SBI launches ‘SIM Binding’ feature in YONO & YONO Lite
- With SIM Binding feature, SBI makes online banking more secure for the users of YONO and YONO Lite
- Customers now need to use the SIM of registered mobile number on their devices to access YONO and YONO Lite
safeguard the interest of its customers, Country’s largest lender State
Bank of India (SBI) has launched a new and enhanced security feature –
‘SIM Binding’ in YONO and YONO Lite. The new version of these platforms
will protect customers from various digital frauds. With the SIM Binding
feature YONO and YONO Lite will work only on those devices which have
SIM of mobile numbers registered with the Bank.
access to the new version of YONO and YONO Lite with enhanced security
features, users will have to update their mobile app and complete the
one-time registration process on these Apps. The registration process
verifies the SIM of the registered mobile number (RMN) with the bank in
order to complete the registration. Customers will have to ensure that
they register themselves with the device which has the SIM of the
registered contact number.
Rana Ashutosh Kumar Singh, DMD (Strategy) & Chief Digital Officer, SBI
said, “We are glad to launch the SIM Binding feature in two of most
popular platforms of SBI i.e. YONO and YONO Lite. With this new feature,
our aim is to provide enhanced security to all our customers and help
them with convenient and safe online banking experience. We at SBI
always strive to encourage customers to perform digital banking services
from the comfort of their homes and avail the one-stop banking and
lifestyle solutions of YONO and YONO Lite.”
YONO and YONO Lite will work with the basic rule of One Mobile Device - One User – One RMN. However, the customer can use both YONO and YONO Lite in the same mobile device using the SIM of RMN with the bank. In case the customer is using mobile number, which is not registered with the bank, they will be unable to complete the registration process on YONO and YONO Lite. The new SIM binding feature will also allow two different users to access YONO and YONO Lite separately in a dual SIM handset, provided that SIMs of the RMN of both the users are inserted in the device.
For any assistance, customers can dial 1800111101 for YONO SBI and 1800112211 for YONO Lite.