Day by day increasing, the number of bank holders in the country, at the same way, and maybe the fastest speed is expanding use ATM Card and Machine by these holders. As we all know, an ATM card gives us the freedom and ease to take up money and deposit it in our account anytime from anywhere, but what if you forgot your ATM card at home and urgently needed money? But, think, what if, without using an ATM card, you can still withdraw your money using an ATM? Indeed, you’ll be glad thanks to the bank and technology, RIGHT? To clear your path, most banks have launched this mechanism, and you now don’t need to carry your ATM with you all the time to withdraw money from ATMs.
What’s The Process?
Register Yourself In The Bank
To use this service, you must visit your bank and register. Even by using internet banking, one can also register with the bank. You can also call the bank customer care office directly to clear up your confusion and learn more about the process.
Get 4 Digit MPin
Once users register with the bank, they’ll receive a four-digit MPIN (Mobile Personal Identification Number). It is likely an ATM pin, and one can use the same as a User Transaction Security Pin or Authority Code.
Download Mobile Application
After registration, you need to download an application associated with your bank. Bank also gives an SMS option to the users, and with the use of the same, the bank will send a web link to your mobile device.
5000 Rupees Limit
With MPIN, one can only withdraw up to 5000 rupees daily, which is the maximum withdrawal limit. And to transfer money with the use of IMPS, the limit will exceed 30,000 rupees. The limit is- Rs 4000 to withdraw and 20,000 to transfer the amount.
You must visit and consult your nearest branch for more information about this.
