Banks regularly run scheduled maintenance to provide better net banking services to their customers. Before the maintenance operation is done in a timely manner, most Indian banks send an alert to their customers through their social media platforms. What banks inform their customers with this warning is that they schedule a specific day and time for maintenance work, as well as services that will be unavailable for the duration of the task.
As a result, the largest lender in the country, State Bank of India (SBI), will undertake a scheduled maintenance task on February 20, 2022, which would enable the bank to complete the scheduled maintenance within a set time of 11:30 p.m. on February 19. 2022. and 02:00 on February 20, 2022. This operation may result in the deployment of a specialist for technological upgrade work carried out within the time limits, resulting in security checks, improvements, regular maintenance of services bank’s digital banking.
SBI informed its customers via Twitter 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 between 11:30 p.m. on February 19, 2022 and 02:00 a.m. on February 20, 2022. During this period, Internet Banking/ Yono / Yono Lite / Yono Business / UPI services will not be available.”
We ask our valued customers for your patience as we strive to provide a better banking experience. pic.twitter.com/djj8j1MHJj
— State Bank of India (@TheOfficialSBI) February 19, 2022
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The bank also raised its interest rates on fixed deposits by less than Rs 2 crore on 15 February 2022. Interest rates on fixed deposits with a tenor of two to three years were raised to 5.20 % against 5.10% previously. In addition, fixed deposit rates for maturities of 2 to 5 years were raised by 15 basis points to 5.45% against 5.30% previously. Interest rates on long-term deposits with a duration of 5 to 10 years were raised to 5.50% from 5.40% previously. For more details, Click here.
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Article first published: Saturday, February 19, 2022, 5:26 p.m. [IST]