No difference I think . watch
New SBI Account Opening Query
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Hii guys I want to open a regular saving account in SBI but branch officials are saying to open it via YONO app.
So I want to know if this Digital saving bank account opened via YONO app is any different from the saving account opened offline.
Also In YONO there are two options 1st is by visiting branch and other by not visiting branch. So what difference and which one I should choose given I can visit branch also.
Anyone who knows or have previous experience can please clarify.
Thanks in advance.
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No difference.
No difference.
Instead of filling the form manually in branch, in Online application we will have to enter all the details and one application no will be generated.
u will have to give this Application no. to branch, they will just login to their system and approve.
This is just to save their time. u have to visit branch anyhow.
So I will get passbook like normal account?
One very important fact which sbi doesn’t mention(or maybe it was something user specific), my cousin successfully opened the acc via same procedure but only later found out that internet banking was activated with “limited transaction rights” & not “full transaction rights” meaning you can transfer money to your other sbi account only & no other bank transfer allowed incl payments(you can transfer money to others’ bank acc only via cheque). After enquiring with local branch he was told to submit an application form to get full transaction rights(internet banking option to convert limited to full txn rights option does not work in this case).
It is Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY) which it seems they are giving to everyone who opens acc digitally via sbi yono. Also as expected, all such digitally opened acc via yono app need branch visit to submit application form to upgrade to full txn rights in acc(same like how sbi allows online opening of FDs but not closing for which you need to physically visit branch to submit application).
Yeah they did the same for other people also but they should tell us about it first and at-least not say that it’s mandatory.
Bro how long it takes for transaction rights to get updated. I went there again and submitted the application but the lunch time just started so he took the application & said he will do it after lunch. But nothing happened yet nor I am able to update the rights.
my father has a SBI account since 2001 and the only shortcoming is crowd during branch visit and their staff !! their service is top notch i like their net banking more than many private banks and i have had experinces with other PSU banks like UCO bank and frankly it is a nightmare ! i have icici and hdfc account also but will prefer SBI over them anyday.
Yes bro I myself use Patytm payments bank for most of work it’s really good.
One very important fact which sbi doesn’t mention(or maybe it was something user specific), my cousin successfully opened the acc via same procedure but only later found out that internet banking was activated with “limited transaction rights” & not “full transaction rights” meaning you can transfer money to your other sbi account only & no other bank transfer allowed incl payments(you can transfer money to others’ bank acc only via cheque). After enquiring with local branch he was told to submit an application form to get full transaction rights(internet banking option to convert limited to full txn rights option does not work in this case).
@malikcool @abhishek012 @Scorpion @bohemian