What Is Referral Code In SBI?

Are you curious to know what is referral code in SBI? You have come to the right place as I am going to tell you everything about referral code in SBI in a very simple explanation. Without further discussion let’s begin to know what is referral code in SBI?

State Bank of India (SBI), often referred to as the “Banker to Every Indian,” is one of the largest and most trusted banks in India. To expand its reach and offer additional benefits to both existing and potential customers, SBI has introduced the concept of a referral code. In this blog, we’ll explore what a referral code is in SBI, how it works, and the advantages it offers to both referrers and referees.

What Is Referral Code In SBI?

A referral code in SBI is a unique alphanumeric code or identifier provided by the bank to its existing customers. This code serves as a means for SBI customers to refer friends, family members, or acquaintances to open new accounts or avail specific banking services with the bank. The referral code helps track and credit the referral bonuses or rewards to both the referrer and the referee.

How Does The SBI Referral Code Work?

The SBI Referral Code works in a straightforward manner:

  1. Referral Code Generation: Existing SBI customers receive a unique referral code from the bank. This code is typically available through the bank’s official website, mobile app, or by visiting a branch.
  2. Referrer Shares the Code: The referrer shares their unique referral code with friends, family members, or anyone interested in opening an SBI account or availing certain banking services.
  3. Referee Uses the Code: The referee, i.e., the person referred to SBI by the referrer, provides the referral code when applying for the desired service or account opening.
  4. Benefits for Both: Upon successful completion of the referral process, both the referrer and the referee may become eligible for rewards or bonuses offered by the bank. These rewards can vary depending on the specific referral program in place.

Advantages Of The SBI Referral Code:

  1. Rewards and Bonuses: The primary benefit of the SBI Referral Code is that it offers rewards or bonuses to both the referrer and the referee. These incentives can include cashback, gift vouchers, or other promotional offers.
  2. Financial Incentives: For referrers, the referral code can provide an opportunity to earn financial incentives by referring new customers to the bank. This can be particularly beneficial for those looking to supplement their income.
  3. Ease of Account Opening: For referees, using a referral code can simplify the account-opening process, as it may expedite the application and approval process.
  4. Trust and Credibility: Referral codes often come from trusted sources, such as friends or family members. This can instill trust and confidence in potential customers, making them more likely to choose SBI.
  5. Customer Growth: For SBI, the referral code system is a strategic way to attract new customers and expand its customer base.


The SBI Referral Code is a win-win proposition for both existing customers and potential customers. It provides financial incentives and benefits to those who refer new customers to the bank while simplifying the account-opening process for the referees. This system also supports SBI’s mission to reach more customers and offer its comprehensive range of banking services to a wider audience. If you’re an SBI customer, exploring the referral code program can be a rewarding experience, both financially and in terms of helping friends and family discover the benefits of banking with India’s largest and most trusted bank.


How Can I Find My SBI Referral Code?

To begin, open the SBI Yono app. Go to the Menu option on the SBI Yono app dashboard now. Locate the Refer & Earn option and select it. You will then be given your own SBI Referral Code number, which you should copy.

What Is Referral Code In Yono SBI App?

To find your referral code in the SBI Yono app, open the app and follow the steps given below: Tap on the Menu hamburger icon (three horizontal lines) in the top left corner of the screen. Tap on the Refer & Earn option. There you will be able to see your referral code.

How Can I Use SBI Referral Code?

Steps for how to use the SBI referral code

  • Open the SBI Card App or download the app from the playstore.
  • Log in with your Card number to link your card with the App.
  • Find the ‘refer and earn’ option on the dashboard of the app.
  • Click on it and share the invitation link on social media.

What Is Bank Referral Code?

The referral code is the unique identifier that tracks who sent each referral. Often, it’s placed inside a customer’s referral link. The referral link is the entire link that customers share with friends when they participate in the referral program.

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