RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

The Reserve Bank of India (RBI) on Thursday asked banks, ATM networks, white label ATM operators, and the National Payments Corporation of India (NPCI) to provide the option of interoperable card-less cash withdrawal at cash machines.

The RBI, after its April monetary policy committee meeting, announced the introduction of interoperable card-less cash withdrawal facility across all banks and all ATM networks.

In the circular issued on Thursday, the central bank said the NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

Essentially, UPI would be used for customer authorisation in such transactions,