City
Epaper

SBI launches SIM Binding feature on its online banking platform

By IANS | Updated: August 2, 2021 17:00 IST

New Delhi, Aug 2 To safeguard the interest of its customers, the State Bank of India (SBI) has ...

Open in App

New Delhi, Aug 2 To safeguard the interest of its customers, the State Bank of India (SBI) has launched a new security feature SIM Binding in YONO and YONO Lite.

The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have SIM of mobile numbers registered with the bank.

To access the new version of YONO and YONO Lite with enhanced security features, users will have to update their mobile app and complete the one-time registration process on these apps.

The registration process verifies the SIM of the registered mobile number with the bank in order to complete the registration. Customers will have to ensure that they register themselves with the device which has the SIM of the registered contact number.

YONO and YONO Lite will work with the basic rule of one mobile device - one user - one registered mobile number. However, the customer can use both YONO and YONO Lite in the same mobile device using the SIM of the registered mobile number with the bank.

In case the customer is using a mobile number that is not registered with the bank, he/she will be unable to complete the registration process on YONO and YONO Lite.

The new SIM binding feature will also allow two different users to access YONO and YONO Lite separately in a dual SIM handset, provided that the SIMs of the registered mobile number of both the users are inserted in the device.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: YONOState Bank Of IndiaBank branchesIndia servicesIcici groupNational payment corporation of indiaGoogle research indiaState for educationOperations research groupGovernment of india and reserve bankFour ind
Open in App

Related Stories

NationalSBI Clerk Mains Result 2025 Will Be Released Soon on sbi.co.in; Check Steps To Download Result Here

NationalBuddha Purnima 2025: Banks Open or Closed Today? Check City-Wise Status

NationalSBI Revises ATM Transaction Rules: Here’s Everything Customers Need to Know

NationalSBI Down: State Bank of India Customers Face Difficulty In Availing Mobile Banking, Fund Transfer Services

BusinessStock Market Opens Higher: Mukesh Ambani's Jio Financial Services Shares Jump 4% After Hitting 52-Week Low

International Realted Stories

International"We mourn the loss of so many lives": UK MP Bob Blackman joins Haridham congregation to pray for Ahmedabad plane crash victims

InternationalIndia, Cyprus unveil strategic roadmap; strongly condemn Pahalgam terror attack

International"Brand new chapter": Harish Consul on PM Modi's Canada visit to attend G7 Summit

International"We look forward to closer people-to-people relations with Cyprus": PM Modi concludes landmark visit with gratitude and top honour

InternationalAwkward moment: Trump criticises Trudeau over Russia's G7 expulsion with Canadian PM Carney by his side