At this point, the user may proceed by entering his or her basic details such as email and mobile number.
The user is prompted to enter the preferred choice for application password (to be used with YONO). After filling in the required details, the user may proceed by clicking on the ‘Submit’ button below.
After this, the user is asked to confirm certain tax liability dates under FATCA or Foreign Account Tax Compliance Act. After choosing the correct option, the user may proceed by clicking on the ‘Next’ button.
On the next page, the user is prompted to proceed by entering his or her Aadhaar card number in the given field.
The user is then required to authorise the bank to verify Aadhaar data (based on the UID or Unique Identification Number provided by the user).
After this step, if the user agrees, an OTP is sent on his or her mobile number registered with the Aadhaar card number.
The app, or the YONO website, then asks the user to enter details such as PAN (Permanent Account Number).
The user is then asked to give consent to receive information on “product updates, marketing promotions, special offers” from time to time.
The user is asked to select a home branch.
Through mobile app YONO, users can also open an Insta Savings Account. Similar to Digital Savings Account, this account is also opened on a paperless basis. The Insta Savings account requires a single branch visit by the customer, according to the SBI website.