ICICI Bank launches cardless cash withdrawal services

No debit card required for such transactions; only mobile number needed

ICICI Bank on Wednesday said it would allow consumers to withdraw or transfer cash without debit cards.

To avail this facility, a sender has to register the recipient's name, mobile number and address. On receiving a six-digit reference code, the recipient can withdraw cash from the bank's ATMs within two days of the transaction.

"This innovative service will further empower our customers, as well as their families and friends, by giving access to instant money, even without having a bank account or a debit card," said Rajiv Sabharwal, executive director, ICICI Bank.