SBI YONO App cash transfer, withdrawal process - Explained

Here is how to use SBI YONO App cash transfer, withdrawal method.

| Updated on: Aug 22 2022, 00:04 IST
Here is how to transfer or withdraw cash using SBI YONO App. (Reuters)
Here is how to transfer or withdraw cash using SBI YONO App. (Reuters)

Now, customers of the State Bank of India (SBI) will not have to visit the bank to send or transfer money and withdraw cash. Yes, they can do all these tasks via SBI YONO App. YONO (You Only Need One) is a digital banking platform of SBI. According to the bank, "YONO is an initiative by SBI to bring all of its joint venture's customers through digital technology 'YONO Mobile App'". By using SBI YONO Mobile App, customers can integrate all their products and services from SBI bank account, SBI Card, SBI Mutual Fund, SBI Life Insurance, SBI General Insurance, SBI Securities. Here below, we explain how to use SBI YONO App cash transfer, withdrawal method.

Bit first, in order to use SBI YONO mobile app, a user must have an SBI bank account number. You can login into the app using ATM card details as well. Using SBI YONO mobile application you can avail several online banking services like opening bank accounts, transferring money, among others. If you have not yet used the app, then you can download it to use the online banking services.

The SBI YONO Mobile App can be downloaded from Google Play Store on Android devices. While iPhone users can download the app from the App Store. The only thing they need to do is visit the store, search for SBI YONO App and click on download. The app will get downloaded and installed on your device.

How to transfer or send money via SBI YONO Mobile App

1. Download the SBI YONO Mobile App on your smartphone and log in to it.

2. After this, go to the home screen and tap on the option saying 'Fund Transfer'.

3. Then proceed further and select a beneficiary. Provide the required details and enter the amount you want to transfer.

4. You will now have to authenticate the process using MPIN.

5. After you enter the MPIN, you will get a successful transfer of money message.

How to withdraw cash from SBI ATM via YONO App

10 Minutes
Step 1:

You will have to visit the nearest ATM in your area.

Step 2:

Then log in to the YONO App using the PIN.

Step 3:

Complete the steps and go to YONO Pay option.

Step 4:

Tap on YONO cash and then raise a request to withdraw cash.

Step 5:

After this you will be receiving a 6 digit verification code.

Step 6:

Then select the cashless withdrawal option at the SBI ATM.

Step 7:

Next, you will have to use the verification code received as your PIN. You will also have to provide your YONO Apps PIN. And you are done!

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First Published Date: 06 Feb, 09:34 IST
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