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Yono Lite is a mobile banking application from the State Bank of India. [ 7 ] [ 8 ] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app. [ 9 ] In 2021, Yono Lite saw several updates to protect its users from digital frauds.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
To open a bank account online, here is what you’ll need and what to expect. Key takeaways. It is important to research and compare different online bank accounts before choosing one.
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
[73] [74] By 15 July 2015, 16.92 crore (169.2 million) accounts were opened, with around ₹ 20,288.37 crore (US$2.3 billion) were deposited under the scheme, [75] which also has an option for opening new bank accounts with zero balance.
Banks have to follow the RBI's know your customer guidelines to allow an individual to open a savings account. [ 7 ] Almost every bank deposit in India is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), to a maximum of ₹5,00,000 or their deposit amount, whichever is lower.
Current is a free account with no minimum balance requirements, no annual fees and no bank transfer fees. It’s free to withdraw money with your Current debit card at more than 40,000 ATMs in the ...
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