Internet banking, Yono Lite, Yono Business Web and Mobile App, YONO, and UPI services will not be accessible on April 1 from 12.20 to 15.20 hours IST......
Digital desk: The State Bank of India (SBI) has declared that because of its annual closing activity, its online banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI services will not be available on April 1, 2024.
Internet banking, Yono Lite, Yono Business Web and Mobile App, YONO, and UPI services will not be accessible on April 1 from 12.20 to 15.20 hours IST, according to a post in X by SBI on Monday.
SBI mentioned on its site, "Due to Annual Closing activity, the services of Internet Banking, Yono Lite, Yono. Business Web & Mobile App, YONO, and UPI will not be available between 12:20 Hrs IST and 15:20 Hrs IST on 1st April 2024. During this period, services of UPI Lite and ATM will be available."
HDFC Bank issued an alert to its clients on Sunday not to use National Electronic Funds Transfer (NEFT) on April 1. Service delays will occur as part of financial year-end processes.
Most Indian states will close their banks for the year on April 1. A few states, including West Bengal, Mizoram, Sikkim, Chandigarh, Himachal Pradesh, and Meghalaya, are exceptions. April 1 will mark the start of the new fiscal year 2024–25, and banks are working nonstop to finish off their annual year-end procedures.
The annual maintenance charges for the Classic, Silver, Global, Contactless, and other SBI debit card categories have been modified by the State Bank of India (SBI). The Classic, Silver, Global, and Contactless debit cards as well as the Yuva, Gold, Combo, and Platinum debit cards will be updated fees as of April 1. SBI will also modify the costs related to issuing and replacing debit cards. Additionally, as of April 1, several changes have been made to specific credit cards.
In terms of assets, deposits, branches, clients, and staff, State Bank of India (SBI) is the largest commercial bank in the country. With 125 million Internet and 133 million mobile banking customers, SBI has seen significant growth in the digital banking space. Over 7.05 crore people have joined the bank's integrated digital platform, YONO, with 33.1 lakh new users signing up in Q3 FY24.
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