Bank of Baroda Launches Cardless Cash Withdrawal Facility Using UPI

Cardless Cash Withdrawal Facility

Bank of Baroda, a leading public sector lender, has introduced the Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers. This innovative service allows customers to withdraw cash from ATMs using the United Payment Interface (UPI). With this offering, Bank of Baroda becomes the first public sector bank to provide such a service, providing customers with a simple, convenient, and secure way to access cash.

Facility Details

  1. UPI-Based Cash Withdrawal:
    Bank of Baroda customers can now choose the option ‘UPI Cash Withdrawal’ on the ATM screen and enter the desired withdrawal amount. Subsequently, a QR code will appear on the screen.
  2. UPI App Authorization:
    To complete the transaction, customers need to use a UPI-enabled app that supports ICCW. They can scan the QR code displayed on the ATM screen using their UPI app and authorize the transaction by entering their UPI PIN on their mobile device.
  3. No Need for Debit Card:
    Bank of Baroda emphasizes that customers can withdraw cash from their account at a Bank of Baroda ATM without using their physical debit card. This feature extends to customers of other participating issuer banks that use BHIM UPI, bob World UPI, or any other UPI application enabled for ICCW.
  4. Account Selection Option:
    In situations where a single UPI ID is linked to multiple bank accounts, the ICCW functionality allows customers to choose the specific account from which they wish to debit the cash.

Bank of Baroda ATM Withdrawal limit

  1. Transaction Limits:
    Customers can avail themselves of two transactions per day, per account, using the ICCW facility. The withdrawal limit for each transaction is set at Rs 5,000.
  2. Bank of Baroda’s ATM Network:
    Bank of Baroda operates a vast network of over 11,000 ATMs across India, making it accessible to a wide range of customers.

Growing Popularity of UPI:

  1. UPI Transaction Statistics:
    According to a Worldline report, UPI transactions witnessed a remarkable surge in 2022, reaching a record high of Rs 149.5 lakh crore in terms of UPI and card transactions.
  2. Transaction Volume and Value:
    The report highlights that UPI recorded over 74.05 billion transactions in terms of volume, amounting to Rs 126 lakh crore in terms of value. These figures indicate a substantial increase compared to the previous year, with a 91 percent surge in volume and over 76 percent growth in value in 2022 as compared to 2021.
  3. Usage Patterns:
    The report also sheds light on the usage patterns of UPI. In physical merchant categories, popular sectors such as grocery stores, restaurants, clothing and apparel, pharmacy and medical, hotels, jewelry retail, specialty retail, household appliances, and departmental stores collectively accounted for over 43 percent of transaction volume and 40 percent in terms of value. In the online space, e-commerce, gaming, utility, and financial services contributed to over 85 percent of transactions in terms of volume and 25 percent in terms of value.


Bank of Baroda’s launch of the Interoperable Cardless Cash Withdrawal (ICCW) facility using UPI offers customers a convenient and secure method to withdraw cash without relying on physical debit cards. With the popularity of UPI transactions on the rise, this service aligns with the evolving digital payment landscape and provides customers with greater flexibility in accessing their funds.

Cardless Cash Withdrawal Facility – FAQs

Q1: What is the Interoperable Cardless Cash Withdrawal (ICCW) facility introduced by Bank of Baroda?

Ans: Customers of Bank of Baroda can use the ICCW feature to withdraw money from ATMs using the United Payment Interface (UPI) without a physical debit card.

Q2: Can customers withdraw cash without a debit card from Bank of Baroda ATMs?

Ans: Customers of Bank of Baroda and other participating issuing banks can withdraw cash from an ATM without using a physical debit card if they use BHIM UPI, bob World UPI, or any other UPI application that has been enabled for ICCW.

Q3: What were the UPI transaction statistics in 2022?

Ans: In 2022, UPI and card transactions reached a record high of Rs 149.5 lakh crore, according to a Worldline article.


  • Pritipalit

    Priti Palit, an accomplished edtech writer, boasts a wealth of experience in preparing candidates for multiple government exams. With a passion for education and a keen eye for detail, she has contributed significantly to the field of online learning. Priti's expertise and dedication continue to empower aspiring individuals in their pursuit of success in government examinations.

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