SBI launches money withdrawal without ATM card

Possible through one time PIN generation & using it for transaction from bank ATM.

16,500 ATMs have been enabled for this service, plan is to expand to 60,000.

Easy to perform - 2 step cash withdrawal process through SBI YONO app to generate 6 digit PIN.

PIN validity - Half an hour.

Protects customers from potential debit-card theft, cloning and other frauds.

Transaction amount is limited to 10,000.

Two transaction per day allowed.

This service is limited to debit card only, to be extended for credit card as well.

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