State Bank of India (SBI) Yono Cash is a new service launched by State Bank of India (SBI) that lets SBI account holder to withdraw money without use of ATM Card from any SBI yono enabled ATMs across the country. This system of making cardless transaction also works on all SBIs Merchant POS terminals or Customer Service Points (CSPs) across India. This facility only works for SBI customers. All SBI ATMs doesn’t provide this facility to withdraw money cardlessly. Only the SBI ATMs who are YONO Cash enabled have to ability to carry out this feature to withdraw money without card. By seeing the logo of Yono Cash outside the SBI ATM or on the SBI ATM, one can get assure that ATM is YONO Cash enabled. Let’s learn how you can avail this facility of withdrawing money without ATM Card.
How to withdraw money from SBI Yono Cash enabled ATMs
Firstly, the customer needs to install YONO SBI app from the play store.
Then the customer needs to open the YONO SBI app.Now the user would be directed to a screen, where he needs to click on “Existing Customer” option.
How one will be directed to a screen where he would see three option ( See obove screenshot)
Now, Click on option Login using Internet banking ID, if have presently have access to Internet Banking of SBI and if not, Click on Register on MY ATM Card option and then enter the CIF NO and the account number, printed on the pass book and Click on Submit
In this article, we will create account with First option that is, Login using Internet banking ID. Now in the next page click on the yes option, for possessing of Internet Banking Credentials.
In the Next page, enter the User ID and the password of the Internet Banking of SBI. Then, Read the user Instructions and confirm the declaration and then click on NEXT.
Now in the next page, one has to form and enter a 6 digit Login PIN or MPIN. The user has to also re-enter the MPIN to confirm it.
Now one will receive a 6 digit OTP on his registered number, the user need to input the OTP number and then needs to click next.
After inputting the 6 digit OTP, one will see a Congratulations success message on the screen. Click on Go to login
In the next screen, enter the 6 digit MPIN or the login Code.
Now one will be login to the Home screen of Yono Cash app. Now click on YONO Cash option. Then Select ATM option
In the next page Enter the amount you wish to withdraw from Yono Cash ATM and then click on NEXT.
Then in the next page write the MPIN Code or your login code to confirm the transaction. Then click on NEXT. In the next page I agree the terms and conditions and finally click on Confirm.
Finally, you are done.
Now one need to visit the nearest SBI YONO Cash enabled ATM. Then he must click on
yono cash option seen on the ATM screen. Then he has to choose account type either saving or current. Now in the next opened screen, one has to enter the 6 digit Transaction Code received on the registered number as PIN( see obove screenshot). Finally collect the cash and enjoy availing cardless withdrawing facility form SBI Yono Cash ATMs.
What is the advantages of SBI YONO Cash facility.
- Making Cardless withdrawal: Yono Cash facility lets SBI account holder to withdraw money from SBI YONO Cash Enabled ATMs without the possesstion of ATM card.
- Safe & Secure: Withdrawing money from Yono Cash ATMs is one of the safe and secure method. The account holder availing this facility need not to keep the ATM card with him thus the risk of ATM card getting lost or misplaced is avoided. This facility also avoid the risk of fraud connected with incidents related to the card like card skimming risk, exchanging ATM card with another, etc.