UPI-ATM Launched: A New Way to Withdraw Cash Without Cards

Getting cash is now easier – no card, no swipe, no hassle. With the launch of the UPI ATM, you can withdraw money using just your phone and a UPI app. It’s a new cardless cash withdrawal option that’s quick, safe and easy to use. UPI ATM cash withdrawal makes it simple to get cash whenever you need it, without depending on a debit card.

What is a UPI-ATM?

A UPI ATM is India’s first QR-based cardless ATM system. It was launched by Hitachi Payment Services in partnership with the National Payments Corporation of India (NPCI). The machine runs on an Android platform and lets you withdraw cash using any UPI app. No debit card is required for this transaction.

It supports Interoperable Cardless Cash Withdrawal (ICCW), which means you can use it even if your ATM and bank are different. Just scan the QR code on the screen and get your cash instantly.

How UPI-ATM Works?

The UPI ATM is designed to keep things quick, simple and secure. Instead of inserting a card, it uses a one-time QR code that you scan with your UPI app. The process is smooth and takes just a few steps.

Here’s how it works:

• Visit any UPI-ATM (these run on Android screens)
• Select ‘UPI cash withdrawal’ on the ATM screen
• Enter the amount you wish to withdraw
• A QR code will appear on the screen
• Open your UPI app and scan the QR code
• Enter your UPI PIN to approve the payment
• Collect your cash from the ATM

No need to carry and swipe your cards, just scan and collect your cash.

UPI-ATM Cash Withdrawal Limits

There are a few things to know before using a UPI ATM to withdraw cash. While the process is simple, limits are set to keep transactions safe and controlled.

Here’s what you need to keep in mind:

• Per transaction limit: You can withdraw up to ₹10,000 in a single transaction
• Daily limit: Follows your existing UPI daily limit set by your bank or app
• No separate cap: The withdrawal is counted within your regular UPI usage
• Account flexibility: You can choose any linked bank account through your UPI app before confirming the transaction

To use this feature, make sure both your UPI app and bank support UPI-ATM cash withdrawal. Not all apps or banks may offer it yet.

How is UPI-ATM different from Regular ATMs?

While both options let you withdraw cash, UPI-ATMs work in a completely cardless way. Here’s a quick comparison:

Feature	Regular ATM	UPI-ATM
Requires a debit card	Yes	No
Works with UPI apps	No	Yes
Security method	Card + ATM PIN	QR code + UPI PIN
Fraud risk	Higher (skimming, theft)	Lower
Interoperability	Same-bank mostly	Multi-bank UPI-supported

Benefits of UPI-ATM for Everyday Users

Whether you’re stepping out without your wallet or just want a faster way to get cash, UPI-ATM offers plenty of advantages:

• Cardless access: You don’t need to carry your debit card anymore. Your phone is enough.
• Secure and PIN-protected: Every transaction is approved through your UPI app using your UPI PIN.
• Interoperable: Works across multiple banks and apps, so you’re not limited to your bank’s own ATM.
• Lower fraud risk: No card means no risk of skimming, PIN theft or misuse.
• Quick and easy: Perfect for times when you need cash on the go and you’re worried about losing your card.

Banks offering UPI-ATMs

Several major banks have already started rolling out UPI-ATMs across India. Banks currently supporting this facility include:

• Punjab National Bank (PNB)
• Union Bank of India
• Canara Bank
• Indian Bank

More banks are expected to join soon as cardless cash withdrawals become more popular. For now, UPI-ATMs are being rolled out in phases and are available only in select cities. So, if you’ve been searching for a UPI-ATM near me, look out for Android-based Hitachi machines at supported locations. These are easy to spot and may soon appear in bank and UPI apps with location support. 

Support for UPI-ATMs is growing. More banks and ATM networks are joining in. Soon, finding one will be as easy as typing ‘UPI ATM near me’ on your phone. But for everyday spends, using a smart credit card that gives rewards can help you save while you spend! 

The Fibe Axis Bank Credit Card comes with no joining or annual fees. You also get 3% cashback on food delivery, daily commute and entertainment. It works well with UPI apps, helping you track spends and earn rewards at the same time.

Download the Fibe app now to unlock a smarter way to spend!

FAQs on UPI-ATM

Which bank launched UPI-ATM?

India’s first UPI-ATM was launched by Hitachi Payment Services in collaboration with the National Payments Corporation of India (NPCI). It was unveiled at the Global Fintech Fest in Mumbai, making cardless cash withdrawals possible for the first time in the country.

Which bank provides UPI-ATM withdrawal?

UPI-ATM withdrawal is currently supported by banks like PNB, Union Bank, Canara Bank and Indian Bank. More banks are expected to join soon.