The country’s largest public sector bank, State Bank of India (SBI), has launched the YONO 2.0 app, further strengthening its digital platform. With this new version, mobile banking and internet banking facilities will now be available to customers on a single platform. The bank says that this app will make the banking experience of customers simpler, faster and more secure than ever before.
SBI’s YONO (You Only Need One) app is already among the most popular digital banking apps in the country. With the launch of YONO 2.0, the bank has completely upgraded it. Now customers will not need to visit different apps or websites. Fund transfer, balance check, bill payment, investment, loan and other banking services can be availed through a single login.
KYC process became even easier
The biggest feature of YONO 2.0 is its simple and fast KYC process. The bank has made KYC completely digital, so that new customers will no longer need to visit the branch again and again. The facility of video KYC, document upload and verification has been provided through the app. This will especially benefit young customers and people living in remote areas.
Better user interface and security
SBI has introduced a new and modern user interface in YONO 2.0, making the app easier to use than before. Along with this, the bank has further strengthened the security standards. Features like multi-factor authentication, biometric login and real-time fraud alerts will ensure customer security.
Digital India will get strength
According to SBI officials, YONO 2.0 aims to promote digital banking in the country and encourage customers to do cashless transactions. The app will not only provide banking services but will also serve as an all-in-one platform for e-commerce, insurance, investments and other financial needs.
Crores of customers will benefit
Currently crores of SBI customers are using YONO app. With YONO 2.0, the bank hopes that digital transactions will further accelerate. This initiative will not only save customers’ time but will also make the banking system more efficient.
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