Introduction to YONO Cash: Cardless Cash Withdrawals

What is YONO Cash?

YONO Cash is a facility available under the YONO SBI application, which allows customers to withdraw money from ATM, Merchant POS and Customer Service Points (CSP) without any need of physical debit card.

There is no need for a physical debit card, as the service is simple and secure. You can withdraw cash by generating a YONO Cash PIN, ensuring a cardless and hassle-free experience

The Convenience of Cardless Transactions

Cardless cash withdrawals offer unmatched convenience, eliminating the need to carry your debit card or worry about losing it. With YONO Cash, all you need is a PIN generated via the YONO SBI app for payments at ATMs, POS, or CSP terminals. This method also reduces the risk of card fraud, as your debit card details are never involved in the transaction and the process is more secure.

Features of YONO Cash: A Comprehensive Overview

YONO Cash offers a seamless, cardless way to withdraw cash or make payments, enhancing convenience and security.

YONO Cash at POS: Shop and Withdraw at Merchant POS

With YONO Cash, you can not only withdraw money from SBI ATMs but also make purchases and withdraw cash at SBI POS devices in selected merchant outlets. This feature allows you to shop and withdraw cash simultaneously, without the need for a debit card, simplifying your transactions and making your shopping experience more convenient. You simply need to enter the amount, transaction reference number and PIN generated for YONO Cash transaction on YONO SBI app and withdraw your money.

YONO Cash at Customer Service Point (CSP)

For those in rural or remote areas where ATMs may not be accessible, YONO Cash is available at SBI Customer Service Points (CSPs), offering the same cardless cash withdrawal services, ensuring financial access to everyone.

Step-by-Step Guide for YONO Cash Transactions (ATM, POS & CSP)

1. Log in to the YONO App and navigate to the 'YONO Cash' tab.
2. Choose your delivery channel: ATM, POS, CSP, or Shopping.
3. Enter the amount you wish to withdraw or pay and select the account to be debited (your primary account is selected by default).
4. Create a YONO Cash PIN for the specific transaction, which will only be displayed on the screen at the time of creation.
5. Your request will be registered and a Transaction Reference Number will be generated and sent via SMS to your registered mobile number (valid for 4 hours).
6. At your selected channel (ATM/Merchant POS/CSP), enter the amount, transaction reference number and YONO Cash PIN.
7. For cash withdrawals, the full amount must be withdrawn in a single transaction.
8. For shopping at POS, partial payments are allowed, but the reference number can be used only once.
9. Upon completion, you'll receive a debit notification on your registered mobile number, and you can view recent transactions in the YONO app.
10. You can also view your last two days' transactions in the Transactions tab on the YONO Cash landing page.

Process Flow for YONO Cash at ATM in YONO Lite

The YONO Lite app also supports cardless cash withdrawals. Simply follow the process in YONO Lite, and you can withdraw your cash at SBI ATMs, ensuring accessibility even with the lightweight version of the app.

1. Log in to the YONO Lite App and navigate to the 'YONO Cash' tab.
2. Select the 'Raise Request' option.
3. Choose the account to be debited, with your primary account automatically selected by default.
4. Create a YONO Cash PIN for the transaction. This PIN will only appear on your screen during creation and won't be shared through any other channel. After setting the PIN, your request will be processed, and a Transaction Reference Number will be generated and sent to your registered mobile number via SMS.
5. The cash withdrawal process in YONO Lite is similar to that of YONO SBI app.

Security Features of YONO Cash

All cardless transactions are safeguarded by YONO Cash PIN .Additionally, you don't have to worry about card skimming or loss, as no physical card is involved.

Benefits of Cardless Withdrawals with YONO Cash

• Enhanced security with no debit card involved.
• Quick and easy cash withdrawals at ATMs, POS terminals, and CSPs.
• Reduced risk of card fraud and skimming.
• Convenient for travellers and individuals who prefer not to carry a debit card.
• Flexibility to withdraw cash up to transaction limits set by the bank.

Conclusion

The SBI's YONO Cash feature offers a smart, secure, and convenient way to access your funds without using a physical debit card. Whether withdrawing from an ATM or a POS terminal, YONO Cash provides you with a hassle-free, cardless cash withdrawal option. With enhanced security measures and the additional bonus of no risks involving cards, it has become a must have for today's banking convenience. Use YONO Cash today and experience cardless withdrawals that are safe, simple, and secure.