State Bank of India has launched YONO 2.0, an upgraded version of its digital banking platform. The app brings together mobile banking and internet banking in one place, with a strong focus on ease of use, faster services, and simpler compliance processes. YONO stands for “You Only Need One”, reflecting SBI’s aim to offer a single platform for multiple banking needs.
YONO 2.0 is a redesigned digital platform that allows users to manage their banking activities through a single app. It supports both mobile and net banking and offers access to a wide range of SBI services. One of the key highlights is the simplified KYC and re-KYC process, which reduces repeated verification across different products.
The updated YONO app allows users to link and manage savings and current accounts from multiple banks on one platform. This means customers with accounts at SBI and other banks can view balances, make payments and track transactions without switching between different apps. This integration helps reduce complexity and saves time for users.
Another important feature is the unified KYC system. Once KYC or re-KYC is completed on YONO, it can be used across various SBI services, avoiding duplication.
KYC, or Know Your Customer, is the process banks use to verify a customer’s identity when an account is opened. Re-KYC is the periodic update of this information to ensure records remain accurate and secure. It helps banks maintain up-to-date contact details and personal information.
As per Reserve Bank of India guidelines, banks are required to carry out re-KYC at regular intervals based on a risk-based approach.
Re-KYC ensures that customer information does not become outdated. It helps banks comply with regulatory requirements and strengthens security by reducing the risk of misuse or fraud.
Customers who already have SBI Internet Banking credentials can log in directly to the YONO app using the same details. Those without internet banking can create credentials using their SBI ATM card. If an ATM card is not available, users can generate a reference number through the app and visit a branch to complete registration.
Read more: Savings vs BSBD Accounts: Which One Should You Use After RBI’s New Rules?
YONO 2.0 aims to simplify digital banking by combining multiple services, banks and compliance processes into one app. With easier KYC, multi-bank access and flexible registration options, SBI’s latest update focuses on convenience and efficiency for customers.
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Published on: Dec 19, 2025, 9:32 AM IST
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