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Yes for SBI but no for YONO

SBI like many other banks tried to get with the world and launched its online banking app, YONO, just last year. While the initiative of the public bank was good, its execution wasn’t well thought out. Having been a customer of the bank, I had high hopes but was utterly disappointed.

A banking app is supposed to make banking swift but somehow SBI managed to turn it into a cumbersome activity. The app was very difficult to operate since it was very slow and had a lot of glitches. My wife tried to open an account on the app but couldn’t after several attempts.

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Interest Rate
6%* p.a.
( 6.5% p.a. for Senior Citizens)(Open Kotak 811 and Book an FD to earn up to 7.00% interest)
Minimum Balance
0
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Features
  • You can now avail the benefits of the banking solutions with a single touch
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Interest Rate
6%
(Up to Rs. 1 Lakh)
Minimum Balance
Nil
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Features
  • Open an account only with the help of your Aadhar Card Can apply for this account at the micro ATM of IDFC Bank
  • Account offers Internet & mobile banking, free & unlimited ATM services, and various others.

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