State Bank of India provides a YONO cash withdrawal facility in both YONO SBI and YONO Lite applications. Both apps are created by State Bank to provide various digital banking services for its customers.
YONO Cash withdrawal is one of them where you can withdraw cash from an ATM without a debit card. So, if you want to know more, the step-by-step guide given below will help you.
You need to install the YONO SBI or YONO Lite app on your mobile and log in using your ATM card details or SBI internet banking Username and Password.
These two apps provide the facility of YONO Cash in SBI ATMs without inserting the ATM card. There is a limit for withdrawing money from the ATM using a debit card, and if this limit is exceeded, a fee has to be paid.
But all these rules can change over time. But, there is no charge if you use the YONO Cash option for cash withdrawal.
What is YONO Cash?
YONO Cash is a feature offered by the State Bank of India for customers through the YONO SBI and YONO Lite apps. It helps users to withdraw cash from the SBI ATM without inserting a debit card.
Users do not need to use their ATM cards; They can withdraw money without a debit card using SBI ATMs through SBI YONO and YONO Lite applications.
It is beneficial for those who often forget their ATM card. Moreover, the YONO Cash facility is straightforward and more secure.
You don’t need to insert your debit card, you can do it through the YONO SBI application in a few steps.
Steps to withdraw YONO Cash without inserting an ATM card
Following are the steps for YONO Cash withdrawal from State Bank ATM without using your ATM card:
Step 1: You must have an account with the State Bank of India. Download the SBI YONO or YONO Lite app from Google Play Store.
Step 2: Log in with your internet banking username and password or enter your debit card details. You can also set a 6-digit MPIN set for ease of use.
Step 3: Select the ‘YONO Cash’ option, which appears on the home page. Scroll down, you will find the ATM option below. Select the “ATM” option.
Step 4: On the next screen, enter an amount, which should be a minimum of Rs 500 and a maximum limit per transaction is Rs 10,000.
Step 5: Next, you have to create a six-digit YONO Cash Pin for the transaction.
Step 6: This is very important for you as you will need to enter this PIN at the ATM to proceed. Tap on Next.
Step 7: Next, review the details and check the terms box. Tap on Confirm. You will receive a six-digit reference or transaction number on your registered mobile through an SMS.
Step 8: Visit any nearest State Bank ATM and click on the ‘YONO CASH’ Option. You have to enter the reference number (transaction number) and press the button to Confirm it. Enter the amount which you entered earlier and Confirm it.
Step 9: Now, you need to enter a six-digit YONO Cash PIN to withdraw cash from ATM and Confirm.
The amount will be disposed of from ATM. So, this is how you can withdraw cash from SBI ATM without a debit card.
YONO Cash Benefits
It helps users related to ATM card cloning and tries to avoid using ATM cards for cash. Along with the YONO Cash option, SBI offers a cardless cash withdrawal facility through its platform. Moreover, customers don’t need to carry their debit cards in wallets.
A debit card has a limitation for cash withdrawal, the fee will have to be applied if the limit is exceeded. But in YONO Cash withdrawal, you can withdraw money without any transaction fee.
FAQs
A: The minimum transaction amount limit is Rs.500, and the maximum is Rs.10,000 and is allowed up to Rs.20,000/- per day.
A: The minimum transaction amount limit is Rs.500, and the maximum is Rs.10,000 and is allowed up to Rs.20,000/- per day.
A: First, set up a YONO Cash PIN, and after that, you will get a YONO Cash transaction number on your registered mobile number.
A: As of now, there is no charge for the YONO cash withdrawal facility.
A: No, you have to visit any advanced SBI ATM where you will see the YONO Cash sticker. YONO Cash’ will be written on the lower right side of the ATM screen.
A: Yes, both the apps YONO SBI and YONO Lite offer YONO cash facilities.
Conclusion
YONO Cash facility is beneficial for those users who often forget their ATM cards. Users can complete cardless cash withdrawals from SBI ATMs through YONO App. But there is a limit, you can withdraw up to Rs.10000/- per transaction. In addition, users can withdraw more than the daily withdrawal limit using the YONO Cash facility.
