YONO

YONO (You Only Need One) is an integrated digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as flight, train, bus and taxi bookings, online shopping, or medical bill payments.[1] YONO is offered as a smartphone app for both Android and iOS.

YONO
Developer(s)IBM
Initial release10 December 2017 (2017-12-10)
PlatformAndroid
iOS
Available inEnglish
TypePayment

The launch of YONO had a code name project Lotus. The YONO is developed by IBM and launched in around 13 months. The cost of development was expected around ₹4,000 crore.

Launch

YONO was launched on 24 November 2017.

Features

YONO offers services from over 100 e-commerce companies including online shopping, travel planning, taxi booking, train booking, movie ticket booking, online education and offline retail with special discounts.[2] YONO also offers conventional mobile banking services such as bank account opening, fund transfers, cashless bill payments, and loans. The smartphone app can be used to make ATM withdrawals without using any ATM card through "Yono Cash" feature.[3]

Yono Lite

Yono Lite is a mobile banking application from the State Bank of India.[4][5] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app.[6] In 2021, Yono Lite saw several updates to protect its users from digital frauds.[7]

References
  1. "SBI launches YONO, an integrated app for financial services". The Hindu. 23 November 2017. Retrieved 24 November 2017.
  2. "SBI's YONO allows instant digital savings accounts, online loans". The Times of India. 24 November 2017. Retrieved 24 November 2017.
  3. Dubey, Navneet (2019-04-05). "How to withdraw cash from SBI ATM without using debit card or SBI YONO app". The Economic Times. Retrieved 2019-05-23.
  4. Ojha, Sangeeta (2021-08-02). "SBI launches new feature in Yono, Yono Lite app. Benefits and other details here". mint. Retrieved 2022-07-24.
  5. Sbi official site
  6. SBI Yono Lite Complaint Box: SBI Yono Mobile App Customer Care Support
  7. Sharma, Reema (2021-08-03). "SBI YONO, YONO Lite get security features for protection from digital frauds". Zee News. Retrieved 2022-07-24.
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