A Guide To Atm Withdrawals

Find out ways to withdraw cash from an ATM.

Key Takeaways

Cash access is 24x7 enabled by automated teller machines
The most convenient way to withdraw cash is by using an ATM-cum-debit card
You must enter the 4-digit ATM pin to withdraw money
Some banks also let you withdraw money from ATMs without a bank card
You can designate yourself and others as beneficiaries for cardless cash withdrawals from ATMs

How To Withdraw Money From An ATM Using A Card?

After opening a bank account, the clients are given a welcome package, including a cheque book, passbook, ATM-cum-debit card. ATM cards let you access your bank accounts around-the-clock, therefore enabling you to withdraw and deposit money. You can withdraw money using an ATM card or without one. This article contains instructions on how to withdraw money from an ATM.

Step 1: Insert the ATM-cum-debit card into the designated slot at the nearest ATM vestibule.

Step 2: Select your preferred language and input your four-digit ATM PIN.

Step 3: Select the transaction category, which is cash withdrawal.

Step 4: Select the account type from either current or savings.

Step 5: Enter the withdrawal amount.

Cash will be dispensed by the ATM immediately, and you have the option to get a transaction receipt.

How to Withdraw Money from an ATM Without a Card?

You can easily withdraw money from an ATM even if you do not have access to your ATM Card. Here’s how:

Step 1: Log into your internet or mobile banking portal and select the ‘Fund Transfer’ option

Step 2: Select “Cardless Cash Withdrawal.

Step 3: Enter the beneficiary's details, including name, mobile number, and unique Identity Card Number (PAN/Aadhaar/Voter ID). An individual can also nominate himself or herself as the beneficiary.

Step 4: Verify the beneficiary details before confirming.

Step 5: Navigate to the 'Funds Transfer' section and select 'Cardless Cash Withdrawal'.

Step 6: Select the beneficiary, and the bank will send an OTP and transaction ID to the beneficiary's registered mobile number.

Step 7: Visit the ATM and select the 'Cardless Cash Withdrawal' option from the screen.

Step 8: Enter the cash amount, order/transaction ID, and 4 or 6-digit OTP that was sent to the registered mobile number.

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How ATMs Have Transformed Our Banking Experience?

Automated Teller Machines (ATMs) marked the beginning of the banking revolution. The ATM lets you access money in your bank account without ever visiting the bank by using a mechanical cash dispensing mechanism. You can now transfer money at ATMs; withdraw and deposit money, and make balance inquiries. Essentially, it is feasible to execute nearly all types of cash-based transactions using an ATM.

ATM Cash Withdrawals - Dos and Don’ts

Never disclose your card details and PIN to anyone
Always withdraw cash by yourself at the ATM
Please remember to retrieve the ATM card after withdrawing money
Register your mobile number to receive SMS alerts on cash withdrawal
To ensure hassle-free transactions, make sure you are aware of the bank's ATM withdrawal limits.

Final Note

Accessing cash from your bank account is made effortless with the assistance of ATMs. At your bank's ATMs and other bank ATMs, you have the option to withdraw money with or without an ATM card. You will be required to pay transaction costs for extra ATM withdrawals; hence, make sure you verify the allowed limits for ATM cash withdrawals and avoid exceeding them.

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*Disclaimer: This article is intended for informational purposes only. We recommend conducting thorough research before making any decisions.