Question
Which bank has recently announced a new way to
withdraw cash via the Unified Payments Interface (UPI) in all its ATMs in order to protect people from cloning, impersonation and fraud?Solution
Bank of Baroda (BoB) recently announced a new way to withdraw cash via the Unified Payments Interface (UPI) in all its ATMs. The new facility aims to protect people from cloning, impersonation and fraud. It generates a unique QR code for every transaction. With ATM UPI service, customers can avail of only two transactions per day per account, and at a limit of ₹5,000.
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