State Bank of India (SBI) has introduced a Video KYC-based account opening feature that will enable users to open an SBI account online without having to go to a bank branch.

According to the SBI tweet, “You may open a Savings Account with us without going to the bank. You may create a savings account ANYTIME and ANYWHERE thanks to the brand-new KYC video function, which streamlines the procedure. Apply now on YONO!”

Interested individuals can open SBI digital savings account online without visiting branch by video KYC through contactless procedure.

• Paperless account opening and no branch visit needed.
• Only Aadhaar details & PAN(Physical) required.
• Customer will be able to transfer funds using NEFT, IMPS, UPI etc. through YONO app or Online SBI i.e. Internet Banking.
• Rupay classic card will be issued.
• Experience 24*7 banking access through Yono app, internet banking and mobile banking.
• SMS Alerts, SBI Quick Missed call facility available.
• Facility of transfer of accounts through Internet Banking channel.
• Nomination facility is mandatory.
• Please note that Cheque book will not be issued for this account and No debit/voucher transaction, or any other signature-based services will be allowed in the branch. Cheque book can be issued once customer visits the home branch and updates signature.
• Passbook will be issued if requested by the customer.
• Charges for all other services will be in accordance with extant service charges applicable to Regular savings bank account.

How to open SBI Insta Savings Account through video kyc?

According to the SBI website, one can follow below steps to open SBI digital savings account

Step 1: Download YONO App

Step 2: Click New to SBI-Open Savings Account ? Without Branch visit? Insta Plus Savings Account

Step 3: Enter your PAN, Aadhaar details

Step 4: Enter OTP sent to Aadhaar registered mobile number.

Step 5: Enter other relevant details

Step 6: Schedule Video Call

Step 7: Login to the YONO App at the scheduled time through Resume and complete the Video KYC process

Your account will be opened, account will be .

activated for debit transactions after verification by Bank Officials.