Bank of Baroda Introduces New UPI Cash Withdrawal System:
Bank of Baroda has introduced a new system for withdrawing cash using UPI at ATMs. Under the new system, customers will need to scan the QR code displayed on the ATM screen using their mobile phones. The customer’s UPI PIN will then be required to complete the transaction. The new system is expected to make it more convenient and secure for customers to withdraw cash using UPI.
How to Withdraw Cash Using UPI at a Bank of Baroda ATM:
Table of Contents
To withdraw cash using UPI at a Bank of Baroda ATM, follow these steps:
- Select the “UPI” option on the ATM screen.
- Scan the QR code displayed on the screen using your mobile phone.
- Enter your UPI PIN.
- Confirm the transaction.
Benefits of the New UPI Cash Withdrawal System:
The new UPI cash withdrawal system offers a number of benefits, including:
- Convenience: Customers no longer need to carry cash or cards. They can simply use their mobile phones to withdraw cash from any Bank of Baroda ATM.
- Security: Customers do not need to enter their PIN on the ATM machine. Their UPI PIN is entered on their mobile phone, which is more secure.
- Speed: The transaction is completed instantly.
Availability of the New UPI Cash Withdrawal System:
The new UPI cash withdrawal system is currently available at select Bank of Baroda ATMs. It is expected to be rolled out across all Bank of Baroda ATMs in India by the end of June 2023.
Conclusion:
Bank of Baroda’s new UPI cash withdrawal system is a convenient, secure, and fast way for customers to withdraw cash. If you have a Bank of Baroda account, I encourage you to use the new system the next time you need to withdraw cash.
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