Cash withdrawal without SBI ATM card!
Saturday, March 16, 2019 • Tamil
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State Bank of India chairman Rajneesh Kumar has announced a new feature for SBI customers. They can now withdraw cash at the Bank's 16,500 ATMs in the country without using a debit card.
The feature is known as YONO, standing for You Only Need One. The SBI customer can now go to any YONO Cash Point, feed the required credentials and withdraw cash without having to use the debit card. This will do away with the need to carry the physical card in the pocket.
The new feature will help reduce ATM-related frauds. A YONO App has been introduced to make it a seamless process. SBI aims to increase digital banking footprint with innovative initiatives like this.
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