SBI Customer Alert! Online banking services will remain closed tomorrow

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Business

oi-Vipul Das

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Each bank schedules maintenance work on a regular or monthly basis to improve digital banking services. Banks hire professionals to carry out the maintenance work, and before doing so, they post a notice on their social media channels about the scheduled shutdowns and the resulting suspension of online banking services. The State Bank of India (SBI) will do the same tomorrow.

Customers of India’s largest lender will be unable to use internet banking tomorrow, December 11, 2021, for a fixed period. Due to scheduled maintenance, SBI Online Banking customers will be unable to use services such as Internet Banking, YONO, YONO Lite, YONO Business and UPI for a period of 300 minutes. SBI announced via its official Twitter account that “We ask our valued customers to support us as we strive to provide a better banking experience. We will be undertaking a technology upgrade in the early morning of December 11, 2021 from 11:30 p.m. (300 minutes). During this period, INB (Internet Banking/ YONO / YONO Lite / YONO Business / UPI will be unavailable. We regret the inconvenience and ask for your patience with us.”

According to Q2FY22 results, SBI recorded its highest quarterly net profit of Rs. 7,627 crore in Q2FY22. This represents a year-on-year increase of 66.73%. The bank’s operating profit (OP) increased by 9.84% year-on-year to Rs. 18,079 crore in Q2FY22 from Rs. 16,460 crore in Q2FY21, and net interest income for Q2FY22 increased 10.65% year-on-year according to a bank press release.

On the other hand, SBI has published another important notice for its customers on the SBI YONO portal. The bank stated on “https://sbiyono.sbi/index.html” that “This SBI YONO web portal has been discontinued since December 1, 2021. You can continue to enjoy our services on the YONO mobile app.”

Article first published: Friday, December 10, 2021, 1:01 p.m. [IST]

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