SBI online savings account opening without moving out is possible, you just need Aadhaar, PAN card; here is how

ZeeBiz WebTeam | Jun 16, 2020, 05:33 PM IST

SBI online savings account opening: Moving out during the COVID-19 pandemic is not safe. Various banks have realised this and are adapting to the Coronavirus-hit times and innovating various services to help their customers. The State Bank of India (SBI) is also leaving no stone unturned. It has made it possible for people to open digital savings accounts without moving out of their home provided they have an Aadhaar Card and PAN Card.

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SBI YONO App download will make it possible

SBI YONO App download will make it possible

The largest Indian commercial bank is offering ‘SBI Insta Saving Bank Account’ an Aadhaar-based instant digital savings account, for customers who would like to open an account online through the bank's integrated banking and lifestyle platform – YONO. Photo: SBI twitter

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SBI Insta Saving Bank account facilities

SBI Insta Saving Bank account facilities

It will enable customers complete paperless and instant digital savings account opening experience with just PAN card and Aadhaar card number.  The SBI Insta Saving Bank Account holders can have 24x7 banking access. SBI will also issue basic personalized RuPay ATM-cum-debit cards to all the new account holders of Insta Saving Bank Account. Photo: Reuters

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Aadhaar card, PAN card is the must

Aadhaar card, PAN card is the must

So, those who want to open an SBI Insta Saving Bank Account need to download YONO app, enter their PAN and Aadhaar details, submit OTP, and fill other relevant details. The nomination facility is available for SBI Insta Saving Bank Account holders along with SMS Alerts and SBI Quick Missed call service. Once the process is complete, the account holder will get his or her account activated instantly. Photo: Reuters

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Benefits of SBI Yono App

Benefits of SBI Yono App

In this journey of digital transformation and the new normal, the constant endeavor of YONO SBI is to offer its customers a gamut of banking and lifestyle services at their doorsteps with just the click of a button. YONO SBI for the past two years is accepted greatly by the customers. The Platform has now reached global markets with YONO Global in UK & Mauritius. Photo: SBI twitter

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SBI Yono performance till date

SBI Yono performance till date

YONO has also crossed the landmark of 51 million downloads and 23 million registered users in a little over two years. It has partnered with more than 100 e-Commerce players across 20 plus categories. Photo: SBI twitter

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Various other facilities via SBI Yono App

Various other facilities via SBI Yono App

SBI through YONO has also come up with various initiatives which include YONO Cash, PAPL, YONO Krishi and the likes, catering to all categories of customers. Photo: SBI portal