SBI launches cardless ATM withdrawl

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 India's largest bank State Bank Of India launched cardless ATM withdrawal.They have termed it as YONO cash.Using YONO app one can withdraw cash from ATM without using a physical card.This will reduce the risk of skimming and cloning.
SBI customers can initiate the cash withdrawal process on the YONO app and set a six digit pin for the transaction.They will also get a six digit reference number for the transaction on their registered mobile number via SMS.The cash withdrawal has to be completed in next 30 mins.
ATM enabled for this will be called YONO cash point.

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