Jio Payments Bank Launches UPI-Based Cardless Cash Withdrawals Across India

Mumbai, March 17, 2026 – Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has launched UPI-based cash withdrawal services at its Business Correspondent (BC) touchpoints, a major step in expanding digital payments and financial inclusion across India.

The new feature allows customers, particularly in rural and semi-urban areas, to withdraw cash seamlessly by scanning a UPI QR code and authorizing the transaction through any UPI-enabled app—eliminating the need for debit cards or traditional ATM access. This cardless system ensures secure and convenient cash access for first-time digital users, bridging the gap between digital payments and physical cash availability.

By leveraging its extensive BC network, JPBL aims to enhance UPI adoption among cash-dependent populations while providing a safer and assisted experience for new digital users. This initiative also strengthens the bank’s commitment to last-mile financial accessibility and inclusive banking in underserved areas.

Mohana V, Group Company Secretary and Compliance Officer of Jio Financial Services Limited, stated that this launch reflects the company’s strategy to expand digital banking services across the country and reinforce financial inclusion through innovative solutions.

JPBL, approved by the Reserve Bank of India, has been a pioneer in delivering digital-first banking services since its incorporation in November 2016. Its parent company, Jio Financial Services Limited, operates a full-stack financial ecosystem with subsidiaries in payments, insurance, lending, leasing, and asset management, including partnerships with BlackRock and the Allianz Group.

With this launch, Jio Payments Bank continues to cement its role as a driver of India’s digital banking revolution, empowering citizens to transact, save, and access cash more efficiently.