State Bank of India on launched ‘YONO Cash’ for cardless withdrawal of cash at over 16,500 SBI ATMs across the country.
About:
This feature on YONO is designed to help its users withdraw cash without a physical debit card.
Benifits: The initiative will address their concern of using debit card at the ATMs for cash withdrawals by eliminating possible risk associated with it.
Working:
With this facility, customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash pin for the transaction.
They will also get a six digit reference number for the transaction on their registered mobile number via SMS.
The cash withdrawal has to be completed within the next 30 minutes at the nearest ATMs using both PIN and the reference number received.
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