UPI ATM: Public sector Bank of Baroda has launched UPI ATM facility at nearly 6,000 of its ATMs across the country. The bank announced this on Friday. According to a statement issued by Bank of Baroda, it is the first public sector bank in the country to launch a UPI ATM operated by NCR Corporation in coordination with National Payments Corporation of India (NPCI).
The bank said customers of its and other banks can withdraw cash from Bank of Baroda UPI ATMs without using their debit cards through a UPI-enabled mobile app. According to the statement, UPI ATMs enable QR-based seamless cash withdrawal through Interoperable Cardless Cash Withdrawal (ICCW) technology, which does not require a card to withdraw cash.
One of the major advantages of the UPI ATM facility is that it allows customers to withdraw cash from various UPI-linked accounts.