Title: Understanding Yono Cash Fees: A Detailed Guide
1. What are Yono Cash Fees?
Yono Cash, an innovative digital payment platform by YONO (You Only Need One) of State Bank of India, offers various services including cash withdrawal, bill payments, and money transfers. Like any financial service, it comes with certain charges. In this section, we'll dive deep into the various Yono Cash fees you might encounter.
2. Transaction Fees
– Withdrawal Charges:
When you withdraw cash from an ATM using Yono Cash, there is a transaction fee applicable. This fee varies depending on the ATM network. For instance, if you're withdrawing from an SBI ATM, you may be charged Rs. 20. However, if you withdraw from an ATM belonging to a different bank, the charges can be higher.
– Transfer Charges:
Sending money through Yono Cash involves a minimal transfer fee. The fee for intra-bank transfers is Rs. 5 per transaction, while inter-bank transfers can incur a charge of Rs. 25.
– Bill Payment Charges:
Paying bills using Yono Cash is a convenient service, but it does come with a fee. The charges for bill payments vary based on the type of bill you're paying. For instance, electricity bills may attract a charge of Rs. 10, while insurance bills could be charged Rs. 20.
3. Cashback Offers
To make the most out of Yono Cash, keep an eye out for cashback offers. SBI occasionally provides cashback incentives for using Yono Cash for various transactions. This is a great way to save some money.
4. Yono Cash Minimum Balance
Yono Cash requires a minimum balance to be maintained. This amount varies based on your account type and can be checked within the YONO app.
5. Yono Cash FAQ
– Q: How do I check my Yono Cash transaction history?
A: To check your transaction history, log in to the YONO app. Go to the 'Transactions' section, and you'll find a detailed list of all your transactions.
– Q: Can I use Yono Cash internationally?
A: Yes, you can use Yono Cash for international transactions. However, additional charges may apply.
– Q: Is there a limit on the number of transactions per day using Yono Cash?
A: There's no limit on the number of transactions per day. However, you may face transaction limits based on your account type.
– Q: How can I update my Yono Cash contact details?
A: Update your contact details by logging in to the YONO app. Go to the 'Profile' section, and you'll find the option to edit your contact information.
In conclusion, while Yono Cash offers a wide range of convenient services, it's important to be aware of the associated fees. By understanding these charges and taking advantage of cashback offers, you can make the most out of this digital payment platform.