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SBI launches interoperable cardless cash withdrawal through ATM
July 03, 2023
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application ‘YONO for Every Indian’ and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender’s 68th Bank Day.
In a statement, Dinesh Khara, Chairman of the State Bank of India, said, “SBI is dedicated to offering cutting-edge digital banking solutions that empower every Indian with financial independence and convenience. The YONO app has been revamped, keeping in mind the expectations of our customers for a seamless and pleasant digital experience.”
Khara believes this will further fulfill SBI’s goal of making the ‘YONO for Every Indian’ mission a reality.
Through the enhanced YONO application, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others on YONO’s new avatar.
This move further expands SBI’s commitment to providing inclusive and customer-centric digital banking services to every Indian citizen.
Further, under the Interoperable Cardless Cash Withdrawal facility, both the customers of SBI and other banks can withdraw cash seamlessly from ICCW-enabled ATMs of any bank by using the ‘UPI QR Cash’ functionality.
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