SBI Yono app currently allows you to withdraw money from ATMs without a card

SBI Yono app now allows you to withdraw money from ATMs without a card

SBI has introduced a facility that enables customers to withdraw money from ATMs without a card. YONO cash is used to withdraw cash at over 16,500 SBI ATMs across the country. SBI is that the first bank to offer this service in india. The ATMs enabled for this service will be termed as YONO cash point.

Customers will initiate the cash withdrawal method on the YONO app and set a six digit YONO cash pin for the transaction. they will also get a six digit reference variety for the transaction on their registered mobile number via SMS. The cash withdrawal must be completed inside the next 30 minutes at the nearest YONO cash point using both PIN and the reference number received.

YONO is accessed through android and iOS powered mobile phones, and on the web through a browser.

SBI Chairman Rajnish Kumar said, “YONO money will address the priority of using debit card at the ATMs for money withdrawals by eliminating possible risk related to it. This feature is designed to help users withdraw money without a physical debit card. Our endeavour is to create a digital universe by integrating the entire transactions scheme under one platform.”