The State Bank of India (SBI) has announced that most of its digital banking services would be unavailable on Friday due to annual account closing activities. Every year, April 1 marks the beginning of a new financial year and banks perform such account operations.
The Unified Payments Interface (UPI), internet banking, and the YONO app for SBI will all be unavailable for a stipulated period.
— State Bank of India (@TheOfficialSBI) 1648791546000
SBI took Twitter to alert its consumers about the situation. According to the tweet, “The services INB/Yono/Yono Lite/Yono Business/UPI will not be available from 13.00 hrs to 16.30 hrs on 1.04.2022 due to annual closing activity.”
Earlier, due to maintenance work, SBI’s internet banking services, such as YONO, have been unavailable on many occasions recently.
SBI, India’s largest bank with a quarter of the market, with over 22,000 branches, 62617 ATMs/ADWMs, and 71,968 BC shops, serving over 45 crore people, according to the SBI website.