State Bank of India Ibanking

Can you tell me the facility provided under Internet Banking in State Bank of India as I want to open an account for Internet Banking in State Bank of India?

[Kiran Chandar]

The Internet banking portal of State Bank of India, allow its retail banking customers to operate their accounts from anywhere anytime. It helps customers to carry out their banking activities from their desktop, aided by the power and convenience of the Internet. All its branches are enabled for Internet Banking. Cut off risks from online banking.

Using Internet banking services, one can do the following banking transactions online:
• Funds transfer between own accounts.
• Third party transfers to accounts maintained at any branch of SBI
• Group Transfers to accounts in State Bank Group
• Inter Bank Transfers to accounts with other Banks
• Online standing instructions for periodical transfer for the above
• Credit PPF accounts across branches
• Request for Issue of Demand Draft
• Request for opening of new accounts
• Request for closure of Loan Accounts
• Request for Issue of Cheque Book
• Earn reward points for transactions through Internet Banking

Other Salient Value-Added Features are:
• Utility bill payments
• Online Ticket Booking for travel by Road, Rail and Air
• SBILIFE, LIC and other insurance premia payments
• SBI and other Mutual funds Investments
• SBI and other Credit Card dues payments
• Tax Payment  Income, Service, State Govt
• Customs Duty Payment
• Online Share Trading (eZ-trade@SBI)
• Online Application for IPO
• Fee Payment to select educational institutions including IITs and NITs

Internet Banking Security Tips:
Rules to make Internet Banking experience safe and secure:

1. Keep on changing Password at regular intervals
2. Help SBI in preventing frauds (phishing) by reporting such incidents
3. Access portal by typing onlinesbi.com Do not click on any shortcuts/links
4. Avoid accessing one’s account from public places like cyber cafes
5. Always use virtual keyboard to enter user ID and Password
6. Always avoid entering sensitive info in pop-ups
7. Track one’s transactions and usage history regularly
8. Use latest and genuine software on system with secure settings