SBI YONO App

Abbreviated for You Only Need One, YONO is a digital banking app that the State Bank of India (SBI) launched back in 2017. The primary objective of YONO is to provide a one-stop solution for shopping, investment, insurance, lifestyle and banking requirements.

Available for both iOS and Android platforms, there are plenty of things available within this app, such as cards, Mutual Funds, caps, general facilities, Life Insurance and more.

In this post, let’s find out how SBI YONO can be operated and how you can avail a variety of features and banking functionalities with this app.

Features of SBI YONO App

When it comes to downloading the app, SBI YONO is available on both Google Play Store and Apple App Store. Thus, you can easily download the app on both Android and iOS platforms. In terms of features, the app has to offer:

• Get to avail a summary of your expenditure with the intelligent spending analysis that classifies and defines your expenses accordingly
• Right from shopping groceries to electronics, booking tickets, and much more is covered by YONO SBI in its exclusive deals and rewards feature for customers
• Courtesy to convenient functionality of this app, you can now execute all of the basic banking transactions and activities within minutes, including checking the balance, adding beneficiaries, creating a Fixed Deposit account and more
• Transfer up to Rs. 10,000 instantly with Quick Pay to a new beneficiary
• Connect with all of the other State Bank bodies and view your relations with them, such as Investments, Mutual Funds, SIP, Accident Insurance, Travel Insurance, general insurance, Life Insurance, and credit cards
• Avail a pre-approved personal loan up to Rs. 5 lakhs within 2 minutes without any paperwork
• Get an overdraft against your fixed deposit with a click
• Make the most out of goal-based deposit service to accomplish your saving goals
• Request for debit cards, ATM cards and cheque books
• Use emergency facilities to avoid cheque, block ATM or Debit Card and change ATM PIN instantly

Services Available on SBI YONO App

• Accessing account summary and statement online
• Registering for LPG subsidy
• Subscribing to monthly e-statements
• Setting standing instructions
• Checking details of all the SBI accounts with one platform
• Transferring funds online outside or within SBI
• Submitting form 15G / 15H

Registering on YONO SBI App

• Open the app and log in
• Either enter account details or use your internet banking details
• Now, enter the details as asked, such as ATM number, PIN and click Submit; however, if you have selected internet banking option, you would have to enter username and password
• Provide consent by accepting terms and conditions; click Next
• Select an MPIN; you will receive an OTP on the registered phone number, enter the number and click Next

The registration is done successfully. Now, you can continue exploring all of the features. Also, note that while registering for the first time, you would have to use the credentials. Thereafter, you would be able to login by using the login user ID or MPIN.

Opening an Account with SBI YONO App

• Complete the YONO SBI login
• Choose the Open New Digital Account option and then click on Insta Savings Account or the Digital Savings Account according to your preference
• Click Apply Now
• Go ahead with Apply New option and read the information regarding the product, click Next
• Move ahead by filling in the email ID and mobile number along with other details
• Click Submit

And your YONO SBI account opening process is complete.

Difference Between Insta Savings Account and Digital Savings Account

Send Money with YONO SBI

• Log into the app
• On the home screen, choose the Fund Transfer option
• Choose a beneficiary, add the required details as well as the transaction amount
• Enter your MPIN to authenticate the transaction, and it is done

Apply for a Loan with SBI YONO App

If you are eligible for pre-approved SBI loan, you can avail the same from YONO app. With this feature, there are plenty of advantages that you get, like:

• Availability of loan any time
• No documents submission required
• Instant processing of the loan
• Minimal processing fee

To apply for the loan with SBI YONO app, follow these steps:

• Open the app and complete the SBI YONO login procedure
• Go to the Loan section; if you are eligible, you will get to see all the details there
• Select a loan amount and the tenue, click Next
• Select due date for EMI, click Next
• Agree to the terms and conditions, click Confirm

After this, your request will be submitted and processed by the bank.

All About YONO Lite SBI

If you are looking for a lighter version of this app, YONO Lite SBI would be your ultimate choice. Available for both Android and iOS devices, this app can be operated in Hindi and English languages.

Either you can register as a new user or log into your existing account. Furthermore, this app offers a variety of features, such as:

Services

• Adding nominations
• Linking aadhaar card with the account
• Requesting for a chequebook
• Enquiring TDS

Bill PaymentsCredit card transfer

• Finding bill payment history
• Paying post-paid bills
• Viewing and paying other types of bills

Recharges and Top-Ups

• DTH recharge
• Mobile top-up and recharge
• Managing the NCMC card
• Adding money to the NCMC card

Banking

• Scheduling transactions
• Transferring funds
• Opening or closing recurring and fixed deposits
• RTGS / NEFT / IMPS transfer

UPI

• Enabling or disabling UPI
• Fixing a transaction limit with UPI
• VPA payment

My Accounts

• Details of account information
• Mini statement
• mPassbook

Adding SBI Beneficiary with YONO SBI Lite

• Open the YONO SBI app
• Visit Settings
• Choose Profile Management
• Select Add / Manage Beneficiary
• Enter your profile password and click Submit
• Choose the Add option
• Choose State Bank Account and enter the account number
• Set up the amount that has to be transferred to the beneficiary, click Submit
• Confirm all the details and click Submit
• Enter the OTP that you have received on the registered mobile number, tap Submit

Withdrawing Money from SBI ATM with YONO App (Without Debit Card)

• Visit the nearest ATM or any YONO cashpoint
• Log into the YONO App with the PIN
• Visit the YONO Pay option
• Choose YONO Cash
• Put a request to withdraw cash
• You will get a 6-digit verification code that is only valid for the next 30 months
• At the cashpoint or ATM, select Cashless Withdrawal
• Use that verification code as the PIN to enter, and you will receive the funds

YONO Business

Apart from all the talked-about features of YONO SBI so far, this app also enables businesses to plan, manage and grow their corporate finances within a few taps. Thus, it is quite safe to say that YONO Business offers an array of benefits and features to corporate people as well.

Corporate Internet Banking (CINB)

The app allows you to accomplish standard corporate banking requirements. This feature helps you execute your business with much convenience. Some of the key advantages of CINB are:

• Managing banking services anywhere, anytime
• Safe and secured online banking with a multi-layered security system
• Ability to pay instant Taxes to the state and central government
• Ease of creating and maintaining users and setting transaction guidelines

Cash Management Product (CMP)

Cash Management Product is a significant payment portal solution that helps companies to Handle and regulate their payment methods. Adequate for entities, individual government agencies and businesses, this framework enables the fund use by means of collection methods and payment method. Its key features are:

A variety of payment services enabling you to execute bulk purchases via different platforms

• Helps to accept different payment methods, like demand drafts, NEFT, RTGS, cheques, and intra bank transfers
• Perform cheque clearance and e-collection through Virtual Account Number (VAN)
• A stable and fast transition process to boost Efficiency

Supply Chain Finance (SCF)

With the Business Supply Chain Finance mechanism of SBI, you get to optimize the cash flow. Here, you can interact with your supply chains, such as purchaser/supplier or retailer/vendor. You also get to regulate your daily purchases with sellers and suppliers as well. Apart from that, you can carry out other functionalities too, such as:

• Transact with suppliers and vendors through this all-in-one solution
• Use the electronic financing schemes
• Make the most out of this reliable online B2B supply chain financing platform
• Initiate quick transactions, collections as well as consistent transaction management

e-Forex

The foreign-exchange portal of SBI YONO Business allows you to submit book and quotations for trades that are relevant to international trading. This product is for small-sized and medium-sized enterprises for conducting transactions.

With this platform, you can mitigate and control current movements as well as the possibility of Market Volatility. Its features are:

• Anytime, anywhere navigation of the eForex platform
• Instant, real-time forex rate prices to make a decision
• Daily live market updates on foreign currencies
• Improved authorization and security of transactions

E-Trade

The E-Trade program of SBI business is one unique network that helps rising companies to undertake foreign trading and accomplish funding for short to mid-time. You get to handle multiple trading transaction with minimum document process and quick turnaround time. To understand this more, here are some additional features:

• Access the requests of trade finance transactions, like external and inland remittances, letter of credit Import, issuance of bank guarantee and more
• The faster turnaround time to close trade transaction requests
• Trade MIS to get details relevant to internet trading
• Stay protected against volatility with deferred contracts in the exchange rate

SBI YONO Helpline Number

SBI's 24X7 toll free helpline numbers: 1800 11 1101

Frequently Asked Questions

1. Is it possible to pay credit card bill with SBI YONO?

A: Yes, you can easily pay the credit card bill by visiting the My Credit Cards section in the app.

2. How can I apply for an SBI card with the app?

A: To apply for an SBI card with the YONO app, visit the SBI Credit Card page, choose Browser Cards option and then select the card that you wish to apply for.

3. What to do if I face an issue?**

A: If you face any issue with the app or in general, you can raise a dispute by calling the helpline number – 1860-180-1290 or 39-020202. You can even send an email at chargeback@sbicard.com.

4. Is this app available to international users?

A: You can use this app internationally only if you have an SBI account. A unique activation password will be received on the registered mobile number that you can use to activate this app.

5. What can I do if a transaction gets declined?

A: In the case of a declined transaction, kindly contact the SBI customer support team.