Bank of India allows ATM withdrawal without a card

Bank of India today became the first state-run lender to allow withdrawal of funds from its ATMs without a debit card. The public sector bank has launched a domestic remittance service called 'Instant Money Transfer (IMT)' that allows card-less cash withdrawal from it select ATMs which are tuned for this facility. Last month, RBI Governor Raghuram Rajan had said that individuals without a bank account will soon be able to rec...