YONO CASH

March 16, 2019

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.