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India's largest bank, in terms of badet size and customer base, has the largest bank in India, with the largest number of debit cards. & Nbsp | & nbspPhoto Photo: & nbsp Representative Picture
New Delhi: For all individuals and entities with an SBI account, November 30, 2018 appears to be a crucial date. SBI Internet and mobile banking will no longer be operational from December 1, 2018 for SBI customers who have not registered mobile numbers with their respective bank accounts. The State Bank of India, India 's largest bank by badet size and customer base, also has the largest number of debit cards.
As of September 2018, the total number of NEFT transactions, both credit and debit, through the State Bank of India is approximately 6.44 crores, of which 4 , 17 crores were credit transactions, according to data from RBI National Electronic Transfer. With such a large volume of transactions in a single month, approximately 5.49 million rupees were processed through the aforementioned NEFT orders.
As of August 2018, all SBI debit and credit cards (via DAB and POS) represented a total transaction. the amount rose to 1.33 lakh crore (approximately), according to data RBI ATM and Card.
Due to the unavailability of online and mobile banking for users who have not registered their cell phone number, SBI account holders will no longer be able to perform sorting operations requiring a word one-time pbadword (OTP).
Also read | These debit and credit cards will no longer be valid from 1 January 2019
"In accordance with the RBI's notice, it is mandatory to register your mobile phone number in order to be able to use internet banking Please register your mobile phone number before 30.11.2018, otherwise your access to Internet banking will be disabled / blocked as of 01.12.2018, "said SBI in a statement.
RBI asked banks to easily register mobile banking services offered to customers. "The system set up by banks for the registration of customers for mobile banking for new and old account holders (where the mobile number is registered with the bank or is not available) varies from bank to bank, "said RBI in a statement.
All SBI account holders / customers wishing to continue using SBI mobile banking and net banking should visit the nearest SBI branch by November 30, 2018. Note that in the event that a customer does not Not register the mobile service number with the account, only mobile banking and Internet banking will be dysfunctional after November 30. Apart from mobile and online banking, all other services will remain intact and there will be no deactivation of the account number.
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