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The Times of India

Business

PTI

Provide option of cardless cash withdrawal at ATMs: RBI to banks

RBI Reserve Bank Mumbai

MUMBAI: The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering.

Currently, cardless cash withdrawal through ATMs is offered by a few banks for their customers at their own ATMs (also known as on-us basis).

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