State Bank of India (SBI) offers several types of bank accounts that don't require any minimum balance to be maintained by the customer every month. One such SBI account is Insta Savings Account, in which the account holder need not worry about the bank's minimum balance rules. An SBI Insta Savings account can be opened through mobile app YONO. That means a user can open such an account from his or her smartphone, using YONO. 

SBI YONO stands for You Only Need One. This is a digital banking app launched by the State Bank of India (SBI) to be a one-stop solution for banking, lifestyle, insurance, investment, and shopping needs. Various actions can be done through this app including applying for loans, opening a savings account instantly or even shopping online.

SBI YONO provides the largest range of products and services on the move. This app is designed for a unified and seamless experience. 

Things to Know About Opening Savings Account via SBI YONO App

  1. The SBI bank account is opened on a paperless basis, however, the account holder is required to take up full KYC (Know Your Customer) by visiting a bank branch within one year of opening the account. Branch-based transactions are allowed after completion of full KYC, it noted.

  2. Mode of operation: The bank account is opened on a single basis. That means only one customer can hold the bank account.

  3. Minimum balance rules: SBI Insta Savings Account is free from the requirement of monthly average balance till August 31, 2018, the bank noted.s

  4. Who can open an SBI account: SBI's Insta Savings Account can be opened by Indian residents above 18 years of age. The account is for new customers with no existing relationships with SBI.

  5. How to open the SBI account online: SBI's Insta Savings Account is opened through YONO through a paperless process, without requiring the customer to visit an SBI bank branch for activation, according to the bank's website.

  6. Documents required: Users looking to open an SBI Insta Savings Account need to have an Aadhaar with a linked mobile number and a PAN card, it noted.

  7. ATM/cash withdrawal: This SBI account comes with a RuPay-branded debit card free of cost, according to the bank. Customers can use this debit card to withdraw cash from ATMs of SBI group or other banks.

  8. Account balance requirements: In the Insta Savings Account, SBI allows up to Rs. 1,00,000 as aggregate balance at the end of the day. Total annual credit transactions can be up to Rs. 2,00,000, according to SBI.

Steps to Open SBI Account Online Through YONO App

Users can apply for an SBI Insta Savings Account through mobile app Yono or online (through the bank's website). Both the website and the mobile app assist the user in the account opening procedure through a common process.

  1. Once on the SBI Yono website, the user may proceed by filling in details such as email address and phone number and clicking the 'Submit' button.

  2. The website then prompts the user to enter an OTP (one-time passcode). This OTP is a numeric code sent to the user's mobile number. After entering this OTP in the given field, click on 'Submit' to proceed.

  3. As a next step, the user is required to set an application password. This password will be used to log in to the YONO app once the account is set.

  4. After this, the user is asked to confirm certain tax liability dates under FATCA or the Foreign Account Tax Compliance Act. After choosing the correct option, the user may proceed by clicking on 'Next'.

  5. The website then asks the user to authorise SBI to proceed with Aadhaar-based verification to open an account. The user may click on 'Next' to proceed.

  6. After this, an OTP is sent to the user's mobile number registered with Aadhaar. In case the details given on Aadhaar are not updated, YONO asks the user to make the required changes through the UIDAI (Unique Identification Authority of India), the issuer of Aadhaar card.

  7. At this stage, the user is required to enter/confirm personal details such as name, address and date of birth. After this, additional details such as PAN and annual income are fed.

  8. The user is then asked to select a home branch. This branch will be the SBI branch where the account will be located.

  9. Through mobile app YONO, users can also open a Digital Savings Account. Similar to Insta Savings Account, this account is also opened on a paperless basis. The Digital Savings account requires a single branch visit by the customer, according to the SBI website.

End Note

State Bank of India (SBI) has used technological advancement to give its customers the ease of transacting any corner of the world. The bank now offers mobile banking services as well where you can get numerous services through the app. One of the mobile banking apps SBI YONO is the latest offerings by the bank to allow customers the ease of transactions to its customers.


  1. What is “YONO”?

YONO is an initiative by SBI to bring all of its joint venture’s customers through digital technology “YONO Mobile App” and “YONO website”. YONO stands for “You Only Need One”. Using YONO App & website, a customer can integrate all his products & services from SBI bank account, SBI Card, SBI Mutual Fund, SBI Life Insurance, SBI General Insurance, SBI Securities.

  1. Is it mandatory to have an SBI bank account number to use YONO web & app?

Yes, A user must have an SBI bank account number to use YONO Web/App.  A user can log in using ATM card details as well, He needs to keep his registered mobile number with him as OTP would be sent on that number.

  1. Can I delink the cards that I have linked in the app?

Yes. This can be done using the ‘Delink SBI Credit Card’ option. It is possible to link the same card back again at any point of time using the app.

  1. Will I earn reward points on the card? How will it be calculated?

You will earn reward points and how these reward points are calculated will depend on the type of card you hold and the number of transactions made on that particular card.

  1. What are the limitations of SBI YONO App?

Some of the limitations of the YONO app include:

  • Integration with Social Login/Media is missing.

  • The app is slow and takes time to load.

  • Back button/function is missing and it always asks to exit from the app.