UPI Cash: Withdrawing Money from ATMs via QR

1. Select the UPI cash withdrawal option on the ATM's screen, usually alongside the regular card-based menu.

2. Enter the amount you want to withdraw on the ATM screen.

3. Scan the QR code displayed using your UPI app.

4. Confirm the amount and authenticate with your UPI PIN inside your app.

5. Collect your cash from the ATM once the transaction is confirmed.

Beyond convenience, cardless withdrawal removes the specific risk of card skimming at the machine itself, since there is no card to insert or swipe. It is also the practical answer to being stuck without cash while your card is being reissued after a loss or a fraud block.

This is a different transaction from settling a credit card bill payment, which pays down what you owe rather than withdrawing funds, but both rely on the same underlying UPI PIN authentication for security.

Cardless UPI withdrawal is supported at a growing but still limited set of ATMs, generally those run by banks that have enabled the feature, rather than every ATM you might walk up to. Your regular daily withdrawal limits, set by your bank, still apply the same way they would to a card-based withdrawal.

For moving money without needing cash in hand at all, Stashfin's UPI service lets you scan and pay to any mobile number or UPI ID, or move money to your own bank account, directly through bank-to-bank UPI rails, a useful complement for the situations where an ATM withdrawal is not actually necessary.

• Cardless UPI withdrawal lets you take out cash at supported ATMs by scanning a QR code instead of inserting a physical card.

• It removes the risk of card skimming since there is no card involved in the transaction at the machine.

• It is a practical option when your card is lost, blocked, or left at home.

• Availability is still limited to ATMs run by banks that have enabled the feature.

• Your regular daily withdrawal limit set by your bank still applies the same way it would to a card-based withdrawal.