Categories: Banking

SBI launches ‘SIM Binding’ feature for YONO

India’s largest lender State Bank of India (SBI) has launched a new and enhanced security feature for its YONO and YONO Lite apps, called ‘SIM Binding’, to protect customers from various digital frauds. Under the new SIM Binding feature, the YONO and YONO Lite apps will work only on those devices which have SIM of mobile numbers registered with the Bank. The main aim of the new version of the platform is to provide enhanced security to customers and help them with a convenient and safe online banking experience.

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How to avail of the new service?

SBI customers will have to update their mobile app, to get access to the new version of YONO and YONO Lite with enhanced security features.
The users will need to complete the one-time registration process on these apps, where the bank will verify the SIM of the registered mobile number with the lender.
Customers must register themselves with the device which has the SIM of the registered contact number.

Important takeaways for all competitive exams:

SBI Chairperson: Dinesh Kumar Khara.
SBI Headquarters: Mumbai.
SBI Founded: 1 July 1955.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.