The service allows customers to withdraw cash by scanning a UPI QR code and authorising the transaction via their UPI-enabled app, eliminating the need for debit cards or traditional ATMs.
The service is particularly aimed at customers in rural and semi-urban areas, offering a cardless and assisted method for first-time digital users to access cash. By leveraging its BC network, JPBL seeks to bridge the gap between digital payments and physical cash access, while promoting UPI adoption among segments that remain largely cash-dependent.
JPBL said the initiative is part of its ongoing efforts to strengthen India’s digital payments ecosystem and enhance financial inclusion.
About Jio Payments Bank Limited
Incorporated in November 2016 and approved by the Reserve Bank of India, JPBL provides digital-first banking solutions designed to meet the diverse financial needs of individuals and businesses across India.
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Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
First Published: Mar 17, 2026 2:48 PM IST
