SBI Customers Can Withdraw Cash From ATMs Without Card, Money Withdrawal Goes Cardless

File image - Sakshi Post

New Delhi: State Bank of India launched YONO cash by which customers can withdraw money from ATMs without using a card. On their mobile application, customers can now generate a one-time pin (OTP) and use the pin to transact the money.

It can be done in these simple steps. We show you how.

Step 1: Install YONO app on your phone.

Step 2: When you have to withdraw money from an ATM, request the app. A six-digit registration number will follow which will only be valid for 30 minutes. You will also be required to enter YONO App PIN for cash withdrawal.

Step 3: Visit nearest SBI ATM or YONO cash points and use the pin to withdraw money.

Step 4: The customer will get a confirmation of the cash withdrawal via SMS.

Users can withdraw up to Rs 10,000 per transaction and make two withdrawals a day using the application.

The service can be used by a customer only on one device. The facility is available across 16,5000 SBI ATMs.

SBI chairman Rajnish Kumar has said that the new initiative will address concerns over using debit cards at ATMs for cash withdrawals by eliminating the possible associated risks. It also reduces the risk of skimming and cloning.

Also Read: Do This To Continue Enjoying SBI’s Internet Banking Services

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