state bank of india Archives – बैंक India

Rs 295 Debited From SBI Account – How to Avoid it?

Sep 25, 2024 Suraj Tandon 0

As you notice 295 rupees were deducted from your account in the State Bank of India, you should know about NACH (National Automated Clearing House). This process automatically debits any EMI amount from your bank account. If you fail to maintain the EMI amount before the deduction, a charge is marked by the bank. In this article, you’ll learn the complete process of NACH and how you can avoid this 295 rupee charge. What is NACH in SBI? NACH or National Automated Clearing House is an automated process set up by NPCI for EMI deduction. For example, if you take a loan or buy anything against an EMI, you need to provide savings account details. If this is an SBI savings account, you need to keep the EMI amount before the due date. This is a fixed date of each month until the EMI is covered. Why Rupees 295 is Deducted from SBI Account? RS. 295/- is often deducted (95% of the time) when a NACH fails. If you have an RD or a loan from a lender other than SBI, and you approved the deduction of EMI or any other specified amount from that account. If the EMI/mandate cannot […]

What is MOD Charges For Home Loan in SBI?

Jul 23, 2024 Suraj Tandon 0

MoD or Memorandum of Deposit is a conditional agreement between the lender and the borrower. While each type of loan comes with its own conditions, MoD for a home loan serves the purpose of protecting the interest of both the lender and the borrower. MoD charges can be different based on the loan type, loan amount, and other related profiles. While this article concentrates on the MoD charges for home loans in SBI, it also explains the basic information about this charge. All this will provide a better understanding of the charges and why you need to pay them on top of the loan amount. What are MoD in Loans? Before you note the charge structure for home loans, know what exactly is MoD (Memorandum of Deposit) or MoDT (Memorandum of Deposit of Title Deeds). When you take out a home loan, the bank or lender leverages your property documents as collateral. The MoD is a legal document that confirms the submission of title deeds with the lender as well as assures that the submitted property remains held to the bank until the debt is fully repaid. Now the question is, why do you need to pay a charge to […]

What is CDM Service Charges Meaning in SBI?

May 24, 2024 Suraj Tandon 0

CDM in SBI stands for Cash Deposit Machine. It is also called an encycler or cash recycler. If you want to avoid the long queue in the bank and the hassle of filling out a cash deposit form, it’s best to use CDM machines. It’s available almost everywhere, there are different options to use CDM with and you can deposit money in almost no time. This article will give you a clear idea of the recent CDM service charges. CDM Service Charges to Deposit Cash in Personal SBI Account Using Debit Card No CDM charges are applicable when you have a bank Debit (or ATM card) for a SBI bank account and use it to deposit cash in the same bank account. You can deposit any amount (no lower or upper limit) free of service cost when you have an ATM card for the same account where you want to credit the amount. Just insert your ATM card into the CDM machine slot and complete basic authentication. Then, choose the ‘Banking’ option followed by the ‘Deposit’ option. Now, select the ‘Cash Deposit‘ option. Currently, the per transaction limit is 200000. Also, you can notice there will be 0 service charge. […]

How to Update SBI KYC Online

Feb 22, 2024 Suraj Tandon 0

According to a report by IBM in 2022, the State Bank of India has 491 million active users. That’s almost 35% of India’s whole population. Indeed this bank holds huge financial dependence for the common people from different backgrounds. KYC or Know Your Customer is the method to validate this customer’s background to run an uninterrupted service. So if you’re facing any service issue related to money debit or cheque transactions or failed UPI transactions, you need to update KYC, immediately. The steps are very easy and you can do it at your home, just in a few minutes. Let’s go through them in the following section. Steps to Update SBI KYC Online Through YONO App Step 1. Open the SBI YONO app on your mobile and navigate to the bottom of the screen. There are five options displayed from which you need to choose the first one, ‘Service Request‘. A pop-up section would appear just above the current section where you need to click on ‘View More‘. Step 2. On the next screen, there will be a section named ‘Emergency‘ with a list of options. Choose ‘Update KYC‘ from it. If your KYC is already updated, simply a message […]

How To Enable Online Transaction in SBI Credit Card For International & Domestic Usage

Jan 11, 2024 Suraj Tandon 0

State Bank of India bank, also known as SBI Bank, provides a wide range of credit cards to its account holders, from entry-level to premium cards focused on unique individual needs such as shopping, travel, fuel, groceries, etc., according to their needs and eligibility. However, usually, newly received SBI Credit cards are disabled by default, and you have to enable them after you receive your card. Once the SBI card activation is completed, you can help the card for online transactions and POS/Swipe from your phone or other smart devices. Suppose you have an SBI credit card and need to activate online domestic and international transactions. Then, in such a case, this article will walk you through the detailed information on how to enable online transactions on an SBI Credit Card for International and Domestic usage. Simply stick around and continue reading this blog post with us to check out more profound details. So, we should quickly get started and discuss the complete information of this article ahead. Steps To Enable Online Transactions In SBI Credit Card For International & Domestic Usage Suppose you have an active bank account and a credit card as well in the State Bank of […]

SBI Mutual Fund Balance Check Number

Jan 2, 2024 Suraj Tandon 0

The State Bank of India bank, commonly known as the SBI bank, provides a missed call facility to the investors with SBI Mutual Fund, where they can see the balance or valuation of their mutual fund investment from their home comfort. All that is required to avail themselves of the benefits of this facility is simply give a missed call to the mobile number officially designated by the State Bank of India, and they can instantly get portfolio statements in their message box and email as well. In this article post, we have provided you with detailed information on what is the SBI official missed call phone number and how you can effortlessly check your SBI Mutual Fund balances and the latest valuation details for your account folio using the SBI MF missed call service. This facility can be availed 24 * 7 at any time and from anywhere as per your convenience. Just stay tuned and keep reading this blog with us for more information. So, without wasting any time, we must quickly get started to delve deeper into the complete article ahead. Essential Eligibility To Know Mutual Fund Balance With Missed Call Facility The SBI missed call facility […]

How To Get SBI Last 5 Transaction By SMS & Missed Call

Dec 11, 2023 Suraj Tandon 0

State Bank of India, commonly known as SBI, has launched a new feature for its customers, SBI Quick. This feature is a free missed call banking facility, which can be conveniently used through mobile phone devices by SBI customers to get them account-related information instantly, like SBI mini statement (to view the details of the last five transactions from their bank accounts), SBI balance enquiry, and more by simply giving a missed call or sending an SMS with specific keywords to specific numbers. However, one-time registration is required to activate the SBI Quick missed call service for a particular mobile number, which should be essentially registered for an SBI bank account. SBI Quick App can be downloaded on Android as well as on iOS smartphones and is available for SB/CA/OD/CC accounts with the State Bank of India. SBI customers can avail themselves of the benefits of this new feature 24/7 at any time and from anywhere in India and other countries. As there are no transactional services available with the SBI Quick app, therefore, no Login ID or Password is needed to use this facility. This article walks you through the detailed information on how to get the last five […]

How To Fix UPI Issue at Your Bank SBI PhonePe Problem

Oct 18, 2023 Suraj Tandon 0

The State Bank of India (also known as SBI) offers a digital payment service, SBI UPI, to its customers. This banking service allows users to avail themselves of the benefits of a variety of customer-friendly facilities, such as instant money transfer, checking their account balance, viewing transaction history, generating QR codes for payments, and many other facilities. However, a majority of the crores of SBI UPI users are currently facing some technical issues with this service. On account of this, when they enter their UPI PIN to view and check the account balance in SBI through Phonepe, Google Pay, Paytm etc, some messages are displayed on their handset devices, stating that SBI is unable to fetch the balance due to some technical issues. Please try again after some time. There can be many reasons for the SBI UPI service not working, and you should know how to fix this problem. In this article, we are going to explore more details about the subjects mentioned above. Just stick around and continue going through this blog post to attain a good understanding of how to fix the UPI Issue in your bank account in SBI. Now it’s time to quickly get started […]

2 Ways To Check KYC Status in SBI Online

Oct 13, 2023 Suraj Tandon 0

KYC is a short form for the term “Know Your Customer,” and it also means “Know Your Client.” The State Bank of India (or SBI) has requested its customers to update their KYC information on a regular basis in accordance with the RBI guidelines/mandate for users for the same so that consistency can be maintained across the banking industry and protection of the financial system in India can be provided. KYC is a one-time procedure to confirm the validity of a bank customer. Banks can learn more about the identity of their customers through the KYC procedure. Therefore, it is advisable that bank customers should complete their KYC procedure at the time of opening bank accounts or making investments in different instruments. These days, banks and other financial institutions are more susceptible to cyber-attacks all over the world. KYC procedure has been developed and introduced to provide protection for banks and other financial institutions against money laundering, fraudulent activities, terrorist financing, and corruption. In recent times, banks have been proactive in ensuring their customers are genuinely the same, without any doubt, who they claim to be. KYC is a critical element in fighting against financial crime with the help of […]

How To Submit Life Certificate For Pensioners Online SBI

Oct 7, 2023 Suraj Tandon 0

All pensioners in India essentially need to submit an important document every year, called a “Life Certificate” or “Jeevan Praman Patra,” as proof of their existence so that they can keep drawing their pension. However, the State Bank of India (SBI) has recently started a Video Life Certificate (VLC) service to allow pensioners to avail themselves of the facility to submit their life certificates online to the Pension Disbursing Agency (PDA). This user-friendly facility can be used at any time and from the comfort of pensioners’ homes or anywhere else they need, provided they have their pension accounts with the State Bank of India. The new SBI Video Life Certificate (VLC) service can be conveniently used by an individual whose pension is processed and paid through the State Bank of India. Pensioners can submit their life certificate through the bank’s official website, Pension Seva website – https://www.pensionseva.sbi/. The feature of the Video Life Certificate (VLC) service permits pensioners to submit their life certificates through a video call with an SBI official to assist them with the same. This detailed article walks you through critical and profound information about what is the new SBI Video Life Certificate (VLC) service, its eligibility […]