The video works with the help of KYC based account opening feature, artificial intelligence and face recognition technology.
The account can now be opened at home via video KYC through the Yono Mobile Banking App of Mumbai
State Bank of India (SBI). That is, customers will not have to go to the branch to open an account with SBI. The video works with the help of KYC based account opening feature, artificial intelligence and face recognition technology. It is a contactless and paperless process.
To open an account in SBI through Video KYC with the help of Yono app, the customer has to download the app and click on ‘New to SBI’. After that, select ‘Insta Plus Savings Account’ and enter the Aadhaar details. After the Aadhaar authentication takes place, the customer has to enter personal details and video call schedule to complete the KYC process. After video KYC, the account in SBI will open automatically.
Online savings account opening facility is very important in the current situation,
SBI Chairman Dinesh Khara says that in the current situation of epidemic, online savings account opening facility is very important. Video KYC facility to protect customers, There is one more step towards ensuring financial security. We believe this move will add a new dimension to mobile banking and help customers to be digital for their banking needs.
The Yono
Yono app was launched in 2017 and was launched in November 2017. It has 8 crore downloads and has more than 37 million registered users. SBI has partnered with more than 100 e-commerce companies in more than 20 categories on the YONO platform.
