April 26, 2023

SBI Net Banking - Login, Registration, & Activation

Whether you are technology challenged like me or a savvy techie, you cannot ignore the rising pace of adoption of digital banking or net banking services especially during the Covid-19 phase**.**
The sheer ease, speed and seamlessness of executing an online transaction to accessing information through superior technology enabled digital platforms with safe and secure gateways are driving customers to adopt netbanking facilities**.**
Are you then curious! to open a netbanking account, say for example with SBI Bank.
As a netbanking customer you can carry out fund transfers online to either your own account or third party account,IMPS fund transfer, make e- deposits such as e-recurring deposit, e-annuity deposit , e-TDR scheme to smart cards to utility bill payments to air, rail, bus and hotel bookings to online shopping to DEMAT and IPO services and much more.
The net banking process is really simple. Let us assume you have an existing account with SBI wherein you rely on traditional banking transactions and now you wish to go the online way.
All you need to do is to visit your SBI Bank branch and register for the Internet banking service. The branch will provide you a Pre Printed Kit (PPK) containing username and password for first login.

The other method of opening a net banking account with SBI is online- without visiting the branch. Here again the process is fairly simple.

  • Firstly, login to SBI web portal, www.onlinesbi.com
  • Navigate through the menu and click the 'Personal Banking' section and then within this tab select 'New User Registration/Activation'.
  • You then need to fill up the registration form with details such as registered mobile number, account number, CIF, branch code, country etc. and press submit.
  • After this step, you will receive an OTP on your registered mobile number.
  • As a next step, you can type your ATM card details to complete the registration and activate the net banking services.
  • At this stage, a temporary username will be displayed on the screen. Create your own login password to register successfully.
  • Once completed, just log into SBI web portal using a temporary username and password.
  • You then reset your username and password as a part of cyber best practices.
  • You are now ready to avail an entire bouquet of service transactions online.
As India's oldest and largest bank, SBI has an enviable track record of becoming
the second biggest public Indian company ( after Reliance Industries) and has made it to the Forbes Global 2000 list with a global ranking of 105. Founded in 1955, the bank has an asset base of ₹5,177,545 crore ( FY2022).
With 23% market share by assets and a 25% share of the total loan and deposits market, SBI became the third lender (after and seventh Indian company to the ₹5-trillion market capitalization on the Indian stock exchanges for the first time.

Frequently Asked Questions (FAQs):

Q. Can I avail all the normal banking transactions through SBI net banking services?

Yes, you can do the following normal banking transactions online by logging into SBI's internet banking portal, www.onlinesbi.com SBI's comprehensive, safe and secure platform allows its retail customers to carry out the following banking activities such as:
  • Funds transfer between their own accounts.
  • Third party transfers to accounts maintained at any branch of SBI
  • 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

Q. What are the value added features of SBI's net banking portal?

Some of the key 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

Q. Do I need to visit any specific branch for netbanking services?

All branches of SBI are enabled for Internet Banking. You can visit your nearest branch to get started.

Q. Is the SBI's online platform safe?

Yes, SBI's online portal is safe and secure as the site is 'VeriSign' certified. It assures that during the session the user is dealing with the web-site of SBI. The two-way communication is secured with 128-bit SSL encryption technology, which ensures the confidentiality of the data during transmission.
Besides, additional layers of security are available for doing transactions.

Q. How do I ensure my netbanking transactions are safe and secure? Any cardinal rules to follow?

As a netbanking customer, your primary requirement is that all your transactions should be safe and secure.
Here is a list of 'Dos and Don'ts':
  • Change your Password at regular intervals,typically once in three months.
  • Access portal by typing www.onlinesbi.com
  • Do not click on any shortcuts/links
  • Avoid accessing your account from public places like cyber cafes
  • Use virtual keyboard to enter user ID and Password
  • Avoid entering sensitive info in pop-ups
  • Track your transactions and usage history regularly
  • Use the latest and genuine software on your system with secure settings.

Q. What can i do if i haven't received my password; although i have received the username?

In such a scenario, just login in to SBI web portal www.onlinesbi.com and navigate to the 'trouble login' subset of and user id and password not received option.
You type the branch name (5 digit) and account number (11 digit) for which you have not received user id and password.

Q. How do I change my username?

You cannot change your username on your own. You need to request your branch to register you again.

Q. What is the maximum threshold fund limit through SBI netbanking?

For retail customers making fund transfers through netbanking :
  • RTGS and NEFT, the maximum fund transfer limit is ₹10 lakhs.
  • IMPS transactions done through net banking, mobile banking or YONO, the maximum threshold limit has recently been raised to ₹5 lakhs.

Q. Are there any charges for online fund transfers?

SBI does not levy service charges for online fund transfers either through netbanking, RTGS/NEFT, IMPS.
However, if fund transfers are executed through SBI Bank branch then service charges are applicable.
For example: IMPS transactions done through branches for amounts ranging ₹2 lakh to ₹5 lakh, the service charge is ₹20 plus GST.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

What are QR Codes & How to Scan - Meaning, Full Form, & Types

Quick Response (QR) codes have become increasingly prevalent in recent years. Invented in Japan in the early 1990s, these two-dimensional barcodes have revolutionised how information is shared, accessed, and stored. This post explores the definition of QR codes, their different types, and how they work.

ICICI Bank Netbanking

As India's second-largest private sector player in terms of asset size, the 28-year-old bank, and a 67-year-old institution, ICICI Bank has been a trailblazer when it comes to digital banking or internet banking in India.

How we can Check Deutsche Bank Balance?

It all begins with ' i need to know' and then the 'search' for 'how do i get to know' be it your shopping to home buying to banking. As access to information becomes empowering in helping you make refined choices, the option of using digital options across industries has become a new normal. Banks in India as well as across the globe continue to offer innovative smart, safe and secure ways to go about your banking transaction at your convenience, anytime, anywhere. Let us take a simple example: As a customer of Deutsche Bank India, if you wanted to know your account balance, you had to fill out a form and submit it to your branch or ATM. However, you can now view your account balance online by registering with Deutsche Bank balance check service on your mobile phone without going to the branch or ATM. Let me explain 'how' in detail after I give you a brief on Deutsche Bank. Deutsche Bank AG, founded in 1870 in Berlin is one of the world's premier financial institutions with a total asset base of over EUR1326 billion ( September 30, 2021). As a full service bank its services portfolio comprises investment banking, corporate and retail banking, and asset and wealth management solutions and has footprints in EMEA, the Americas, and the Asia-Pacific. The bank established its Indian operations, Deutsche Bank India in 1980 and over the years spread its branches across 16 cities within India. Headquartered in Mumbai, Deutsche Bank's key focus area has been investment banking, corporate and transaction banking, treasury and derivatives operations, institutional equities broking, retail banking, private wealth management and business processes outsourcing. It launched its retail-banking services in 2005. Deutsche Bank India has a total asset base of ₹129,430 crore and (as on March 31, 2021). Let us now delve deep into the ' how is the online balance enquiry done' at Deutsche Bank India. - To begin with you must have an existing account with Deutsche Bank India. - Secondly, you need to activate your Deutsche Bank balance check service online on your registered mobile number by downloading Cointab app for Android or iPhone Install app. - Select Deutsche Bank for bank account registration and subsequently all your Deutsche Bank accounts will be registered and activated for mobile banking. - You now have to enter your debit card number to generate a secure banking PIN and select the Balance Check option. - Finally by entering your banking PIN, your account balance will be displayed on the screen - Deutsche Bank India does not charge any additional fee for this service. - You don't have to call any toll-free number or send an SMS or give any missed calls. - Besides, you can check your account balance anytime, anywhere, even on Saturday and Sunday and Bank holidays. - You can access your Deutsche Bank balance enquiry service any number of times , free of charge. Besides, mobile banking method which has been discussed in the above details, customers can also do their Deutsche Bank Balance Enquiry through other mediums such as: - Net banking - Phone banking - ATM - Passbook

IMPS vs. NEFT: Key Differences And Benefits

If you use electronic payment systems, you should be familiar with IMPS and NEFT. Both of these are strategies for moving money from one bank account to another. Understanding how each of these methods of money transfer works might help you choose the best approach for your needs. Let's go over these methods in depth!