Banking

I want to register for SBI net banking through the YONO app, but I don't know my login ID and password. Can you please tell me how I can get them?

Yes, the BHIM app offers features like transaction history and QR code payments. There is a new updated version, BHIM 3.0. This update includes BHIM Vega, which lets you pay directly within apps. Additionally, it may have features to assist merchants in better viewing and comprehending their transactions.

If you're on the hunt for a credit card that fits your busy lifestyle and offers luxury, convenience, and awesome rewards, the SBI Card ELITE is a solid choice. It's designed for people who spend a bit more and appreciate the finer things in dining, travel, and entertainment. This card isn’t just about paying bills; it’s like having a VIP pass to a better spending experience, providing you with perks for both everyday purchases and special treats.

Great Welcome Bonuses & Entertainment Perks

When you activate your SBI Card ELITE, you receive ₹5,000 worth of vouchers from popular brands like Yatra and Pantaloons. Plus, you’ll earn movie tickets worth up to ₹6,000 a year — two complimentary ones each month! Just keep in mind that the tickets are capped at ₹250 each, and you need to book at least two. If you take full advantage of those movie ticket perks, it can significantly help offset the card's annual fee.

Points and Bonuses for Your Spending
With this card, you get rewarded for spending big. You can earn 5X points when you dine out, shop at department stores, or buy groceries (up to 10,000 points each month). For other purchases (except for fuel and rent), you’ll earn 2 points for every ₹100 you spend. Additionally, you can earn up to 50,000 bonus points each year if you meet specific spending goals, such as ₹3 lakh, ₹4 lakh, ₹5 lakh, or ₹8 lakh. Each point is worth ₹0.25, which means you could receive about ₹12,500 in total rewards.

Travel Made Easy
For those who travel often, the SBI Card ELITE has your back. You’ll receive a complimentary Priority Pass Membership (valued at $99) that allows you access to six international airport lounges per year. You can also enjoy two domestic lounge visits each quarter in India. And don't worry about foreign exchange fees — they're only 1.99%.

Fees and How to Waive Them
The annual fee is ₹4,999 plus taxes, but you can have it waived if you spend ₹10 lakh in a year. There’s also a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, capped at ₹250 per month.

Eligibility Criteria Age: 21 to 70 years (some say 18 to 60). Occupation: You can be salaried or self-employed. Credit Score: You need a good score. Citizenship: Indian citizens only. Documents You’ll Need Identity Proof: PAN card, Aadhaar, Driving License, or Voter ID. Proof of Income: Recent salary slips, Form 16, income tax returns, or three months' bank statements. Proof of Residence: Passport, Ration Card, electricity bill, Aadhaar, or Driving License. Application Form: Make sure to complete the application form. Photos: You'll need colored passport-sized photos. Other: A copy of Form 60 or your PAN card may be needed.

(The document list can change depending on the application process.)

How to Apply

You can apply for the SBI Card ELITE online or offline.

Online Application

Go to the official SBI Card website. Hit ‘Apply Now’ under the 'Apply' section. Pick SBI Card ELITE from the list and click ‘Apply Now.’ Fill out the online application form and submit it. A bank representative will reach out to guide you through the next steps. You might even get a direct link to apply, and if you meet the criteria, the card could be with you in about a week.

Offline Application
If you prefer to go in person, visit your nearest SBI branch. Bring along your documents and fill out the application there. Just double-check your eligibility and have your paperwork ready for a smooth experience.

Is It a Good Fit for You?

The SBI Card ELITE could be a great match if you're someone who spends a lot and can take advantage of its movie perks, extra rewards at restaurants and grocery stores, and lounge access. Sure, it has a high annual fee, but when you add up the value from the welcome perks, entertainment options, and travel benefits, it can definitely be worth it.

Use online EMI calculators (such as HDFC, BankBazaar, or Groww) to check your monthly repayment based on the tenure and interest rate. Keep your total EMI within 30–40% of your monthly income for better cash flow. Compare loan offers from multiple banks and NBFCs for the best interest rates

Yes, you can get a 0.4% return as well. The majority of customers receive their returns by carefully using their points to purchase particular goods or coupons, such as HDFC's "Gold Catalogue" for particular debit card types or their SmartBuy platform.

Check the SmartBuy portal and the perks of your HDFC debit card to obtain the best redemption possibilities.

SBI, HDFC, ICICI, and IDFC FIRST Bank all offer auto-sweep facilities. The interest is calculated on the fixed deposit rates created by the sweep. Minimum balances may vary for different banks. But IDFC offers more flexible options with lower thresholds.

If you don't need cash immediately, then it's better to put all the money in mutual funds. Trust me, it's a wise decision. For stable and steady growth, you could consider a balanced fund or a large-cap fund. The risk factor is very low in these types of mutual funds. 
If you want flexibility, you can transfer this money to your savings account to earn the interest, or you could just put in a short-term fixed deposit.

To improve the credit score, try to repay all the dues on time and try to reduce the usage of credit cards. These are some important thing that you need to do.

Apart from this, negotiating debt settlements and disputing genuine errors, credit repair services can also help.

Regalia Forex Plus is ideal for frequent travelers, as it has 0% cross-country markup in USD, which makes it more versatile, and you can spend in AED in the UAE with no need to pay an extra fee beyond the initial USD load rate. The multicurrency Forex card is best for travelers going, and it allows loading multiple currencies (including AED).

So for your UAE trip, I suggest using the Multicurrency card loaded directly with AED might be more straightforward, as you'd lock in the AED rate.