State Bank of India introduces digital opening of NRE/NRO account setup through YONO app

State Bank of India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO.

This service is designed for NTB or ‘new to bank’ customers, providing them with ease and efficiency in the account opening process, SBI said in a statement on Monday.

This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India, it said.