SBI Customers’ Alert: SBI Digital Banking Services To Remain Shut On This Date

Banks execute scheduled maintenance on a regular basis in order to provide better net banking services to their customers. Prior to the maintenance operation being performed in a timely manner, most Indian banks send out an alert to their customers via their social media platforms. What banks inform their customers with this warning is that they provide a specific day and time for the maintenance work, as well as the services that will be unavailable throughout the task's duration.

As a result, the country's largest lender, State Bank of India (SBI), will undertake a scheduled maintenance task on February 20, 2022, which would allow the bank to complete scheduled maintenance within a stated deadline of 23.30 hours on February 19, 2022 and 02.00 hrs on February 20, 2022. This operation may result in the deployment of a specialist for technology upgradation work completed within the specified timeframe, culminating in safety checks, improvements, regular servicing of the bank's digital banking services.

SBI has informed its customers via Twitter that "We request our esteemed customers to bear with us as we strive to provide a better Banking experience. We will be undertaking technology upgrade between 23.30 hrs on 19th Feb 2022 and 02.00 hrs on 20th Feb 2022. During this period, services of Internet Banking/ Yono / Yono Lite / Yono Business / UPI will not be available."

The bank has also increased its interest rates on fixed deposits of less than Rs 2 crore on February 15, 2022. Interest rates on fixed deposits with a term of two to three years have been hiked to 5.20 percent from 5.10 percent before. Furthermore, fixed deposit rates for tenors of 2 to 5 years have been raised by 15 basis points to 5.45 percent from 5.30 percent earlier. The interest rates on long fixed deposits with a term of 5 to 10 years have been raised to 5.50 percent from 5.40% earlier. For more details, click here.