Now, consumers who qualify can obtain personal loans up to Rs 35 lakh. The SBI claims that this service would involve eight steps from beginning to end and be entirely paperless and computerised.
Any SBI user may configure YONO using their login information. You can access your account after enrolling by entering your username and password in the programme.
As per the new Positive Pay System, the issuer must electronically transmit certain information to the drawee bank via SMS, mobile banking, internet banking, ATMs, etc., such as the beneficiary s name, the date of issue, etc. Later, while processing payments, the details will be double-checked.