SBI YONO Insta Saving Account, SBI Zero Balance Savings Account
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Open a savings bank account in 5 minutes with SBI YONO App. Insta Saving Account is a zero-balance bank savings account offered by the State Bank of India. You can open this account from home using Aadhaar & PAN Card details. So let’s discuss its features & offers.
Read More – DCB Happy Savings Account
Features and Benefits of Insta Saving Account
Listed below are the various features and benefits of SBI YONO Insta Saving Account:
- Zero minimum balance requirement.
- Zero charges for digital transactions.
- Instant account opening with Aadhaar card and PAN card details.
- The Nomination Facility is available within the Yono App.
- You will get a Rupay Debit Card.
- The maximum balance in the account can be Rs. 1.00 lakh only.
- Total credit summations in a year allowed for the account is Rs 2.00 Lacs.
- Monthly statement available.
Eligibility
You must meet the following eligibility criteria to apply for State Bank of India YONO Insta Saving Account:
- Applicant must be a minimum of 18 years old or above.
- The customer must be a citizen of India.
- Applicant must be a new customer of State Bank Of India.
- The customer must have a valid Aadhaar number and a valid Permanent Account Number.
Documentation
Following documents that have to be submitted to apply for State Bank of India YONO Insta Saving Account:
- PAN Card
- Aadhaar Card registered with mobile number.
- Personal mobile number.
KYC Requirement For State Bank of India YONO Insta Saving Account:
- Customer will have to successfully complete e-KYC through biometric authentication by visiting the home branch within a year of opening his account and have to comply with all other requirements including KYC requirements as may be specified by the bank for Insta Saving bank account.
How to Open SBI YONO Insta Saving Account?
- Visit the Android Play Store on your mobile phone.
- Download and install the SBI YONO App.
- Register using your Aadhaar number, PAN, and other personal details.
- Set up a mobile banking PIN.
- Start using your account immediately.