SBI has now finally revealed a facility that allows customers to withdraw cash from ATMs without a card. YONO Cash can be used to withdraw cash at over 16,500 SBI ATMs across the country. SBI is the first bank as of now in the market to offer this service in India.
The ATMs enabled for this service will also be termed as YONO Cash Point. 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 which is then going to be used for the transaction on their registered mobile number via SMS.
The cash withdrawal has to be completed in just within the time period of the next 30 minutes at the nearest YONO Cash point using both, PIN and the reference number received. YONO can be accessed through Android and iOS-powered mobile phones, and on the web.