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YONO
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YONO (You Only Need One) is an integrated digital banking platform offered by State
Bank of India (SBI) to enable users to access a variety of financial and other services
such as taxi bookings, online shopping, or medical bill payments.[1] YONO is offered as
a smartphone app for both Android and iOS.

YONO

Developer(s) State Bank of India

Initial release 24 November 2017

Platform Google Play

App Store

Available in English

Type Payment

Website https://www.sbiyono.sbi/

LaunchEdit
YONO was launched on Friday 24 November 2017 by Arun Jaitley, the Finance
Minister of India.
FeaturesEdit
YONO offers services from over 60 e-commercecompanies including online shopping,
travel planning, taxi booking, online education and offline retail.[2]YONO also offers
conventional mobile bankingservices such as bank account opening, fund transfers,
cashless bill payments, and loans.
 ReferencesEdit
1. ^ "SBI launches YONO, an integrated app for financial services". The Hindu. 23 November 2017.
Retrieved 24 November 2017.
2. ^ "SBI's YONO allows instant savings accounts, online loans". The Times of India. 24 November
2017. Retrieved 24 November 2017.

Last edited 9 days ago by Kuru

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 HomeBusiness

State Bank of India Yono App: Open SBI Digital

Account in Less Than Five Minutes
Business NDTV Profit Team

State Bank of India (SBI)'s yono app is a one-stop shop for availing services like
banking, insurance, investments and daily shopping.

Updated : December 06, 2017 09:25 IST

Learn how to open an SBI digital account in five minutes

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State Bank of India (SBI)'s yono app is a one-stop shop for availing services
like banking, insurance, investments and daily shopping. There are two ways
to enroll on the yono app.
New customers can open an instant account if they have Aadhaar and PAN
(permanent account number) cards. However, if you already have an SBI
account, you can use your internet banking credentials to register on the yono
app. In case you do not have an internet banking password, you can create
one by using your debit card. Then you are set to to avail the servies of the
app.
 Ten things you should know about SBI's yonoapp

1. You can open an instant account-a digital savings account in less than five
minutes without leaving your home.
2. You can avail banking, insurance transactions, investments and even
shopping via the SBI yono app.
3. You get personalized a platinum debit card.
4. All transactions are paperless, hence convenient and easy to manage.
5. SBI yono app allows you to access pre-approved personal loans without
any documentation up to Rs one lakh.
6. One can carry out intelligent funds transfer with Unified Payments
Interface(UPI)-enabled payments.
7. By just one click, you can avail the overdraft facility against a fixed deposit
(FD).
8. SBI yono app a marketplace where one can avail discounts and several
offers across a large number of e-commerce merchants.
9. You can access the app even if you do not have an SBI account since you
can open an instant account digitally.
10. You get concession on bank service charges

BANKERS TO DIGITAL INDIA

As the largest bank in India, we are an integral part of

thousands of commercial entities and millions of
personal lives. We have always evolved with the times
to meet new challenges and respond to changing
customer expectations. We recognize that our
customers will be loyal to us only if we respond to
their needs.
People of all generations are increasingly using the internet, social media and
smart phones to do their banking. A large number of people are avid users of the
social media channel. They have access to more information and are becoming
more demanding. They expect an end-to-end consistent experience in their
banking, whether done through a PC, mobile or a tablet.

At SBI, we know that banking is the art of being where the customer is. We realize
that modern banking is about connecting people to their money more quickly and
efficiently than ever before. We are focused on delivering what our existing and
prospective customers want and we remain ahead of the curve in evolving and
embracing a digital business model. The various digital platforms we have created
enable our customers to remain always connected when it comes to their
relationship with us.

SBI has also been a true friend to India’s corporate and institutional bodies. For
many years they have been ardent users of our online banking platforms, which
are continuously evolving to match their advancing needs and requirements.
Today, they trust SBI’s robust online solutions for their day-today transactions,
collections and transfers. This is the result of our perseverance in being current
with digital technologies of the day.

We also know that technology can help us perform better in many ways. A key
initiative is the use of ‘Big Data’ to build better efficiencies and service levels into
our processes. We are amongst the first banks in India to leverage Big Data to
unlock a treasure trove of information to understand our customers’ individual
needs. We are harnessing this information through advanced analytics to create
bespoke offerings and value streams that otherwise would not have been
possible.
Our journey doesn’t just stop at technology adoption. We also recognize that
some of our customers need to be educated on using our digital platforms with
confidence. Our hundreds of learning centres across the country, dedicated to this
cause, are engaging with thousands of people in this endeavour. Going forward,
we will travel the distance to be the most preferred bankers to Digital India.

SBI DIGITAL PRODUCTS

As part of modernization, SBI now has added another 7 digital products to their
customers: SBI Digital Village, SBI Mingle, State Bank Buddy, State Bank Scribe,
SBI Digi Voucher, SBI Video Statement and SBI Smart watch. With these additions,
SBI becomes the "leader of digital products", they claimed. All these SBI Digital
products are available for both rural and urban customers in India.
1. WHAT IS SBI DIGITAL VILLAGE?
SBI Digital Village is a radical initiative by SBI to create a cashless ecosystem in each
village and provide access to Government supported digital initiatives in education,
health, social security and agri-schemes, subsidies and benefits. Initially Digital Village
is being implemented in the select 21 villages across the nation. Further SBI to establish
100 villages under this scheme in various States across the country by 2017.

Through Digital Village, bank can connect people by providing Green channel banking,
ATM Cards, Net banking, Mobile banking, Wallet banking, Self-service pass book
printing machines, Cash Deposit Machines, POS and Micro ATM at the village
locations. It is considered to be the part of Corporate Social Responsibility (CSR)
undertakings aiming to improve the standard of people particularly in villages.

2. WHAT IS SBI MINGLE?

State Bank Mingle is the social banking application of SBI which enables you to perform
basic banking activities through SBI official Facebook page. To get started, users need
to access SBI Mingle from the Official SBI Facebook Page. Once the access to the
page is established, users need to register and then Sign in, in that order.

SBI Mingle gives convenience of banking on Facebook and Twitter through an APP-
based interface. Customers can do all transactions anytime, anywhere just by logging in
to their social media account.
SECURITY ASPECTS OF SBI MINGLE
Social banking channel of SBI is protected by advanced security features, both
physical and logical. SBI has considered various risks inherent in transacting over a
public network such as the Internet, and has deployed appropriate security
measures to protect customers. Firewalls allow only valid web traffic to reach our
server. Proven 256-bit Secure Socket Layer (SSL) encryption technology is
deployed to ensure that the information exchanged between your computer and
dedicated URL over the Internet is secure and cannot be intruded upon. 'VeriSign'
certifies that information exchanged during a valid session is protected during its
transmission over the Internet. Additionally, the bank has installed mechanisms
such as Intrusion Detection Systems.

CONTROL MEASURES OF SBI MINGLE

SBI has set up the following operational and control measures for SBI Mingle
customers:


o Access to Social banking is provided only on registration.

o The User ID and password generation is conducted in a secure environment and

its distribution is automated.

o User ID and Password are generated through OTP, subject to validation.

o Customer can fix the limits on the monetary value of transactions, which they
desire to carry out over this service. The customer alone can modify this.

o For all transactions, second factor of authorization, such as a One Time

Password, is required.
3. WHAT IS STATE BANK BUDDY?
State Bank Buddy is a mobile wallet application that allows to send or ask money from
any of your contacts even if they do not have an SBI account. SBI Buddy is the best in
market-wallet with a unique blend of payment and banking service. State Bank Buddy
has comprehensive collaborations with merchant partners for unparalleled shopping
and payment experience.
Use State Bank Buddy and have the freedom to send money to Anyone, pay bills,
recharge mobile/ DTH, book movie/ flight/bus tickets 24x7 on the move. Anytime
Anywhere!!!

FEATURES OF STATE BANK BUDDY

1.

1. Load money into your wallet

2. Transfer money with your contacts on phonebook or Facebook

3. Recharge your mobile/DTH and pay bills

4. Shop online and book movies, flights and hotels

 5. Transfer money instantly to your bank account

SBI BUDDY SERVICE CHARGES

Service charges for fund transfer through Mobile Wallet SBI Buddy to Bank
Account: 3% + Service Tax on transfer from Buddy to Bank Account using IMPS
(combination of mobile number and MMID or Account Number and IFSC).

TRANSACTION LIMITS ON WALLET WITH NIL

KYC
1.

1. Maximum balance at any point of time: 10,000/-

2. Top up through any channel per transaction: 10,000/-

3. Total reload in a month: 10,000/-

4. Total transactions (merchant transactions and fund transfers) Daily limit: 15,000/-

5. Total transactions (merchant transactions and fund transfers) Monthly limit:

20,000/-

6. Fund transfer (Transfer to Account) Per transaction limit: 2,000/-

7. Fund transfer (Transfer to Account) Daily limit: 2,000/-

8. Fund transfer (Transfer to Account) Monthly limit: 20,000/-

9. Cash out at ATM per transaction: Not allowed

TRANSACTION LIMITS ON WALLET WITH FULL

KYC
1.

1. Maximum balance at any point of time: 50,000/-

 2. Top up through any channel per transaction: 10,000/-

3. Total reload in a month: 50,000/-

4. Total transactions (merchant transactions and fund transfers) Daily limit: 50,000/-

5. Total transactions (merchant transactions and fund transfers) Monthly limit:

1,00,000/-

6. Fund transfer (Transfer to Account) Per transaction limit: 5,000/-

7. Fund transfer (Transfer to Account) Daily limit: 5,000/-

8. Fund transfer (Transfer to Account) Monthly limit: 25,000/-

9. Cash out at ATM per transaction: Presently not available

4. WHAT IS STATE BANK SCRIBE?

SBI Scribe is a unique, first of its kind service. Just fill up the account opening form on
the digital board at the bank and open your account in a jiffy. Walk-in with your KYC
documents, walk-out with an account number.

5. WHAT IS SBI DIGI VOUCHER?

SBI Digi Voucher is a green initiative of SBI that gives you online access to various
challans, transactions slips and forms through an APP. It saves valuable time by
allowing you to pre-complete transaction forms online to get direct access to the teller
counter.

6. WHAT IS SBI VIDEO STATEMENT?

SBI Video Statement is the initiative to view your account statement with spend analysis
and dashboards. It comes with a friendly audio narration for the visually challenged
customers.

7. WHAT IS SBI SMART WATCH?

SBI Smart Watch permit banking through your State Bank Smart Watch. A unique
banking experience that is in tune with the technology of the future.