If you’re looking to open an account with SBI Bank without the hassle of paperwork or visiting a branch, the SBI Insta Savings Account is your solution.
You can easily open this account through the YONO app from the comfort of your home.
Key Features of SBI Insta Savings Account
Convenient Access: This paperless account offers almost all the services available with a regular savings account, making banking hassle-free.
Paperless Opening: There’s no need to physically visit the bank branch; you can open this account through video KYC.
No Passbook or Checkbook: Keep in mind that this account doesn’t provide a passbook or checkbook. However, you’ll receive statements via email.
Digital Transactions: You can perform various transactions using this SBI account, including NEFT, IMPS, and UPI transfers.
Eligibility and Account Opening
Eligibility: Anyone above the age of 18 can open an SBI Insta Savings Account.
Single Operating Account: This account operates as a single account; joint account options are not available.
Nomination Requirement: It’s mandatory to specify a nominee when opening this account.
Minimum Balance: Maintain a minimum balance of Rs 1,00,000 in this account.
How to Open an Account
1) Download the YONO app on your mobile device. Click on “New Saving Account.”
2) Select the “No Branch Visit” option and choose “Insta Saving Account.”
3) Provide your PAN and Aadhaar details. Enter the OTP received on your registered mobile number.
4) Complete the video KYC process. Once verified, your account will be ready for transactions.
With the SBI Insta Savings Account, you can enjoy the convenience of modern banking without leaving your home.