SBI Alert: State Bank of India (SBI) has given information by tweeting about its service related information (SBI Important Notice).
Big news for SBI customers
In the last one year, the trend of digital payments has increased very fast. Especially in the Corona period, money transactions are now going online from city to village. Previously, where UPI payment was limited to big shops, now it has reached small shops, even tea stalls and Panipuri ones. Consumers of almost every bank use UPI payment. In such a situation, tension is increased due to the shutdown of the service. State Bank SBI has announced to discontinue its service due to maintenance.
What is the matter
State Bank of India (SBI), the country’s largest government bank, has issued an alert to its crores of customers. The bank says that to improve the customer experience, the bank will be its maintenance work at 12:15 pm on May 7 and at 1:45 am on May 8. The bank has said that during this time SBI customers will not be able to use INB / YONO / YONO Lite / UPI services.
— State Bank of India (@TheOfficialSBI) May 6, 2021
SBI recently gave big relief to its customers
The country’s largest bank State Bank of India (SBI) has also given relief to its crores of customers. Due to the second wave of Corona epidemic, local state lockdown is being implemented in many states. In such a situation, customers can now submit KYC (Know Your Customer) document (KYC Documents) through postal or e-mail.
When SBI has started accepting KYC documents through post or mail, then customers of other banks have also raised hopes.
When and why KYC is done
It is believed that now the same can be done by other public sector banks in the country. Not only this, private sector banks go one step and provide convenience to customers. Therefore, they are expected to do the same.
Banks rate their customers based on their risk. High risk customers of the bank have to update KYC at least once every two years, whose customers are medium risk.
They have to update the KYC once every eight years. Customers whose risk is very low or low, also have to update KYC once every ten years.