No one would like to open an SBI account by visiting the branch if there is an online facility. In such a situation, SBI and some other Indian banks offer to open a savings account online in various ways.
State Bank digital savings account is one of them, where you don’t need to visit the branch. You can do it in a few steps online as well as through the YONO SBI app.
The easiest way to open an account in SBI is through the YONO app. This account will have a validity of one year, and within one year, you will have to visit the branch once for KYC submission.
After that, it will convert from an instant savings account to a regular savings account. You can then continue with it as a regular savings account in SBI.
So here you have to install the YONO app from the Play Store. The following documents should be ready in your hands during the opening of the SBI digital savings account.
Steps to open a digital savings account via Yono
If you want to know what are the banking steps to open an account online in State Bank, then this guide will help you. The essential documents are…
- Aadhar Card Number
- PAN Number
- Mobile Number
- Email ID
The step-by-step guide to opening an SBI digital savings account is as follows.
1: Open the Yono app; select the ‘New To SBI’ option. On the next screen, tap on Open Savings Account.
2: Select the ‘Without branch visit‘ option on the next screen. Next, tap on Start a New Application.
3: Here, enter your mobile number for OTP, (E-mail optional). Tap on the Submit option. You will get OTP, enter OTP and tap on Next.
4: Now, create the Application password and re-enter. Choose the answer to a security question. Tick the FATCA / CRS declaration box, and select the checkbox for Terms and conditions.
5: Enter your Aadhaar number and submit it on the next screen. Then, enter the OTP, which will be received by SMS on the mobile and tap Next.
6: Here, enter your details and tap on Next. Now, select state, and sub-district and tap on Next. Enter the PAN number and click on Next. The Aadhaar photo will appear here and tap on Next.
7: Select your qualification details and marital status. Enter the full name of your father and mother and tap on Next. Enter the father’s annual income and occupation details—select religious details.
SBI Savings Account Nominee Rules
8: Enter your Nominee details on the next screen. Next, enter the address details of the nominee. Tap on Next.
9: Select the home branch on the next screen and tap on Next. Accept the terms & conditions, and tap on Next. Enter the OTP on the next screen, receive it on your mobile, and tap on Next.
For an SBI debit card, enter your name on the debit card, and tap on Next.
In this way, your SBI account has been successfully opened through the Yono app. You will find your Account Number, IFSC Code, CIF Number, and Branch Code.
Eligibility Criteria
The terms for opening an account in SBI online are as follows.
- Indian Citizen
- New Customer
- Above 18 years
- Yono SBI App
- Smartphone
SBI full-service Savings Account
You need to convert your digital savings account to a full-service KYC account within a year. So, you have to visit the nearest SBI branch within a year for a full-service savings account.
SBI Login Username
The temporary user ID of your account will be received on your mobile during account opening. Then you can create net banking through the temporary username by selecting the New User Registration option.
How many days does it take to get SBI debit card?
You will get the RuPay debit card at your address within 15 days.
FAQs
A: No, the minimum age limit is 18 years.
A: Aadhaar card, PAN card and Mobile number.
A: Yes, it will be valid for a lifetime, but you have to complete KYC by visiting the branch within one year.
