SBI Mobile Banking

SBI Mobile Banking has the following services:  

1. Account Summary: View comprehensive summaries of all your accounts, including balances and recent transactions. 

1. Add/Manage Beneficiary: Add new beneficiaries for fund transfers or manage existing ones for ease of transactions. 

1. Bill Payment: Pay your utility bills, credit card bills, and other invoices directly from the app. 

1. Cheque Book Request/Stop Cheque: Request a new cheque book or stop payment on issued cheques if needed. 

1. DTH Recharge: Recharge your Direct-to-Home (DTH) television services quickly and easily. 

1. eStatement Download: Download detailed electronic statements for any specified period for record-keeping or analysis. 

1. e-Statement Subscription: Subscribe to receive regular electronic statements directly to your email. 

1. Fund Transfer (NEFT/RTGS/IMPS/UPI): Transfer funds to other accounts using various methods like NEFT, RTGS, IMPS, and UPI. 

1. Get/Cancel MMID: Obtain or cancel your Mobile Money Identifier (MMID) required for mobile banking transactions. 

1. Manage/Schedule Bills: Organise and schedule your bill payments to ensure timely transactions. 

1. Mini Statement: Access a concise summary of recent transactions to keep track of your spending. 

1. Mobile Recharge: Recharge your mobile phone instantly to stay connected at all times. 

1. mPassbook: Maintain a digital passbook that shows all transactions and account activities. 

1. Online Nomination: Add or update nominees for your accounts to ensure smooth transfer of assets. 

1. Open eDeposits: Open electronic fixed or recurring deposits directly through the app without visiting a branch. 

1. Quick Transfer & Donations: Transfer money instantly or make donations to registered charities. 

1. Schedule Transactions: Set up future transactions, such as transfers or payments, to process automatically on a specified date. 

1. Send mCash via mobile or email ID: Send money using the recipient’s mobile number or email address, making transfers easy without needing bank details. 

1. Submit Form 15G/15H: Submit tax exemption forms online to avoid TDS deductions if you qualify. 

1. TDS Enquiry: Check details of Tax Deducted at Source (TDS) on your accounts to monitor your tax obligations. 

1. View Bank Account Details: Access detailed information about each of your bank accounts, including account numbers and balances. 

Modes of Mobile Banking via State Bank Freedom:

State Bank Freedom offers several modes of mobile banking. You can use the service through an application or WAP (Wireless Application Protocol). This is accessible on Android, iPhone, or Java-enabled phones, and does not require GPRS. Download the State Bank Freedom app or use WAP with or without Java. The service is free, though GPRS and SMS charges apply, with a daily transaction limit of Rs.50,000 and a monthly limit of Rs.2,50,000. Features include cheque book requests, balance enquiries, fund transfers, DTH/mobile top-ups, IMPS, merchant payments, postpaid bill payments, ATM/branch locator, SBI Life Insurance premium payments, and railway ticket booking via IRCTC. 

Additionally, you can use SMS for banking services by sending keywords to 9223440000.  To activate SBI SMS banking, simply register your mobile number with the bank. This service is available for all savings and current account holders and is free of charge, although SMS charges apply. It’s advisable to delete messages for security. The daily transaction limit is Rs.1,000 and the monthly limit is Rs.5,000, with the option to increase these limits using an OTP. 

Finally, SBI mobile banking can be accessed via USSD (Unstructured Supplementary Service Data) by dialing *595# on any non-CDMA phone. This mode allows mobile top-ups, fund transfers, and enquiry services. 

SBI Mobile Banking Registration: 

To register for SBI's mobile banking services, follow the steps mentioned below: 

Using a mobile phone: 

1. Send an SMS the code 'MBSREG' to 9223440000/567676 to get your user ID and default MPIN. 

1. Along with the credentials, you will also receive a link to download the mobile banking application. You can also download the app directly from the app store. 

1. After downloading the app, you can log in using the credentials provided. 

1. Once you are logged in, change the MPIN to any other 6-character code of your choice. 

Using an SBI ATM: 

1. Visit your nearest SBI ATM 

1. Select the option 'Mobile Registration' and enter your mobile number 

1. Confirm the mobile number 

1. After confirmation, you will receive an activation SMS 

1. After receiving the SMS you can use SBI's mobile banking services 

At SBI's branch: 

1. Visit your SBI Home branch and fill up the registration form. 

1. After providing all the necessary details, your mobile banking services will be activated 

SBI Mobile Banking Login: 

Follow the steps mentioned below to log in to SBI's mobile banking services: 

1. Download SBI's mobile banking app 

1. Enter your username and password 

1. Click on the 'Submit' option to proceed with the login process. 

1. If you are a new user, you can click on 'New User Registration' to register with the services. 

How to Reset SBI MPIN? 

The steps to reset your SBI MPIN are given below:  

Step 1: Visit SBI's online portal via your mobile browser. 

Step 2: Log in using your User ID and current MPIN. 

Step 3: Go to the 'Settings' option in the menu. 

Step 4: Enter your old MPIN and then your new MPIN. 

Step 5: Confirm the change by following the SMS instructions you receive. 

SBI Mobile Banking Apps and Their Features:

SBI fund transfer options: 

There are various modes of fund transfer that SBI account holders can avail. They are: 

1. NEFT: NEFT or National Electronic Fund Transfer system is available for use by SBI’s users. This mode of electronic fund transfer works on DNS (Deferred Net Settlement) basis at specific times of the day. In this system of fund transfer, the transaction is carried out between banks through payment instructions. There is no set limit for NEFT transactions. 

1. RTGS: RTGS or Real Time Gross Settlement is a system where funds are transferred at real time based on transfer instructions received. It is referred to as gross settlement as the funds are settled individually as per instruction. It is the fastest mode of interbank money transfer in India. 

1. IMPS: Immediate Payment Service or IMPS is an instant electronic fund transfer used for interbank transactions. This service can be availed through your mobile phone as well as channels such as internet banking, ATM, etc. SBI provides IMPS facility to its customers who are registered for using online SBI services. 

SBI NEFT, RTGS, IMPS – Timings, Charges and Limits: 

NEFT Timings and Charges 

RTGS Timings and Charges 

SBI Mobile Banking: Security Measures: 

If you are using State Bank Freedom, some of the security measures are: 

1. In case your phone is misplaced or stolen, your account is still safe as there is no information saved on your SIM card or mobile phone. You can also call customer service in case of misplaced phone to report the theft deactivating your IPIN. 

1. In case you enter your IPIN incorrectly a number of times consecutively, SBI blocks the pin. 

Benefits of using SBI Mobile Banking 

State Bank FreedoM, the mobile banking services of SBI gives you the advantage of anytime banking through your phone. 

1. SBI Mobile Banking (State Bank FreedoM) lets you bank anytime from your phone. 

1. Available to all SBI account holders. 

1. Free to use, except for SMS charges. 

1. Safe and secure. 

1. Offers various banking services. 

1. Works with any mobile network. 

1. Future plans include booking movies, air, and train tickets. 

Key Highlights of SBI mobile banking

1. Balance enquiry
2. Demat enquiry
3. Transfer of funds
4. Bill payments
5. Instant opening or closing of FDs and RDs

SBI Mobile Banking: Security Measures 

If you are using State Bank Freedom, some of the security measures are: 

1. In case your phone is misplaced or stolen, your account is still safe as there is no information saved on your SIM card or mobile phone. You can also call customer service in case of misplaced phone to report the theft deactivating your IPIN. 

1. In case you enter your IPIN incorrectly a number of times consecutively, SBI blocks the pin. 

SBI Mobile Banking:  Do’s and Don’ts: 

Following are the Do’s and Don’ts while using SBI Mobile Banking: 

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.