You can take money from ATM without card! And more – you can even send money to someone without even a bank account!
This new facility is being introduced by ICICI Bank.
Until now, Cards were required to take money from ATMs or for sending money to others.
ICICI is introducing a facility to do this without a card. The person to whom you send money need not even have a bank account! All you need is his/her name, address & mobile phone number.
Once you register these details, a 4-digit code will be given.
The person receiving money will get a sms with a 6-digit code. By giving this code, he/she can get the money from any ATM or branch of the bank.
The customer can also take money without card. The same procedure of filling the code number & the mobile number will have to be followed.
Taking money from ATM is hugely popular. Almost everyone uses ATM now-a-days.So, ICICI Bank has taken the next step of the facility to send money for even those without bank accounts!