State Bank of India is one of the nationalized banks established in the year 1955 by the Government of India. Since then, it has been delivering quality financial services. The bank has its headquarters in Mumbai. It has been offering commercial banking and financial services by adapting to the technological changes in the banking industry more quickly than the other banks. SBI has branches throughout the country. It also has branches in countries all around the World.

 More about SBI

SBI is a bank that has played an extensive role in the economic development of India. It was one of the three presidency banks established with joint ownership of the provincial government and the private subscribers. In 1955, SBI, then known as IBI, was under the joint ownership of the government and the Reserve bank of India. However, in 2005 the Reserve Bank of India gave up its share, and the government took up the bank’s ownership. Later the subsidiary banks of SBI that operated as individual banks in the princely states like Mysore, Travancore, etc., were then merged with the state bank of India in the year 2017. Since then, SBI has become one of the largest banks, with several branches offering rural development initiatives, micro-credit programs, and agricultural and industrial projects that will help develop the country. Now it is one of the leading banks offering unparalleled financial services offline and online.

 Opening an account

You can open an account in SBI if you are over 18 years of age. However, there is scope to open a savings bank account for minors with parents as guardians. But there might be restrictions in operating the account. However, if you have attained 18 years and opened the account by providing the KYC required, you can use the savings account with all the features that come with it. You can have different types of accounts. It includes

• Saving account

• Salary account
• Current account

You can avail of personal banking services to carry out the banking operations online from the comfort of your home without having to visit the branch often. It will ease operations and reduce the wastage of time waiting in queue to complete the transaction.

  SBI mPassbook- What is it?

 You know that you will get a passbook when you open an account in the bank. The mpassbook is the digital version of the passbook. You can access this from the comfort of your home using the bank’s mobile application or through the internet banking facility. The username/ID and the password that is provided for the internet banking facility have to be used to get details using the mobile app. The mpassbook will help you learn about the transactions you made on the savings or current accounts. This means that you do not have to visit the branch every time you have made a transaction to check the transaction history.

 Advantages of mPassbook

 You can enjoy the following benefits. it includes

Easy access– The mPassbook facility will make it easy to access transaction history and records anytime. You just need to log in. you will get the details in absolute synchronization. It means you can visit and get the physical passbook updated whenever you are free

 Free of cost– SBI Anywhere is the application that will help you access mPassbook. This is offered for free by SBI. All you need is a smartphone with internet connectivity.

Safe and secure- Despite the widespread use of the internet, people are sceptical about using it for banking transactions. It is considered safe. However, you have nothing to worry about the security measures as long as you follow the safety protocols like not sharing the password or OTP.

Viewing an SBI mPassbook online

• First, open the SBI YONO Life. It is the official mobile app of SBI.

• Log in with your User ID and password
• Click on the My Accounts Option on the screen.
• You can now click on the mPassbook option under the My Accounts menu.

• Now select the account number for which you want the mPassbook.

• Now, you will see the digital passbook or mPassbook of your account. If you want to refresh the transaction history, you have to tap on the refresh button.

This is how you can access the mPassbook online.

 Frequently asked questions

  Are there charges for accessing MPassbook?

 No, there are no extra charges for this facility. You just need to download the SBI YONO App for free.

  Is it secure to get mPassbook?

Yes, the YONO App is a secure application. Apart from the security measures, you also have facilities for locking and unlocking the app at will following the simple steps.