Online State Bank of India Personal Banking

What is the OnlineSBI ? What are the products and services offered by the Internet Banking service of the State Bank Of India ?

[Quick Sam]

OnlineSBI is the Internet banking service offered by State Bank of India, India's largest and premier commercial bank .

Products and services offered:

• Mobile/DTH Recharge
• E Annuity Deposit
• Buy Affordable e-Life Insurance Cover!
• Online Fixed Deposit under Income Tax Savings Scheme
• Tax payments
• Block ATM Card
• Internet Banking on Mobile
• Online SB Account Application
• Smart Pay-out Card
• State Bank Virtual Card

There are total 15,000 branches across India.

Retail Internet Banking--- It offers a plethora of products and services, to cater to all your banking demands online:

• Transfer funds to own and third party accounts
• Airline, Rail, Bus and hotel ticket booking
• Online Shopping and instant recharge features.
• IMPS Funds Transfer
• Western Union Service
• A suite of completely online deposit products (Fixed, Recurring, Flexi, Tax Saving etc.)
• Credit beneficiary accounts using RTGS/NEFT feature
• Generate account statements
• Setup Standing Instructions and Scheduling payments
• Configure profile settings
• E- Tax for online tax payment
• E - Pay for automatic bill payments
• Avail DEMAT and IPO services
• Pay bill of Visa Credit Card issued by any Bank.
• Other Value added Services

Corporate Internet Banking---It enables the corporate customer to carry out banking activities anywhere and anytime

• Convenience banking – Operate your account from the comfort of home or office.
• File upload facility: Facilitates bulk payment of salary, tax, pre-paid card top up, utility bills, remittances etc.
• Transfer money to other bank and SBI accounts.
• Supplier Payment - Make online, instantaneous payments to registered suppliers.
• Maker – Checker model to ensure security and integrity in the transactions.
• Anytime Banking- Enquire/transact on your account on a 24 x 7 basis.
• Save time and costs- No need to go to the bank branch for routine transactions.
• Promote Green Banking – No hassle of paper work
• Pay your Bills, taxes and statutory dues online- Beat the queues.
• Merchant Payments by using Merchant pre-approved limit to different merchants like telecom, electricity, municipal corporations etc.,
• ASBA: Apply to IPOs online.
• MIS / Reverse file: - Convenience of easy reconciliation.
• State Bank collect – For collecting and remitting various fees, collections, etc.