Looking to withdraw cash from your account? The Automated Teller Machine (ATM) can be your best option when it comes to withdrawing cash. You are given an ATM or debit card by your respective banks with whom you have an account so that you may conveniently withdraw cash from ATMs. If you want to know how to withdraw money from an ATM, read on to find out in detail.
Follow these simple steps on how to withdraw money from ATM using your ATM card -
Step 1 - Insert your ATM card in the slot in the ATM machine.
Step 2 - Select your preferred language from the options given on the display screen.
Step 3 - Enter your 4-digit confidential ATM PIN.
Step 4 - Select the type of transaction you wish to make, followed by the type of account, from the given options.
Step 5 - Enter the amount you wish to withdraw.
Step 6 - Collect the cash and select yes if you wish to make another transaction; else, select no.
Step 7 - Collect the printed receipt, if required.
If you do not have access to your ATM card and want to withdraw cash, here is how to withdraw money from an ATM with your card. In this case, you can use the cardless cash feature for withdrawal. Cardless cash enables you to get cash using your mobile number at an ATM. You can send and receive funds anytime as the service is available 24x7. It is also completely safe as the transaction is protected with multiple security checks like OTP verification and a secret order ID (valid for 24 hours). Here is your guide on how to withdraw money from ATM without an ATM card:
Step 1 - Log in to the net banking account.
Step 2 - Go to ‘Funds Transfer’ and click on ‘Request’.
Step 3 - Select ‘Add a beneficiary’.
Step 4 - Click on ‘Cardless Cash Withdrawal’.
Step 5 - Enter the beneficiary details for cardless cash withdrawal - beneficiary name, beneficiary mobile number and PAN card/ Voter ID/ Aadhaar number.
Step 6 - Click on ‘Add’ to confirm the information.
Step 7 - Once the beneficiary details have been added (usually takes about 30 minutes), log in to the net banking account.
Step 8 - Go to ‘Funds Transfer’ and click on ‘Cardless Cash Withdrawal’.
Step 9 - Select the beneficiary from the list.
Step 10 - Click on ‘Continue’.
Step 11 - The beneficiary will receive an OTP on the registered mobile number, an order ID, along with a transaction amount.
Step 12 - Now visit the bank ATM.
Step 13 - Select the ‘Cardless Cash’ option.
Step 14 - Select your preferred language.
Step 15 - Enter the OTP you had earlier received on your mobile number, which was registered as the beneficiary phone number.
Step 16 - Now enter the 10-digit beneficiary mobile number.
Step 17 - Type in the order ID generated earlier.
Step 18 - Enter the transaction amount.
Step 19 - Click on ‘Continue’.
Do note that how much money can be withdrawn from an ATM in a day depends on your card type and issuing bank. It usually ranges between ₹20,000 and ₹1,00,000. You can also manually control how much money you can withdraw from an ATM per day by raising a service request for setting card limits using your credit card net banking account or mobile app.
In the case of credit cards, the amount that can be withdrawn from an ATM in a day depends on the cash limit. You can find the details of the credit and cash limit on your credit card net banking account.
While cash withdrawal at an ATM is simple, there are a few things you must keep in mind:
Ensure that you are alone when withdrawing money from an ATM using your card.
Do not disclose your debit card/credit card PIN to anyone.
The amount to be withdrawn must not exceed the available limit on the card.
Money withdrawn from an ATM using a credit card is subject to cash advance fees and interest charges from the date of withdrawal.
Remember to take your ATM card before you leave the ATM.
Register your mobile number for cash withdrawal alerts.
How much amount can be withdrawn from an ATM depends on the card type and the issuing bank. Usually, it ranges between ₹20,000 and ₹50,000. You can also further modify the cash withdrawal limit manually using your net banking account or mobile app. Also, do note that the amount to be withdrawn must not exceed the available limit on the card. In the case of credit cards, the question of how much money can be withdrawn from an ATM depends on the cash limit against the card.
There is no limit to the number of times you can withdraw cash from an ATM in a day. As long as you do not exhaust the cash withdrawal limit, you can use your card to draw cash.
The ATM card has to be inserted through the side which has the chip and the bank logo on it.
Yes, some banks do allow you to make cardless cash withdrawals.