SBI customers alert! Internet banking, YONO to remain down tomorrow. Know details

New Delhi: Country's largest lender State bank of India has told that its digital services will remain affected for a few hours due to maintenance work on September 4-5.

The SBI internet banking, Yono, Yono Lite, Yono Business, IMPS, and UPI will remain unavailable between 22:35 hours on 4 September and 01:35 hours on 5 September 2021 due to maintenance work. The bank announced this on Twitter on Wednesday, saying the downtime is expected to last 180 minutes.

SBI informed its customers, "We request our esteemed customers to bear with us as we strive to provide a better banking experience.

We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/GXu3UCTSCu

— State Bank of India (@TheOfficialSBI)


href="https://twitter.com/TheOfficialSBI/status/1433738574529122304?ref_src=twsrc%5Etfw">September 3, 2021

This week SBI raised Rs 4,000 crore of the Basel- compliant Additional Tier 1 (AT1) bonds, it announced on September 1. The country's largest lender raised the amount at a coupon rate of 7.72 percent.

Following the new SEBI regulations, this is the first AT1 Bond issuance in the domestic market. The issue garnered an overwhelming response from investors with bids in excess of Rs 10,000 crore received against a base issue size of Rs 1,000 crore.

The public sector bank has now decided to accept Rs 4,000 crore at a coupon of 7.72 percent based on the response.

Also, worth mentioning here is that SBI has recently added a new and enhanced security feature - 'SIM Binding' in Yono and Yono Lite to safeguard the interest of its customers

The new version of these platforms are expected to protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have SIM of mobile numbers registered with the Bank.

To access the new version of Yono and YONO Lite with enhanced security features, users will have to update their mobile app and complete the one-time registration process on these Apps.