SBI Mobile Banking: State Bank of India provides the facility of mobile banking services to its customers. SBI provides its customers the service of transacting with the bank from any corner of the world. Apart from the net banking facility, the bank also offers mobile banking services where you can avail yourself of multiple services through the app. Some of the mobile banking apps available are SBI Anywhere Personal, SBI YONO, and BHIM SBI Pay. For this, customers need to register to use SBI’s mobile banking service.
Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions using a device such as a smartphone or a tablet. It works through the app. Mobile banking is generally available on a 24-hour basis. But some financial institutions have restrictions on which accounts can be accessed through mobile banking, as well as limits on the amount that can be transacted.
Mobile banking reduces the cost of handling transactions by reducing the need for customers to visit a bank branch for non-cash withdrawal and deposit transactions. Mobile banking does not handle cash transactions and requires the customer to visit an ATM or bank branch to withdraw or deposit cash.
Mobile banking has simplified our financial operations by providing most of the banking-related services through mobile devices like smartphones, tablets, laptops, etc. The advent of mobile banking has made processes like money transfer, payment, balance inquiry, deposit, etc.
SBI Mobile Banking Registration Process
Step 1. Go to the Google Play Store or App Store on your mobile phone. Next, search for ‘YONO SBI’ app or ‘YONO Lite SBI’ and download it.
Step 2. After successfully downloading the app, open the app.
Step 3. Now a login option will appear on your mobile screen.
Step 4. You will see three steps to complete the registration process at the bottom of your screen, click on the option ‘Existing Customer’.
Step 5. Click on the ‘Continue‘ button on the next page.
Step 6. Now enter your account number and date of birth.
Step 7. As the branch to go for activation, the name of your home branch will be displayed by default. You can choose a different branch at your convenience. Click on the ‘Next’ button to proceed to the next step.
Step 8. An OTP will be sent to your registered mobile number. Enter the OTP received in the blank space. After that click on “Next“.
Step 9. Review the brief customer description displayed on the screen. Select the transaction rights based on the type of transactions you want to do on the app and click on the ‘Continue’ button.
Step 10. Enter your username and check its availability. If username key-in is available, enter the temporary password of your choice twice and click on the ‘Confirm’ button.
Step 11. Now you have to set your M-Pin here. You don’t need to skip. Click on Set M-PIN.
Step 12. On the next page, you have to read the terms and conditions and click on ‘Next‘.
Step 13. Now you have to create a 6 digit m-PIN here and enter the m-PIN twice after that click on ‘Next’ bottom.
Step 14. Now an OTP will be received on your registered mobile number. After that enter OTP and click on ‘Next‘ button
Note: On the next page you will get a message. Where you will be told that you have successfully registered online with SBI Mobile Banking.
SBI Mobile Banking Log-in Process
Step 1. Open SBI YONO or YONO Lite app on your smartphone.
Step 2. Log in to your account using the 6 digit mPIN that you set up during the SBI Mobile Banking registration process.
Step 3. You enter your username and password in the relevant fields under the ‘User ID’ tab. And click on the ‘Login’ button.
Step 4. You will be redirected to the dashboard of the SBI YONO app where you can find all the services that you can avail of through the app
Note: On the next page you will get a message. Where you will be told that you have successfully logged in to your SBI Mobile Banking account. You will then be redirected to your account dashboard where you can select from all the available services for which you are eligible.
SBI Mobile Banking Reset Password Process
Once you have logged in using your User ID and MPIN, it is important to change the MPIN. To do this, you can follow the steps mentioned below
Step 1. First of all login into SBI mobile app.
Step 2. After that select the ‘Settings’ option.
Step 3. Then click on the ‘Change MPIN’ option.
Step 4. Enter your old MPIN
Step 5. Now enter your new MPIN.
Step 6. Confirm your new MPIN.
Step 7. Click ‘Change’ in the gut
Note: On the next page you will receive a message. Where you will be told that you have successfully reset your SBI Mobile Banking password.
Features of SBI Mobile Banking
- checkbook request
- postpaid bill payment
- balance check
- request for a mini statement
- Merchant Payments (M-Commerce)
- SBI Life Insurance Premium
- Money transfer in and out of the bank
- DTH or mobile top-upRecharge your mobile number, DTH, State Bank Wallet, and payMPS (Instant Payment Services)
- Railway Ticket Booking using IMPS through IRCTC Portal
- Instant opening or closing of FDs and RDs
- Access your account statement and account summary online.
- Subscribe for e-statements every month.
- View all your SBI account details on a single platform.
- Transfer funds online to recipients within and outside the bank.
FAQ of SBI Mobile Banking
What are the major benefits of SBI Mobile Banking?
SBI Mobile Banking allows its customers to conduct banking transactions on a 24×7 basis from any location with the help of mobile phones.
How many characters should be there in SBI MPIN?
SBI MPIN should be of a total of 6 characters. And make sure it’s a combination of special characters and alphanumeric.
If the customer is unable to use Mobile Banking for a long time, will the service be disabled?
If Mobile Banking is not used for six months, it will be automatically deactivated. And it needs to be re-registered to avail of the service.
What is “Mobile Online SBI”?
This is our Internet Banking service optimized for mobile browsers. You can connect with us at https://m.onlinesbi.com. This service is available for Retail, Khata, and Saral users.
Can I do intra-bank/inter-bank/credit card (Visa) transfer with OTP and what is the daily limit through this mobile site?
Users can now make Intra-Bank/Inter-Bank/Credit Card (Visa) and IMPS transfers through this site (m.onlinesbi.com) through One Time Password (OTP) provided the user has set “High Security” Enabled “Yes”. “In the “Profile” section of our desktop site www.onlinesbi.com. If “Enable High Security” is set to “No”, the user can pay Rs 10,000 per day without OTP. However, If the limit is Rs.10,000, then OTP will be mandatory to complete the transaction
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