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BoB Launches ICCW facility for cash withdrawals using UPI on its ATMs

Published on June 07, 2023
Current Context: ICCW facility for cash withdrawals using UPI on BoB ATMs, this is a new and innovative service that allows customers to withdraw cash from Bank of Baroda ATMs without the need for a physical debit card.
BoB Launches ICCW facility for cash withdrawals using UPI on its ATMs
  • They just need to select the ‘UPI cash withdrawal’ option, enter the amount, scan the QR code displayed on the ATM screen with their UPI app, and authorize the transaction with their UPI PIN.
  • This facility is secure, convenient and interoperable with other participating banks that use ICCW-enabled UPI apps. 
  • Customers can avail of two transactions per day per account, with a limit of 5,000 per transaction.
  • This is a groundbreaking feature that makes banking more accessible and easy for customers.

Question:

Q.1 What is the name of the facility that allows customers to withdraw cash from Bank of Baroda ATMs using UPI?
a. Interoperable Cardless Cash Withdrawal (ICCW)

b. Unified Payment Interface Cash Withdrawal (UPICW)
c. Cardless Unified Payment Interface Withdrawal (CUPIW)
d. Interoperable Unified Payment Interface Withdrawal
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