With millions of Indians already banking with the State Bank of India (SBI), it’s no surprise that YONO by SBI has become a popular option for online betting payments.
YONO – short for “You Only Need One” – brings together banking, investments, bill payments and more in one slick mobile app. For cricket bettors, it offers a safe and straightforward way to move money between your bank account and betting sites.
In this guide, we’ll cover everything you need to know about using YONO for online betting sites: how it works, which sites accept it, the pros and cons, and how it compares to other Indian payment methods.
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200% up to ₹1,00,000When depositing funds, simply choose either Net Banking or UPI, then select State Bank of India; the YONO app can be used to complete the payment securely.
YONO stands for “You Only Need One” – a digital banking and lifestyle platform launched by the State Bank of India in 2017. It was created to bring together a wide range of financial services under one roof, including:
It’s designed to give users full control of their finances via smartphone, making it particularly useful if you're an Indian bettors who wants a centralised, secure payment solution for betting sites.
With over 60 million users, YONO has become one of India’s most used mobile banking apps.
YONO is powered by India’s largest and most trusted bank – SBI – and it employs robust security protocols such as:
Since YONO handles both Net Banking and UPI payments, transactions are processed securely and comply with RBI regulations.
For Indian users, most transactions via YONO are free, especially for UPI payments. Net Banking transfers may include small service charges depending on the betting site and bank policies, but SBI is generally considered one of the most cost-effective options.
Speed matters, especially if you want to get your bets in before the toss. YONO processes UPI payments instantly; Net Banking transactions are also quick, though slightly slower in comparison.
Withdrawals from betting sites to an SBI account are typically processed within 24 hours, though some platforms may credit funds within just a few hours.
As with all regulated banking services in India, YONO requires full KYC verification. However, your payment details remain private and secure; no betting-related information is visible on your public bank statements.
In India, you can choose from several payment options including Paytm, Net Banking, UPI and mobile wallets. What sets YONO apart is its all-in-one approach – combining both Net Banking and UPI within a single app.
This is particularly useful if you want the flexibility of switching between methods, managing balances, or receiving withdrawals quickly. Compared to third-party wallets, YONO offers greater security and is directly linked to your bank account, meaning fewer middlemen and less risk of failed transactions.
If you already bank with SBI, using YONO for betting sites is one of the most practical and secure choices available.
Although it might seem slightly complicated, if you follow these steps you'll be able to use YONO for placing wagers in no time:
For depositing, funds will usually be added to your betting account within seconds if using UPI; Net Banking may take a few minutes longer.
Withdrawals to your YONO/SBI account are often completed within a few hours, though it may take up to 24 hours on some sites.
For Indian cricket fans who want to make bets on cricket match predictions, YONO betting offers a safe, reliable and mobile-friendly way to fund your betting account. It combines the power of Net Banking with the speed of UPI, all underpinned by the trust and reliability of the State Bank of India.
Whether you're betting on the IPL or international cricket, YONO offers a straightforward way to handle your payments with minimal fuss. If you already have an SBI account, it’s one of the best payment methods available currently.
Yes. You can deposit using UPI or Net Banking and withdraw directly to your SBI account via bank transfer or UPI.
Absolutely. YONO is managed by SBI and uses high-level encryption, OTPs and biometric security.
Most UPI payments are free. Some Net Banking transactions may carry small service charges depending on your betting operator.
Any site that accepts UPI or SBI Net Banking is compatible with YONO. Check our recommended list above.
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