New Delhi: In times of pandemic, gold has attracted investors because it is seen as a safe haven asset in uncertainty. As per the Reserve Bank of India (RBI) notification, the price offered in this Sovereign Gold Bond Scheme 2021-22  Series IV is Rs 4,807 per gm. The government in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond is Rs 4,757 per gm.

The largest public sector bank has informed its customers through a tweet on reasons to invest in this scheme.

ALSO READ: Fuel Price Hike: After 2-Day Hiatus Petrol And Diesel Prices Rise Again. Check Latest Rates

Check the reasons below to invest in Sovereign Gold Bonds:

• Highest Returns: Among other available investing options in gold, SGBs offer the highest returns, which includes capital appreciation (market returns due to increase in the prices of gold) as well as additional interest @ 2.5 percent per annum.
• Low Tax: Even as the annual interest income of 2.5 percent received is taxable but if you hold SGBs till maturity, there will be no capital gain tax on the investment. But in the case of Gold ETFs or gold funds capital gains earned after three years of investment are taxed at 20 per cent after indexation.
• Loan facility: Can be used as collaterals for loans
• No storage problem: Secure, no storage hassles like physical gold
• Liquidity: Tradable on exchanges

Besides this there will be no application of GST, making charges, unlike physical gold which makes it a lucrative option to invest.

At a time when COVID-19 has a severe impact on the economy, many banks are coming up with doorstep banking facilities so that people can get all the important facilities at the comfort of their homes.

One such bank is the State Bank of India (SBI) which is also providing doorstep banking services to its customers. The bank is offering three types of services including Pick-Up Services, Delivery Services, and Other Services.

The pick-up services include cheques/drafts/pay orders, new cheque book requisition slips, IT challan, and standing instructions request. Meanwhile, the delivery services include drafts/pay orders, term deposit receipts, account statement, TDS/Form-16 Certificate, and gift card. While other services include cash withdrawal and digital life certificate for pensioners.

Check out the important features of SBI doorstep banking:

1. Registration is done at the Home Branch.

2. Requests for Doorstep Banking Services should be made only at the Home Branch.

3. Cash withdrawal and cash deposit is restricted to Rs 20,000 per transaction every day.

4. Service charges per visit for Non-financial transactions is Rs 60+GST and Rs 100+GST for financial transactions.

5. Withdrawal will be permitted using cheque / withdrawal form with Passbook.

6. The delivery would be completed on a best effort basis but not later than T+1 working day (holidays excluded).

Eligibility:

1. Senior Citizens of more than 70 years of age and differently abled or infirm Persons (Having medically certified chronic illness or disability) including those who are visually impaired.

2. Fully KYC compliant account holders.

3. Valid Mobile Number should be registered with the account.

4. Single account holders and Joint Account Holders with Either or Survivor/ Former or Survivor.

This facility is not available for accounts operated jointly, minor accounts, accounts of non-personal nature, customers having registered addresses within a radius of 5 KMs from the Home Branch.

Service Charges: Doorstep Banking Services would be provided to customers on chargeable basis, the present rates being as follows:

Financial/ Non-Financial Services: Rs 75/- + GST

Calls made to Call Centre for enquiry purpose (where Agent for service delivery is not required)- No Charge

Here’s how to register in Doorstep Banking App?

Step 1: Download the Doorstep Banking app from the app store for iOS and play store for Android.

Step 2: Provide a mobile number to register.

Step 3: OTP will be generated from System and sent to your mobile.

Step 4: Enter OTP in DSB App.

Step 5: On confirmation, provide your name and Email (optional) Password (PIN) and accept the terms and conditions.

Step 6: On registration, DSB system sends welcome SMS.

Step 7: Login in APP with PIN for entering additional information.

Step 8: Select Add address option and enter address details. More than one address can also be added and stored in the DSB App. You can add, edit or delete addresses any time.

SBI Doorstep Banking Services can further be accessed through Mobile App, Web Portal and Call Centre.

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New Delhi: If you are a State Bank of India (SBI) customer, then we have important news for you. SBI said that its net banking services will remain unavailable on July 10 and July 11 for a few hours. 

Besides net banking services, SBI customers won’t be able to use YONO, YONO Lite or UPI services as well. Taking it to Twitter, SBI urged its customers to bear with the bank as it aims to offer a better banking experience. 

“We request our esteemed customers to bear with us as we strive to provide a better Banking experience,” SBI’s tweet read. 

If you have to do any important transaction, then you should settle it immediately before the temporary suspension comes into effect. In its tweet, the SBI also notified the timings for the scheduled maintenance activities that will start from 10.45 pm on July 10 to 12.15 am on July 11. 

“We will be undertaking maintenance activities between 22:45 hrs on 10.07.2021 and 00:15 hrs on 11.07.2021. During this period, Internet Banking / YONO / YONO Lite / UPI will be unavailable. We regret the inconvenience caused and request you to bear with us,” SBI said. Also Read: BMW R 1250 GS, BMW R 1250 GS Adventure launched: Check price, features and details: In Pics

Meanwhile, SBI has appealed to its customers to keep changing their passwords continuously. The bank said that changing passwords is like a vaccine against the virus. Cybersecurity researchers of SBI customers have issued a warning regarding Chinese hackers who are using KYC tactics to conduct online fraud. Also Read: Mother Dairy increases milk price by Rs 2 per litre, check latest rates

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New Delhi: In fresh trouble for the State Bank of India (SBI), hackers of Chinese origin are targeting bank users with phishing scams, asking them to update their KYC using a particular website link and offering free gifts worth Rs 50 lakh from the bank via a WhatsApp message, cybersecurity researchers warned on Wednesday.

The research wing of New Delhi-based think tank CyberPeace Foundation, along with Autobot Infosec Pvt Ltd, studied two such incidents on the name of SBI that were faced by some smartphone users.

“All the domain names associated with the campaign have the registrant country as China,” the research team said.

In the first case of the text message requesting KYC verification, the landing page that appears resemble with the official SBI online page.

On clicking the “Continue to Login” button, it redirects the user to full-kyc.php page, asking confidential information like username, Password and a captcha in order to login to the online banking.

“Following this, it asks for an OTP sent to the user`s mobile number. As soon as the OTP is entered, it redirects the user to another page that asks the users to enter some confidential information again like account holder name, mobile number, date of birth. After entering the data, it redirects the user to an OTP page,” the researchers informed.

The research team came to a conclusion that the campaign is pretended to be launched from State Bank of India but hosted on the third-party domain instead of the official website www.onlinesbi.com, which makes it more suspicious.

The overall layout of the web page used in the campaign is kept similar to the official SBI netbanking site to lure the users.

The SBI was yet to react to the report.

In the second case of luring users to win attractive free gifts, the team found that the WhatsApp message also redirects the user to a link.

“On the landing page, a congratulations message appears with an attractive photo of State Bank of India and asks users to participate in a quick survey to get a free gift of Rs 50 lakh from the State bank of India,” the researchers informed.

At the bottom of the page, a section appears which seems to be a Facebook comment section where many users have commented about how the offer is beneficial.

The Research teams investigated the URLs in a secured sandbox environment where the WhatsApp application was not installed.

The researchers recommend that people should avoid opening such messages sent via social platforms.  

“The URL manipulation showed that the web server has directory listing enabled and found other links visible which proves that not only the SBI users, IDFC, PNB, IndusInd and Kotak bank users are also targeted by the same type of phishing scam,” the team noted. Also Read: You may not get ration from fair price shops? Check big news regarding PDS card criteria

In March this year, the same research team had pointed out that several users of the SBI were targeted in a phishing scam where hackers flooded them with suspicious text messages, requesting them to redeem their SBI credit points worth Rs 9,870. Also Read: Top 5 upcoming electric bikes with up to 240 Km range, 70 minutes full charge and more!

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Are you in need of money in these tough times? State Bank of India (SBI) has come to the rescue as you can get financial assistance with the help of SBI’s KAVACH personal loan.

In its tweet, SBI said, “Introducing KAVACH Personal Loan by SBI. As the nation battles this dreadful virus, we are providing financial aid to you and your family members for Covid treatment. Know more: bit.ly/3AjlbU6 .” 

Notably, KAVACH personal loan is available for SBI customers at the lowest interest rate of 8.50 percent per annum. The SBI customer needs to keep the following things in mind while availing of the loan. They are as follows: 

1) The customer can take a loan under KAVACH up to a maximum amount of Rs 5 lakh. 

2) The repayment of the loan should be done within 60 months that includes the three months of the moratorium. 

3) Also, for availing this loan, one has to present the COVID-19 positive report

According to details mentioned in the SBI website, it is important to note that the purpose of this loan is for COVID-19 treatment of self or family members who are found COVID-19 Positive on or after April 1, 2021. The target group for this loan includes the salaried, non-salaried, as well as pensioners who are customers of the bank.

Therefore, SBI customers must note that the KAVACH personal loan can be obtained via the branch channel, as well as the digital channel which is pre-approved through YONO. 

For further details related to the KAVACH personal loan, one can log in to the official website of SBI at the bank.sbi or call at 1800 11 2211.

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New Delhi: State Bank of India (SBI) customers won’t be able to use the internet banking services on July 4 for a few hours as the bank would be undergoing scheduled maintenance. Overall, the bank’s internet banking services will remain suspended for 2 hours and 25 minutes. Besides internet banking services, customers won’t be able to use YONO/YONO Lite/ UPI services due to the scheduled maintenance that will last for over two hours on Sunday. 

SBI informed its customers about the temporary outage via Twitter. On its Twitter handle, SBI said, “We request our esteemed customers to bear with us as we strive to provide a better banking experience.”  

In a photo attached with the tweet, SBI said, “We will be undertaking maintenance activities between 03:25 hrs and 05:50 hrs on 04.07.2021. During this period, Internet Banking / YONO/YONO Lite / UPI will be unavailable. We regret the inconvenience caused and request you to bear with us.” 

We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/l7dsyoQcsu

— State Bank of India (@TheOfficialSBI) July 2, 2021

SBI also faced a similar outage last month on two different occasions wherein its internet banking services, along with YONO, YONO Lite and UPI remained suspended for a few hours. Also Read: 
Amazon asked to change Alexa’s name by parents in UK, here’s why

Notably, scheduled maintenances improve our digital banking experience. The bank also fixes flaws to make digital banking safer than ever. In terms of network and reach, SBI is the country’s largest bank. It operates more than 22,000 branches across the country along with a strong network of 57,889 ATMs. Also Read: Centre won’t change FDI policy for e-commerce sector: Commerce Minister Piyush Goyal

State Bank of India is going to bring changes in the service charge from July 1. That is, from Thursday, SBI will revise the service charges for withdrawing cash from its ATMs and bank branches. According to the information, the new charge will be levied on the chequebook and other non-financial transactions.

The bank has published this information on its website. SBI will give 10 cheques free of cost to BSBD account holders in a financial year. Thereafter SBI will charge a certain amount for issuing the cheques. Customers will now pay Rs 40 (including the GST) for a 10-page chequebook. On the other hand, a chequebook of 25 pages will cost Rs 75.

However, senior citizens will be exempted from these new service charges on chequebooks. According to the SBI website, BSBD account holders will be able to make four free cash withdrawals per month from ATMs and bank branches. After free four withdrawals, the bank will charge Rs 15 along with GST for every transaction. Cash withdrawal charges will be applicable at home branches and ATMs and non-SBI ATMs.

Senior Citizens Exempted

The bank has exempted senior citizens from paying additional service charges. Therefore, senior citizens will not have to pay these new service charges on the chequebook.

BSBD Account Facility For Underprivileged . . . .

SBI BSBD account is known as a zero balance savings account. This account is opened mainly for underprivileged sections of society. The bank offers the same interest rate on zero balance accounts as on regular savings bank accounts.

People Who Are Completely Vaccinated Must Continue To Wear Masks, WHO issues alert.

India’s largest lender, State Bank of India (SBI) has made changes in services like cash withdrawals from ATMs and bank branches. Come July 1, these new charges will be applicable on chequebook, transfer and other non-financial transactions, as per the details mentioned on the website. This will also apply to Basic Savings Bank Deposit (BSBD) account holders.

Details about new rules and charges

From July 1, SBI would now provide 10 cheque leaves free in a financial year to BSBD account holders and then the bank will levy a certain amount for providing cheques.

10 leaf cheque Book at Rs 40 plus GST

25 leaf cheque Book at Rs 75 plus GST

Emergency Cheque Book: Rs 50 plus GST for 10 leaves or part thereof.

Notably, these new charges will not be applicable to senior citizens.

According to the SBI’s website, four free cash withdrawals will be available — including ATMs and bank branches every month for BSBD account holders. 

The bank will further apply a fee of Rs 15 plus GST for every transaction that crosses the free limit. The service charge will be applicable at home branch and ATMs and non-SBI ATMs which means BSBD account holders of BSI will have to pay a service charge for making more than four free cash withdrawals in a month.

SBI will not charge for any non-financial transactions by BBSD account holders at home and non-home branches. For BSBD account holders, transfer transactions will also be free at branch and alternate channels

At non-home branches, the cash withdrawal limit rose for all. The bank stated, “To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form.”

The withdrawal limit at SBI branches was hiked to Rs 1 lakh per day with the help of cheque. While, the cash withdrawal has been increased to Rs 25,000 per day, using a withdrawal form along with a savings bank passbook.

Besides that, the third-party cash withdrawals have been fixed at Rs 50,000 per month (only using cheque). 

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New Delhi: State of Bank of India (SBI), India’s largest state-owned bank, is offering a doorstep banking facility, using which customers can avail several services otherwise offered only at physical branches or ATMs. For starters, customers can literally order cash to be delivered right to their homes under the doorstep banking facility. However, SBI is offering the services to customers of select branches only. Besides the cash delivery service, SBI’s doorstep banking facility offers other services such as cash or cheque pickup. Also Read: Syndicate Bank IFSC code will change from July 1, here’s how to get new one

Customers can also use the service to get cheque requisition slip pickup, form 15H pickup, delivery of drafts, life certificate pickup and KYC documents pickup, among others. Also Read: Unbelievable! Tesla Supercharger station gets direct service from McDonalds

Things you should know before using the SBI Bank cash delivery facility 

1. At present, SBI has capped the cash withdrawal and cash deposit service to Rs 20,000/-per transaction per day.

2. The service request can be made between 9 am to 4 pm only on working days.  

3. Only the home branch will offer doorstep banking services.

4. Customer has to be KYC-compliant to use the cash delivery service. 

5. Customers will have to pay Rs 100 + GST on cash delivery and cash deposit 

6. You have to call 1800111103 to order cash at home. 

7. Customers need to be present within the 5Km radium of the bank to avail the service. 

8. You can withdraw the money using a chequebook or passbook.

New Delhi: State Bank of India (SBI) has announced revision in service charges for its Basic Savings Bank Deposit (BSBD) Account holders that will kick in from next week (July 1). For cash withdrawal, at branches charges will be recovered beyond 4 free cash withdrawal transactions (including at Branch & ATM) and at ATMs charges will be recovered beyond 4 free cash withdrawal transaction (including at ATM &Branch).

The Additional Value Added Services will come into effect from July 1, 2021, SBI said.

These SBI charges pertain to cash withdrawal at branches and at ATMs, charges related to Cheque Book, transfer and other non-financial transactions.

BSBD account holders will have to follow these charges for cash withdrawal:

Rs 15 plus GST per cash withdrawal transaction at Branch Channel/ATM.

i. SBI ATMs: Rs 15 +GST

ii. Other Bank’s ATMs: Rs 15 + GST

The following charges will be levied for Cheque Book

i. First 10 cheque leaves FREE in a financial year.

ii. Thereafter:

a. 10 leaf cheque Book at Rs. 40/- +

GST

b. 25 leaf cheque Book at Rs. 75/- +

GST

c. Emergency Cheque Book:

Rs. 50/- + GST for 10 leaves or part thereof.

However, Senior Citizen customers are exempted.

The Non-Financial Transactions at Branch Channel/ATM/CDM/ will be free for BSBD account holders in both SBI and other banks. Transfer Transactions of BSBD account holders will be free for branch and alternate channels.

 

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New Delhi: To provide enhanced support to the healthcare sector amid the pandemic, the State Bank of India (SBI) has launched the Aarogyam healthcare business loan. Under this new product, the entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistic firms engaged in critical healthcare supply can avail of loans up to Rs 100 crore (as per the geographic location) repayable in 10 years, the country’s largest state-owned bank said in a statement.

The Aarogyam loan can be availed either as a term loan to support expansion or modernisation or as working capital facilities such as cash credit, bank guarantee/letter of credit, it said.

In metro centres loans under Aarogyam can be availed up to Rs 100 crore, Tier I & Urban centres up to Rs 20 crore and in Tier II to Tier VI centres up to Rs 10 crore, SBI said.

The beneficiary units/borrowing Companies availing loan of up to Rs 2 crore will not be required to offer any collateral or security to the bank as this will be covered under the guarantee scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), it said. Also Read: Vivo V21e launched in India with special inaugural offer: Price, specs and more details

SBI Chairman Dinesh Khara said, “We believe this special loan product will provide the much needed financial support to enable expansion/modernisation of existing facilities and also the creation of new facilities. With Aarogyam Healthcare Business Loan, our endeavour is towards strengthening the healthcare infrastructure across the entire country.”

Aarogyam Healthcare business loan will be eligible under the COVID loan book being created by banks announced by RBI as part of COVID relief measures. Also Read: Local trains to resume from Friday for select categories as Chennai unlocks

Chennai: The details of the recent theft from the largest bank State Bank of India’s (SBI) deposit machines to the tune of Rs 48 lakh seem no less than a script of a Bollywood movie. One person has been arrested in connection with the case from Haryana in connection with the theft of various cash deposit machines of SBI in Tamil Nadu.

In a first-of-its-kind robbery, the police have recovered Rs 4.5 lakh from him. Around 14 cases of such fraud in SBI ATMs have taken place in the city from June 15-18, as per the police release and more than five groups of people are suspected to be behind this ATM crime.

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As per the official release, investigation by a special team said “some accused have come from northern States and committed these offences.” The release said almost Rs 45 lakh has been syphoned off. The special team has arrested Amir Arsh of Ballabhgarh with the help of the Haryana State police.

In the course of the investigation, the accused confessed to the crime and explained the modus operandi and provided other leads.

“It is learnt that more than five groups have operated in Chennai city. A sum of Rs 4.5 lakh was recovered from him (the arrested person). The special team is camping at Faridabad to arrest the remaining accused,” it added.

What was the modus operandi?

A total of Rs 48 lakh has been stolen from Automated Cash Withdrawal and Deposit Machines also known as Cash Deposit Machines (CDM) located in various places, including Velachery here.

There is a 20-second window at the time of withdrawal in ATMs for customers to take the cash and if it was not done, the cash goes back into the machines.

If not taken, the lid of the machine would slide and get closed.

The suspects seem to have meticulously planned the theft. The probe revealed that the accused first took the cash from the machines (using withdrawal option in such machines) and managed to block the sensor signals for a while using their hands by keeping the lid open.

While the sensors appeared to have misread this action for “cash not being taken away” by customers and sent messages to servers that cash has not been withdrawn. Even as the related bank accounts were not debited while cash was taken away from machines.

The State Bank of India (SBI), also halted the operation of its ATMs in Tamil Nadu after a two-member gang exploited technical flaws and stole at least Rs 48 lakh.

Chennai: A series of ATM thefts using a unique method, without physically tampering the machine has come to the fore in Chennai.

The modus operandi of the criminals has been to target the withdrawal-cum deposit machines that are installed in some State Bank of India branches. It is notable that theft via this method does not raise an alarm in an ATM, unlike the cases where the machine is physically damaged or tampered with.

While performing a withdrawal transaction, the criminals block a sensor on the machine. This is a sensor meant to detect whether the cash has been collected or not. In about 20 seconds, when the cash is not collected the machine would take the cash back in.

In this case, when the sensor is blocked, the machine assumes that the cash has not been withdrawn and takes the cash back in. Hence, the money goes into the hands of the criminals, but the same does not reflect in the bank’s system or the concerned account.

Over Rs 10 lakhs have reportedly been fraudulently withdrawn from such machines. The authorities suspect that the culprits are from other states and operated in Chennai for a few days before moving out.

Two special teams have been formed to nab the culprits. Meanwhile, SBI is understood to have temporarily suspended the withdrawal of cash from the involved ATM cum deposit machines. Senior SBI officials have also met the Chennai Police Commissioner to discuss the further course of action.

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KYC frauds have increased a lot these days. Earlier, Delhi Police also issued a warning to customers so that they don’t click on spurious links. Now the State Bank of India (SBI) has issued an alert for its customers on the KYC (Know Your Customer) fraud and said that the fraud is real, and it has proliferated across the country.   

In its tweet, SBI said, “KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details.”

The bank has further urged its customers to immediately report if any such incident occurs on the National Cyber Crime Reporting Portal https://www.cybercrime.gov.in/, which comes under the ambit of the Ministry of Home Affairs. These fraudsters bring out sensitive personal data through text messages or spam calls pretending to be the bank representative.

An initiative of the Government of India, this portal helps in raising complaints to report cybercrime complaints online. This portal caters to complaints pertaining to cybercrimes only with a special focus on cybercrimes against women and children.  

Law enforcement agencies or police investigate the matter after complaints raised on this portal. Therefore, it is advisable to give correct and accurate details while filing a complaint about prompt action. 

SBI has further come up with a few safety tips that need to be followed in order to prevent KYC fraud from happening. The safety tips are that customers should think before clicking any link. The Bank never sends links to update KYC and doesn’t share your mobile and confidential data with anyone.  

KYC is basically required by banks to cross-check their customers’ identity. Considering the pandemic situation, the Reserve Bank of India (RBI) had asked banks not to impose any punitive restriction against customers if they fail to update their KYC till 31 December 2021. 

SBI said that if their customers notice any unauthorised transaction in their bank account, they must report it immediately to the toll-free customer care numbers, apart from complaining to the national cybercrime portal. 

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New Delhi: State Bank of India’s (SBI) online services such as internet banking YONO and UPI, among others, will come to a temporary halt, as the country’s largest state-owned bank is all set to undergo maintenance activities once again in June. 

SBI said that its internet banking services will remain unavailable on June 20 for about 40 minutes so that it can work on its scheduled maintenance activities. The bank took it to Twitter to update users about the unavailability of the services. 

“We request our esteemed customers to bear with us as we strive to provide a better banking experience,” SBI tweeted. In a message along with its tweet, the bank said that it’ll be undertaking maintenance activities between 01:00 hrs and 01:40 hrs on 20.06.2021. Also Read: Brace yourselves ‘Jamtara’ scamsters! National helpline launched to trace online frauds, check details

“During this period, Internet Banking / YONO / YONO Lite / UPI will be unavailable. We regret the inconvenience caused and request you to bear with us.” 

We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/vW41S6HhxW

— State Bank of India (@TheOfficialSBI) June 18, 2021

Prior to this, SBI’s internet banking, YONO, YONO Lite and UPI services were temporarily unavailable on June 17 for a few hours. Similarly, there have been many outages in the bank’s digital offering in the last few weeks due to regular maintenance. 

It is important to note that these scheduled maintenances improve our digital banking experience. The bank also fixes flaws to make digital banking safer than ever. 

In terms of network and reach, SBI is the country’s largest bank. It operates more than 22,000 branches across the country along with a strong network of 57,889 ATMs.  Also Read: Indians’ black money increased in Swiss banks? Check what Centre has to say

New Delhi: State Bank of India (SBI) is extremely active on social media. The public sector lender also issues several alerts related to consumer convenience and safety from time to time.

In its latest tweet, SBI has alerted the bank’s users to be very careful with the links that come on their email.

“Are you receiving these links in your inbox? Steer Clear! Clicking on these phishing links could lead to loss of your personal and confidential information. Stay alert. Think before you click!,” SBI has tweeted.

Are you receiving these links in your inbox? Steer Clear! Clicking on these phishing links could lead to loss of your personal and confidential information. Stay alert. Think before you click!#ThinkBeforeYouClick #StayAlert #StaySafe #CyberSafety pic.twitter.com/URZcURvECl

— State Bank of India (@TheOfficialSBI) June 17, 2021

The tweet asks bank’s customers to stay away from ‘Free gift’ promises.

Free gift from the national bank of India? Don’t take the bait and beware of phishing links offering freebies.

New Delhi: Country’s largest lender State Bank of India (SBI) has alerted the customers on its online banking services that will remain affected for a couple of hours.

SBI has said that the bank’s INB/YONO/ YONO Lite/ UPI services will be unavailable on June 17. The bank has also informed the customers about the specific timings when its online services will remain unavailable.

We request our esteemed customers to bear with us as we strive to provide a better banking experience, Tweeted SBI.

“We will be undertaking maintenance activities between 0:30 hrs and 2:30 hrs on 17.06.2021. During this period INB/YONO/ YONO Lite/ UPI services will be unavailable. We regret the inconvenience caused and request you to bear with us,” SBI has tweeted.

We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/hxN9ptHQy5

— State Bank of India (@TheOfficialSBI) June 15, 2021

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country.

The number of customers using internet banking and mobile banking stand at 85 million and 19 million respectively. The integrated digital and lifestyle platform by SBI – YONO has crossed 74 million downloads mark. YONO which has over 34.5 million registered users, witnesses 9 million logins per day. Accelerating the digital agenda, SBI has opened over 1.5 million accounts through YONO in the quarter ended December 2020 with nearly 91% of YONO eligible savings bank customers migrated on YONO.

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The State Bank of India (SBI) has time and again sent alerts on how to stay away from hackers and besides that offers several facilities to its customers. offers various facilities to its customers. If an SBI customer wishes to generate a PIN for a debit card, he/she can dial a toll-free number at 1800-11-22-11 or 1800-425-3800.

Recently, the bank tweeted, “Here are the easy steps to generate your Debit Card PIN or Green PIN via our toll-free IVR system. Don’t hesitate to call 1800 112 211 or 1800 425 3800.”

Therefore, SBI has eased up the process to generate the Debit Card PIN or the Green PIN for its customers at IVR through the contact centre. In order to generate it, one has to dial the toll-free number at 1800-11-22-11 or 1800-425-3800 from the registered mobile number. 

After that, press 2 for services related to ATM/ Debit Cards. Following this, one has to press 1 for PIN generation.

Then press 1 if he or she is calling from his or her registered mobile number or else, one has to press 2 in order to speak to an agent.

If one is making a call from one’s registered mobile number, after pressing 1, the SBI customer has to enter the last five digits of the ATM card for which he or she wishes to generate a Green PIN. Then again, press 1 to confirm the last five digits. After that, one has to press 2 to re-enter the last five digits of the ATM card.

After that, one has to enter the last five digits of his or her account number. Then, the SBI customer has to press 1 to confirm the last five digits. Following this, one has to press 2 to re-enter the last five digits of the account number.

After that, enter his or her year of birth and then one can easily generate one’s Green PIN.  The Green PIN will be sent to the registered mobile number. Finally, one has to change the PIN sent on the registered mobile number within 24 hours by visiting any SBI ATM.

It is important to note that in case there are multiple CIF linked with the registered mobile number, IVR will transfer the call to the contact centre agent.

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New Delhi: State Bank of India (SBI) has said that most of its digital financial services such as internet banking, YONO and Unified Payments Interface (UPI) will remain unavailable on Sunday. 

The largest state-owned bank has cited maintenance activities as the reason behind the temporary shutdown of the services. “We will be undertaking maintenance activities between 02.40 hrs and 06.40 hours on 13th June,” SBI said in a tweet. 

We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/FxegFbT5YP

— State Bank of India (@TheOfficialSBI) June 12, 2021

 

“During this period INB/YONO/YONO Lite/ UPI will be unavailable. We request our esteemed customers to bear with us as we strive to provide a better banking experience,” the bank said in its tweet.

SBI underwent a similar temporary shutdown last month where services such as Yono, Yono lite, internet banking, Unified Payments Interface (UPI) remained unavailable for a few hours. Also Read: Alert! SBI, PNB issue THIS important warning for customers

The temporary shutdown is expected to impact over 85 million internet banking and 19 million mobile banking customers of the SBI. Over 135 million UPI users will also not able to process their payments. 

In India, SBI is the largest bank in terms of network and reach. The bank operators more than 22,000 branches and over 57,889 ATMs in almost every nook and cranny of the country. Also Read: SBI DEBIT CARD
Lost your SBI ATM card? Here is how to get it blocked

 

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Have you lost your State Bank of India (SBI) debit card? Don’t panic! You can easily get your ATM cum Debit Card blocked through OnlineSBI.

“You can now Block your SBI ATM cum Debit Card through OnlineSBI, in case your card is lost or stolen,” SBI said.

You can further follow few simple steps to block your ATM cum Debit Card:

Step 1: Log in to www.onlinesbi.com with your username and password.
Step 2: Select “ATM Card Services>Block ATM Card” link under the “e-Services” tab.
Step 3: Select the Account, under which you want to block your ATM cum Debit Card.
Step 4: All the Active and blocked cards will be displayed. You will be shown the first 4 and last 4 digits of the card(s).
Step 5: Select the Card and click “Submit”.  Next, verify the details and confirm.
Step 6: Select the mode of authentication as either SMS OTP or Profile Password.
Step 7: Enter the OTP password /Profile password as chosen earlier and Click “Confirm” on the next screen.
Step 8: A success message would be displayed with a Ticket No. after successful blocking of your ATM cum Debit Card. You are advised to note this Ticket No. for future reference.

 

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New Delhi: State Bank of India (SBI) has launched a collateral-free loan personal loan to let borrowers cover the expenses related to COVID-19 treatment of self or family memebers. 

In a press statement, SBI said that the “Kavach Personal Loan covers expenses of COVID treatment of self and family members of the customer.” 

The state-owned bank is offering a personal loan worth up to Rs 5 lakh at an impressive interest rate of just 8.5% per annum for 60 months. The best part about the loan is that the bank is offering a three months moratorium on EMI repayments. 

“This unique product is being offered under the collateral-free personal loan category. Reimbursement of expenses already incurred for COVID related medical expenses shall also be provided under the scheme,” SBI’s press release noted.

Chairman of SBI Dinesh Khara noted that the scheme will help many customers who are facing troubles in paying hospital and other expenses related to COVID-19. Also Read: THIS bank outperforms ICICI, HDFC, AXIS, SBI to emerge as best bank in India, complete list here

“We believe this new scheme will offer much-needed financial assistance to the people to manage the COVID treatment-related expenses without any hassle. With this strategic loan scheme, our aim is to provide access to monetary assistance – especially in this difficult situation for all those who unfortunately got affected by COVID.” Also Read: Alert! SBI, PNB issue THIS important warning for customers

 

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India’s largest bank State Bank of India (SBI) and Punjab National Bank (PNB) have warned its customers about the various online hacking and frauds that have increased especially during the COVID-19 pandemic. Issuing important safety alerts, both SBI and PNB have conveyed that their customers safety is their utmost priority.

SBI has alerted its customers by asking them not to download any app on the advice of strangers or from any untrustworthy source. SBI customers must download apps only from verified sources.

“Do not download any app on your mobile based on the advice of unknown persons,” SBI tweeted. State Bank of India has stated, “It is possible that messages including OTP/PIN/CVV may be read remotely.”

Similarly, the State Bank of India stated that “Make safety your priority. Choose to make contactless payments with NFC enabled Debit Cards.”

In its safety alert, SBI advised its customers to choose the safer option with SBI Debit Cards during physical payments.

NFC or Near-field communication facility is available in a few selected SBI debit cards which can be enabled or disabled via internet banking.

Besides that, SBI customers can also do contactless payments with the TAP and Pay feature at the POS machine.

Meanwhile, Punjab National Bank (PNB) has alerted its customers by saying, “Tapping and dialing directly from browser on any number can make you vulnerable to fraudulent activities. To report Cyber Crime, visit: https://cybercrime.gov.in . Be mindful of what you tap on!”

PNB has warned its customers that clicking on links or tabs can land you in trouble. “Want to connect with bank’s call centre? Remember! Clicking on links or tabs can land you in trouble. Always search the official website of the bank for contact numbers and stay safe!”

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New Delhi: State Bank of India (SBI) has announced revision in service charges for its Basic Savings Bank Deposit (BSBD) Account holders that will kick in from next month.

The Additional Value Added Services will come into effect from July 1, 2021, SBI said.

These SBI charges pertain to cash withdrawal at branches and at ATMs, charges related to Cheque Book, transfer and other non-financial transactions.

For cash withdrawal, at branches charges will be recovered beyond 4 free cash withdrawal transactions (including at Branch & ATM) and at ATMs charges will be recovered beyond 4 free cash withdrawal transaction (including at ATM &Branch).

BSBD account holders will have to follow these charges for cash withdrawal:

Rs 15 plus GST per cash withdrawal transaction at Branch Channel/ATM.

i. SBI ATMs: Rs 15 +GST

ii. Other Bank’s ATMs: Rs 15 + GST

The following charges will be levied for Cheque Book

i. First 10 cheque leaves FREE in a financial year.

ii. Thereafter:

a. 10 leaf cheque Book at Rs. 40/- +

GST

b. 25 leaf cheque Book at Rs. 75/- +

GST

c. Emergency Cheque Book:

Rs. 50/- + GST for 10 leaves or part thereof.

However, Senior Citizen customers are exempted.

The Non-Financial Transactions at Branch Channel/ATM/CDM/ will be free for BSBD account holders in both SBI and other banks. Transfer Transactions of BSBD account holders will be free for branch and alternate channels.

 

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New Delhi: In the wake of the COVID-19 Pandemic, State Bank of India has come up with a host of facilities that allows you to get your work from the comfort of your home. For these functions, you don’t have to visit the bank branch any more. SBI Doorstep Banking (DSB) Services is one such facility that the bank’s customer can avail.

Since 2018, SBI has been offering a variety of Doorstep Banking (DSB) Services. The following Doorstep Banking Services are available at select branches (w.e.f. 05.01.2018).

Cash pickup.
 
Cash delivery.
 
Cheque pickup
 
Cheque requisition Slip pickup.
 
Form 15H pickup.
 
Delivery of Drafts.
 
Delivery of Term Deposit Advice
 
Life Certificate Pickup.
 
KYC documents pickup.

As per the Bank’s website, senior citizens of more than 70 years of age and differently abled or infirm Persons (Having medically certified chronic illness or disability) including those who are visually impaired will be able to avail of the above mentioned services.

The service will be available for Fully KYC compliant account holders while their valid Mobile Number should be registered with the account.

Furthermore, customers having registered address within a radius of 5 KMs from the Home Branch will be able to avail the services.

The amount of cash withdrawal and cash deposit is restricted to Rs 20,000 per transaction per day. SBI will take service charges per visit for Non-financial transactions which is Rs 60+GST and Rs100+GST for financial transactions. Withdrawal will be permitted using cheque / withdrawal form with Passbook.

The delivery would be completed on best effort basis but not later than T+1 working day (holidays excluded).

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