What is UPI ATM? How withdraw cash from UPI ATM.

what is UPI ATM?

UPI-ATM created by the National Corporation Payment of India (NPCI) is a new technology for withdrawing cash in which cash can be withdrawn by scanning the QR code of the BHIM App.

For this, a separate ATM machine has been developed which has been launched by NCPI at Global Fintech Fest 2023 Mumbai.

Let us know how this future payment technology will work.

How to withdraw cash from UPI ATM?

Now there is no need of any ATM Card to withdraw cash from  ATM, now your BHIM QR code app present in the phone will work as an ATM.
Let us know how to withdraw money step by step.

Step One: Select the option cash withdrawal with UPI-ATM

Step Two: Select the cash amount ie how much you want to withdraw.

Step Three: Now when the QR code comes, just scan it from the BHIM app and your cash will be withdrawn.

So in this way, money will be withdrawn easily from UPI ATM in just three simple steps.
This is much easier than an ATM card and the installation cost of a UPI ATM is also less than a normal ATM.