Latest announcement from State Bank of India
Posted on: 14/Sep/2019 5:34:44 PM
The country’s premier public sector bank, State Bank of India, has introduced 3 new plans for its customers.
Among the public sector banks, State Bank of India has been excelling with outstanding services for all kinds of customers.
Giving due considerations for the wellness of the clients, State Bank of India has announced 3 new plans/schemes. The details:
SBI YONO
For the first even time in India, the facility to withdraw cash from ATMs without debit card has been introduced by SBI with the SBI YONO Cash App. This facility is presently functional in 16500 ATMs throughout India.
REPO Interest
Much to the delight of the customer, SBI has now withdrawn the linking of the interest rates for deposits less than Rs. 1 Lakh with the REPO rate. However, there is no change in the interest rate for the deposits (presently, the interest rate for the deposits is 3.5%).
It is learnt that there are prospects of the Reserve Bank of India may continue to reduce the interest rates. This will adversely affect the customers who have more than Rs. 1 Lakh in their savings.
Home Service
The State Bank of India has introduced the home-visit services to the customers. SBI has informed that these home services will be offered to the Senior Citizens and differently-abled persons who reside within the 5 km distance of the concerned branch of the State Bank of India.
For these home-services, Rs. 100 will be charged for the bank transactions and Rs. 60 for non-banking transactions.
