Adding a beneficiary in the SBI YONO App (You Only Need One) is essential if you want to transfer money to another account holder. Without adding a beneficiary, fund transfers above a certain limit are restricted. The process is quick, secure, and requires just a few steps through the YONO Lite or YONO SBI mobile application.

Below is a detailed, accurate, and unique guide to help you add a beneficiary in SBI YONO effortlessly.

Step-by-Step Process to Add Beneficiary in SBI YONO

Step 1: Login to SBI YONO App

  • Open the SBI YONO Lite/YONO SBI App on your smartphone.

  • Enter your User ID and Password or use the MPIN (if enabled).

Step 2: Go to Fund Transfer Section

  • From the dashboard, tap on ‘Fund Transfer’.

  • Choose ‘Add/Manage Beneficiary’ option.

Step 3: Authenticate with Profile Password

  • Enter your Profile Password (this is different from your login password).

  • Tap on Submit to proceed.

Step 4: Add New Beneficiary

  • Tap on the ‘+ Add’ icon available at the bottom right corner.

  • Select the type of account:

    • State Bank Account (for SBI beneficiaries)

    • Other Bank Account (for non-SBI beneficiaries through NEFT/RTGS/IMPS)

Step 5: Enter Beneficiary Details

  • Fill in the mandatory details carefully:

    • Beneficiary Name (as per bank records)

    • Account Number

    • Confirm Account Number

    • Transaction Limit (decide the maximum amount for transfers)

  • Click on Submit.

Step 6: Review and Confirm

  • A preview screen will display the details you entered.

  • Double-check the account number and name to avoid transfer failures.

  • Tap on Confirm & Submit.

Step 7: Verify with OTP

  • You will receive a One-Time Password (OTP) on your registered mobile number.

  • Enter the OTP in the app and press Submit.

Your beneficiary will now be added successfully. It may take up to 4 hours for activation, after which you can start transferring funds.

Important Points to Remember

  • You can add both SBI and non-SBI beneficiaries using the YONO app.

  • Beneficiary activation usually takes up to 4 hours, but transfers to the new beneficiary can be done after that.

  • You can set different transaction limits for each beneficiary.

  • Always verify account details before submitting to avoid failed transactions.

Benefits of Adding Beneficiary in SBI YONO App

  • Hassle-free Fund Transfer – Send money instantly once the beneficiary is added.

  • Secure Process – Profile password + OTP verification ensure safety.

  • Flexibility – Add multiple beneficiaries with different transfer limits.

  • Convenience – No need to visit the branch, everything is digital.

Adding a beneficiary in SBI YONO App is simple, safe, and convenient. By following the above steps carefully, you can quickly set up your beneficiary and enjoy seamless money transfers without any branch visits.

If you want your transactions to be smooth and instant, ensure you add and activate your beneficiaries in advance.