SBI Connected Banking lets you link your SBI current account to Open Money. Once linked, you get real-time balance visibility, automatic statement sync, and the ability to initiate payouts from Open Money with authorisation on SBI.

Unlike single-session bank linking, SBI linking is a two-platform, branch-approved process. You start on Open Money, complete an API Banking application on YONO Business, get it approved at your SBI branch, and then sync the account back to Open Money.

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How the flow works

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Before you start

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Part 1 — Link the account

Step 1 — Initiate linking on Open Money

Log in to Open Money and open the Banking page. Under Connected Accounts, click + Link now.

Step 2 — Select SBI

In the Connect your Bank Account panel that opens on the right, select SBI. You can also search using Find your bank.

The Link your SBI Account panel displays a Unique Key Identifier along with the instructions for completing the linking on SBI.

Click Copy and save the key — you will enter it on the SBI platform in Step 6.

Step 4 — Log in to the SBI business platform

The Administrator logs in to YONO Business using existing Corporate Internet Banking credentials — User ID, Password, and Captcha.

Step 5 — Start a new API Banking application

Select API Banking in the left-hand menu, then open the New Application tab.

Step 6 — Provide onboarding details

On the Onboarding Details step:

1. ERP Type — select Aggregator ERP.
2. ERP Provider — select Bank Open from the drop-down.
3. ERP Provider Unique ID — paste the Unique Key Identifier from Step 3.
4. Corporate Email ID — enter the business email that should receive all API Banking alerts and notifications.
5. Click Proceed.

Step 7 — Select API authorisation

On the API Details step:

1. API Group — select Payments.
2. Authorisation Mode — select Non-STP.
3. Individual APIs — select all available APIs. Authentication API is selected automatically.
4. Click Proceed.

Step 8 — Provide transaction details

On the Transaction Details step:

1. Review the total transaction limit the bank allows for payouts on Open Money.
2. Under Transaction User Detail, add the Name and Mobile Number of one user who can initiate payouts from this account on Open Money.
3. Click Proceed.

Step 9 — Accept terms and submit

On the Preview & Submit step, review all details, select I agree to the terms and conditions, and click Submit.

After submission, the View Status tab shows the application status against a reference number.

1. Click Download Omnibus Document.
2. Print it.
3. Submit it at your branch along with the board resolution and the signatures of authorised signatories.

Step 11 — Sync account data after approval

Once the branch approves the application, View Status shows Onboarding Completed and a new tab, Account details Sync with Aggregator, appears.

Open that tab and click Sync Data with Aggregator. On success, the Token Management tab is displayed.

Step 12 — Generate a token

The connection between your current account and Open Money stays active only while a valid token exists.

1. Open the Token Management tab.
2. Set Expiry Period (days) — maximum 30 days.
3. Click Generate New Token.
4. Click OK on the success message.

Step 13 — Sync the token

Click Sync Token with Aggregator, then OK on the success message.

Step 14 — Confirm the account on Open Money

Log in to Open Money and open the Banking page. Your SBI current account appears under Connected Accounts with its balance and transaction details.

Revoke a token

You can disconnect the SBI current account from Open Money at any time.

1. Open the Token Management tab on YONO Business.
2. Click Revoke Existing Token.
3. A warning confirms that no new transactions can be executed on Open Money until a new token is generated. Click Yes to confirm.

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Troubleshooting

Click here to view the flow