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SBI YONO- 0 Balance Account

Note: The facilities of Digital Saving Account and Insta Saving Account have been temporarily disabled. Please visit a branch to open account.

SBI YONO is an omni channel service given by SBI to its account holders, which will help account holders to benefit from an online as well as an offline experience as per their needs. It acts as an integrated digital banking platform. Through its digital platform SBI Yono has created a zero balance account available to all account holders.

They have divided their digital accounts into two types of accounts:

Digital savings account


  • It allows an individual to open a digital bank without using paper i.e. a paperless digital account.
  • In online bank account opening with zero balance the account holder will need to open an account by visiting the branch of the bank for one single time.
  • The Bank will not charge any minimum balance charges until the end of the financial year i.e. 31st March 2019
  • The Bank allows the account holders to convert their zero balance account into a zero balance salary account based on the following net monthly salary criteria:
    • Platinum: Above 1,00,000/-
    • Diamond: Above 50,000/- and upto 1,00,000/-
    • Gold: Above 25,000/-and upto 50,000/-
    • Silver: Between 10,000/- and upto 25,000/-

*This will determine your eligibility for variant of Debit Card, Quantum of Insurance coverage, Loyalty Program benefits etc.

The employee will get the following benefits if he/she converts their present savings account into a zero balance salary account

Zero balance salary account allows the account holder free unlimited transactions across ATMs of any Bank.

It also gives the account holder a SBI Credit Card in order to help increase the account holders to take up additional credit for their immediate needs.

In terms of insurance cover, Zero balance Salary Account avails the account holder of the following 2 covers:

Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.

Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.

The Bank also gives account holders of the zero balance salary account holders the ability to avail Personal Loans, Home Loans, Car Loans and Education Loans at attractive lower rates.

Among other benefits the Bank also provides the following benefits to account holders of the zero balance salary account:

Upto 25% off on locker charges

Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.

Avail of Demat & Online Trading Account at the time of on-boarding itself.

Free issuance of Drafts, Multi City Cheques, SMS Alerts. Free online NEFT/RTGS.

Overdraft equivalent to 2 Months Net Salary (Currently available for select customers only)

Earn points on various transactions through our loyalty program SBI Rewardz.

Host of regular offers on Debit Cards and YONO by SBI

SBI has provided previous savings bank account holders the authority to be able to convert from a savings bank account a zero balance salary account.

Insta savings account

The second type of account that SBI Yono offers to its account holders is the zero balance account is the Insta savings account.

 The Insta savings account has been made in order to make the user experience even quicker especially for customers who do not have an existing SBI Account by providing the following features:

Seeing the urgent need to win over bank depositors who don’t have an account with SBI, it has developed an OTP based e-KYC for new customers. 

It has served the purpose of making the entire process smooth by providing a zero balance account opening through paperless means.

While the Digital saving account requires a single branch visit, the Insta savings account makes SBI an optimum choice for depositors to deposit their money/savings into.

Additionally these customers are being given a free RuPay Card in order to act as an additional incentiveand for ease of operations for customers.

Quick Pointers :

  • Paperless account opening
  • Digital Savings Account – Single branch visit required
  • Instant Savings Account – Instant account activation


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