SBI Digital Banking Services Will Remain Shut Today During This Time; Here’s Why

The largest lender in the nation, State Bank of India, announced today that owing to annual closing operation, its digital banking services-including Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI-will not be accessible on April 1, 2024, the day we begin a new fiscal year, FY25. This was noted on the SBI website.
"Due to Annual Closing activity, the services of Internet Banking, Yono Lite, CINB, Yono Business Web & Mobile App, YONO, UPI will not be available tentatively between 12:20 Hrs IST and 15:30 Hrs IST on 1st April 2024. During this period, services of UPI Lite and ATM will be available," mentioned SBI on its website.

"Due to Annual Closing activity, RTGS and NEFT transactions may get delayed on 01st April 2024," the lender has mentioned on its website.

Commenting on the non-availability of mentioned digital channels from 16:10 Hrs IST and 19:10 Hrs IST on 1st April 2024, SBI has further mentioned on its website that "Due to Annual Closing activity, the services of Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO and UPI will not be available tentatively between 16:10 Hrs IST and 19:10 Hrs IST on 1st April 2024. During this period, services of UPI Lite and ATM will be available."

Meanwhile, the largest private sector lender HDFC Bank has announced scheduled maintenance of certain transactions on net-banking & mobile-banking app between 31st Mar to 1st Apr'24.

"Due to financial year end procedures, below mentioned transactions will not be available on NetBanking & MobileBanking App between 31st Mar to 1st Apr'24.

15 G/H services will not be available from 12:00 AM on 30th Mar'24 to 11:59 PM on 31st Mar'24.

All deposits booking and redemption services (fixed/recurring deposits, tax saving deposits, goal/passion funds) will not be available from 01:30 AM to 12:30 PM on 01st Apr'24.

Outward NEFT transactions may not be available on 1st Apr'24.

Funds transfer to own savings/current account on Old NetBanking, Sukanya Samriddhi Yojana & PPF will not be available from 12:00 AM to 03:30 PM on 01st Apr'24," mentioned HDFC Bank on its website.