Cardless Cash Withdrawal from ATM launched by ICICI Bank

Mumbai based India’s leading Private sector multinational bank, ICICI bank has launched a card-less cash withdrawal facility for its customers from its ATMs on Tuesday, 21^st January 2020. The facility will be available throughout the day, across all ICICI Bank ATMs, which count to nearly 15000 across the country.

For availing the card-less service, the customer needs to log into the ICICI mobile banking application – ‘iMobile’ and generate a temporary PIN. The customer then can withdraw cash by entering the OTP received and the PIN, without the need of carrying any card. The daily transaction limit and the limit per transaction is ₹20,000. Anup Bagchi (Executive Director of ICICI bank) said at the launch that the bank will bring more convenience for its customers in the future as the bank at all channels and touch-points is continuously focused on innovations in technology.  ICICI Bank is currently present in 15 countries globally and its total consolidated assets stood at Rs 12,88,190 crore as per records on September 30^th, last year.

Month: Current Affairs - January, 2020