BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which Bank has launched a new service called ‘YONO Cash’ for its customers using which customers can withdraw money from ATMs without using debit cards?

A	HDFC Bank
B	Union Bank of India
C	Bank of Baroda
D	State Bank of India

Explanation:

Detailed explanation-1: -The State Bank of India (SBI) initiated a digital banking platform YONO (You Only Need One) to withdraw cash from ATMs without ATM cards. It also provides other services like cash service, business transactions, and purchasing products through e-commerce platforms for SBI customers.

Detailed explanation-2: -Select ‘Withdraw cash’ option on the ATM screen. Select UPI option on ATM screen. QR code will be displayed on the screen. Activate the QR scanner by opening UPI app such as PhonePe or GooglePay.

Detailed explanation-3: -Mumbai: ICICI Bank today announced the launch of a ‘Cardless Cash Withdrawal’ facility from its ATMs. This service enables customers to withdraw cash from over 15, 000 ATMs of the bank by simply raising a request on ‘iMobile’, its mobile banking application.

There is 1 question to complete.