Quick Answer: Which Is Better Yono Lite Or Yono SBI?

What is the benefit of Yono SBI?

To eliminate the risks of skimming and cloning, SBI has introduced YONO Cash to facilitate cardless cash withdrawal through the YONO App.

Customers can initiate the cash withdrawal process by installing the YONO App and setting a six digit YONO Cash PIN for the transaction..

Can I use Yono without internet banking?

Yes, A user must have SBI bank account number to use YONO Web/App. A user can login using ATM card details as well, He needs to keep his registered mobile number with him as OTP would be sent on that number.

How do I register my Yono with my ATM card?

Click here to register in 4 simple steps:Click on “Register”. It will redirect you to SBI Cards website.Enter your SBI Card no., CVV no. … Your One Time Password (OTP) will be sent on your registered mobile no. & e-mail id. … Enter your OTP correctly to set your user id & password and complete the registration process.

Does Yono SBI ask for ATM PIN?

MUMBAI: Customers of State Bank of India will no longer require debit cards to withdraw cash from ATM. The state-owned lender announced Friday that the customers can generate a one-time pin (OTP) on their mobile application and use the pin to transact from the bank’s ATM.

Is Yono Lite SBI safe?

SBI claims that they use the best data security mechanism to ensure customer information is not compromised. Like every banking app, YONO is designed to provide all banking services with complete security. Three layer security with profile password, transaction password and OTP ensures the safety of your transactions.

What is the minimum balance in SBI Yono account?

Minimum Balance RequirementMetroRs.3,000UrbanRs.3,000Semi-urbanRs.2,000RuralRs.1,000

Is Yono free?

YONO Cash is a facility introduced by SBI for its customers to help them withdraw money without using their debit cards. It is a card-free transaction.

How much money we can transfer from Yono SBI?

Presently, there is a limit of Rs. 10,000/- per transaction and Rs. 25,000/- daily limit through YONO LITE SBI App.

Which app is best for SBI internet banking?

Best Apps For SBI Customers For Easy BankingState Bank Anywhere. … SBI mVISA. … SBI No Que. … State Bank mCASH. … State Bank Samadhan. … SBI Card. … State Bank Anywhere Corporate. … State Bank Anywhere Saral. Saral is State Bank of India’s corporate internet banking based application for Business entities on android smartphone.More items…•

Which Yono app is best?

No doubt these are one of the best apps of SBI Mobile Banking. Both are the official apps of State Bank of India….SBI Yono Features.FEATURESSBI YonoSBI yono LiteRegister Net Banking (Without ATM Card)YesNoSavings Account OpeningYesNoAccount TransferYesNoNew ATM Card ApplyYesNo29 more rows•Apr 7, 2020

How can I get Yono SBI referral code?

Open SBI Yono App. Login SBI Yono. Go to Menu >> tap on Refer and Earn. You will See your own Referral Code.

What is the difference between Yono SBI and Yono Lite?

Yono SBI – YONO stands for You Only Need One. Apart from Internet banking, it also integrates online shopping, booking travel tickets, investments, etc. … Yono lite – Use your Retail Internet Banking credentials to login or register afresh through the Register > New User option.

What is Yono SBI Lite?

What is Yono Lite SBI? It is State Bank of India Retail banking application offered on Mobile. … SBI Retail Internet Banking Users can download the application from respective application market places and access the application with his/her internet banking username and password.

Does SBI charges for Yono?

From August 1, 2019, there will be zero charges for SBI IMPS, NEFT, RTGS use on net banking, mobile banking and on YONO. Making fund transfer transactions through SBI Online or through YONO or SBI mobile banking will now not cost anything, however, conducting NEFT, RTGS transactions will still cost the user.

What is the transaction limit in Yono?

Rs 10,000At a time the maximum withdrawal limit on YONO cash transactions has been set at Rs 10,000. As a YONO customer, you can make only two such transactions in a day.

What is CIF number in SBI?

Customer Information File (CIF) contains the valuable banking information of an account holder in a digital format. Every file is assigned a unique number which pertains to every bank customer. In the State Bank of India, CIF is an 11-digit number which gives the bank detailed information about a customer.