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    Mastering Convenience: Exploring the Features and Benefits of SBI Mobile Banking

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    By on Business

    With the help of the digitalisation of banking services, SBI tries to provide its customers with ease to transact and avail of its services from any part of the world. There are plenty of services that SBI customers can avail of, and mobile banking is one of them. Mobile banking helps users to access banking services from anywhere in the world. Some of the SBI Mobile Banking Apps are SBI Yono, SBI Quick, SBI Anywhere Personal – Corporate, SBI Finder, SBI Pay, SBI Buddy, Secure OTP and YONO SBI Lite. 

    The full form of YONO is You Only Need One. It is an attempt driven by SBI to combine all its joint ventures under one roof with the help of digital technology via mobile banking and net banking. All the products and services of the bank, like bank accounts, cards, mutual funds, life insurance, general insurance and securities, can be accessed through this app and website.

    Banking Services offered by SBI Yono

    • Manage Your Accounts:
    • Balance Enquiry: You can check your savings and current account balance using the YONO App.
    • Mini Statement: Get details of your recent transactions made in savings or current accounts.
    • Loan Accounts: Get details of recent transactions made in your loan accounts.
    • Deposit Accounts: Get details of recent transactions made in your deposit accounts.
    • PPF Accounts: Get details of recent transactions made in your PPF accounts.
    • mPassBook: Get a passbook for transactions and PPF accounts.
    • Transfer Your Funds:
    • Self-Accounts: Transfer funds to your own bank accounts.
    • Third-Party Accounts: Transfer funds to third-party accounts within SBI.
    • Other Bank Accounts:
    • NEFT: Fill out the SBI NEFT Form to transfer funds to accounts in other banks.
    • RTGS: Fill out the SBI RTGS Form to transfer funds to accounts in other banks.
    • IMPS: Transfer funds using IMPS with MMID and beneficiary’s mobile number.
    • Quick Transfer: Transfer funds instantly without adding a beneficiary.
    • Status enquiry: Enquire about the status of funds transfer
    • Manage Your Deposits: 
    • Fixed Deposits: Open Fixed Deposits
    • Recurring Deposits: Open Recurring deposits
    • Premature Closure: It allows the closure of FD or RD before the due date
    • Enquiry of Deposits: Make enquiries with Yono related to deposits

    • Manage Your Recharges:

    • Mobile Recharges
    • DTH Recharges
    • Top-Up of e-wallets
    • Top-Up of PrePaid Cards

    • Manage Your Bill Payments:

    • Pay the bills for registered as well as unregistered billers.
    • Pay landline bills or mobile bills without registration
    • Make credit card bill payments.
    • Make insurance premium payments.

    • Request for services:

    • IMPS OTP
    • Get MMID
    • Cancel MMID
    • Request for a new Cheque Book
    • Link Aadhar with your bank account
    • Make TDS Enquiry

    How do you register for SBI Mobile Banking Services?

    Mentioned below are the different ways to register for SBI Mobile Banking:

    • Via SMS:

    Step 1: Send an SMS “MBSREG” to 9223440000/9223567676.

    Step 2: An SMS will then be received containing the User ID and MPIN on the registered mobile number.

    • By Visiting SBI ATM:

    Step 1: You should first visit your nearest SBI ATM.

    Step 2: Tap on “Mobile Registration”. 

    Step 3: Provide the mobile number registered with the bank. 

    Step 4: An SMS will be received to confirm registration.

    Step 5: SBI mobile banking is now available.

    • By Visiting Branch:

    Step 1: Visit the home branch of SBI.

    Step 2: Fill out the SBI mobile banking registration form.

    Step 3: Now, submit the filled-up form to get approval.

    • Via Mobile App:

    Step 1: Open the Google Play Store or Apple App Store on your smartphone.

    Step 2: Download “SBI Yono App” or “YONO Lite SBI”.

    Step 3: A login screen can then be seen after downloading the app.

    Step 4: At the end of the screen, click on the option “Existing customer”.

    Step 5: Complete the 3-step registration process and then click continue.

    1. Set the User ID and password to get the Reference number.
    2. Visit the branch to get your User ID and password activated.
    3. Explore YONO.

    Step 6: Under the option “Account Details”, enter your bank account number along with the date of birth.

    Step 7: The home branch address will then be displayed on the screen. You can visit the same or any other branch to get the services activated,

    Step 8: Click on ‘Next” to continue.

    Step 9: Enter the 6-digit OTP received on the registered mobile number. 

    Step 10: Review the customer details.

    Step 11: Choose the Transaction Rights depending on the type of transaction rights required from the options provided. The options are as follows:

    1. View rights
    2. Limited rights
    3. Full rights

    Step 12: Enter the User name that you desire to set to check whether the same is available or not. 

    Step 13: Enter the temporary password twice, and then click “Confirm”.

    Step 14: A reference number will then appear on the screen.

    Step 15: Now, visit the chosen branch within the next 7 days of activating the username.

    Step 16: An activation code will be received on the mobile number registered with the bank and email address once the username is approved by the bank.

    Step 17: Now, open the Yono app and tick the option “I have Activation Code”.

    Step 18: Provide the username and password along with the activation code and referral code (optional). 

    Step 19: The registration process will then be completed. 

    Step 20: On clicking the option “Go to Yono home”, you will be asked to change the password.

    Step 21: Enter the desired new password twice. Click on “Change Password”.

    Step 22: Set a 6-digit MPIN. 

    Step 23: Provide the acknowledgement of acceptance of the terms and conditions and then click “Next”.

    Step 24: Set a permanent 6-digit MPIN. 

    Step 25: Enter the OTP received on your registered mobile number to proceed further. Click “Next”.

    Step 26: The registration process is now completed.

    How do you log in to SBI Mobile banking?

    Mentioned below are the steps to make a login to SBI Mobile Banking:

    Step 1: Launch SBI YONO or YONO Lite on your smartphone.

    Step 2: Log in to the app using the 6-digit MPIN that has been set up at the time of registration.

    Step 3: Also, the other option to log in can be used, i.e. with the help of a Username and password.

    Step 4: The app can now be accessed.