Yono stands for “You Only Need One”. SBI YONO is a mobile banking application launched by State Bank of India in 2017 that provides access to services including banking, bill payment, investing, insurance etc. The app offers various financial and non-financial services to all SBI clients from one single interface including the option to open a new digital account.
The features of SBI Yono app includes banking services, insurance, investments, shopping, travel, entertainment and dining experiences. The App also provides facilities to apply for a loan, open digital savings accounts and invest your money in mutual funds and stocks.
The benefits of SBI Yono app include fund transfer, payment of bills or loan application at fingertips. You have option to perform all your banking requirements 24×7.
The registration process for Yono app starts with the downloading of the app and then signing up for the account. An existing SBI customer also get option to sign up for the Yono account.
For Yono app password reset, select the ‘forget password’ option on the login screen of the app and follow the prompts or call the SBI customer care.
What is SBI Yono app?
The SBI yono app is a mobile banking app from the State Bank of India that offers a variety of financial services such as banking, payments, investment and shopping.
You get the option to manage all your accounts with SBI and use financial services including SBI Card, SBI Mutual Fund, SBI Life Insurance, SBI General Insurance, and SBI Securities with this SBI app.
It is important to note that to use the Yono app, you must have an SBI bank account number, registered mobile number with the bank, and details of the ATM card.
According to The Economic Times article titled “SBI launches fully revamped YONO app; to have UPI features like scan & pay”, Yono SBI has gained more than 6 crores of registered users and around 78.60 lakh savings accounts were opened in SBI in financial year 2023 on the YONO SBI digital platform alone.
What are the features of SBI Yono app?
The features of SBI yono app includes account management, fund transfer, bill payment, mobile recharge, check account balance, transactions, and view account statements.
The features of SBI yono app are given below.
- Payments: The payment option includes UPI transactions, fund transfers and QR code scanning.
- Security: The Yono app offers security with fingerprint login, independent 6- digit MPIN setting, and encryption.
- Accounts: A SBI customer have option to integrate several SBI bank accounts, get account information and bank statements.
- Shopping: The apps provides exclusive discounts and offers for SBI customers.
- Loans: Pre- approved personal loan offers exclusively designed to meet the customer needs.
- Investments: The easiest way to open investment account to invest in mutual funds and SIPs.
- Emergencies: The apps also provides easy cheque book request submission and ATM card.
- Personalisation: SBI also use data analytics and AI-based recommendation engines to provide offers that best fit the user needs.
- Chatbot: The SBI chatbots help customers with their banking questions and answer almost all queries to the point.
On 16th March 2019, SBI launched YONO Cash, a unique feature available on the YONO platform (both on the App as well as the online portal) that enables an SBI account holder to withdraw money instantly using SBI ATMs and SBI Merchant POS terminals and Customer Service Points (CSPs) within India without the use of a physical card.
To use the YONO cash feature, a YONO user only needs to login to the YONO app and use the YONO Cash feature to generate a reference number and create a dynamic PIN for the cash withdrawal. The SBI customers have to use the same PIN to complete the transaction and withdraw cash ATM, POS terminal or CSP.
What are the benefits of SBI Yono app?
The benefits of SBI Yono app includes easy access to mobile banking services, advanced encryption security, discounts on e-commerce merchants, pre-approved personal loans, opening of digital savings account in less than 5 minutes, UPI, bills, and auto payments set up and ATM withdrawals without using debit card.
The details of all the benefits provided by SBI Yono app is listed below.
- Mobile banking services: The SBI Yono app provides access to SBI accounts, funds transfer, balance check, and fixed deposits and recurring deposits managements at the fingertips.
- Advanced encryption security: The Yono app uses advanced encryption security that have multiple security layers, including biometric login, a unique 6-digit MPIN, and advanced encryption.
- Discounts on e-commerce merchants: The app also provides amazing shopping experience with exclusive discounts and offers for SBI customers at various e-commerce merchants.
- Pre-approved personal loans: The Yono app also provides pre-approved personal loans up to Rs. 1 lakh without any documentation within 2 minutes.
- Opening of digital savings account in less than 5 minutes: With Yono SBI, a person have the option to open a digital savings account in less than 5 minutes at home.
- UPI, bills, and auto payments set up: You get the option to do UPI payments, pay bills, and set up auto payments with Yono app.
- Easy complaints request: Yono provides easy to raise a complaint option against SBI bank products and services.
- ATM withdrawals without using debit card: The Yono app user have the option to withdraw cash from the SBI ATMs without using the debit card.
Can I add a beneficiary in Yono SBI?
Yes, you can add a beneficiary in yono SBI which gets added within 24 hours. The steps to add beneficiary is given below.
- Open the YONO app and log in.
- Click on “Yono Pay” and Select “Profile Management“.
- Click on “Add/Manage Beneficiary” and then enter your SBI Internet Banking Profile Password.
- Click on “Submit” button.
- Now, choose the way you want to pay the beneficiary.
- Click on “Account Number” and then on “Next” button.
- Select the Bank Account and click on “Submit account details”.
- Click on “Next“.
- Pay Rs 1 to add the beneficiary and submit remarks.
- Click on “Pay” and then on “Confirm”.
- Enter the “One Time Password (OTP)” received on your registered mobile number and click “Next“.
How to register or activate SBI Yono app?
To register or activate SBI Yono app, follow the below given steps.
- Send an SMS with the text “MBSREG” to 9223440000 or 567676 from your registered mobile number.
- You receive a temporary User ID and default MPIN on you mobile number.
- Download the SBI YONO or SBI YONO Lite app from Android or Apple app store.
- Open the app and log in using the User ID and MPIN.
- Now, change the default MPIN with a new one.
How to set a username in SBI Yono?
Setting up username in SBI Yono provides access to all the banking service through your phone. The steps to set up username in SBI yono is given below.
- Download the “Yono App“, open it and click on “New User Activation“.
- Select “Cash Management Product” in yono.
- Click on “submit”.
- Enter the temporary userid received on your registered mobile number.
- Select Account number or Corporate ID.
- Enter the required details and captcha.
- Click on ‘GO’.
- After the registration process is completed, change your temporary user ID to a new one.
- Enter the OTP sent to your registered number.
- Validate the OTP. A new Security Questions page opens.
- Answer any five questions out of the 15 available questions.
- Now, enter the new user ID and click on “submit”.
What to do if you have forgotten Yono SBI username and password?
If you have forgotten Yono SBI username and password, reset the username and password easily through online banking without visiting a branch.
Resetting username and password online is relatively easy to do online rather than visiting a bank branch. However, the option to call SBI’s 24×7 helpline is also available for SBI customers. The SBI help line numbers are 39 02 02 02 (prefix local STD code), and 1860 180 1290.
How to reset Yono username and password?
To reset yono username and password follow the below steps.
- Open onlinesbi.sbi on your browser.
- Click on ‘Login’ inside the ‘Personal Banking’ box.
- Click on ‘Continue to Login’.
- Click on ‘Forgot Username/Login Password’ option.
- Select “Forgot My Login Password” from the dropdown option.
- Click on “Next”.
- Enter details that includes your “Username”, “Account number”, “Country”, “Mobile Number”, “Date on Birth” and “Captcha”.
- Click on “Submit” button.
- Enter the “One Time Password (OTP)” and click on “Confirm”.
- Choose the way you want to reset your password, your card details or your profile password.
- If you choose “reset by using your profile password”, then enter your profile password.
- Again, click on ‘Submit’ button.
- Enter your new login password and then, re-enter to confirm that.
- Click on ‘Submit’.
How to change Yono SBI password?
The steps to change SBI Yono password is given below.
- Open onlinesbi.com on your browser and click on “Forgot login password”.
- Click on the “Next” button, in the pop up window.
- Provide the information that include your username, account number, country, mobile number, date of birth and the captcha code.
- Click on “Submit”.
- Confirm by entering the one time password (OTP) that you received on your registered mobile number.
- Enter your “new password” and click on the “Submit” button.
How to change MPIN in SBI Yono app?
MPIN stands for Mobile Personal Identification Number and is a 4 or 6-digit code that needs to be entered to login to the app or before making a transaction on banking and payment apps. MPIN acts as an authentication process for making payments and therefore, it is important to change this on a monthly or quarterly basis.
To change MPIN for SBI Yono follow the below given steps in the same order.
- Login to the YONO app using your MPIN or User ID and Password.
- Choose “Service Requests” from the Menu or simply go to Quick links and click on “Service Request”.
- Select “Manage PIN” and choose “Change MPIN”.
- Enter your Net Banking Profile Password.
- Click on the “Confirm” button.
- Now, enter you current MPIN.
- Enter the “New MPIN” and click on Confirm.
Your SBI Yono MPIN is now changed and you have to use the new MPIN for login to the App or make the transactions.
How do I enable domestic e-com transaction on SBI debit card through SBI yono app?
To enable domestic e-com transactions through on SBI debit card through SBI yono app, login to the app and go to “Manage Card” to modify the debit card transaction usage. The steps to enable or modify the e-com transaction on debit card is given below.
- Login to SBI Yono App and choose Service Request.
- Select the debit card.
- Input the online banking password and click on Submit button.
- Choose “Manage Card” and then select on “Manage Usage.”
- Modify the shopping transactions and use, within the country (domestic).
- Enter the One Time Password (OTP), then click on the Submit button.
How to withdraw cash from an SBI ATM without a debit card using Yono SBI?
To withdraw cash from an SBI ATM without a debit card using Yono SBI, navigate to Yono Pay option and select ATM option for withdrawal. The detailed steps to withdraw cash from SBI ATM using Yono app is given below.
- Login to the Yono app.
- Click on Yono Pay option and select Yono cash.
- Set the MPIN for future login.
- Choose the ATM option and enter the amount you wish to withdraw.
- A cash transaction number with 4 hours validity is sent to the registered mobile number with the bank.
- Visit a nearby State Bank of India ATM.
- Choose YONO cash from the ATM display.
- Type in the reference code together with the YONO cash PIN.
- The requested amount is withdrawn from the ATM. You will also receive an SMS confirmation for the cash withdrawal on your registered mobile number.
Can I check personal loan eligibility in SBI Yono app?
Yes, you can check personal loan eligibility in the SBI yono app by visiting the pre approved loan offer section inside the app. To check the personal loan eligibility in SBI yono app, first login to the Yono app and choose the pre approved loan offer. Enter the pan card number and date of birth for validation. The app shows the pre-approved loan details on the screen.
You also have option to check personal loan eligibility in the SBI yono app using SMS. For this, send the text message PAPL [space] last four digits of account number to 567676.
Can I get a 6 months bank statement from yono sbi?
Yes, you can get a 6 months bank statement from yono sbi by selecting the date range for the statement and then downloading it. Login to yono sbi app > go to the accounts > choose the account number > select the date range and then click on download to get the bank statement.
What does it mean by yono sbi referral code?
A Yono SBI referral code is a personalized invitation code that allows you share the app with friends and get rewards while helping SBI connect with new customers. The SBI referral code is made up of letters and numbers that are unique, for each person who joins the referral program.
When a fresh user signs up using the referral code for the first time, the referrer and the new user both get Rs 150.
Can I apply for a car loan through YONO SBI?
Yes, you can apply for a car loan through yono SBI. To apply for a car loan through SBI you need to login to the yono app and go to the loan section.
The steps to apply for a car loan through SBI Yono app is listed below.
- Choose the car loan option from the loan section in the app.
- Perform the quick eligibility check.
- Fill the form with necessary details and upload the documents.
- Submit the application.
What is SBI mobile banking transaction limit?
The SBI mobile banking transaction limit is ₹1 lakh for Unified Payments Interface (UPI) and ₹5 lakh for IMPS transaction. The UPI allows up to 10 transactions per day under this limit, whereas for IMPS transactions have a daily limit of ₹10 lakh.
The transaction limits are set in order to promote safe financial management among SBI customers while giving a way to meet flexible banking needs.
