Soon Recive cash without Debit card from ATM :RBI

RBI has suggested a innovative idea for  individuals without a bank account will soon be able to receive money from those with bank accounts, using automated teller machines (ATM).
This will help of having a formal bank account by millions of people living in small village town.
The sender can have money withdrawn from his/her account through ATM machines, he said.
Under this process if a person with bank account wants to send money to a person who doesn’t have bank account then He need to send a secure code to mobile number of the person to whom he wants to send money.
When receiver gets the secure code on their mobile then he need visit nearest ATM and use that secure code on ATM machine to get cash instantly.

Instant Money Transfer(IMT service) to any Mobile number in India : Axis Bank

When it come to have Technology and Banking together then Private bank comes first .Axis Bank has innovative feature  of Instant Money Transfer (IMT) service for the Bank’s customer.
IMT is an innovative domestic money remittance service that allows you to send money to a receiver only by using the receiver’s mobile number. The receiver can withdraw money from an Axis Bank ATM with or without using a card. The receiver receives all the details required for withdrawal of the cash on his or her mobile phone You can use the service for any of these cases:-

• The receiver prefers cash
• The receiver needs money instantly / needs emergency cash

• The receiver doesn’t have a bank account
• When you don’t know the receiver’s bank account details
• The receiver is not within easy distance (to deliver cash or send a cheque by hand)

A sender will be charged Rs. 25 (inclusive of taxes) for every IMT transaction he or she issues to a receiver. Please note that there are no reversals of these charges in case the IMT expires or is cancelled.
There is no charge for cancellation of an IMT.
Limits
The following limits exist for IMT transactions:
Sender limit
Rs. 10,000 per transaction
Receiver limit (checked on his or her mobile number)
Rs. 25,000 per month

How It Works
Axis Bank customer can send money to any mobile number in India by providing the beneficiary’s mobile number, Amount to be transferred and setting the Sender’s code (The beneficiary would need this code to withdraw cash from the ATM).
How to Withdrawal
If the beneficiary has a Debit card (of any recognized Bank), he or she can withdraw the IMT by using his or her Axis Bank debit card. After inserting the card, the receiver can select IMT > WITHDRAW IMT and provide the following details:
Mobile number on which he or she has received the IMT details
The Sender’s code
The SMS code
The IMT amount

On validation of the above-mentioned details, the cash will be dispensed from the ATM.
If the beneficiary doesn’t have a Debit card (of any recognized Bank), he or she can perform a card less IMT withdrawal at any Axis Bank ATM. To do so, the receiver needs to register his or her mobile phone number at any of the Axis Bank branches (the registration process is described below). Once registered, the receiver will be able to withdraw any number of IMTs issued on his or her mobile phone without using a card. While registering, the receiver needs to provider KYC documents and register his or her mobile number. The list of documents acceptable for the KYC is:
Proof of address of the recipient (any one document):
Telephone Bill
Ration Card
Bank Statement
Electricity Bill
Letter from any recognised public authority
Letter from Employer
Letter from gram panchayat or any government official
Any other document acceptable to the bank

Photo identity proof (any one document):
Passport
PAN Card
Voter Identity Card
Driving License
Identity Card (Subject to Bank’s satisfaction)
Letter from recognized authority

Get Money without ATM card -palm impression withdrawl

Have you forgot your ATM at HOME. No need to panic Japanese bank has started a machine that will require just your Palm impression to withdraw money .
A regional bank in Japan  started operating ATMs for cash withdrawals , deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
 Account holder need to input their birthday, place their palm on the sensor and input a PIN at an automated teller machine. Once this process is completed the desired amount entered is provided by ATM machine.
Registration is required at a teller counter beforehand. and the bank said customers may access their accounts even if they lose cards or passbooks after a major disaster, for instance.

Get Money without ATM card -palm impression withdrawl

Have you forgot your ATM at HOME. No need to panic Japanese bank has started a machine that will require just your Palm impression to withdraw money .
A regional bank in Japan  started operating ATMs for cash withdrawals , deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
 Account holder need to input their birthday, place their palm on the sensor and input a PIN at an automated teller machine. Once this process is completed the desired amount entered is provided by ATM machine.
Registration is required at a teller counter beforehand. and the bank said customers may access their accounts even if they lose cards or passbooks after a major disaster, for instance.