YONO SBI and YONO Lite SBI are well-known platforms that combine banking and lifestyle needs. They both offer various features that simplify life. We found using several features of these platforms frequently is very useful.
These include bill payments, fund transfers, and investment options. Additionally, these platforms provide a user-friendly interface and secure transactions.
Overall, YONO SBI and YONO Lite SBI are convenient solutions for managing finances and lifestyle needs. Though most of the features and functions of these platforms are almost similar, there are some minute differences between them. These differences in features make one platform better than the other. Let’s go through this article and find out the better one!
What is YONO SBI?
YONO SBI has been developed by IBM. It had a code name Project Lotus during its launch. The development took around 13 months and cost approximately ₹4,000 crore. YONO, the digital banking platform, was launched on November 24th, 2017.
YONO SBI provides a wide range of services from more than 100 e-commerce companies. YONO SBI also offers special discounts on various services.
YONO SBI provides a range of mobile banking services including opening bank accounts, transferring funds, paying bills without cash and obtaining loans. Additionally, the smartphone app offers a unique feature called “Yono Cash” that allows users to withdraw money from ATMs without using an ATM card.
What is YONO Lite SBI?
Yono Lite SBI is a mobile banking app that is offered by the State Bank of India. It was previously known as “SBI Anywhere Personal” but then it has been rebranded as “Yono Lite” in 2018 after the introduction of the YONO app. In 2021, Yono Lite received several updates to protect users from digital fraud.
The latest feature of Yono Lite SBI enables users to transfer funds instantly to beneficiaries without any prior registration. This development is a great step towards a hassle-free and efficient transfer process.
We get a fantastic process here! To perform the Quick Transfer, simply log into the Yono Lite SBI Application using your Internet banking credentials. Then, select the “Quick Transfer” option and proceed to send money using account details. It’s just that easy!
Can WeUse YONO SBI and Yono Lite SBI?
Yes, you can use both YONO SBI and Yono Lite SBI. YONO SBI is a full-fledged banking app with a wide range of features, while Yono Lite SBI is a lighter version of the app designed for low-end smartphones and slower internet connections. Both apps are offered by the State Bank of India. Both of these apps can be used simultaneously without any issues.
Here we are giving you amazing news! YONO SBI and YONO Lite SBI are going to work with the basic rule of One Mobile Device – One User – One RMN. Isn’t that just wonderful? And, if you can believe it, the customer can even use both YONO and YONO Lite on the same mobile device using the SIM of RMN with the bank. This is truly a game-changer and you couldn’t be more thrilled about it!
Functions of YONO SBI and YONO Lite SBI
Let us discuss the functions of both YONO SBI and YONO Lite SBI –
The YONO SBI and YONO Lite SBI offer exclusive discounts and deals on over 80 e-commerce websites. These discounts and deals are available to users of the app, providing them with significant savings on a wide range of products and services. With YONO SBI and YONO Lite SBI, users can access these discounts and deals with ease, making shopping online more affordable and convenient than ever before.
SBI YONO and YONO Lite SBI offer a convenient way to transfer funds through the UPI payment method. This method is easy to use and provides a secure way to transfer funds.
With the YONO app, managing all your SBI relationships has never been easier. You can link all your accounts to the app and keep track of them in one convenient location.
The YONO app provides a personalized spending analysis that automatically tags and categorizes all of your transactions. With the app’s detailed analysis, you can make informed decisions about your finances and take steps toward achieving your financial goals.
Yono offers discounts on various popular brands. These include Shoppers Stop, Make My Trip, Amazon, Thomas Cook, Croma, Firstcry, and Tata Cliq.
Booking a new car has never been easier with the YONO. Not only can you browse through a wide selection of vehicles, but you can also take advantage of exclusive deals. Download the YONO SBI app now!
OYO bookings can be made through the YONO app for vacation purposes.
Which is Better – YONO SBI or YONO Lite SBI?
SBI, the largest bank in India, now allows its account holders to withdraw cash from ATMs without a debit card. This is made possible through the YONO SBI and YONO Lite SBIapps, which also offer various banking activities such as investing, buying insurance, paying bills, booking IRCTC tickets, getting loans, and shopping, as we have mentioned above. With these apps, users can manage all their financial transactions and activities efficiently.
But, we can say that YONO SBI is better than YONO Lite SBI. Because people often find slight problems while using the latter one. Integration with social media is missing in YONO Lite SBI. Also, this app is slow and takes time to load. But you can easily ignore these drawbacks and enjoy using YONO for making payments anytime anywhere.
