrawal will work for the account holders?

Answer
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rhea Babu answered.
9 months ago


You are absolutely right that ICICI Bank launched card-less cash withdrawal facility from its ATMs. However, these card-less transactions will have a daily limit of Rs.20,000 only. Under this facility, customers can withdraw cash from the network of 15,000 ATMs of ICICI bank by raising a request on iMobile, which is their retail mobile banking application which is compatible with your smart phone. By doing so, one can withdraw cash even without using a debit card.

Recently, SBI had launched OTP based cash withdrawal to add an additional level of security to transactions and reduce the incidence of frauds. ICICI Bank has consolidated total assets of Rs.12,88,190 crore and a presence spread across 15 countries.