Updated By: LatestGKGS Desk
SBI new cardless ATM withdrawal with YONO Cash
SBI new cardless ATM withdrawal with YONO Cash: Details, Features, Highlights
The State Bank of India (SBI) has unveiled a new service called ‘YONO Cash’ for its customers using which customers can withdraw money from ATMs without using debit cards.
YONO Cash facility is available over 16,500 of its ATMs through the You Only Need One (YONO), mobile app platform for the first time in the country. The ATMs enabled for this service will be called as YONO Cash Point.
Customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash pin for the transaction. Also, they will be a six-digit reference number for the transaction on their registered mobile number via SMS, which has to be used within 30 minutes at the nearest YONO cash point.
Transactions using YONO Cash will be secured with two-factor authentication and will also eliminate the risk of skimming and cloning, at the same time it also maximizes convenience and enhances the banking experience for its customers.
SBI
Founded: 1st July 1955
Founder: Government of India
Headquarters: Mumbai
