SBI YONO App – Key Features, Usage, and Benefits

If you appreciate convenience, technology, and smooth banking solutions, you’ve likely come across the SBI YONO app. But if not, don’t worry — you’re in for a treat. YONO, which stands for “You Only Need One,” is the State Bank of India’s flagship mobile banking app. It’s essentially a one-stop solution for all your financial needs, and then some. Ready to dive into what makes this app a must-have? Let’s break it down.

What Is SBI YONO?

Consider YONO to be your all-in-one banking tool. It’s an application created to ease your life by bringing together banking, lifestyle, and financial services into one platform. SBI created YONO to simplify banking, making it quicker and more accessible for all users — whether you’re handling your savings, shopping online, or seeking a loan.

Available on both Android and iOS platforms, the app is packed with features that cater to users of all ages and financial backgrounds. It’s not just a banking app; it’s a gateway to smarter financial management.

Key Features of SBI YONO

Let’s talk about what makes this app a game-changer. Here are the standout features:

Seamless Account Access

With YONO, you can access all your SBI accounts from one place. Whether it’s your savings, current, or loan account, everything is just a tap away. No more logging into different platforms or remembering multiple passwords.

One-Click Banking

The app offers a streamlined interface for everyday banking tasks. Need to check your balance? Done. Want to transfer funds? Easy. Looking to pay bills? Sorted. It’s as simple as a few taps on your screen.

YONO Cash

This feature is a lifesaver when you forget your debit card. YONO Cash allows you to withdraw money from ATMs without needing a physical card. Just generate a cash withdrawal request through the app, and you’re good to go.

Personalized Recommendations

YONO goes beyond basic banking by offering personalized product and service recommendations based on your spending patterns. It’s like having a financial advisor in your pocket.

Loan and Investment Options

Dreaming of a new car or planning for your child’s education? With YONO, you can apply for personal loans, car loans, or even start investments in mutual funds without stepping into a bank.

Shopping and Offers

Here’s where it gets even better. YONO doubles as a lifestyle app, letting you shop from partner merchants and avail exclusive deals and discounts. From groceries to electronics, it’s all there.

Paperless Onboarding

Want to open a new account? Forget the hassle of paperwork. YONO offers a 100% digital onboarding process, making it easy for new customers to join SBI.

Expense Tracking

Stay on top of your finances with YONO’s built-in expense tracking tool. It categorizes your spending and provides insights to help you manage your money better.

YONO Pay

Use YONO Pay for UPI transactions, quick fund transfers, or splitting bills with friends. It’s fast, secure, and incredibly user-friendly.

Prerequisites for YONO Registration

Let’s make sure you’ve got all your ducks in a row before jumping in. Here’s what you’ll need:

1. An Active SBI Account: The app works only if you’re already an SBI customer.
2. Registered Mobile Number: This should be the number linked to your SBI account.
3. Debit Card Details: Handy for verification purposes.
4. A Stable Internet Connection: Don’t let poor connectivity rain on your parade.
5. The SBI YONO App: Download it from Google Play Store or Apple App Store.

How to Register & Use SBI YONO App

If you’re new to the app, getting started is straightforward. Here’s a quick guide:

Download and Register

• Head to the Google Play Store or Apple App Store.
• Download the SBI YONO app.
• Open the app and register using your account details and mobile number linked to your SBI account.
• If you’re registering for the first time, tap on the “Register Now” option. This will kickstart the registration process.
• Select SIM which is registered with the SBI bank account. SMS will be sent for mobile number verification.
• Enter the Account Number and Date of Birth. Click on the Submit Button.
• Enter SBI Netbanking Username and Password for authentication.
• SBI will send a One-Time Password (OTP) to your registered mobile number. Enter the OTP in the app to verify your identity.

Set Up Your Profile

• Create a unique MPIN for secure access.
• Link your accounts to view them all in one place.

Explore the Dashboard

• Once logged in, you’ll see a clean dashboard with all the main features.
• Navigate through banking, shopping, and investment options easily.

Start Banking

• Use the app for transactions, bill payments, or even applying for loans.
• The intuitive interface makes it super simple.

Sometimes SBI YONO App gives a Technical Error. In case you are frequently facing the issue you can contact the branch office. Alternatively, you can also use the SBI YONO Lite App.

How do you add a beneficiary for payment transfer in the SBI YONO App?

1. Open the YONO app and log in.
2. Click on “Yono Pay” and Select “Profile Management“.
3. Click on “Add/Manage Beneficiary” and then enter your SBI Internet Banking Profile Password.
4. Click on the “Submit” button.
5. Now, choose the way you want to pay the beneficiary.
6. Click on “Account Number” and then on “Next” button.
7. Select the Bank Account and click on “Submit account details”.
8. Click on “Next“.
9. Pay Rs 1 to add the beneficiary and submit remarks.
10. Click on “Pay” and then on “Confirm”.
11. Enter the “One Time Password (OTP)” received on your registered mobile number and click “Next“.

Benefits of Using SBI YONO

So why should you download this app? Let’s break it down:

Convenience

YONO eliminates the need for multiple apps and platforms. Whether you’re shopping, investing, or managing your finances, it’s all in one place.

Time-Saving

Gone are the days of waiting in long bank queues. With YONO, you can perform most banking tasks from the comfort of your home.

Cost-Effective

The app offers exclusive discounts and deals through its partner merchants. Plus, you save on travel and other costs associated with visiting a branch.

Secure Transactions

YONO employs advanced encryption and security measures to ensure your data and transactions are safe.

Accessibility

The app is designed to be user-friendly, even for those who aren’t tech-savvy. Plus, it supports multiple languages for a broader reach.

Eco-Friendly

By going digital, you’re cutting down on paperwork, which is a win for the environment.

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.

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.

How to reset my YONO username and password?

To reset YONO username and password follow the below steps.

1. Open onlinesbi.sbi on your browser.
2. Click on ‘Login’ inside the ‘Personal Banking’ box.
3. Click on ‘Continue to Login’.
4. Click on ‘Forgot Username/Login Password’ option.
5. Select “Forgot My Login Password” from the dropdown option.
6. Click on “Next”.
7. Enter details that includes your “Username”, “Account number”, “Country”, “Mobile Number”, “Date on Birth” and “Captcha”.
8. Click on “Submit” button.
9. Enter the “One Time Password (OTP)” and click on “Confirm”.
10. Choose the way you want to reset your password, your card details or your profile password.
11. If you choose “reset by using your profile password”, then enter your profile password.
12. Again, click on ‘Submit’ button.
13. Enter your new login password and then, re-enter to confirm that.
14. Click on ‘Submit’.

How to change the 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 the SBI YONO App?

MPIN refers to Mobile Personal Identification Number and is a code consisting of 4 or 6 digits that must be entered to access the app or prior to completing a transaction on banking and payment applications. MPIN serves as a method of authentication for processing payments, making it essential to update it monthly or quarterly.

To change MPIN for SBI YONO follow the below given steps in the same order.

1. Login to the YONO app using your MPIN or User ID and Password.
2. Choose “Service Requests” from the Menu or simply go to Quick links and click on “Service Request”.
3. Select “Manage PIN” and choose “Change MPIN”.
4. Enter your Net Banking Profile Password.
5. Click on the “Confirm” button.
6. Now, enter you current MPIN.
7. 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.

 Tips for Maximizing Your YONO Experience

1. Update Regularly Keep your app updated to enjoy the latest features and security improvements.
2. Enable Notifications Stay informed about new offers, account activity, and updates by turning on notifications.
3. Explore All Features Don’t just stick to basic banking. Dive into the shopping, investment, and financial planning tools.
4. Secure Your App Use a strong MPIN and avoid using public Wi-Fi for transactions to keep your account safe.

Final Thoughts

The SBI YONO app is a brilliant blend of innovation, convenience, and security. It’s more than just a banking app; it’s a lifestyle companion designed to simplify your day-to-day tasks. Whether you’re a tech enthusiast or someone who prefers simplicity, YONO caters to everyone. So, why wait? Download the app today and experience a smarter way to bank.

FAQs

Is the SBI YONO app free to use?

Yes, the app is completely free to download and use. However, standard charges may apply for certain transactions, depending on your bank’s policies.

Can I use YONO without an SBI account?

No, you need an SBI account to access the full features of the YONO app.

Is YONO Cash secure?

Absolutely. YONO Cash uses unique transaction codes and PINs to ensure secure cardless withdrawals.

Can I link multiple SBI accounts to YONO?

Yes, you can link all your SBI accounts to manage them from a single dashboard.

Ready to make your banking experience effortless? Give YONO a try and see the difference it makes!