How to Withdraw Cash Using OTP Without a Card PIN

With the advancement in banking technology, it has become possible to withdraw cash from an ATM without a card PIN. This guide will explain the process and provide information on how to do it effectively.

Introduction

Cardless ATMs do exist, and you can use them if your bank supports this feature. These ATMs often use your digital wallet or a code that you need to scan. For most banks, you need to request this code via your bank app and then obtain the OTP (One Time Password) to proceed with the withdrawal process.

Steps to Withdraw Cash Using OTP

Here is a step-by-step guide to help you withdraw cash using OTP without a card PIN.

Select the ATM that supports OTP-based cash withdrawal. Not all ATMs have this feature, so make sure to check with your bank or the ATM provider. Enter your mobile number registered with the bank and verify your identity if prompted. This step ensures that the correct person is accessing the account. Enter the OTP received on your mobile phone. This code is generated based on your enrolled mobile number and is required for the transaction. Follow the on-screen instructions to complete the withdrawal process. Confirm the amount and location of the ATM, and proceed with the transaction.

Additional Information

It's important to clarify that while this technology can be convenient, it is still subject to strict security measures. OTP is generated for each transaction, so an OTP from a previous transaction cannot be re-used to withdraw money now. If you do not know the PIN, it is highly unlikely that the OTP will be sent to your phone.

Biometric Process for Cash Withdrawal

In recent times, many banks have introduced new features that use biometric processes for cash withdrawal. For example, SBI's YONO Cash OTP and Canera Bank have adopted such processes. These systems offer an additional layer of security and can provide a more seamless experience for users.

To use biometric cash withdrawal, you first need to enroll in the system. Your biometric data (such as fingerprints or facial recognition) is stored and verified during the transaction. Once enrolled, you can use your biometric data to authenticate transactions and withdraw cash without needing a card PIN or even an OTP.

Conclusion

While withdrawing cash without a card PIN using OTP is possible, it's crucial to follow all the necessary steps and ensure you have the correct permissions and identity verification. Additionally, biometric authentication is becoming a more common method for securing transactions and enhancing user experience.

However, if you find that you do not have a funded account and are trying to withdraw cash from someone else's account, it is highly illegal and unethical. It is recommended to reconsider your actions and consider a legal and ethical approach to earning money.