YONO SBI reaches milestone 20 m registered users

YONO SBI reaches milestone 20 m registered users

Agency News

Kolkata, Mar 5 : State Bank of India’s (SBI’s) path breaking comprehensive digital service platform - YONO (‘You Only Need One’) has now touched the landmark of 20 million registered users. Since its inception in November 2017, YONO has been gaining immense popularity among customers as the platform provides them an all-in-one solution for their banking, shopping, lifestyle and investment needs. In a little over two years, YONO SBI has partnered with more than 100 e-Commerce players across 20 plus categories.

SBI through YONO has come up with various initiatives catering to all categories of customers that include YONO Krishi, YONO Global, YONO Cash, YONO Shopping Festival and the likes. So far SBI has opened over 6.8 million SB accounts on YONO with customers having an option to open Digital Savings Account 24x7 with just 1-time branch visit for KYC.

Through YONO SBI, the Bank is opening 20000 account every day. The YONO Cash has facilitated more than 5 million safe and secure card-less ATM transactions so far from 250000 touch-points across ATMS and merchant outlets. Bank also issued over 1 lakh SBI credit cards via YONO in the last two years. Since its launch, SBI has disbursed 8.70 lac Pre-approved personal loans amounting to Rs.11530.70cr on YONO and disburses around 4,000 loans per day.

Also 3.4 lakh YONO Krishi Agri Gold Loans have been extended so far to the farmer customers. On an average, SBI disburses almost 10,000 YONO Krishi Agri Gold Loans every day. YONO Krishi is also providing Mandi as an Agri-Input marketplace and Mitra as a knowledge hub, which covers farm advisory services, mandi prices for different commodities and weather updates.(UNI)