SBI’s Yono app to support card less withdrawal from ATM

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Country’s largest commercial lender SBI in a bid to reduce plastic usage has introduced a new application using which one can withdraw money from ATMs (Automated teller Machines) using their debit cards. The new mode of transaction will also be available soon at Point of Sale (PoS) terminal.

SBI’s chairman Rajnish Kumar, while launching this new service called Yono Cash service said, the new card less service would be available at 16,500 as of now but soon will be available at all the 60,000 ATMs of SBI. The service enables the user to a generate a dynamic code using the Yono app, which can be used within 30 minutes to withdraw the cash from ATM.

“This facility can be used by customers to send money. Usually, customers are asked not to share their PIN number. But in this case, the PIN has only one-time use,” said Kumar.
In order to withdraw cash using the Yono app the user first needs to set a 6 digit cash pin to enable the transaction. The user will also get a 6 digit reference number via SMS. But the process must be completed within the 30 minutes.
“The initiative will also address the concern of using debit card at ATMs for cash withdrawals by eliminating possible risks associated with it. Our ultimate objective is to do away with plastic,” said Kumar.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Jenifer Aniston, Reese Witherspoon re-enact ‘Friends’ episode

Los Angeles, Oct 20 (IANS) Actresses Jennifer Aniston and Reese Witherspoon re-enacted an episode from the hit sitcom "Friends",...

UK PM refuses to sign letter requesting Brexit delay

London, Oct 20 (IANS) UK Prime Minister Boris Johnson has sent a letter to the European Union (EU) to request a Brexit delay, but...

Isla Fisher goes to market without make-up

Los Angeles, Oct 20 (IANS) Actress Isla Fisher went for a make-up free look for a trip to a market here.The actress, 43, opted...

‘Need mass movement against NGOs protesting development’

Panaji, Oct 20 (IANS) Union Minister for Railways Piyush Goyal has called for a mass movement against NGOs who protest development, calling it the...

UK MPs vote for amendment to force Brexit delay

London, Oct 20 (IANS) British lawmakers have voted for a key amendment to force British Prime Minister Boris Johnson to seek another Brexit extension...
- Advertisement -

More Articles Like This