8 Things To Know About UPI ATMs

Outlook Money

What Is A UPI ATM?

A UPI-enabled ATM allows cardless cash withdrawal via the Interoperable Cardless Cash Withdrawal (ICCW) system. 

How Does It Work?

The ATMs allow cash withdrawals via a QR code using the UPI PIN.

Cardless Transaction

It eliminates the need to carry a card or remember ATM pins for cash withdrawal and prevents theft risk.


A UPI ATM uses QR-based codes, unlike the existing cardless cash withdrawals that rely on mobile numbers and OTPs.

Withdrawal Limit

Customers can withdraw up to Rs 5,000 from an ATM via ICCW.

Banks Offering UPI ATMs

Nearly a dozen banks, including SBI, HDFC, and PNB, currently offer the service.

Innovative Concept

It aims to provide quick access to cash with convenience and security like traditional ATMs, mainly in rural areas.

UPI-ATM Integration

The National Payments Corporation of India (NPCI) facilitates UPI integration with all banks and ATM networks.

Compiled By Himani Verma