Utkarsh Small Finance Bank Limited (“USFBL” or the “Bank”), announced the launch of an innovative service, set to revolutionise cash withdrawal experiences. Utkarsh Small Finance Bank is dedicated to offering process-centric, technology-driven, and customer-oriented services that lead to a reliable, scalable, and sustainable institution, driving socio-economic change.
Utkarsh Small Finance Bank has launched the Interoperable Cardless Cash Withdrawal (ICCW) service, utilizing UPI on its ATM networks, in line with the Reserve Bank of India’s May 2022 directive, which mandates all banks to offer ICCW options at their ATMs. The ICCW service allows UPI-ATM – ICCW transactions to be conveniently withdrawn from Utkarsh Small Finance Bank ATMs without the need for a physical debit card.
This innovative service extends to customers of other banks using BHIM Utkarsh, BHIM UPI, or any other ICCW-enabled UPI application on their mobile devices, demonstrating the bank’s commitment to enhancing customer experiences. Mr. Govind Singh, Managing Director of Utkarsh Small Finance Bank, commented, “We look forward to a future where ICCW becomes a cornerstone of modern banking, ushering in a new era of financial convenience.”
