SBI or State Bank of India processes transactions worth more than Rs 27,000 crore in a day through its internet banking platform. This was said by the country's largest bank SBI on microblogging site Twitter. Currently, SBI provides internet banking services through its portal onlinesbi.com. SBI customers having subscribed to the bank's internet banking can perform many important tasks online through the OnlineSBI portal, without having to physically visit a bank branch. They can open a digital savings bank account, access information on account balance, request a fund transfer, apply for a new cheque book and set up a recurring deposit or PPF (Public Provident Fund) account, among several other facilities.
SBI's net banking portal, OnlineSBI.com, processes more than 3,000 transactions per minute, the bank added.
How to access SBI net banking facility through onlineSBI.com
How to open bank account via SBI's online banking facility
Here are five things to know about SBI's digital savings bank account facility:
1. Who can open: The bank account is available to Indian residents above 18 years of age. Aadhaar card and PAN card are mandatory for opening this account.
2. More of operation. The digital savings bank account can be operated on a 'single' basis. A branch visit is required for converting the bank account into a joint account.
3. The digital savings bank account requires mandatory nomination.
4. The personalised platinum debit card is issued free of cost to the account holder. However, the bank charges an annual maintenance charge of Rs 200. This charge is waived off for customers maintaining a quarterly average balance above Rs. 25,000, according to the SBI website.
5. Bank account statement: The account statement is sent on the email address provided by the user.Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
