Now Open SBI Savings Account Without Visiting Any Branch
Here we come with a new IMP News on our informative blog site knowing steps360. The country's largest government bank State Bank of India (SBI) Friday launched a video KYC-based account opening facility on its mobile banking app - YONO 2021. India's largest lenders said this new facility will help customers to open an account with SBI without going to a bank branch. The bank said this digital initiative powered by Artificial Intelligence (AI) and Facial Recognition Technology is a contactless and paperless process.
Commenting on the new facility
SBI Chairman Dinesh Khara said, "In the current situation, we are very happy to announce the facility of opening online savings bank account." The video KYC facility is one step ahead to ensure customer safety, financial security, and cost-effectiveness.
To avail of this new facility, one needs to download and install the YONO App, then click on ‘New to SBI’, and select ‘Insta Plus Savings Account’. They will have to enter their Aadhaar details in the app and once the Aadhar authentication is complete they will have to input personal details and schedule a video call to complete the KYC process. On successful completion of Video KYC, the account will be automatically opened. Hence, customers can open new SBI savings account without having to visit the bank branch.
Here is how you can open your online savings account:
1) Download the YONO app on your phone
2) Click on ‘New to SBI’, and select ‘Insta Plus Savings Account’
3) Then, the customer needs to enter their Aadhaar details in the app
4) Once the Aadhar authentication is complete, the user needs to input personal details
5) Then, the customer has to schedule a video call to complete the KYC process
6) On successful completion of Video KYC, the account will be automatically opened.
*** Dinesh Khara, Chairman, SBI says, “The launch of online Savings Bank account opening facility which is much necessary for the current pandemic situation. This is a step ahead to ensure customers’ safety, financial security, and cost-effectiveness. We believe this initiative will add a new dimension to mobile banking and empower customers to go digital for their banking needs. This development is yet another proof of our commitment to a digital India.”
YONO was launched in 2017
The YONO app launched in November 2017 has had 8 crore downloads and has more than 37 million registered users. SBI has partnered with more than 100 e-commerce companies in more than 20 categories on the YONO platform.
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