Today, ICICI bank has announced the launch of a ‘cardless cash withdrawal’ facility from its ATMs. This facility will allow the bank customers to withdraw cash from any ICICI Bank ATM without a debit card 24X7.
Speaking on the launch, Anup Bagchi, Executive Director, ICICI Bank said, “The offering of ‘cardless cash withdrawal’ from iMobile enables our customers to withdraw cash securely and conveniently for everyday usage and purchases, all from the convenience of their mobile phone. We believe that this proposition of cash withdrawal from an ICICI Bank ATM without using a debit card offers a speedy and unique experience to our customers.”
This scheme would let the customers use their mobile number and pin to withdraw cash and thus would not have to carry any debit card. This would help in securing transactions.