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First bank to introduce UPI QR based cash withdrawal at ATMs


14:34 07/09/2019
Bank of India (BOI) became the first bank in the country to introduce UPI QR based cash withdrawal feature on its ATMs.
Bank of India account holders can now withdraw cash from ATMs by scanning a QR code on the machine’s screen as this solution enables use of the Unified Payments Interface (UPI) platform for cash withdrawal.

How it works–
- Select QR Cash feature on the BOI ATM screen
- Enter the amount you wish to withdraw from the BOI ATM & press ok.
- You will be prompted to scan the QR using Scan & Pay of BHIM BOI UPI app
- Scan the QR code generated on the BOI ATM screen
- Confirm the amount you wish to withdraw on your mobile app
- Authenticate the transaction by entering your secure mPIN
- You can now collect the required cash given by the BOI ATM]

Virtual link: https://youtu.be/AJXIlC6iL6g

 

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