Gone are the days when you had to visit a bank branch and go through lengthy paperwork just to change your SBI branch. Fortunately, the State Bank of India (SBI) now allows its customers to transfer their accounts online using the YONO (You Only Need One) app and Net Banking. This guide will walk you through the step-by-step process to Change SBI Branch Using YONO App.
Steps to Change SBI Branch Using YONO App
You can easily transfer your SBI account to another branch using the YONO app by following these steps:
- Log in to the YONO App
- First, open the YONO SBI app on your smartphone.
- Then, enter your login credentials (User ID and Password) or use biometric authentication.
- Navigate to the ‘Services’ Section
- Once logged in, go to the ‘Services’ option from the menu.
- Select ‘Transfer of Savings Account’
- Next, choose the account you want to transfer.
- Enter the New Branch Code
- After that, provide the branch code of the SBI branch where you want to transfer your account.
- You can find branch codes on the official SBI branch locator or by contacting the desired branch.
- Review and Submit the Request
- Before submitting, check all the details carefully.
- Once everything looks correct, confirm and submit your transfer request.
- Authenticate Using OTP
- An OTP (One-Time Password) will be sent to your registered mobile number.
- Enter the OTP to verify and confirm the request.
- Receive Confirmation
- After submitting the request, you will receive a confirmation message.
- The branch transfer process will complete within a few working days.
Alternative Method: Transfer via SBI Net Banking
If you do not use YONO, you can also transfer your account using SBI Internet Banking:
- Login to SBI Internet Banking.
- Next, go to ‘e-Services’ > ‘Transfer of Savings Account’.
- Then, select the account and enter the new branch code.
- After verifying the details, submit the request.
- Finally, authenticate via OTP and receive confirmation.
Important Points to Note
- Your Account Number Remains the Same: Only the branch will change, and your CIF (Customer Information File) will move automatically.
- IFSC Code Will Change: Since IFSC codes are branch-specific, you may need to update it for online transactions.
- Ensure Mobile Number is Registered: The process requires OTP verification.
- Active Loan Accounts Cannot Be Transferred Online: If you have an ongoing loan, you may need to visit the branch.
Final Thoughts
With SBI’s YONO app and Net Banking services, transferring your savings account to a new branch has never been easier. This digital facility saves time and effort, making banking more convenient for customers. If you found this guide helpful, consider sharing it with others who might need it!
For more updates on banking and personal finance, stay tuned to Banking Insights.