SBI launches ‘SIM Binding’ feature in YONO & YONO Lite
Published By : Sourabha Parida | August 2, 2021 3:04 PM
Share
Mumbai, August 2: To safeguard the interest of its customers, country’s largest lender State Bank of India (SBI) has launched a new and enhanced 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 to 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 (RMN) 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. Rana Ashutosh Kumar Singh, DMD (Strategy) & Chief Digital Officer, SBI said, “We are glad to launch the SIM Binding feature in two of most popular platforms of SBI i.e. YONO and YONO Lite. With this new feature, our aim is to provide enhanced security to all our customers and help them with convenient and safe online banking experience. We at SBI always strive to encourage customers to perform digital banking services from the comfort of their homes and avail the one-stop banking and lifestyle solutions of YONO and YONO Lite.” YONO and YONO Lite will work with the basic rule of One Mobile Device - One User – One RMN. However, the customer can use both YONO and YONO Lite in the same mobile device using the SIM of RMN with the bank. In case the customer is using mobile number, which is not registered with the bank, they 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 SIMs of the RMN of both the users are inserted in the device. For any assistance, customers can dial 1800111101 for YONO SBI and 1800112211 for YONO Lite.
Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Odisha tops in private investments, says Industries Minister Sampad Swain
Google Launches AI Mode in Search Across India, English Only for Now
Google launches AI mode feature for all users in India
JSW Steel’s Narayanposhi Mines honoured with 5-star award
Titan Shares Plunge: Jhunjhunwala Family Loses Rs 900 Crore as Tata Stock Hits 52-Week Low
Jindal (India) gets nod for ₹3,600 Cr greenfield steel plant in Odisha
Odisha govt. revokes restrictions on delinked HDFC, Axis and ICICI Banks
RBI led ' HDFC Bank Currency Chest' floats Mega Coin Mela at Puri Grand Road ahead of Bahuda Yatra
Microsoft Manager Laid Off After 25 Years Shares Bittersweet Farewell in Viral LinkedIn Post
Foxconn Recalls Chinese Engineers from India, Threatens Apple iPhone 17 Production