SBI savings account through video KYC is a fast and efficient way to open your account without stepping out of your home. All the documents are submitted digitally and payments are also made online. It is a completely contactless procedure and application is completed through a video call.

Know more about SBI savings accounts, features and benefits, types of SBI savings accounts, eligibility, and more on CreditMantri

Key Features and Benefits of SBI savings account through video KYC

  1. SBI provides the convenience of opening your SBI savings account digitally through video KYC.
  2. It eliminates the need to visit the branch or submit any paper documents.
  3. The only documents needed are the Aadhaar card and PAN card.
  4. Transferring funds is made easy via options like NEFT, RTGS, IMPS, etc. through YONO or the SBI online banking portal.
  5. By applying through video KYC, a Rupay classic card will be issued.
  6. Enjoy benefits like 24*7 internet banking access through mobile banking, internet banking, and the YONO app.
  7. You can also opt for facilities like SMS alerts for every transaction, SBI Quick Missed call facility, etc.
  8. Through SBI internet banking, you can also avail transfer of account facility.
  9. Cheque Books are not issued only via online application. However, one can get a chequebook by visiting the home branch and updating the signature.
  10.  It is mandatory to nominate someone for this account.
  11.  Passbook is not issued unless requested by the customer. 
  12.  All the other charges are applicable as per the charges levied on a regular SBI savings account. 

Eligibility criteria for application to SBI savings account through video KYC –

  1. Age – Applicants aged 18 years and above can apply for this account
  2. Residency status – Applicants should be residing in India at the time of applying.
  3. Existing account – This account is only for new customers. Any applicant with an existing relationship with the bank is not eligible.
  4. Literacy level – Applicants should be able to read and write to apply for this account. 
  5. Mode of operation – This account only permits the mode of operation as “Single”.

Documentation and other requirements for application to SBI savings account through video KYC–

  1. Aadhaar card and Pan card (original) are compulsory
  2. The phone number mentioned on the Aadhaar card must be mentioned on the SBI savings account application as OTP will be generated on the same number. 
  3. Giving a valid Indian mobile number is compulsory
  4. Applicants need to be physically in India while the process of opening a savings account is going on. 

The process to open SBI savings account through Video KYC

The entire process is simple and can be done digitally. Make sure you have the required documents handy to complete the process seamlessly. 

  1. Firstly, you will have to download the SBI YONO app on your mobile.
  2. Once you have the app on your phone, open the app and go to “SBI” – “Open Savings account”. 
  3. Then go to “Without Branch Visit”. Then choose “Insta Plus Savings Account”
  4. You will be asked for details like a PAN card and an Aadhaar card. Enter those.
  5. You will receive an OTP on your registered mobile number. Enter that.
  6. Fill in other details required for the application.
  7. Now, it will ask you to schedule a video call. Select a convenient time.
  8. Remember and note down the time scheduled for the video call.
  9. Log in to the YONO app at the scheduled time and select “Resume”.
  10.  Proceed with the video KYC process until it is complete.
  11.  Once the video call is done, the bank will verify the documents and your account will be opened after that.

SBI savings account through video KYC eligibility

Applicants above the age of 18 with an Aadhaar card and Pan card can apply for this account.

SBI Savings account through video KYC application process

The application process for this account is completely online. Applicants need to download the YOLO app and proceed with further steps.

SBI Savings account through video KYC customer care –

You can call their customer care helplines –

Toll-free number: 1800 1234
Toll-free number: 1800 2100
Toll-free number: 1800 11 2211
Toll-free number: 1800 425 3800
Toll number: 080-26599990

You can also email them at customercare@sbi.co.in
contactcentre@sbi.co.in 

You can also write to them at 

Customer Service Department
State Bank of India
State Bank Bhavan, 16th Floor
Madam Cama Road,
Mumbai 400 021

Conclusion

SBI savings account through video KYC is an extremely convenient process to open an SBI savings account. It is completely digital and you can schedule a video call at your convenient time to complete the process. It is a paperless process where you don’t need to visit the branch. Highly recommended for people with busy lifestyles and demanding jobs.

FAQ of How to open SBI savings account through video KYC

1:What are the eligibility criteria to open an SBI savings account through video KYC?

The applicant should be above 18 years of age with a valid Aadhaar card and PAN card.

2:Do I need to be physically present in the branch for the application?

No, the entire process can be completed online via video call.

3:Will I get a cheque book for the SBI savings account by applying via video KYC?

No, but if you want a cheque book, you visit the branch personally.

4:Can I reschedule the video call? Do I have to go through the entire process again in that case?

You can reschedule the call for up to 3 working days. And you can pick up the process from where you left off.

5:I have booked the video slot. Where do I log in to proceed with the video call?

You can go to the app on your scheduled video call time and click on “Resume application” to start your call.

6:What happens if my internet connection is lost while completing the application?

You can resume your application from where you left off. Simply log in again to the application.