ICCW

- COVID-19 Precautionary Steps
  
  Considering COVID-19 we have taken precautionary steps demanded by the situation. Our branches will be open, with required hygiene measures and reduced staff.
- Revision in Savings Account Interest Rates
  
  Revision in Savings Account Interest rates effective April 01, 2022
- Customer Compensation and Protection Policy limiting the liability of customers in unauthorized electronic transactions is available under Bank Policies section for perusal of customers.
- Our Avinashi branch located at The Utkarsh BANK Ltd. Shop No 5/215 Rajan Nagar Opp to weekly Market, K K Pudur post Avinashi Taluk, Tirupur - 641654, will be closed w.e.f April 30, 2022. It is being merged with our Tirupur branch.
- Personal Banking
- Corporate Banking

Group Loans

Interoperable Cardless Cash Withdrawal

Say Goodbye to your Debit Card to withdraw cash!

Utkarsh Small Finance Bank (USFB) has introduced a convenient service - Interoperable Cardless Cash Withdrawal (ICCW). This innovative service allows customers to withdraw money from any Bank's ATMs using their UPI (Unified Payments Interface).

With the ICCW service, not only Utkarsh Small Finance Bank customers but also customers of other banks using BHIM UPI and other UPI applications can withdraw cash from Utkarsh Small Finance Bank’s ATMs.

Get

Rewards

1 reward point on every ₹ 100 spends on debit card

Get

15% discount

1 reward point on every ₹ 100 spends on debit card

Get

Free

Cash withdrawal on Utkarsh Bank ATMs

Interoperable: Customer’s of any Bank ATM will be able to withdraw Cash from Utkarsh Small Finance Bank ATM or Customer’s of Utkarsh Small Finance Bank can withdraw Cash from Other Bank’s ATM live on Interoperable Cardless Cash Withdrawal.
Cardless Transaction: For ICCW transactions, the customer needs to scan the QR code displayed on the ATM screen using any of the UPI APP on his mobile and authorize the transaction using UPI PIN.
Customer Convenience: No need to carry Debit Card for cash withdrawal from ATM.
Can withdraw cash from multiple accounts linked to UPI.
Skimming and other card related frauds can be eliminated.
Single use (signed) dynamic QR code.
Safety and Security of UPI and NFS Network.

Customers are eligible to perform maximum of two transactions in a day, with a maximum withdrawal limit of ₹ 10,000 per transaction. This way, a customer can withdraw up to ₹ 20,000 in a single day.

Visit any ATM of Utkarsh Small Finance Bank or any other bank’s ATM which are enabled on ICCW.
Select UPI Cash Withdrawal Option
Enter the amount to be withdrawn
A QR code will be displayed on the ATM screen (This will generate a dynamic QR code on the screen of the ATM with the timeout limit of 30 seconds.)
Open any UPI-based payment app on your device and open the QR code scanner (eg. Google Pay, Utkarsh Pay, PhonePay)
Enter your UPI PIN to authorize the transaction
Click on ‘Proceed’ button
Cash will be dispensed from the ATM

Loan calculator

Type of Customer

Regular

Senior Citizen

Select Fixed Deposit Date

Type of Fixed Deposit

Amount (₹)

₹

₹ 1 Lac

₹10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

31%

Equated Monthly installments (EMI)

₹ 2,10,651

Need more Information?

Deposit Amount

Interest Earned

Interest Rate

8.00%

Interest Earned

₹ 3,50,452

Maturity Value

₹ 13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

FAQs

What is Cardless Cash Withdrawal?

Cardless Cash Withdrawal is a secure and convenient way to withdraw cash from Automated Teller Machine [ATM] without use of any Debit or Credit Cards.

What is the Cardless cash withdrawal limit?

The cardless cash withdrawal limit is ₹ 20,000 per day or ₹10,000 per transaction upto two times in a day.

Do I need to carry a Debit or Credit Card for using UPI ATM?

No, you do not need to carry a physical Debit or Credit card to avail ICCW services. All you need is an internet-connected smartphone with a UPI-enabled app.

Is Cardless Cash withdrawal chargeable?

No additional charges will be imposed on Cardless Cash Withdrawal apart from applicable ATM charges.

What happens if Cardless cash expires?

The requested withdrawal amount will be automatically reversed to the source bank account.

Can I withdraw cash using my phone?

Yes, Bank customers can withdraw cash using smartphone with the help of Interoperable Cardless Cash Withdrawal [ICCW] service. Through any UPI application installed on the smartphone, customers can withdraw cash.

What is needed for Cardless withdrawal?

For Cardless cash withdrawals, the customer needs to have any UPI application installed on the smartphone and the UPI PIN. Without the UPI PIN customers won’t be able to complete the process of cash withdrawal without a Debit Card.

How does Cardless cash withdrawal at ATMs work?

A Customer can either withdraw money from an ATM through UPI or IMT service without using the Debit Card. Customer will scan the QR code by activating the QR scanner on the UPI app or provide the required details needed for IMT service and withdraw the required money in just a few seconds from the ATMs of participating banks.

Can customers withdraw cash without a Debit Card from Utkarsh Small Finance Bank ATMs?

Customers of Utkarsh Small Finance Bank and other participating banks [issuing] can withdraw cash from an ATM without using a physical Debit Card if they use BHIM UPI, Utkarsh BHIM UPI, or any other UPI application that has been enabled for ICCW.