State Bank of India has launched an interoperable cardless cash withdrawal facility. Through this tremendous facility of SBI, now customers will be able to withdraw money even without a card.
Any bank customer in India can take help of UPI payment system to scan and make payments. Along with this, if the customer wishes, he can also try to withdraw cash through his YONO mobile application. The bank launched this announcement of this new facility on the 68th Foundation Day celebrations of the bank.
Cardless cash withdrawal facility still in progress
Many people may have a question that they still do cardless cash withdrawal through UPI through SBI ATMs. But according to the recently received facility, the bank’s customers can now do cardless cash transactions through any other bank’s ATM. Customers can now withdraw cash from any ICCW-enabled ATM of any bank without any hassle using the ‘UPI QR Cash’ functionality. You don’t have to use a PIN or debit card. The transaction will be completed by simply scanning the dynamic QR code on the ATM screen.
Earlier, SBI Chairman Dinesh Khara launched 34 Transaction Banking Hubs at top 21 district centers across the country. Thereby providing multiple convenience for transaction, payment and collection needs under one roof. About which Khara said that keeping in mind the convenience of our customers and the rapidly growing digital payments, the Yono app has been redesigned. This will fulfill our goal of making ‘YONO for every Indian’ mission a reality.
YONO’S NAME CHANGED
SBI also informed that now YONO’s name has been changed to YONO FOR EVERY INDIAN. You can also use features like Customer Request Money, Pay by Contacts and Scan and Pay of any bank by updating your YONO app.
