SBI launches new system Yono Cash in digital banking platform

SBI launches new system Yono Cash in digital banking platform. This wil be available in over 16500 ATM all over India. SBI introduced this service firstly and all ATM will be linked with this Yono Cash ATM soon.

The initiative is made to eliminate the possiblity of fraud when transcations used in the machines. Yono is designed to withdraw the cash without a debit card. It has be prepare a six digit Yono cache pin for transcations through mobile app. The customer can withdraw cash using PIN number and reference number got through registered mobile SMS. 

In next two years,SBI plans to create all transcations made through Yono. As of february 2019, more than 18 million people have downloaded it.  Yono has over seven million active users. This app can available in all Android and IOS mobile users.