New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank 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 & providing them with ease and efficiency in the account opening process? 
    A Indian Overseas Bank Correct Answer Incorrect Answer
    B Federal Bank Correct Answer Incorrect Answer
    C State Bank of India Correct Answer Incorrect Answer
    D Union Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       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. This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India. Customers can track the status of their applications in real-time, keeping them informed every step of the way.

    Practice Next

    Relevant for Exams: