YONO – SBI New Application for Banking Transactions

State Bank of India (SBI) launched comprehensive digital service platform ‘You Only Need One’ also known as YONO (www.yonosbi.com) which is a omni digital platform that offers just about everything related to financial services and lifestyle products or services.

The motive of launching this app is that a customers should be able to avail all the financial services through this channel except depositing or withdrawing cash.

Despite launching digital platform, the bank will continue the need to retain branches. Maybe the size of the outlets may become smaller. But half of our customers are still prefer branch banking. In case of the share of digital transaction to total transaction has risen from 26% last year to 36% this year and ATM transaction has fallen from 44% to 33%.

Get more details on SBI Credit Card Eligibility

Customer can use the application for below categories:

  1. Booking & renting cabs.
  2. Entertainment / Booking Movie Tickets & more.
  3. Dining
  4. Medical
  5. Travel
  6. Hotels & Stay
  7. Special Discounts & Offers by 60+ E-commerce players.
  8. Major Key Players – Amazon, Uber, Ola, Myntra, Jabong, Shoppers Stop, Cox & Kings, Thomas Cook, Yatra, Airbnb, Swiggy and Byjus.