Full Form of ICCW at ATMs / ICCW Full form
ICCW Stands for Interoperable Card-less Cash Withdrawal
In the country few banks offers for their customer at their own ATMs card-less cash withdrawal called as Interoperable Card-less Cash Withdrawal (ICCW) at ATMs.This kind of cash withdrawal transactions would help to prevent frauds like skimming, card cloning, device tampering etc to encourage card-less cash withdrawal facility across all banks /ATM networks operators, it is proposed to enable customer authorisation through the use of UPI while settlement of such transactions would happen through the ATM networks.
Recently RBI had announced introduction of ICCW and instructed all banks , ATM networks operators and WLAOs to provide the option of ICCW at their ATMs and UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch.Withdrawal limits for ICCW transactions shall be in-line with the limits for regular on-us / off-us ATMs.
Other full forms of ICCW
ICCW - Indian Council for Child Welfare