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YONO Business SBI
SBI, or the State Bank of India, is one of India's most popular and trusted banks. The bank constantly updates its services, making it accountable to its customers. During the Digital Revolution, SBI launched banking services such as online banking, mobile banking, etc. Let's take mobile banking, for instance; SBI uses SBI Quick, SBI YONO, BHIM SBI Pay, and more under mobile banking.
YONO Business is a mobile application that caters to all your general corporate banking needs. The State Bank of India offers a business platform designed to make operating your business a breeze, no matter where you are. It handles tasks from the simplest to the most complex, ensuring your business operations run smoothly.
YONO (You only need one) app offers the following services to its customers:-
Scan and pay
Pay by contacts
Request money from others
The process is designed to be safe, convenient, and user-friendly, ensuring you can enjoy banking services with peace of mind. Let's take a look at the steps on how you can register for the SBI YONO app:
Download the YONO Business app from the Play Store or App Store.
Open the app and select the SIM through which your number is registered with YONO.
A pop-up message will be seen on the screen regarding an SMS from the device confirming your mobile number.
Click on the Proceed button.
An SMS with a code will be automatically sent to your registered number. After it's done, you will be sent to the registration screen.
Enter your Internet Banking User Name and Password on the registration screen and click the Register button.
Accept the Terms and Conditions.
You’ll receive an activation mobile code on your registered mobile number.
Enter the activation code in the app and complete your registration process.
Now, you can log in to your YONO account and enjoy the banking services.
You can withdraw cash from an SBI ATM without a debit card. No, right now, all you have to do is follow the steps below through a simple mobile phone:-
Visit the YONO website https://www.sbiyono.sbi/. Click on login.
You must enter your Net Banking user ID and password and have an active personal Internet banking account. Once you've entered your ID and password, click on login again.
Now, you can view the SBI YONO dashboard to check your complete account details and do other e-banking-related activities. Now you need to scroll down the website, and under my reward section, you will find five options– you need to click on the YONO cash tab and proceed further.
After going through the details given on the dashboard, click on Request YONO cash.
Below the balance account tab, enter the amount you want to withdraw from the ATM and click Next.
Enter the six-digit YONO cash pin for the transaction for the cash withdrawal process through the website.
Once the process is complete, the ATM will dispense the cash as required.
Who can avail of YONO Business?
Any individual customer, single-man enterprise, small firm, trust, government institution, or large conglomerate is treated as Corporate. Any Corporation maintaining an account with any State Bank of India branch can avail of YONO Business.
Can YONO Business be made available for individual customers?
No, Corporate Internet Banking, as the name itself indicates, is meant exclusively for corporate customers (non-individuals). The Retail Internet Banking facility is separately available for individual customers.
How do I confirm if my SBI branch provides the YONO Business facility?
To avail of the corporate Internet banking variant mentioned above, you can approach the SBI branch where your account is maintained. The registration forms required for the various products can be downloaded from our online banking website: https://yonobusiness.sbi. Forms duly filled out and accompanied by a Board Resolution should be submitted to the branch, wherever required.
The corporation maintains accounts with several SBI branches. Can all these be linked to one YONO Business facility?
Yes. Corporates may opt for ‘enquiry rights only’ or ‘transaction facility’ accounts in various branches to be mapped to one Corporate ID.
What government transactions can we make through YONO Business?
The YONO Business platform allows for the payment of Direct Taxes, Excise Duty, customs duty, Railway freight, online license fee payment to DGFT, various State Government Taxes, etc.
Can we make payments to our suppliers through YONO Business?
Yes. Corporates can make online payments to their registered suppliers using YONO Business. The corporation's administrator should map the supplier through the appropriate menu in YONO Business. The supplier corporation must approve this. After approval, payments to the supplier can be made.
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