ICICI launched Cardless Cash Withdrawal service

Sep 11, 2014 17:44 IST

ICICI (Industrial Credit and Investment Corporation of India) launched a Cardless Cash Withdrawal service on 10 September 2014. The service allows its customers to transfer money from their account to anyone in India with a mobile number. The recipient can withdraw without a debit card or even a bank account.

In case of transfer, recipient can withdraw money round the clock without using a debit card from over ten thousand ATMs of ICICI Bank across the country. The recipient can withdraw even without having a bank account of any bank but the sender needs to be an ICICI Bank savings account holder.

Procedure
• Any ICICI Bank savings account customer (sender) can initiate the facility by logging into internet banking of ICICI Bank website.
• The sender first needs to register the recipient’s name, mobile number and address. The sender will get a four digit verification code while the recipient a 6-digit reference code through SMS.
• The recipient can withdraw cash from almost all ICICI Bank ATMs by entering mobile number, cash amount along with the verification and reference code, within two days of the transaction.


If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group

Is this article important for exams ? Yes438 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK