What are cardless ATMs and how to use them

Know the concept of cardless ATM withdrawals, how they work, and how you can securely access cash without using your physical card.
What are cardless ATMs and how to use them
SET UP UPI
5 mins
9 January 2025

What is a cardless ATM?

A cardless ATM allows users to perform transactions without needing a physical ATM card. Instead, customers can access their account and withdraw cash through a secure and convenient method such as their mobile phone, QR codes, or a secure authentication process provided by their bank's app. Cardless ATMs provide a faster and more secure way to access funds as they minimise the risk of card theft or loss. This innovative technology leverages banking apps and other authentication methods, such as biometric verification, making ATM transactions easier than ever. These machines are becoming increasingly popular due to their convenience and security features, allowing users to complete transactions in a few simple steps.

Bajaj Finserv and Bajaj Pay bring a seamless experience for cardless ATM withdrawals by integrating UPI and mobile banking features. Through Bajaj Pay, you can perform transactions quickly, securely, and without needing a physical card, while Bajaj Finserv offers a smooth, secure transaction experience across all ATM withdrawals, ensuring you can access your funds with minimal hassle.

4 ways to connect to a cardless ATM

MethodDescription
Mobile banking appUsers can authenticate via their bank's app and receive a one-time PIN or barcode for ATM access.
QR code scanningScanning a QR code displayed on the ATM screen through the mobile app for authentication.
Near Field Communication (NFC)Using NFC technology to link the mobile phone to the ATM for transaction initiation.
Biometric verificationAuthentication through biometrics such as fingerprint scanning or facial recognition to access the ATM.


How to use a cardless ATM

StepAction
Step 1: Open the banking appLaunch your bank’s app and select the option for cardless ATM withdrawal.
Step 2: Select ATM withdrawalChoose the ATM withdrawal option and generate a one-time PIN or QR code.
Step 3: Visit the cardless ATMGo to the nearest ATM that supports cardless transactions.
Step 4: AuthenticateScan the QR code or enter the one-time PIN on the ATM screen for authentication.
Step 5: Withdraw cashOnce verified, you can proceed to withdraw cash without using a physical card.


Benefits of cardless ATM withdrawal

Enhanced security: No physical cards are involved, reducing the risk of theft or card cloning.

Convenience: Easier to access funds without needing to carry a debit or ATM card.

Faster transactions: Cardless methods are often quicker compared to traditional ATM withdrawals.

Reduced fees: Some banks offer fee-free withdrawals for cardless transactions, reducing overall banking costs.

Accessibility: Convenient for those who have lost or forgotten their ATM card but still need to access their account.

Banks offering cardless ATM withdrawals in India

ICICI Bank: Offers cardless cash withdrawal through their mobile banking app.

HDFC Bank: Provides secure cardless withdrawals using their mobile banking app and UPI services.

Axis Bank: Axis allows cardless withdrawals via their ATM network, accessible through their mobile app.

SBI: State Bank of India offers UPI-enabled cardless withdrawals across their ATMs.

Conclusion

In conclusion, cardless ATM withdrawals represent a significant leap forward in banking convenience and security. By eliminating the need for physical cards, these systems offer a faster, more secure way to access your funds, using mobile banking apps, QR codes, and biometric authentication.

As more banks in India adopt this technology, it is becoming easier to make withdrawals on the go. With Bajaj Finserv and Bajaj Pay, you can enjoy a seamless, secure transaction experience, making your banking more efficient and convenient, without compromising on safety.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

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Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

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Frequently asked questions

Is there a limit for cardless ATM withdrawals?
The cardless ATM withdrawal limit typically varies by bank, with a common cap of Rs. 10,000 per day and Rs. 25,000 per month. This limit is aligned with the existing UPI transaction limits set by the customer's issuing bank.

Are there any charges for cardless cash withdrawal?
Cardless cash withdrawals generally do not incur additional charges beyond standard ATM fees. Customers can expect to pay regular transaction fees that apply to ATM withdrawals, but no extra fees are associated with the cardless process itself.

Which banks allow cardless cash withdrawal?
Several banks facilitate cardless cash withdrawals, including State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB), and others. These banks allow customers to withdraw cash without a physical debit or credit card using UPI or their respective banking apps.

What is needed for cardless withdrawal?
To perform a cardless withdrawal, you need a smartphone with a UPI application installed, such as PhonePe or Google Pay. Additionally, you must have your UPI PIN ready to complete the transaction securely at the ATM without a physical card.

Is cardless withdrawal secure?
Yes, cardless withdrawals are designed to be secure. They often require authentication through UPI PINs or transaction reference numbers sent to registered mobile numbers, ensuring that only authorised users can access the funds.

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