How does the newly introduced card less cash transfer by ICICI Bank work? Is there a limit on funds that can be transferred?


#1

How does the newly introduced card less cash transfer by ICICI Bank work? Is there a limit on funds that can be transferred?


#2

The card less cash scheme is designed to help people who do not have a bank account. To make use of the card less cash withdrawal scheme all will need to give the mobile number and address of the recipient. The beneficiary will then get a six digit secure code on his mobile phone. The beneficiary then uses that code to withdraw money from any ICICI bank ATM without using a credit or debit card. The maximum amount you can transfer using card less cash scheme is fixed at Rs. 25,000 per account in one day.


#3

Hi Sohini,

All you need is to login to ICICI Bank with your Internet Banking user ID and password and initiate a Cardless Cash withdrawal transaction. The recipient need not have any bank account and can withdraw cash from over 10000 ICICI Bank ATMs across India, without any ATM card, using the details received through an SMS.

Advantages of Cardless Cash Withdrawal
• 24X7 service to send and withdraw cash, anywhere in India
• The recipient need not hold a bank account
• Safe and secure mode of cash transfer using Internet Banking
• Obtain the cash instantly without any ATM card
• Cash withdrawal is available from a large network of ICICI Bank ATMs

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