As per RBI’s recent notification, Card-less cash withdrawal is proposed through which platform? [A] USSD[B] Unified Payments Interface (UPI)[C] Aadhaar Enabled Payment System (AePS)[D] Immediate Payment Service (IMPS)
Option B) Unified Payments Interface (UPI) : As per RBI, Card-less cash withdrawal, which was offered only by a few banks, will now be made available across all banks and ATMs via the Unified Payments Interface (UPI). UPI will be used for customer authorisation and this step is expected to enhance ease of transactions and eliminate frauds.
