Adding a Beneficiary in the SBI YONO App: A Comprehensive Guide
Adding a Beneficiary in the SBI YONO App: A Comprehensive Guide
SBI YONO app is a convenient tool for managing your daily banking transactions through your mobile device. One of the essential features of this app is the ability to add beneficiaries for swift fund transfers. This guide will walk you through the process of adding a beneficiary in the SBI YONO app, covering all the necessary steps and providing tips for a smooth experience.Steps to Add a Beneficiary in SBI YONO App
1. **Open the YONO App:**To begin, launch the SBI YONO app on your mobile device. Ensure that your device is connected to the internet and has sufficient battery.
2. **Navigate to Banking:**Tap on the Banking tab from the main menu. This will take you to a section where you can manage your accounts and perform various banking transactions.
3. **Select Beneficiary Management:**Look for the option related to beneficiary management or fund transfer. Tap on it to access the beneficiary management section.
4. **Add Beneficiary:**Select the option to add a new beneficiary. If you need to specify the mode of transfer (NEFT, RTGS, or IMPS), choose the appropriate type. If applicable, you may also be given the option to add a specific account (own or other).
5. **Enter Beneficiary Details:**Fill in the required details, such as the beneficiary’s name, account number, IFSC code, and any other necessary information. Make sure you enter these details accurately and carefully.
6. **Verify Details:**Review the information you've entered to ensure its correctness. This step is crucial to avoid any errors in the fund transfer process.
7. **Confirm and Save:**After verifying the details, confirm the addition of the beneficiary. If required, you may receive an OTP (One-Time Password) on your registered mobile number for verification.
8. **Completion:**Once the OTP is entered and verified, the beneficiary will be added successfully. You can now use this beneficiary for future fund transfers through the app.
Additional Information and Tips for Beneficiary Addition
- **For Other Banks:**If you're adding a beneficiary from a different bank, you may need to follow similar steps but ensure that you use the correct option for interbank transfers (YONO Pay or other bank beneficiary).
- **For SBI Beneficiaries:**For adding beneficiaries within the SBI network, you can either use YONO Pay for quick transfers or log into your SBI net banking account. Go to the Profile section, select Manage Beneficiary, and click on IMT (Intra-Merchant Transfer) beneficiary. Once added, the account will be activated within 4 hours after the remitter’s approval between 6:00 am to 8:00 pm.
- **Transferring to Own or Other Accounts:**Go to the transfer section of YONO and select the option to transfer to your own or other accounts. Enter the account number and IFSC code. Set a fund transfer limit for that particular beneficiary and put a nickname. The beneficiary account will get confirmed within four hours, and only then can you start transferring funds as per your set limit. You can change the limit at any time.