State Bank has introduced a QR cash withdrawal facility for its customers in SBI ATMs through the YONO Lite app. Hence, SBI customers do not need to carry an ATM card in their wallet for cash withdrawals. Instead, they can withdraw cash by QR code scanning at SBI ATM through the YONO lite application.
So it’s the most significant update by the State bank of India, where the State Bank customers can avail of this facility by using the YONO Lite App on their smartphones.
The Yono Lite app is also a handy app for customers, launched in India a few years ago; the app is just a few MBs and is very fast to load.
What is QR cash withdrawal in SBI?
QR Cash is a banking service that allows you to withdraw cash from an ATM without a debit card. You don’t need to insert your debit card, and you can withdraw cash from ATM by scanning the QR code.
State Bank of India provides this facility through the YONO Lite app. So, to avail of this facility, you need to download and install the YONO Lite application on your mobile.
It offers a wide range of services such as Yono Cash, UPI Transfer, Quick Transfer, Bill Payment, Online Nomination, e-Deposit and more banking services for customers.
These are the top State bank services that offer through the Yono Lite application:
- Funds Transfer Within Self Accounts
- Third-Party Transfer Within SBI
- Inter-Bank Transfer ( RTGS / NEFT / IMPS)
- Yono cash withdrawal
- QR cash withdrawal
- UPI transfer
- Quick transfer and donations
- Balance enquiry
- Fund transfer
- Bill payment
QR Cash withdrawal is an excellent service, which is newly added to the SBI Yono Lite app. So, if you have an account with SBI, you can get this feature through the Yono Lite app.
QR Cash withdrawal without ATM card
So, if you are an SBI account holder, you can avail yourself of this facility through the Yono Lite app. So you have to download and install it on your smartphone from the Google Play store.
Log in with your Internet banking credentials, such as customer ID and password or M-PIN. You will find this option at the top left of the home page on the Yono Lite app.
Click on the ‘QR Cash Withdrawal‘ option, and the phone’s scanner will start scanning the OR code. If you don’t get the QR code to scan then visit the upgraded ATM. You don’t need to enter OTP, UPI ID, or UPI PIN for cash withdrawal.
Steps for SBI QR Cash withdrawal through YONO Lite
Here are the simple steps to withdraw cash using the QR Cash option at SBI ATM. You can withdraw cash without a debit card by using the QR cash withdrawal option in the YONO Lite app.
Step 1: For QR Cash facilities, go to any advanced SBI ATM and click on the QR CASH option on the ATM screen.
Step 2: Enter the amount you agree to withdraw. Here, you will get only two options for withdrawal, Rs.2000/- and Rs.4000/-. Click on the desired amount, and a QR code will appear on the ATM screen.
Step 3: Now, open your Yono Lite app and click on the QR Cash Withdrawal option. Here, you have to allow the camera to scan the QR code on your smartphone. The scanner of the smartphone will scan the QR code.
Step 4: After completing the scanning process, click on the Continue option, which will appear on the ATM. After a while, the amount you entered for withdrawal will be received from the ATM.
The QR cash withdrawal option is the easiest for the users compared to the previous Yono cash as it has to complete a few steps for cardless cash withdrawal from SBI ATM.
This way, you can get the cardless facility in SBI through the Yono Lite app. If you have not updated Yono Lite, it may not appear, so you will have to update the app to get this option.
Yono Lite Services
- Debit card Hostlisting
- Manage Debit Cards Access Channels
- Manage Limits for Debit Card Transactions
- Aadhaar Linking
- Cheque Book Request
- Online Nomination
- TDS enquiry
- Submit 15G / 15H Online
- Manage UPI Account
- Change Maturity Instructions for e-deposit
Besides, here you can enable/disable your UPI account at any time by selecting the ‘UPI Transfer’ option.
All you need for Yono Lite SBI
The smartphone requires an Android operating system and version 4.2 or above and an internet connection to operate the Yono Lite app. Create an MPIN for quick login or an Internet Banking username and password. It is good that you keep the SBI YONO Lite app open beforehand to avoid ATM screen timeout issues.
A: QR Cash withdrawal is a cardless ATM cash withdrawal service in SBI. You can withdraw cash by scanning the QR code at designated SBI ATMs through the YONO Lite app.
A: SBI Bank customers can withdraw a maximum of Rs 10,000/- from SBI ATMs using the QR Cash feature in the YONO Lite app. But, it may change over time.
A: SBI customers can use the QR cash withdrawal feature on their smartphones through the YONO Lite app.