SBI launches cardless ATM withdrawals

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VIS News Service

YONOSBI – India’s first integrated Omni-channel banking & lifestyle platform – launched ‘YONO Cash’ for card less withdrawal of cash at over 16,500 SBI ATMs across the country.

The launch of YONO Cash makes SBI the first bank to offer this service in the industry. The ATMs enabled for this service will also be termed as YONO Cash Point. The bank expects YONO Cash to up the ante on customer delight by virtue of its security feature and the convenience of card less cash withdrawals.

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 YONO Cash point using both PIN and the reference number received.

Speaking at the launch, Mr.Rajnish Kumar, Chairman, SBI said, “YONO Cash is yet another step by the bank towards our goal of maximizing convenience and enhancing banking experience for our customers.

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