<p class="title">As SBI's one-stop solution platform 'YONO' for accessing all the banking services digitally remained suspended following the <a href="https://www.deccanherald.com/national/sc-upholds-validity-aadhaar-694745.html" target="_blank">Supreme Court's order on Aadhaar seeding</a>, the bank has sought clarity from the RBI for an alternative solution, a top official said.</p>.<p class="bodytext">The Supreme Court order on September 26 said it was not mandatory to link the 12-digit unique identification number Aadhaar for opening or availing banking services, among others.</p>.<p class="bodytext">Since then the State Bank of India (SBI) has disabled the facility of opening a paperless bank account through 'You Only Need One' (YONO) temporarily, customers are required to visit a branch to open an account.</p>.<p class="bodytext">"As of now the e-KYC is not being permitted, so we want some clarification from the RBI. We have discussed this with the regulator. So after the clarification comes, then we can start (doing e-KYC through Aadhaar)," the official told PTI.</p>.<p class="bodytext">The digital platform 'YONO', launched in November 2017, offers all financial services and lifestyle products and services of the bank including opening an account without even visiting a bank branch.</p>.<p class="bodytext">Among others, customers can also transfer funds, avail of pre-approved personal loan sans any paperwork and get overdraft facility against fixed deposits.</p>.<p class="bodytext">SBI has set an ambitious customer base to 250 million through YONO platform in the next two years.</p>.<p class="bodytext">By August, there were more than 2.5 million users registered under YONO platform of the bank.</p>.<p class="bodytext">Before the SC order on Aadhaar, the unique identification number was made mandatory for a host of services including banking and telephony and became a one-point solution to complete the know your customer (KYC) requirement at an affordable cost.</p>
<p class="title">As SBI's one-stop solution platform 'YONO' for accessing all the banking services digitally remained suspended following the <a href="https://www.deccanherald.com/national/sc-upholds-validity-aadhaar-694745.html" target="_blank">Supreme Court's order on Aadhaar seeding</a>, the bank has sought clarity from the RBI for an alternative solution, a top official said.</p>.<p class="bodytext">The Supreme Court order on September 26 said it was not mandatory to link the 12-digit unique identification number Aadhaar for opening or availing banking services, among others.</p>.<p class="bodytext">Since then the State Bank of India (SBI) has disabled the facility of opening a paperless bank account through 'You Only Need One' (YONO) temporarily, customers are required to visit a branch to open an account.</p>.<p class="bodytext">"As of now the e-KYC is not being permitted, so we want some clarification from the RBI. We have discussed this with the regulator. So after the clarification comes, then we can start (doing e-KYC through Aadhaar)," the official told PTI.</p>.<p class="bodytext">The digital platform 'YONO', launched in November 2017, offers all financial services and lifestyle products and services of the bank including opening an account without even visiting a bank branch.</p>.<p class="bodytext">Among others, customers can also transfer funds, avail of pre-approved personal loan sans any paperwork and get overdraft facility against fixed deposits.</p>.<p class="bodytext">SBI has set an ambitious customer base to 250 million through YONO platform in the next two years.</p>.<p class="bodytext">By August, there were more than 2.5 million users registered under YONO platform of the bank.</p>.<p class="bodytext">Before the SC order on Aadhaar, the unique identification number was made mandatory for a host of services including banking and telephony and became a one-point solution to complete the know your customer (KYC) requirement at an affordable cost.</p>