 "ATMs, banks, cash logistics")
Reserve Bank of India on Thursday asked all banks, ATM networks and White Label ATM Operators (WLAOs) to provide option of ICCW (interoperable card-less cash withdrawal) at their ATMs.
NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.
"While UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch (NFS) / ATM networks. The on-us/ off-us ICCW transactions shall be processed without levy of any charges other than those prescribed under the circular on Interchange Fee and Customer Charges," said RBI in a statement.
Withdrawal limits for
