2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Axis
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ICICI
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HDFC
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SBI
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Detailed explanation-1: -State Bank of India on Friday launched ‘YONO Cash’ for cardless withdrawal of cash at over 16,500 SBI ATMs across the country. With this facility, customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash pin for the transaction.
Detailed explanation-2: -The State Bank of India (SBI) introduced the YONO (You Only Need One) online banking platform to allow users to use ATMs without ATM cards.
Detailed explanation-3: -The YONO user simply needs to login to the YONO platform and use the YONO Cash feature to generate a reference number and create a dynamic PIN for the cash withdrawal. Customer can then use the same to complete the transaction and withdraw/obtain the cash from any of the channels i.e. ATM, POS terminal or CSP.
Detailed explanation-4: -ICICI Bank, one of the leading private sector banks has introduced a cardless cash withdrawals facility from its ATMs. Banks have been trying to reduce the usage of debit cards to withdraw cash.