Mumbai, Aug 24 (TIWN) In yet another innovation during Covid-19 times, Kotak Mahindra Bank (Kotak) on Monday launched the Cardless Cash Withdrawal Facility through ATMs.

Under this unique facility, Kotak account holders can make cash withdrawals as well as remit money to beneficiaries across India without using a physical debit card.  Using their registered mobile number with the bank, Kotak customers can initiate the transaction through the Kotak Net Banking or Mobile Banking platform. The beneficiary need not be a Kotak customer and need not even have an account with any bank. The cash can be withdrawn by the beneficiary from any Kotak ATM in India.