New Rules for SBI Customers: These Banking Services May Take a Hit From December 2018
The facilities that may take a hit include net banking facility, pension loan facility, submission of life certificate by due date among others.
New Delhi, November 27: The State Bank of India (SBI), India’s largest public sector bank may withdraw few services from the December. With just a few days left for December, the bank has said that its customers need to follow certain rules to avail services from the state-run lender. The facilities that may take a hit include net banking facility, pension loan facility, submission of life certificate by due date among others. SBI Changes Names, IFSC Codes of Nearly 1,300 Branches Post Merger with Associates.
Here are some important things that customers should know:
SBI Net-Banking Facility:
If the SBI customer wants to continue availing the net banking facility, the user will have to get your mobile number registered latest by November 30, 2018. Any failure to do so will block the Internet Banking facility from December 1. The bank has informed all its customers by the message saying, “Attention INB users, please register your mobile number with us immediately, if not already done, through Branch, failing which the Internet Banking facility may be blocked with effect from 01.12.2018".
The SBI Pension Loan Offer:
At present, the loan on offer against pension to central, state and defence personnel is provided to customers aged below 76 years of age. If the user gets the pension through any of the branches of SBI, then the pension offer on loan is until 30th November, 2018 for which there is no processing fee. This means, there will be no processing fee as it is waived off until November 30 but will be applicable from December 1.
Submission of Life Certificate by The Due Date:
In order to receive the pension from any SBI branch, an individual will be required to furnish the life certificate by November 30. The SBI bank has urged all the pensioners to do it latest by November 30, either by visiting the branch or through online methods.
SBI Buddy:
The services provided by SBI wallet, named ‘SBI Buddy’ will be shut from November 30. All customers who have some balance left in their SBI Buddy account are requested to withdraw it at the earliest.
On October 3, the SBI in a statement had said that its account holders having higher daily cash withdrawal requirements can apply for other debit card variants that have a higher daily withdrawal limit. However, from October 31, the daily cash withdrawal limit for the customers of the State Bank of India was reduced from Rs 40,000 to Rs 20,000.
Reports inform that as of March 2018, SBI had issued over 39.50 crore debit cards while around 26 crore cards were being actively used. “Daily cash withdrawal limits for Classic and Maestro debit cards reduced from Rs 40,000 to Rs 20,000 per day with effect from 31st Oct 2018. If you require a higher daily cash withdrawal limit, please apply for a higher card variant," SBI said on its website.
(The above story first appeared on LatestLY on Nov 27, 2018 05:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).