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SBI YONO Savings Account  - Insta/ Digital

SBI YONO Savings Account - Insta/ Digital

SBI YONO Savings Account - Insta/ Digital

Account Opening Charges

0

Minimum Balance

0

Interest Rate

3.5%

Debit Card

A personalised Rupay Debit Card is issued in this account

 

Product Features

  • It will be a singly operated account only. Nomination is mandatory in the account
  • The account is opened on OTP based e-KYC of Aadhaar; and requires full KYC to be done by visiting a branch of Bank
  • Insta Savings account can be converted to Digital Savings Account or Regular Savings Account within 1 year
  • Branch selected by the customer will be Home Branch for the account
  • Closure of Account by the Customer: The Digital Savings account can be closed only by making a written request at the home branch only
  • This account is not available for existing customers of the Bank

Offers & Discounts

  • No minimum balance requirement
  • Free RuPay card for Insta account & Personalised Debit Card for Digital account
SBI YONO is providing app based financial services. One of the services provided by SBI YONO is instant Savings Account. This account can be opened instantly online and comes in two variants

SBI YONO (YOU ONLY NEED ONE), the digital banking platform of SBI Bank is providing app based financial services.  One of the services provided by SBI YONO is instant Savings Account. This account can be opened instantly online and comes in two variants as mentioned below: 

Insta Savings Account:

  • Paperless account opening
  • Instant account activation
  • Rupay debit card
  • Aggregate balance up to Rs. 1,00,000
  • Annual transaction up to Rs. 2,00,000
  • No Minimum balance charges till 31st March 2019   

Digital Savings Account

  • Paperless account opening
  • Single branch visit required
  • Free personal accident insurance cover
  • Personalized platinum debit card
  • If the employer has salary package tie up with SBI, Convert to zero balance salary account

SBI YONO Digital Savings Account can be opened by any individual fulfilling the following criteria:

  • Should be Indian Resident with age > 18 years
  • Should have valid PAN Card and Aadhaar Card along with active mobile number registered in their name. These details will be used in KYC Process 
  • Applicant should have a smart phone along with an active email address
  • Only one SBI Digital Savings Account can be opened by an individual at any given point of time
  • Accountholder needs to download YONO by SBI app on their smart phone. Only one Digital Savings Account can be opened from one Mobile Phone / Device

State Bank of India is a Fortune 500 company and the largest bank in India with over 24,000 branches and 59,000 ATMs.

With their vast infrastructure, market penetration and customer base, they aim to be the bank of choice for a transforming India.

24*7 Helpline numbers: 1800 11 2211, 1800 425 3800, 080 26599990

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