The State Bank of India (SBI) has developed the Yono app, a mobile banking app.
The app offers a variety of financial and banking services, making it an all-in-one solution for all your banking needs.
It was designed to be easy to use, even for non-tech-savvy users.
In this blog post we will be discussing the benefits and features of the Yono app, and how it has changed the way people bank.
What is the Yono App?
Yono is an acronym that stands for You Only Need One.
The app was created to provide a variety of financial services and banking options in one location.
The app is a digital solution that allows users manage their finances via their smartphone.
The app allows users to access their SBI accounts and transfer funds. They can also pay bills, buy insurance, invest in mutual funds, and make payments.
Yono App Features –
⇒ Yono App for Account Management: Users can easily manage their SBI accounts with the Yono app. You can view your account balance and transaction history. You can also request a new ATM card or cheque book.
⇒ Mobile Banking: This app provides a variety of mobile banking services, including bill payments, fund transfers, and online shopping.
⇒ Investments: Yono offers investment options, including fixed deposits and mutual funds.
⇒ Insurance: The app provides a variety of insurance products including motor insurance, life insurance, and health insurance.
⇒ Personal Finance Management: This app features a feature that allows users track their expenses and manage budgets.
⇒ Loan Management: Users can apply for loans, view loan account details and pay their loan EMIs.
Yono App Benefits –
⇒ Convenience: Users can access a variety of financial services and banking options in one app, which makes it easy to manage their finances.
⇒ Saving time: Users can save time by using the Yono app to quickly and easily complete their banking transactions.
⇒ Safe and Secure: This app has the most recent security features to protect financial information.
⇒ The app is cost-effective: Many services are offered at lower rates than traditional banking methods and can be used to save money.
⇒ User-Friendly Interface: The app is designed with a user-friendly interface that makes it easy for even non-tech-savvy users to navigate.
Step by step Guide: How to use Yono?
Here’s a guide to how to use Yono.
Step 1: Download the Yono App and install it
Yono is free to download for both Android and iOS.
Search for the Yono App in the Google Play Store and Apple App Store.
Then, download it and install it on the smartphone.
Step 2: Sign up on the Yono App
After you have installed the app, click on “New user registration” to open it.
Enter your mobile number and the app will send you an OTP to your registered number.
To verify your mobile number, enter the OTP and create a 6-digit Mobile Personal Identification Number (MPIN) to complete registration.
Step 3: Log in to the Yono App
After registering, open the Yono App and log in using your mobile number.
To login, you can also use your SBI Internet Banking username or password.
Step 4: Explore the Features
After logging in, you will be able to explore the many features of the Yono app such as:
⇒ Account management: View your account balance and transaction history. You can also request a new ATM card or cheque book.
⇒ Mobile banking: With the app, you can transfer funds, pay bills and shop online.
⇒ Investments: Mutual funds, fixed deposits and other investment products are available.
⇒ Insurance: Through the app, you can buy life insurance, motor insurance, or health insurance.
⇒ Personal finance management: Track your expenses and manage you budgets.
⇒ You can manage your loans: Apply for loans, review your loan account details and pay your loan EMIs.
Step 5: Use the services
Click on the appropriate option to use the service. Follow the steps on the screen.
To transfer funds, click the “Fund Transfer” button.
Select the account you wish to transfer funds from, enter the details of the recipient, and then confirm the transaction.
Step 6: Secure your Account
When using the Yono app, it is crucial to protect your account.
Keep your password and MPIN private and don’t share them with anyone.
To ensure secure and quick login, you can enable biometric authentication.
Conclusion
The Yono app has been a revolution in the financial and banking industry.
The app offers many services all in one, making it an ideal one-stop-shop to fulfill all your banking needs.
It is easy to use, efficient, cost-effective and safe. The Yono app is a revolutionary tool that has revolutionized the way people manage their finances and bank.
Other Related Links:-
⇒ How to Secure Your Account from UPI Frauds
⇒ What is Electronic Payment System its Advantages & Disadvantages.
