ICICI Launches ‘Cardless Withdrawal Facility’ from 11th September 2014. ICICI Newly launched the facility to Withdraw Money from ATM, Transferring money to other Accounts across India without Debit Card. For this process the customers must hold a mobile phone as a requisite. Main highlight of this ICICI Withdrawal without Debit Card is the recipient of the transferred money can withdraw the amount at any ICICI ATM across India of all most 10,000 ICICI ATMs. The recipient of the money need not to be a bank account holder.
Mr. Rajiv Sabharwal, Executive Director, ICICI Bank stated regarding the Cardless Withdrawal of ICICI Bank on account of launching the plan, “We foresee tremendous growth potential in the usage of electronic payments in our country. ‘Cardless Cash Withdrawal’ provides an added facility in an array of electronic payment options that ICICI Bank Offers to its customers. This innovative service will further empower our customers as well as their families and friends by giving access to instant MONEY even without having a bank account or a debit card.”
For ICICI Bank Customer Care Phone Number: CLICK HERE
A small briefing of the scheme:
It enables a person to transfer money to other with just a click .The more interesting thing is that the recipient does not need any bank account in any of the bank, the only primary detail is the mobile number of the recipient.
The ‘Cardless Cash Withdrawal’ service can be started by any ICICI Bank savings account customer (sender):
- ICICI Bank savings account customer (sender) logs into the Internet banking.
- Register the recipient’s name, mobile number and address.
- The sender receives a 4-digit verification code
- The recipient receives a 6-digit reference code, over SMS on his mobile.
- The recipient can now go and withdraw cash from any ICICI Bank ATM by entering the mobile number, cash amount along with the verification and reference code, within 2 days of the transaction.
For Technology Used in ATM’s / Debit / Credit Cards: CLICK HERE
This service makes use of secure transaction platforms like one time pass words and biometric authentications. This will thus provide an extra layer of security, in addition to the fact that customers no longer need to carry their cards along with them (protection from theft J J ).This avoids card skimming as well.
SOME BENEFITS OF THE SCHEME:
- Improved customer convenience.
- Improved security factors.
- Improving the use of ATMs in developing countries.
Last but not the least thank you ICICI for making this possible and hope the other private as well as the other nationalized banks would also launch similar schemes to make their customers happy as well.
For SBI Customer Care Number: CLICK HERE
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