That is, customers can withdraw money from ATM without a card. RBI Governor Shaktikanta Das said that RBI plans to bring 'cardless' ie the facility of withdrawing money without using a card.
At present, only a few banks will provide the facility of withdrawing money without a card. State Bank of India (SBI ), HDFC Bank, ICICI and Punjab National Bank (PNB) are included in this list.
It will help in preventing fraud, as well as cardless transactions will help in preventing many other fraud cases including cloning of cards, theft of cards.