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SBI Mobile Banking

SBI Mobile Banking Details

Last Updated 11th Jun 2021

SBI Anywhere, SBI Online, Yono App is the mobile banking application for retail as well as corporate customers to transact banking services like fund transfer, paying bills, booking tickets etc.

Application Platform Google Playstore, Apple Store
App Names SBI Anywhere, SBI Online, Yono App
Services Offered Fund Transfer, Book online tickets, Making Payments, Opening FD/RD Account etc.
Fund Transfer Methods IMPS, NEFT, RTGS
Registration Methods Visit Bank Branch/ATM
Online through Mobile App
Benefits Available 24*7
Accessible everywhere
Convenient
Yes Bank
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5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
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Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
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SBI Mobile Banking

SBI is one of the largest Public Sector Bank in India that provides mobile banking services through SBI Anywhere, SBI Online, Yono App. Account-holders of SBI can access banking services anytime and anywhere using their smartphones. To avail the mobile banking services such as balance enquiry, transfer of funds, bill payments, instant opening or closing of FDs and RDs and much more users must register for Mobile Banking Services with their registered mobile number.

Key Highlights of SBI Mobile Banking

Yono SBI

  • YONO or You Only Need One, is a digital banking app for various kinds of banking, lifestyle, insurance, investment, and shopping needs of the customers. The services of Yono App are available 24*7.

Key features of SBI app are:

  • SBI YONO is available on both Android and iOS platforms.
  • You can make Cardless cash withdrawals through SBI YONO app.
  • SBI Yono App can be used for banking services like checking account balance, opening an FD account, get loans, automated queries etc.

How to Register for SBI Mobile Banking Application?

To register for SBI app, follow the below-mentioned procedure.
  • Download and install the app from your play store.
  • As you open the app, click on Existing Customer option at the bottom of the screen.
  • On the screen, you will be asked Do you have Internet Banking ID. Click on yes and enter your SBI net banking user id and login password.
  • Now, set your mPIN to log in the app. Enter the OTP you will receive on your mobile number.

How to Login to SBI Mobile Banking Services?

To log in to SBI app, follow the steps mentioned below:
  • Open the app and log in the app by entering the MPIN received during the registration process.
  • You can also log in by using your user Id and password.
  • After clicking on login, you will find an option to check SBI account balance on the dashboard.

Services Available on SBI Mobile Banking App

With SBI mobile banking app users can make financial transactions by sitting anywhere through their smartphones if they have an internet connection.

  • Account-holders of SBI can transfer funds through different modes such as NEFT, RTGS or IMPS between their own accounts or to another account of any bank by using the mobile banking services of SBI.
  • You can also book online tickets through air, road or train by using mobile banking.
  • If you want to open an FD/RD Account or invest in mutual funds or any other investment schemes, you can do so by using SBI mobile banking app.
  • With SBI Mobile Banking App, you can also request for issues of Demand Draft and Cheque Book, the opening of new accounts and closure of Loan Accounts.
  • Users can further make various payments of utility bills, LIC and other insurance premium payments, credit card dues payments and tax payments using mobile banking app.
  • You can also access your account statement and account summary online using SBI mobile banking app.

SBI Fund Transfer Options

SBI provides the facility to transfer funds to the accounts of third parties using different modes such as NEFT, RTGS and IMPS.

NEFT

NEFT or National Electronic Funds Transfer is the inter-banking facility to transfer funds from one institution to another institution within the country. NEFT is based on Deferred Net settlement which means the amount is credited in hourly batches along with the other payments. So, all the requests received in 30 minutes will be completed together.

  • To transfer money through SBI NEFT, one needs to have required bank details, including the IFSC code of the recipient's Bank.
  • There is no minimum cap for transferring money through SBI NEFT. However, you can transfer upto ₹10 Lakhs through NEFT facility.
  • While the beneficiary does not have to pay any transfer charges to receive money through NEFT, however, the person doing the NEFT transaction through SBI NEFT, has to bear Nil NEFT charges for fund transfer.
  • Also, SBI NEFT money transfer facility is available for NRE/ NRO accounts in the country.

RTGS

RTGS or Real Time Gross Settlement is the transfer of money from one bank to another bank on a real-time or gross basis. The term 'Real-time' means that the payment is made instantly without any delay. The gross settlement means the money is transferred on one to one basis. Presently, there are 140,000 RTGS-enabled bank branches in India.

  • If you want to transfer money through SBI RTGS, you would require the following details of the recipients.
    • The amount of transfer
    • The account number
    • Recipient and bank name
    • The recipient IFSC code
  • You can transfer up to ₹ 10 Lakhs through SBI RTGS facility of fund transfer.
  • While the beneficiary does not have to pay any transfer charges to receive money through RTGS, however, the person doing the RTGS transaction through SBI RTGS, has to bear Nil RTGS charges for fund transfer.

IMPS

Immediate payment service or IMPS is a real-time fund transfer system from SBI to another bank. To transfer money through IMPS, you need the recipient's mobile number and the generated MMID code or account number and IFSC or Aadhaar number. In India, about 498 banks are part of the IMPS system.

  • You can transfer money 24*7 through SBI IMPS facility at any time of the day, unlike other modes of money transfers.
  • While the beneficiary does not have to pay any transfer charges to receive money through IMPS, however, the person doing the IMPS transaction through SBI IMPS, has to bear Nil IMPS charges for fund transfer.

How to Transfer Funds on SBI App?

If you want to transfer funds through the SBI app, follow these steps.

  • Firstly, log in your SBI Net Banking Portal by using your User Name and Password.
  • Now, under the "Payments/Transfer" tab, choose the appropriate fund transfer option.
  • On the next page, now choose the type of transaction and click on "Proceed".
  • Now, select the account from which the funds need to be transferred.
  • Next, enter the amount, purpose of the transfer and also choose the beneficiary account for transferring the money.
  • After verifying all the details, check the terms and conditions box and click on "Submit".
  • On the next page, verify all the details and click on "Confirm".
  • Finally, enter the password sent to the registered mobile number and click on "Confirm". You will now receive the confirmation message on your screen.

SBI Mobile Apps

SBI provides Mobile Banking Services through the following apps:

Application Name Features
Yono SBI
  • SBI YONO is available on both Android and iOS platforms.
  • You can make Cardless cash withdrawals through SBI YONO app.
  • SBI Yono App can be used for banking services like checking account balance, opening an FD account, get loans, automated queries etc.

SBI NEFT, RTGS, IMPS – Timings, Charges and Limits

Transaction Type Charges Per Day Limit Timings
IMPS Nil ₹2 Lakhs 24*7, 365 Days
NEFT Nil ₹10 Lakhs 8 AM to 7 PM, Monday to Saturday
RTGS Nil ₹10 Lakhs 24*7- Mobile & Internet Banking,7:00 am to 6:00 pm (Monday to Friday & working Saturday)

SBI Mobile Banking: Do's and Don'ts

Following are the do's and don'ts that you must remember while using SBI mobile banking services.

Do's

  • A unique and strong password consisting of a mix of alphanumeric and special characters must secure your mobile phone.
  • It would be best if you changed your password on a regular basis.
  • If your mobile phone is lost or stolen, you must immediately report to the bank as well as the nearest police station.

Don'ts

  • Never share confidential information on any other website.
  • Do not share any banking information on your phone.
  • It would be best if you informed the bank immediately in case of a change in your mobile number.

FAQs

How can I register for SBI mobile banking?

You can register for SBI mobile banking services by filling the mobile registration form along with required documents for Identity Proof to the SBI branch. You can also register for SBI mobile banking services by downloading the SBI App from your play store and then complete the registration process by setting your mPIN.

What is SBI mobile banking?

SBI provides mobile banking facility to its users through the SBI App. Customers can make financial transactions like Fund Transfer, Making Utility Bill Payment, getting a new credit/ debit card etc. to enjoy banking services anytime and anywhere using their smartphone device.

Which is the mobile app for SBI?

SBI offers mobile banking services to SBI customers through SBI apps such as SBI Anywhere, SBI Online, Yono App.

How can I get my SBI online banking username and password?

SBI provides username and password with pre-printed kit if you register for SBI internet banking application by visiting the bank. You can use the same username and password while you register for mobile banking services online to get a new mPIN.

How do I activate mobile banking?

You can activate for SBI mobile banking services by registering for mobile banking services by visiting the SBI or online by downloading the SBI app from your play store. After completing the registration process, set up your mPIN and then log in using your mPIN or user name and ID to complete the activation process for mobile banking.


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