The State Bank of India (SBI) said its digital services will remain affected for a few hours due to maintenance work on June 17. will remain assigned between 12:30 p.m. and 2:30 a.m. on June 17 (Thursday).
“We ask our valued clients to stay with us as we strive to provide a better banking experience,” India’s leading lender tweeted.
SBI online banking was also affected for four hours on June 13. Banking services such as INB, YONO, YONO Lite and UPI were also affected due to maintenance activities for a few hours on May 21 and 23.
The mobile banking app of the largest private sector lender HDFC Bank, which has been under the prism of regulation for network outages, was down for an hour on Tuesday due to unspecified issues. The city’s headquarters bank said the issues were encountered for an hour late on Tuesday morning and the same was resolved within an hour. He urged customers to use the online banking alternative to transact in the meantime.
With over 22,000 branches and over 57,889 ATMs across the country, SBI is the largest lender in India. As of December 31, it had 85 million internet banking users and 19 million mobile banking users. SBI YONO has over 34.5 million registered users. YONO sees 9 million connections per day, the lender mentioned earlier.
SBI opened over 1.5 million accounts through YONO during the quarter ended December 2020 with nearly 91% of YONO-eligible savings bank customers migrating to YONO.
Meanwhile, in the midst of the current pandemic situation, SBI is offering a loan for the treatment of covid-19 at the lowest interest rate. SBI has launched an unsecured loan offer to those who have an account at one of the SBI branches and need money to cover medical expenses related to the covid-19 treatment of themselves and their family members at as of April 1.
The loan is offered to salaried and self-employed persons, as well as to retirees. Thus, for the loan amount to be sanctioned, one of these SBI clients will have to submit a positive covid report.
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