State Bank of India said potential customers may now open savings accounts online using video Know Your Customer (KYC) feature, eliminating the need for physically visiting bank branches in order to open the account.
“You may open a #SavingsAccount with us without going to the bank. You may create a savings account ANYTIME and ANYWHERE thanks to the brand-new KYC video function, which streamlines the procedure. Apply now on YONO!,” the bank tweeted.
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Here’s how you can open SBI account without visiting bank branch:
What do you need to open the SBI account online?
-Physical (Original) PAN and Aadhaar number are mandatory;
-Aadhaar bears the current address of the customer and mobile number as submitted in Aadhaar details must be in possession of the customer as OTP will be triggered on the same number;
-Mobile number is mandatory;
-Customer should be physically present in India during the complete account opening process.
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How to open SBI Insta Plus Savings Account?
-Download YONO App
-Click New to SBI—Open Savings Account → Without Branch visit→ Insta Plus Savings Account
-Enter your PAN, Aadhaar details
-Enter OTP sent to Aadhaar registered mobile number.
-Enter other relevant details
-Schedule Video Call
-Login to the YONO App at the scheduled time through Resume and complete the Video KYC process
-Your Insta Plus Savings account will be opened, Account will be activated for debit transactions after verification by Bank Officials.
Who can open account?
-Resident Indians above 18 years of age and who are literate.
-New to bank customer and does not have a CIF with SBI. In case customer has any active relationship/CIF with the bank, she/he is not eligible for this account.
