State Bank of India is the largest bank in India. With a network of over 24,000 branches nationwide and 191 offices in 36 countries worldwide, it has the maximum and most significant global presence among all Indian banks. SBI also has an efficient net banking facility to assist its national and international customers in smooth banking and offers a variety of products and services to all types of customers as well as corporate entities on its net banking platform.
What is SBI Net Banking?
The net banking facility of the State Bank of India enables you to perform various operations from anywhere and at any time. It also serves many functions, like transferring money to your friends and family, paying bills, opening fixed or recurring deposits or PPF accounts, etc. If seen, it connects today’s modern life with more modern facilities; it helps you enjoy many facilities while sitting at home. Let us know thoroughly the functions included in it.
Features of SBI Net Banking
SBI net banking facility offers many attractive features to both its retail and corporate customers. Some facilities are provided here for both the customer groups:
Retail Net Banking
- Ease of fund transfer has been one of the biggest boons of net banking, and SBI provides a secure and efficient platform. The user can transfer funds to their account by a third party within or outside another bank, saving customers valuable time and energy.
- Net banking allows users to pay mobile and DTH bills, recharge multiple accounts, and make online payments for shopping, movies, travel, and more.
- The user can also link various accounts maintained with SBI, like Loan, FD, RD, and many more, to his single net banking account and thus operate them efficiently at his fingertips at his convenience.
- It lets users file tax returns on time, view tax certificates, and pay direct or indirect taxes.
- The user can set up standing instructions for timely payment or transfer or auto-debit, as the case may be, and thus need not bother remembering each payment that must be made within the given time frame.
Corporate Net Banking
- Corporations also depend heavily on the bank’s net banking facility for their daily transactions for business.
- The security of the net banking facility allows the corporation to make large transfers or receive funds without fear of loss or delay.
- Net banking facilities allow the timely payment of dues or taxes that need to be paid to avoid delays, penalties, or any additional charges that the corporate entity may subsequently bear due to such delays.
- It also allows easy reconciliation of the entity’s accounts and viewing them on any date required for transparency or audit purposes.
Documents Required for SBI Net Banking
SBI online banking or net banking service only requires a few documents. However, one needs to keep the following details handy during the registration process:
- Registered mobile number.
- SBI account number.
- CIF number.
- SBI branch code.
- Country name.
- SBI ATM card information.
Read More: Documents Required for Karur Vysya Bank Net Banking
How to Activate SBI Net Banking?
Once the user has created a bank account with SBI, they can register for SBI Internet Banking services by filling out the Net Banking Application Form and the documents. The user will be provided with a temporary user ID and password, which can be used to activate net banking services. Here are the steps to activate SBI e-banking:
- Step 1: First, you have to open the SBI official website.
- Step 2: On the website, select ‘Personal Banking Login’.
- Step 3: Click the ‘New User Registration/Activation’ option on the next page.
- Step 4: Fill in the account number, CIF number, branch code, country, registered phone number, and banking facility.
- Step 5: The user can choose between the ‘Views,’ ‘Restrict Transactions,’ and ‘Complete Transaction’ options in the feature required section.
- Step 6: After entering all the essential details, click “I Agree” to proceed.
- Step 7: Enter the OTP received on your registered number. Click on the ‘Confirm’ button.
- Step 8: If the user has an ATM card, he can complete the registration and enable Internet banking services for his account.
- Step 9: Select ‘I have my ATM card’ and click Submit.
- Step 10: The user will be redirected to the ‘Debit Card Verification’ page, where they have to verify the ATM card credentials. Click on ‘Continue’ after entering the ATM card details.
- Step 11: The user will be asked to create a permanent username.
- Step 12: In the next step, create a unique character login password.
- Step 13: Enter the password again to confirm.
- Step 14: The user will be notified that the registration is successful. Use a permanent username and password to access Internet Banking services.
How do you Log In to SBI Net Banking?
We have explained the SBI online banking login process for both SBI individual and SBI corporate banking users.
SBI personal banking login
- First, you have to visit the official website of the State Bank of India.
- Select the ‘Login’ button under the Personal Banking section.
- Enter your username and password in the provided fields and click ‘Login.’
SBI corporate login
SBI Corporate Banking users can go through these steps to log in to their net banking portal:
- You have to visit the official website of SBI e-banking.
- Go to the Yono State Bank of India Corporate Banking section.
- Select ‘Corporate’ from the drop-down menu and click the ‘Login’ button. See the picture below for better understanding.
- Enter your user ID, password, and captcha on the next page. Click on the ‘Login’ button to access the net banking portal.
Read More: How to Login to Indian Bank Net Banking? | How to Login to IDBI Bank Net Banking?
How to Reset SBI Net Banking Password?
You can reset your SBI Net Banking password using any of the three methods mentioned below:
- Going to the bank branch.
- Using Profile Password.
- Using ATM Card Details
How to Reset the SBI Net Banking Password using the ‘Forgot Login Password’ option?
To reset your SBI Net Banking password using the ‘Forgot Login Password’ option, you need to follow the steps given below:
- Step 1: First, you must visit the SBI official website.
- Step 2: Click on the ‘Login’ option.
- Step 3: Then Click on ‘Forgot Login Password’.
- Step 4: Select ‘Forgot my login password’ from the dropdown menu and click ‘Next’.
- Step 5: Enter details like username, account number, country, mobile number, date of birth, and Captcha code.
- Step 6: Click on the ‘Submit’ button.
- Step 7: Enter the One Time Password (OTP) and click ‘Submit.’
- Step 8: You can now reset the login password.
Read More: How to Reset Password for Equitas Net Banking? | How to Reset J&K Bank Net Banking Password?
How to Transfer Funds to Other Bank Accounts through SBI Net Banking?
While transferring funds through SBI Net Banking, you need to follow these steps:
Step 1: You have to log in with your username and password.
Step 2: Click on the ‘Payments/Transfers’ tab.
Step 3: Select ‘Other Bank Transfer’ under the ‘Outside SBI’ option.
Step 4: Select the appropriate transaction type and click ‘Proceed’.
Step 5: Enter the amount to be transferred and the purpose.
Step 6: Accept the terms and conditions of the transfer funds.
Step 7: Click on the ‘Submit’ button.
Step 8: Verify details and click the ‘Confirm’ button.
Step 9: Enter the high-security password sent to your mobile number and click the Confirm button.
How do you transfer funds from a savings account to a home loan account through SBI net banking?
You should use ECS and NACH capabilities instead of regularly transferring money from your savings account to your home loan account. When you make a manual money transfer, the Bank may interpret it as a loan prepayment. As a result, you should inform the Bank before executing such a manual transfer only if there is an error in the automated EMI payment system. The steps to transfer money from your savings account to your home loan account are given below:
- Log in to the SBI Net Banking portal using your User ID and Password.
- Go to ‘Payments/Transfers’ and select ‘Funds Transfer.’
- You will be able to see the list of SBI accounts.
- Select Home Loan Account Number.
- Next, enter the amount you want to transfer.
- Select the purpose of sharing money from the drop-down menu.
- Select the payment option for when you want to share the money.
- Click on the ‘Submit’ button.
- Verify all your entered details and click ‘Confirm’ to complete the process.
Transaction Limits and Charges
The following table mentions the transaction limits and charges applicable:
| Transaction | Per Day Limit | Overall Daily Limit | Easy PIN overall category limit | EasyPIN Limits | Biometric Login Overall Limit | Charges (in Rs.) |
| Transfer within Self Accounts | 2,00,00,000 | 2,00,00,000 | 2,00,00,000 | 2,00,00,000 | 2,000 | NIL |
| Fixed/ Recurring Deposit | 99,99,999 | 2,00,00,000 | 2,00,00,000 | 99,99,999 | NIL | NIL |
| Third Party Transfer within SBI | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | 2,000 | NIL |
| Interbank Transfer – NEFT | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | 2,000 | NIL |
| Interbank Transfer – RTGS | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | NIL | NIL |
| IMPS | 5,00,000 | 10,00,000 | 10,00,000 | 5,00,000 | 2,000 | NIL |
| Quick Transfer | Per Txn Limit 25,000Per Day Limit: 25,000Overall Daily Limit: 5,00,000 | 10,00,000 | 10,00,000 | Per Txn Limit: 25,000Per Day Limit: 25,000Overall Daily Limit:5,00,000 | 2,000 | NIL |
| Credit Card VISA Transfer | 1,00,000 | 10,00,000 | 10,00,000 | 1,00,000 | 2,000 | Rs.15 per transaction, including tax |
| mCash | 1,101: Per transaction 2,202: Per day 5,101: Per month | 10,00,000 | 10,00,000 | 1,101: Per transaction2,202: Per day5,101: Per month | NIL | Rs.2.5 per transaction, including tax |
| UPI | Daily transaction limit: 1,00,000 | 10,00,000 | 10,00,000 | Daily transaction limit: Rs.1,00,000 | 2,000 | NIL |
| QR Cash Withdrawal | 4,000 | 4,000 | 4,000 | 4,000 | 2,000 | NIL |
| YONO Cash | 20,000 | 20,000 | 20,000 | 20,000 | NIL | NIL |
| Bill Payments | 5,00,000 | 5,00,000 | 5,00,000 | 5,00,000 | 2,000 | NIL |
| Mobile Top Up | Per Txn: 10,000Overall Daily Limit: 50,000 | 5,00,000 | 5,00,000 | Per Txn Limit: 10,000 Overall Daily Limit: 50,000 | 2,000 | NIL |
| SBI Prepaid Cards | 50,000 | 5,00,000 | 5,00,000 | 50,000 | 2,000 | NIL |
| DTH Recharge | 50,000 | 5,00,000 | 5,00,000 | 50,000 | 2,000 | NIL |
| Postpaid Bill Payments | 50,000 | 5,00,000 | 5,00,000 | 50,000 | 2,000 | NIL |
| SBI Life Premium | 50,000 | 5,00,000 | 5,00,000 | 50,000 | 2,000 | NIL |
| Transaction Limit for a newly added Beneficiary | 1,00,000 | 1,00,000 | 1,00,000 | 1,00,000 | NIL | NIL |
SBI Net Banking Customer Service
Customers can contact the Bank for any queries or issues related to their Net Banking account using any of the following contact details:
- Toll-free number – 1800 11 2211/1800 425 3800
- Other Contact Number – 080 26599990
- Text/SMS Service – SMS UNHAPPY to 8008 20 20 20
- Missed Call Banking – SBI Quick
Postal Address – Customer Service Department
State Bank of India,
State Bank Building, 16th Floor,
Madam Cama Road,
Mumbai 400 021,
Phone: 022-22029456.
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