No. of views : (5498)
Sensational announcement by SBI to cancel ATM cards!
Posted on: 21/Aug/2019 3:35:12 PM
As one of the initiatives to encourage cashless transactions, the country’s leading public sector bank, State Bank of Indian is planning to withdraw the facility of ATM cards!
The CEO of SBI, Rajneesh Kumar has informed that YONO facility would be implemented in all ATMs withing the next 5 years.
In order to use this YONO system, SHAYONO Cash app must be downloaded first on the cellphone. Then an identity number of 6 digits has to be created.
In case of a need to withdraw cash, a number will be sent to the cell which registered through the SHAYONO cash App.
Subsequently, the YONO cash number and the password can be entered on the TAM and cash can be withdrawn.
It has been announced that this facility can be used in 16500 ATMs located throughout the country.
The CEO of SBI has informed that this facility would be implemented in all the ATMs in the country within the next 5 years.
Post your requirement - We will connect with the right vendor or service provider
