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In a move aimed at simplifying digital banking and improving financial awareness, State Bank of India has introduced a new feature in its popular mobile platform YONO that allows users to check their CIBIL score and detailed credit report directly within the app. The service has been rolled out in collaboration with TransUnion CIBIL, eliminating the need for customers to visit third-party websites or external platforms.

One App for Banking and Credit Health

The new addition reflects the growing shift toward integrated financial tools that combine banking, analytics, and financial education in a single interface. With this update, customers can now instantly access their credit score, review their credit history, and better understand their financial standing—all without leaving the app.

A CIBIL score is a three-digit number ranging from 300 to 900 that indicates a borrower’s creditworthiness. Banks and financial institutions rely heavily on this score when evaluating applications for loans, credit cards, or other credit products. A higher score typically signals responsible repayment behavior, while a lower score may indicate higher lending risk.

New Tools to Help Users Understand Their Score

The updated app does more than simply display a number. It also provides a complete credit report along with value-added features designed to help customers interpret and improve their scores. Among the highlights are:

• Score Simulator: Allows users to see how actions such as paying EMIs on time or taking a new loan might affect their score.

• Report Analysis: Offers insights into credit usage patterns and payment history.

• FAQs Section: Answers common questions about credit scoring and financial behavior.

• Gamified Learning Modules: Simplifies complex credit concepts through interactive lessons.

These tools are intended to make financial literacy more accessible, especially for users who may not be familiar with how credit scoring works.

Convenience and Data Security Benefits

Previously, customers often had to rely on separate portals or third-party apps to check their credit score, which could be time-consuming and sometimes raised concerns about data privacy. By integrating this functionality directly into the bank’s official platform, users can now review their credit profile in a more secure environment while saving time.

Financial experts say this step could encourage more people to monitor their credit health regularly rather than checking only when applying for a loan. Regular monitoring helps individuals spot errors, detect suspicious activity, and make informed financial decisions early.

Boost to Financial Awareness

Industry observers believe that embedding credit tracking within a banking app could significantly improve financial discipline among users. Many borrowers remain unaware of their credit score until they apply for credit and face rejection due to a low rating. Easy access to this information may motivate customers to adopt better financial habits, such as timely repayments and controlled credit usage.

A Shift Toward Smarter Banking

The collaboration between SBI and TransUnion CIBIL reflects a broader trend in digital banking, where apps are evolving into comprehensive financial management platforms. Beyond fund transfers and balance checks, modern banking apps now offer investment tools, budgeting insights, and credit monitoring features.

With this new capability, the YONO app aims to become not just a transactional tool but also a financial wellness companion. By giving customers real-time access to their credit data and educational resources, the bank hopes to empower users to make smarter financial choices and maintain a strong credit profile.