10 Easy Steps on How to Add beneficiary in Yono SBI [2024]

Written by Sravan

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Step 1:
Firstly, open the “SBI Yono Mobile banking app” on your Mobile.

#1 How much time is required to add beneficiary in SBI Yono?

You can add beneficiary instantly once you make a successful fund transfer through SBI Yono app. Simply, Zero waiting time.

#2 What is the Minimum amount required to add Beneficiary in SBI Yono?

The Minimum amount required to add Beneficiary in SBI Yono is Rs.1 only

#3 What is the Maximum amount required to add Beneficiary in SBI Yono?

The Maximum amount you can transfer to add Beneficiary in SBI Yono is upto Rs.1,00,000 only

#4 How much Time it will take to transfer money after adding beneficiary in SBI Yono?

In Yono SBI, a new Beneficiary will be added once you make a fund transfer. For NEFT transfer it takes upto 1 hour time and in case of IMPS, the fund transfer will be completed instantly. i.e. No waiting time.

#5 Can I add beneficiary in SBI Yono directly ?

You cannot add beneficiary directly in SBI Yono. To add a beneficiary in SBI Yono, you must make a fund transfer either through NEFT / IMPS. Then only you can add beneficiary.

Author is a Qualified CMA with rich industry experience for more than 6 years. He is an All India Ranker (AIR-101) in CMA and also a Semi-Qualified Chartered Accountant having a quite good experience in teaching the subjects of Accounting and Costing to the commerce aspirants.

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