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Cardless cash withdrawal via Instant Money Transfer (IMT)

Want to send money to a friend but the friend doesn’t have a bank account? Looking to help a family member with cash but you are too far away? Or is it one of those days when you have forgotten your wallet at home? No problem! Now you or your beneficiary can withdraw cash in a safe and convenient way WITHOUT a card. All you need is your mobile phone!

The Cardless Cash facility allows you to send cash to anyone you choose to send it to, or to yourself, for withdrawal at a Kotak ATM. The receiver can withdraw cash without using a debit card. Yes, that's right! To withdraw cash, simply enter the details received via SMS on your mobile.

Steps for setting a Beneficiary transaction request on Net Banking / Mobile Banking:

Log in to Mobile / Net Banking
Click on the ‘Banking’ tab and select Cardless Cash Withdrawal (IMT)
Go to ‘Register a beneficiary‘ to add a beneficiary for Cardless Cash withdrawal (IMT) and fill in the required details
For a registered beneficiary, select ‘Send money to a beneficiary at an ATM’ and select the beneficiary you would like to send the money to
Enter the amount you wish to send
Set a 4-digit Sender Code of your choice. This will be required to be entered at the Kotak ATM to withdraw cash
Re-enter the 4-digit Sender Code and confirm the details to complete the request
Share the 4-digit Sender Code to your beneficiary

All that the beneficiary will need to do is enter the sender code along with the 4-digit SMS PIN he/she receives on his/her mobile number at the ATM.

Steps to withdraw cash at the Kotak ATM:

Select the option 'Withdraw cash without card (IMT)' on the ATM screen
The beneficiary needs to enter the authorised mobile number
The beneficiary needs to enter the 4-digit sender code
The beneficiary needs to enter the SMS Code that he receives on the mobile number authorized for Cardless Cash Withdrawal
To withdraw, enter the exact amount received from the sender on mobile SMS alert — partial withdrawals are not allowed
Collect your cash

For your safety, the Cardless Cash request will expire the following day. The amount will be refunded to your Bank account in case the cash is not withdrawn within the said period.

There is a minimum transaction limit of Rs. 100/- and maximum of Rs. 5,000 per transaction. Maximum per day limit per CRN is Rs.10,000/- subject to the cap of Rs. 25,000 per month per beneficiary as prescribed by RBI.

Advantages of Cardless Cash Withdrawal (IMT)

24X7 service to send and withdraw cash
Safe, secure and convenient way to withdraw without a Debit card
This service can be used for self-withdrawal as well as for helping beneficiaries withdraw cash without a Debit card
The registered beneficiary need not have a bank account or a Debit Card
Cash withdrawal is available from a large network of Kotak Bank ATMs
Click here to locate the nearest ATM

Withdraw cash at a Kotak ATM — without a card!

Cardless cash withdrawal via Instant Money Transfer (IMT)

Advantages of Cardless Cash Withdrawal (IMT)