State Bank of India (SBI), the largest public sector bank in India, offers a net banking facility to its customers, both retail customers as well as corporate customers. In a recent move, State Bank of India leads five other public sector banks such as State Bank of Mysore, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, and State Bank of Bikaner and Jaipur. Here is a detailed breakdown of the different aspects of SBI net banking.
|Owner||Government of India|
|Chairperson||Dinesh Kumar Khara|
|Customer care number||1800 1234|
|Founded||1st July 1955|
To register for SBI Netbanking, individual account holders must satisfy the following criteria to be able to register for net banking services online.
Follow the below steps to register for the net banking facility with SBI online.
Step 1: Visit the official internet banking website at https://www.onlinesbi.com/.
Step 2: Click on ‘New User Registration/Activation’
Step 3: A pop-up window will appear on the screen to confirm that you have not received an internet banking kit. Click on ‘OK’.
Step 4: Select the ‘New User Registration’ option from the drop-down menu and click ‘Next’.
Step 5: In the next screen that appears, fill up the details such as the account number, CIF number, branch code, country, registered mobile number, and the facility you want to sign-up for. Also, enter the captcha code correctly. If you are unable to figure out the branch code, you can find it under the ‘Get Branch Code’ option. You must enter the state and the branch name to get the branch code.
Step 6: Under the ‘Facility Required’ field, you can select one of the following options: View, limited transactions, and full transactions.
Step 7: Click on the ‘Submit’ button.
Step 8: An OTP will be sent to the registered mobile number. Enter the OTP on the screen and click ‘Confirm’.
Step 9: Select the option ‘I have my ATM card’ and click ‘Submit’.
Step 10: Now, enter the ATM card details on the screen and click ‘Submit’.
Step 11: A temporary username will be displayed on the screen; take note of this username.
Step 12: Set a password that adheres to all the rules such that you can remember it. Click ‘Submit’ to complete the registration process.
Step 1: Visit the official website https://www.onlinesbi.com/ to see the login page for both personal banking as well as corporate banking.
Step 2: Click on the ‘Log In’ button on the personal banking section.
Step 3: Enter your username and password details on the screen and click ‘Login’ to access your account.
Step 4: You will be redirected to a page where you can access all information related to your account.
Once you log into your SBI net banking account, you can click on the ‘Account Summary’ option available under the ‘Quick Links’. You will see a list of all the accounts you hold with the bank. Click on the ‘Click here for balance’ option against the account to know the balance.
Before transferring money online, you have to make sure that the recipient is added as a beneficiary to your account. You require the details, such as beneficiary name, account number, bank name, and IFSC. Follow the steps below to initiate a money transfer:
Step 1: Log in to the SBI portal.
Step 2: Click on ‘Other Bank Transfer’ under the ‘Payments/Transfer’ tab if you wish to transfer money to another bank’s account.
Step 3: If you wish to transfer to an account within the same bank, click ‘Accounts of Others – Within SBI’.
Step 4: A screen will appear according to your selection, choose the type of transaction you would like to make and click ‘Proceed’.
Step 5: From the list, choose the account you wish to make the fund transfer from.
Step 6: Now, enter the amount you wish to transfer and remarks if any.
Step 7: Choose the beneficiary account to transfer the funds.
Step 8: You can also instruct when the fund transfer must take place using the option available.
Step 9: Agree to the terms and conditions by selecting the checkbox and click ‘Submit’.
Step 10: The following screen will show all the details you entered for review. Once you are sure that all the details are correct, click ‘Confirm’.
Step 11: You will receive a high-security password on the registered mobile number. Enter this password and click ‘Confirm’ to complete the authentication process.
Step 12: A confirmation message will be displayed on the screen to mark the completion.
It is recommended that you stick to ECS and NACH facilities rather than transferring money from your savings account to your home loan account manually on a monthly basis. When you make a manual money transfer, the bank may misunderstand that you are making a prepayment towards the loan. Therefore, you need to keep the bank informed before making such a manual transfer only if there is an error in the automated EMI payment system.
To make a money transfer from your savings account to the home loan account, you need to be registered for the SBI Net Banking service.
Step 1: Log in to the SBI Net Banking portal using your credentials.
Step 2: Click on the ‘Payments/Transfers’ tab on the top of the home page.
Step 3: A new screen will appear. Click on the ‘Funds Transfer (Own SBI A/c)’ option under the ‘Within SBI’ section.
Step 4: A list of your SBI accounts will be displayed. Select the home loan account number from the list.
Step 5: Enter the loan amount you would like to transfer and select the purpose of the transfer from the drop-down menu.
Step 6: Select the payment option as to when you would like to make the transfer, i.e. whether you want to pay instantly or schedule for a later time.
Step 7: Click on the ‘Submit’ button.
Step 8: All the details you have entered will be displayed on the screen. Verify the details and click ‘Confirm’ if everything looks correct.
Step 9: A success message will appear. The money will be debited from your savings account and be credited to your loan account.
|Transaction Type||Per Day Limit||Overall Daily Limit||EasyPIN Overall Category Limit||EasyPIN Individual Overall Daily Limit||Charges|
|IMPS||Per Transaction Limit: Rs.2,00,000||Rs.2,00,000||Rs.1,00,000||Rs.1,00,000||Nil|
|Quick Transfer||Per Transaction Limit: Rs.10,000;|
Per Day Limit: Rs.25,000;
Overall Daily Limit: Rs.2,00,000
|Rs.10,00,000||Per Transaction Limit: Rs.10,000;|
Per Day Limit: Rs.25,000
|NEFT||Rs.10,00,000||No limit||Rs.1,00,000||Up to Rs.50,000: Nil|
Rs.50,000-Rs.1 lakh in excess of Rs.50,000: Rs.0.20 per Rs.1,000 for the excess amount
Rs.1 lakh-Rs.1,29,000: Rs.10 + Rs.0.50 per Rs.1,000 in excess of Rs.1 lakh
Rs.1,29,000 and above: Rs.25 per transaction irrespective of the transfer amount
|RTGS||Rs.10,00,000||No limit||N/A||Rs.25 per transaction for transactions of any amount|
|Transfer Within Self Accounts||Rs.2,00,000||Rs.2,00,000||Rs.1,00,000||Nil|
|Transaction Limit for a New Beneficiary (First 4 Days)||Rs.1,00,000||Rs.1,00,000||Rs.1,00,000||Nil|
|Third-Party Transfer within SBI||Rs.10,00,000||Rs.10,00,000||Rs.1,00,000||Nil|
Step 1: Visit the official website https://www.onlinesbi.com/.
Step 2: Click ‘Login’ under ‘Personal Banking’ section.
Step 3: Click on the ‘Continue to Login’ button.
Step 4: In the login screen, click ‘Forgot Login Password’.
Step 5: A pop-up window will appear with a dropdown menu. Select the ‘Forgot My Login Password’ option and click ‘Next’.
Step 6: In the following screen, provide details such as username, account number, date of birth, mobile number, country, and captcha code.
Step 7: Click ‘Submit’ when you are done entering the details.
Step 8: An OTP will be sent to your registered mobile number. Enter this OTP on the screen and click ‘Submit’.
Step 9: You will be redirected to a page where you can reset the password.
You can make an inter bank transfer by following the steps mentioned below:
You need to have an SBI account at a branch. You will need to register for the Internet banking service at the branch. The branch will give you a Pre Printed Kit (PPK) with your username and password for your first login.
In case you are unable to collect the PPK in person, the bank can send the username to you via SMS and a mailer containing the password to your registered address. You will need to log in to www.onlinesbi.com using this username and password. During your first login, you will have to complete a simple initialisation process. A net banking assistant from the SBI Bank will assist you step-by-step throughout this process on the site.
If you happen to forget your internet banking username, you have to visit your home branch and request for re-registration.
The good practices to create a password for your internet banking account are:
The username and password sent to you by courier are system-generated and it is mandatory for you to change them on your first login. Later, you can only change the password and not the username.
For any queries/complaints you have regarding SBI online banking, you can call on the toll-free number 1800-112-211.
In case you’re a single account holder with an ATM card and a registered mobile number, your registration and activation will be almost instant. In case, you are a joint account holder, you will need to approach the nearest branch for creating the required credentials.