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  1. SBI IFSC codes, YONO to RTGS, 5 massive changes State Bank of India made recently you should be aware of

SBI IFSC codes, YONO to RTGS, 5 massive changes State Bank of India made recently you should be aware of

SBI has taken many initiatives during the last few months, like launching India’s first comprehensive digital service platform YONO and reducing its NEFT, RTGS charges.

By: | New Delhi | Published: December 10, 2017 12:41 PM
sbi changes, sbi, State Bank of India, SBI IFSC codes, SBI IFSC,  YONO, RTGS SBI has taken many initiatives during the last few months, like launching India’s first comprehensive digital service platform YONO and reducing its NEFT, RTGS charges. (PTI)

For the benefit of its customers as well as to keep pace with the changing times, the State Bank of India (SBI) – India’s largest bank – has taken many initiatives during the last few months, like launching India’s first comprehensive digital service platform YONO and reducing its NEFT, RTGS charges significantly. It has also taken many other steps to keep its systems up-to-date as well as to comply with regulatory changes. Therefore, if you are an SBI customer, it is in your own interest to keep yourself abreast with all these things. Here we are taking a look at some of them:

1. Launch of YONO

SBI has recently launched India’s first lifestyle and banking digital platform YONO (You Only Need One). This is an integrated lifestyle and banking digital platform from SBI, and was launched by Union Minister for Finance and Corporate Affairs Arun Jaitley on 24th November 2017 in Delhi. Besides providing an array of banking and financial services, YONO also allows customers to meet their lifestyle needs across 14 categories, including booking & renting cabs, entertainment, dining experience, travel & stay, medical needs and so on. The bank has partnered with over 60 e-commerce players to provide customized offers and discounts to customers. Some of the key e-commerce partners include Amazon, Uber, Ola, Myntra, Jabong, Shoppers Stop, Cox & Kings, Thomas Cook, Yatra, Airbnb, Swiggy and Byjus, among others.

2. Reduction in NEFT, RTGS charges

In view of growing consumer complaints against increasing banking charges as well as guided by the government’s thrust on giving digital transactions a push, SBI some time back reduced charges for NEFT and RTGS transactions by up to 75%. The reduced charges are applicable on the transactions done through the internet banking (INB) and mobile banking (MB) services offered by the bank. Additionally, the bank also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).

3. Reduction in IMPS charges

The bank has also recently slashed Immediate Payment Service (IMPS) charges by up to 80 pct, which came as a huge relief for its customers. If the users are doing an online transaction of money after selecting the IMPS option, then they will have to pay up to 80 per cent less charge than what they used to pay earlier. After the revision, no IMPS service charge is imposed on online transactions under Rs 1000. For transactions between Rs 1000 and Rs 10,000, the users have to pay Re 1, while for an amount between Rs 10,001 and Rs 1,00,000, the users are charged Rs 2. For the transactions between Rs 1,00,0001 and Rs 2,00,000, the IMPS service charge is Rs 3. All these rates are effective from 15th October, 2017.

4. Names, IFS codes of around 1,300 branches changed

Post the merger of its five associates, SBI has changed names and IFS codes of 1295 of its branches. The bank has also published on its website the full list of all those branches whose names and codes have been changed. These include the branches located in Mumbai, Delhi, Bangalore, Chandigarh, Ahmedabad, Jaipur, Kolkata, Chennai, Hyderabad, Patna and Bhopal, among others. This means that you need to be careful and check the changed names and branch codes while doing any transaction with any of the 1295 branches whose names and codes have been changed.

5. Link Aadhaar number to your SBI account by December 31

If you haven’t linked your Aadhaar number to your bank account yet, then you must do it now or latest by December-end, else your bank account may be suspended. SBI has recently tweeted that “Avail benefits of the digital life. Simply link your Aadhaar number with your bank account.” It further said, “In terms of amended PML rules dated 1st June 2017, all existing customers are requested to submit Aadhaar number by 31st December 2017, failing which the account shall cease to be operational till the time Aadhaar number is submitted.”

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  1. M
    Mahesh kumar CHOUHAN
    Dec 15, 2017 at 10:10 am
    Mahesh no network coverage Kedla
    Reply
    1. jamru jamma
      Dec 14, 2017 at 10:38 am
      hang manmohan singh and sonia gandhi after trying them for treason.
      Reply
      1. R
        Reader
        Dec 11, 2017 at 6:44 pm
        A centralized and inter-linked biometric database like Aadhaar will lead to profiling and self-censorship, endangering freedom. Personal data gathered under the Aadhaar program is prone to misuse and surveillance. Aadhaar project has created a vulnerability to identi-ty fraud, even identi-ty theft. Easy harvesting of biometrics traits and publicly-available Aadhaar numbers increase the risk of impersonation, especially online and banking fraud. Centralized databases can be hacked. Biometrics can be cloned, copied and reused. Thus, BIOMETRICS CAN BE FAKED. High-resolution cameras can capture your fingerprints and iris information from a distance. Every eye hospital will have iris images of its patients. So another person can clone your fingerprints and iris images without your knowledge, and the same can be used for authentication. If the Aadhaar scheme is NOT STOPPED by the Supreme Court, the biometric features of Indians will soon be cloned, misused, and even traded.
        Reply
        1. R
          Reader
          Dec 11, 2017 at 6:44 pm
          UK’s Biometric ID Database was dismantled. Why the United Kingdom's biometrics-linked National Identi-ty Card project to create a centralized register of sensitive information about residents similar to Aadhaar was scrapped in 2010?? The reasons were the massive threat posed to the privacy of people, the possibility of a surveillance state, the dangers of maintaining such a huge centralized repository of personal information and the purposes it could be used for, the dangers of such a centralized database being hacked, and the unreliability of such large-scale biometric verification processes. The Aadhaar program was designed in 2009 by mainly considering the 'Identi-ty Cards Act 2006' of UK, but the UK stopped that project in 2010, whereas India continued with the biometrics-based program. We must think why the United Kingdom abandoned their project and destroyed the data collected. (Google: 'Identi-ty Cards Act 2006' and 'Identi-ty Documents Act 2010' )
          Reply
          1. R
            Reader
            Dec 11, 2017 at 6:44 pm
            The US Social Security Number (SSN) card has NO BIOMETRIC DETAILS, no photograph, no physical description and no birth date. All it does is confirm that a particular number has been issued to a particular name. Instead, a driving license or state ID card is used as an identification for adults. The US government DOES NOT collect the biometric details of its own citizens for the purpose of issuing Social Security Number. The US collects the fingerprints of only those citizens who are involved in any criminal activity (it has nothing to do with SSN), and the citizens of other countries who come to the US. If the biometric details of a person are COMPROMISED ONCE, then even a new Aadhaar card will not help that person. This is NOT like blocking an ATM card and taking a new one.
            Reply
            1. S
              Sajid Iquebal
              Dec 11, 2017 at 2:43 pm
              iquebalsajid
              Reply
              1. H
                Hk
                Dec 11, 2017 at 2:17 pm
                F ck SBI f ck society!! Lazy a s mother f ckers
                Reply
                1. A
                  Amar tanguturi
                  Dec 11, 2017 at 1:52 pm
                  No comments
                  Reply
                  1. A
                    Amar tanguturi
                    Dec 11, 2017 at 1:51 pm
                    Opening account
                    Reply
                    1. S
                      Suraj
                      Dec 11, 2017 at 1:42 pm
                      Surajkumar
                      Reply
                      1. A
                        Anonymous
                        Dec 11, 2017 at 12:03 pm
                        Don't link adhaar. It's a big govt scam.. first they opened free accounts using jandhan yojna. Then they did noteban and filled those empty accounts and now they are bringing FRDI law to loot the money which is stored in our accounts.. so plz India wake up. And adhaar is a bigger scam than those . Read it here. s: destroy-the-aadhaar. /2017/11/aadhaar-legality-summary-and-ways-to-fight-before-main-hearing ?m 1
                        Reply
                        1. P
                          pmshah
                          Dec 11, 2017 at 12:00 pm
                          I don't know who is the authority responsible for syncing data between different databases. I for one have major problems. My name appears differently in passport, Aadhar and PAN. How do I fix that? I want to link my Aadhar to my MTNL SIM. The staff in Andheri West exchange is sitting idle and they do not have the device required to read / scan the finger print. Who and where is the effing "BABU" responsible for this lapse? I can't afford to let SIM get deactivated. Is anyone listening?
                          Reply
                          1. K
                            Kamlesh goyal
                            Dec 11, 2017 at 11:06 am
                            Good initiative but little late ,yet it's done better late than never
                            Reply
                            1. V
                              V.anil
                              Dec 11, 2017 at 11:05 am
                              Sir credit card
                              Reply
                              1. R
                                rubia
                                Dec 11, 2017 at 10:44 am
                                as per supreme court ruling dec. 2017 aadhaar linking is not mandatory
                                Reply
                                1. A
                                  Anonymous
                                  Dec 11, 2017 at 12:01 pm
                                  Correct. Adhaar is a big scam..adhaar databases are stolen already and anyone can take out money by using your fake fingerprints on silicons.. read this. s: destroy-the-aadhaar. /2017/11/aadhaar-legality-summary-and-ways-to-fight-before-main-hearing ?m 1 read that..
                                  Reply
                                2. S
                                  Sakti Prakas Patra
                                  Dec 11, 2017 at 10:42 am
                                  Account holder of SBI , how he/she could link Adhar no, if person is staying out station from his/her branch city ? If already linked how could we confirm that , couldn't find any option on net banking .
                                  Reply
                                  1. A
                                    Anmol madhray
                                    Dec 11, 2017 at 10:28 am
                                    I am anmol madhray my from govundpuri modinagr kadrabad
                                    Reply
                                    1. R
                                      Rehanuddin Laskar
                                      Dec 11, 2017 at 10:17 am
                                      In Assam Adhar Card has not yet issued, but SBI declared the deadline ending Dec 2017, or else account will be suspended. What should we do now?
                                      Reply
                                      1. S
                                        Shamshad alam
                                        Dec 11, 2017 at 9:46 am
                                        alamgolu786
                                        Reply
                                        1. G
                                          Girupakaran
                                          Dec 11, 2017 at 9:32 am
                                          Black th ATM
                                          Reply
                                          1. M
                                            Majid
                                            Dec 11, 2017 at 9:29 am
                                            I have seen sbi pension plan, is it related to Market risks plan or it's a Traditional plan.
                                            Reply
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