Withdraw Cash From ATM Without Having ATM Card

People will be able to Withdraw Cash From ATM Without Having ATM Card. This facility is coming soon in Banking service. Just need a mobile phone.
In the country having 54 core Banking customers and of them 40 core have ATM Card. But 90 core people are using mobile phone.So, on seeing this fact government is thinking to develop a system to withdraw money from ATM without having ATM card (using mobile phone).
Now read the complete procedure for withdrawing cash from ATM without having ATM card.

How System Will Work?

The procedure for withdrawing money from ATM without having the card is following:
1. First of all, the card holder must be told the Name, Phone number and city name of person who is withdrawing cash.
2. Then, then bank will send a code to card holder’s phone.
3. The card holder must send this code to the person who’s withdrawing cash.
4. That person will enter this code to ATM, then bank will again send a code to mobile phone of person who is trying to withdraw money.
5. After matching the code sent to both people, user can withdraw cash.

What is the benifit

If any body want to send money to other immediately in emergency purpose it will be very effective.
or if anybody is in emergency, then he/she can withdraw cash from ATM without card; by just card holder’s permission.
An officer of Reserve bank stated that after starting this system, people in the villages or in small towns can easily borrow money from their relatives very simply.

Useful For Visually Impaired People

Soon enough, the Reserve Bank of India will bring braille typing pad for blind people so that they can easily operate the ATMs. In addition, the ATMs will also have the speaking function that’s why blind people can hear what they entered.