India’s largest public sector bank, SBI has started cardless withdrawals ATM with YONO cash app.
Bank will enable cardless withdrawals on all its 16500 ATMs as a part of the SBI’s Digital Banking Platform. This feature allows users to withdraw money without using a physical debit card. It will also eliminate the risk of possible theft associated with it.
According to SBI Chairman Rajneesh Kumar “Through YONO, we endeavor to create a digital universe by integrating the entire transactions ecosystem under one platform in the next 2 years,”
It will enhance customer banking experience and help them to withdraw money without keeping the debit card or credit card.
How to the Cardless transaction with SBI YONO?
Customers can visit the YONO cash points or use YONO App to withdraw money. The entire process does not require a debit card or credit card. The whole process is secured by two-factor authentication.
Customer will get 6 digit code on registered mobile once the cash withdrawal process is started. YONO Pin is valid for the next 30 minutes, and the customer has to complete the entire transaction during that period.
YONO App is available on Android and IOS device, and it is available for free on respective app stores.
NISHA PATEL is on the partner and marketing executive at midwaychronicle.com. She previously worked as Internet marketing and online promotion executive. She likes to write on current events which matter to her readers.