Which one better for logging in SBI YONO? Login ID and password or MPIN?

For those who are enjoying SBI YONO mobile application, you must have known that there are 2 ways to access your net banking. 

One is by using a User ID and password and the other is through MPIN.

We are here to find out which way is more convenient to login SBI YONO. 

But, before we do that, let’s know briefly about it. Especially for those readers who do not have or use the facility.

SBI YONO

The country’s largest bank, State Bank of India has its self driven mobile application based internet banking called YONO which stands for You Only Need One.

According to the official website, SBI YONO is an upgrade version of the erstwhile net banking app State Bank Anywhere which was discontinued recently with the introduction of YONO.

The bank is bringing in all sorts of financial dealings under one unified application which we now know as YONO. 

These financial and non-financial business segments are mentioned as

• All sorts of financial and non-financial transactions.
• Investment avenues such as SBI life, mutual fund and SBI General insurance. These were not available under State Bank Anywhere.
• Online shopping where SBI YONO is integrated with various online shopping malls such as Myntra, Amazon, Flipkart, Zabong and more. These are newly introduced with YONO.

The bank is trying to provide all your needs through SBI YONO. Starting from your financial assistance to daily household requirements. 

That’s all about SBI YONO, now let’s see which one is much better while logging in. Is it by using a User ID and password? Or is it better if we use MPIN instead?

Password credentials

In my view, using a User ID and password is slightly more beneficial than using MPIN. Here’s why it’s better

• User ID and password are more secure than just using MPIN. Hackers will have to crack both user ID as well as password whereas MPIN is just 6 random digits you create.
• Relying on MPIN all the time may lead to forgetting your user ID and password which is far more important than MPIN.
• To reset MPIN, user ID and password is required whereas vice-versa is not true.

MPIN

MPIN stands for Mobile Pin Identification Number. For SBI YONO it’s 6 random digits you create while registering net banking on a mobile-based YONO platform.

It’s very convenient for the user as one does not have to type all the details of the user ID and password. Instantly you can access your account by punching the MPIN.

Comparison

Comparing both user ID and password and MPIN, one can not say that one is better than the other. 

Both have their pros and cons which depend on the end-user. What precautions he takes while accessing internet banking matters a lot. 

Both are used to access your account. If you use it in such a manner that you maintain pure secrecy and also remember the user ID and password then there seems no harm in using both.

One thing to bear in mind is that, whenever you would want to change MPIN or password, you would require a user ID and password to do so. Even for recovering passwords or MPIN, you have to login using your user ID credentials.

And last but not least, do change both password and MPIN at a regular interval of time so that hackers have a hard time cracking your credential.

The rest is good. Wish you safe banking and secure your assets with a strong password or MPIN.

Also, read my article on the 10 best ways to stay away from fraudsters.