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2019-03-16

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Indian Economy
www.thehindu.com

State Bank of India on Friday launched ‘YONO Cash’ for cardless withdrawal of cash at over 16,500 SBI ATMs across the country.

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 withdrawal has to be completed in the next 30 minutes at the nearest ATM. “The initiative will also address their concern of using debit card at the ATMs for cash withdrawals by eliminating possible risk associated with it,” Rajnish Kumar, Chairman, SBI said.

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