The State Bank of India (SBI) said most of its digital services will remain unavailable on Sunday as the public lender will undertake maintenance activities. SBI’s Unified Payment Interface (UPI), online banking and YONO app will be temporarily closed. Speaking to Twitter, SBI posted: “We will be undertaking maintenance activities between 2:40 am and 6:40 am on June 13.”
The bank further added that during said period INB / YONO / YONO Lite / UPI will be unavailable. âWe ask our valued customers to stay with us as we strive to provide a better banking experience,â SBI said in its tweet.
Also read: SBI net banking, UPI services will be unavailable for 4 hours on Sunday
The lender suffered a similar brief shutdown in which its digital banking platforms, including YONO, YONO Lite, UPI and online banking, were affected for a few hours due to maintenance work.
SBI is the largest bank in India in terms of reach and network. The state-run lender operates more than 22,000 branches and more than 57,889 ATMs across the country.
As of December 31, 2020, SBI had over 85 million internet banking users and 19 million mobile banking users in India. The number of UPI users of the bank stood at 135 million.
Also read: Scrapping plan to set up payment network: SBI union, others write to RBI
SBI currently has 35 million registered YONO users. The bank recently launched an unsecured loan called the ‘Kavach Personal Loan’ for its customers facing financial hardship due to expenses related to COVID treatment.
The public lender, as part of the program, provides unsecured personal loans of up to Rs 5 lakh at an annual interest rate of 8.5%, aimed at helping clients cover self-medical expenses and family members for COVID-19 treatment.
The program will allow buyers to benefit from loans of up to 5 lakh at an effective interest rate of 8.5% per annum for 60 months, which includes a three-month moratorium.
Also read: The SBI launches a “Kavach” personal loan program of up to Rs 5 lakh for COVID patients