State bank of india: If you also have an account in State Bank of India (SBI), then there is an important news for you. The State Bank of India (SBI) shared an update for its customers, saying that on September 7, 2025, that is, SBI’s Internet Banking Yono App, Yono Light, Yono Business (Web and Mobile) services will be closed tomorrow. Also, many services like Cinb will also be temporarily interrupted. Customers are advised to make their transactions plan in advance to avoid inconvenience during this period.

How long will the services be closed from when?

State Bank of India has said that its internet banking will remain closed from 1:20 pm to 2:20 pm on September 7, 2025 from 1:20 pm to 2:20 pm on September 7, 2025. During this time, the work of maintenance will be done. According to SBI, “Due to the work of maintenance, internet banking, retail, merchant, yono lights, CINB, Yono Business Web and Mobile App, Yono’s services will not be temporarily available between 1:20 pm to 2:20 pm Indian time on 7 September 2025. However, UPI lights and ATMs will remain in the same way. Set up the work of transaction in advance.

What is SBI Yono?

Yono (You Only Need One) is the digital banking platform of State Bank of India (SBI). This app is a one stop solution from bill payment to services like shopping, insurance, investment. You can manage your account through the Yono app, can transfer funds online, make bill payment. Apart from this, you can also take advantage of some non-banking facilities such as applying for a government scheme. Users also get reward points on shopping many times through this app. Through this, you can manage your finance better, without going to the branch.

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SBI Loan Scheme for Agniveer: State Bank of India (SBI) has launched a special individual loan scheme for the Agnivirs admitted under the short -term Agneepath Recruitment Program of the Government of India on the occasion of 79th Independence Day. SBI announced this on Thursday. Under this loan scheme, Agnivir Jawan, who holds a salary account in SBI, will be able to receive an amount of up to four lakh rupees as a loan without any guarantee. Along with this, there will not be any processing charge on it.

Special Loan Scheme for Agniveer soldiers:

The statement further stated that the repayment period will be in line with the service period of the Agneepath scheme. Apart from this, the bank is offering a minimum interest rate of 10.50 percent to all defense personnel by 30 September 2025.

SBI Chairman C.S. Shetty said, “In SBI we believe that those who are protecting our freedom are entitled to our unwavering support in their future. The initiative has been part of the long -term commitment to the welfare of India’s armed forces through the bank’s defense salary package, which has long been available to the firemen.

Agniveer’s first batch will retire in 2026

Significantly, on 14 June 2022, the Union Cabinet approved an attractive recruitment scheme to serve the armed forces for Indian youth. This scheme was named Agneepath Yojana, and the youth admitted under it are called Agniveer. In this scheme, the youth get an opportunity to serve the army for four years, after which they will retire. Thus, by the end of 2026, the first batch admitted under the Agneepath scheme will be retired.

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State bank of india: If you have an account in State Bank of India (SBI), then this news is very important for you. Actually, this largest government bank of the country has made a big change in the rules of sending money online through IMPS (Imiderate Payment Service). SBI is going to change the charge on online IMPS transfer from August 15. This change will be for retail customers. At the same time, these changes will be effective from September 8 for corporate customers. This rule of SBI is expected to affect around 40 crore customers.

How much fee will be paid?

Usually IMPS is used to send money immediately online, but now with this new change you may have to pay a small price on some big transactions. However, SBI has kept small transactions customers out of the purview of this rule. There will be no fee on transactions up to Rs 25,000.

There will be no fee on transactions up to Rs 25,000 through internet banking or Yono app. You will have to pay a minor fee on transfer of more than Rs 25,000.

Rs 25,000 to Rs 1 lakh – Rs 2 + GST
1 lakh rupees to Rs 2 lakh – 6 rupees + GST
2 lakh rupees to Rs 5 lakh – 10 rupees + GST

Explain that this fee will be applicable only to the IMPS transactions done in the way online (Internet Banking, Mobile Banking).

Rules of transactions from branch are different

If you go to any branch of State Bank of India and do transactions, then no fee will be paid on the amount up to Rs 1000. This will have to pay for a big amount.

Rs 1,000 to Rs 10,000 – Rs 2 + GST
Rs 10,000 to Rs 25,000 – Rs 4 + GST
Rs 25,000 to Rs 1 lakh – Rs 4 + GST
1 lakh rupees to 2 lakh rupees – 12 rupees + GST
2 lakh rupees to 5 lakh rupees – 20 rupees + GST

These people will not have to pay any charge

However, SBI has waived the IMPS fee on online transactions for some special salary accounts. That is, they have been given a complete discount from this new charge. These include Defense Salary Package, Police Salary Package, Central Government Salary Package and Shaurya Family Pension Account. From September 8, the same revised fees will be applicable on corporate customers. However, some current accounts like Gold, Diamond, Platinum and Rodium, along with government departments and legal institutions, will be exempted from IMPS charge for online transactions.

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Rbi on bank minimum balance: The Reserve Bank of India has denied any restriction on arbitrary minimum balance by banks. RBI Governor Sanjay Malhotra said that the central bank leaves the decision to banks how much minimum balance they decide. This statement from RBI has come at a time when ICICI Bank has increased the average monthly balance for the new savings account opening from 1 August 2025 to Rs 50,000.

The minimum balance in metro and urban branches has been increased from Rs 10,000 to Rs 50,000, while in semi-urban branches, it has been increased from Rs 5,000 to Rs 25,000 and in rural areas it has been increased to Rs 10,000.

RBI refuses to interfere

However, these changes will only apply to new customers, while the new minimum balance rules for old account holders will not apply until the notification is issued by the bank. If customers do not meet the terms of this average balance, then penalty will be imposed on them by the bank.

Reserve Bank of India Governor Sanjay Malhotra said on Monday that banks are free to fix the minimum balance in savings accounts and it does not fall under RBI regulatory jurisdiction. He said this in a conversation with reporters during a ceremony organized on financial inclusion at Gojiaia Gram Panchayat in Mehsana district of Gujarat.

What did Sanjay Malhotra say?

Asked about increasing the amount of minimum balance required for private bank ICICI’s savings account, Sanjay Malhotra said, “RBI has left the decision to decide the minimum balance on each bank. Some banks have kept it Rs 10,000, some have kept Rs 2,000 and some have given the customers. ICICI Bank has increased the minimum balance limit for those opening new savings accounts from 1 August.

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State bank of india: State Bank of India, the country’s largest public sector bank (State Bank of India) is preparing to sell shares worth Rs 25,000 crore to its institutional investors next week. Sources associated with the case say that this can be the biggest deal of its kind in the country.

Board approved in May

According to a report by Bloomberg, if a qualified institutional placement (QIP) is completely subscribed, it will be the largest QIP based equity fundrazing ever in India, which will overtake the sale of Rs 225.6 billion by Coal India Limited in 2015. The bank’s board approved this sales in May. However, the plan has not been finalized yet, there may be some changes in it. Earlier, the bank raised funds through QIP in June 2017. At that time SBI raised Rs 15,000 crore by selling 522 million shares.

Why did the bank decide to sell shares?

It is being told that this sale will increase the capacity of the bank to give loan, the balance sheet will be strong and it is a part of the comprehensive plans to meet regulatory needs. It is being told that the bank has selected more than six merchant banks for this transaction, including the names of Kotak Mahindra Capital Company, ICICI Securities, HSBC Securities and Capital Markets, Citragroup Global Markets, Morgan Stanley and SBI Capital Markets.

Sold your stake in Yes Bank

In the same year, SBI sold its 13.19 percent stake in YES Bank to Sumimoto Mitsui Banking Corporation (SMBC) of Japan. The deal took place for Rs 8,889 crore. With this, now Yes Bank has reduced SBI’s stake to 10.78 percent. SMBC Sumimoto is a unit of Mitsui Financial Group.

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SBI Netbanking Updates: If you are a customer of State Bank of India, then you may have to face some problems during the use of net banking daily. However, there is no concern in this because it is not a technical problem of the bank. For upgradation of its system on behalf of the bank, it can get temporary obstruction for three to four minutes from five in the morning to six o’clock in the morning.

Problem due to upgradation

Expressing regret for the inconvenience to the customers, SBI said that this is being done for better experience. Like other banks, SBI also keeps updating its safety and software time to time. However, all this happens when banking activities are very low in the morning, so that the customers do not have to face any kind of obstacle.

Some important things have been shared by SBI for their customers, so that people have to face less problems-

Profile password will be mandatory to convert every SBI customer in three hundred and sixty -five days. Also, it will be necessary to convert OTP based login password every 180 days. Bank customers can keep their account completely under control by using lock and unlock feature.

Alphabet, special sign and number must be used while making a profile password. If you have forgotten the password, then click on the link of Forgate password and give the information sought. With this, you can reset passwords.

At forgetting the username at the time of using internet banking, the branch can be contacted or the username can also be reset through the bank’s website. With this, bank customers can change their password as many times as they want. This advice from SBI is given to its customers to change the password regularly so that the information of the account remains safe.

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SBI Home Loan Rate: After the Reserve Bank of India (RBI) cut the repo rate by 50 basis points, now the State Bank of India (SBI) has reduced the interest rate for home loans by 0.50 percent. The change in the lending rates of SBI will be effective from tomorrow i.e. June 15, 2025. With this, the interest rate on home loans will now be between 7.5-8.45 percent based on the customer’s credit score. Not only this, the bank has also reduced the interest rate by 25 basis points on the special deposit scheme (444 days).

EMI is cheap to customers relief

Let us know that SBI home loan external benchmark is connected to the lending rate (EBLR) and the EBLR is connected to the repo rate. In such a situation, SBI’s EBLR also affects the change in repo rate. EBLR decreases when the repo rate decreases and interest rates on home loans also become cheaper. At the same time, EBLR increases when the repo rate increases. This increases the interest on the home loan, which also increases the expenditure on EMI.

The current EBLR of State Bank of India is 8.15 %. In such a situation, the rate of interest depends on many factors like CIBIL score, loan tenure of customers. The RBI cut the repo rate by 50 basis points on 6 June 2025 and with this it decreased from 6.00 percent to 5.50 percent. The CIBIL score is between 300-900. The higher the CIBIL score, the possibility of getting a loan at the low rate will remain.

This decision of SBI will benefit those taking home loans because if the interest on the loan will be reduced, then EMI will also be reduced. This will increase their savings. EMI will also reduce the EMI now. However, now you have taken a loan at a fixed rate, then you will not get the benefit of low interest rate.

No changes made in MCLR

SBI has also talked about no changes in the Marginal Cost of Funds based Lending Rate (MCLR) during this period. This is the minimum interest rate, so that the bank cannot give loans to its customers below, so if you are connected to MCLR, then the rates will remain there. One year MCLR is 9.00 percent, 8.90 percent for six months, 8.55 percent for three months and 8.20 percent for a month.

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No penalty for low balance: Till now, there was a rule in any bank that if you do not maintain a certain amount in a month, then you have to pay for it. But now a big relief is going to be available from a government sector bank. Now no fee will have to be paid even if the minimum balance bank is not in the bank. It has been announced by Canara Bank that there is no need to complete the rules of keeping minimum balance in the savings account.

The law of minimum balance is over

Canara Bank said that bank customers will no longer be charged for not having minimum balance in the account, which includes Savings Account, NRI Savings Account and Salary Account. The statement said on behalf of the bank that it has been implemented from 1 June 2025. Earlier, the account was charged by the bank if there was no certain minimum balance in the month.

This rule has been started by Canara Bank at present and it is expected that after this initiative of the bank, people will get relief because many people are unable to meet the terms of minimum balance, due to which they have to be charged every month.

Separate charge of separate bank

It is worth noting that at this time, every bank has different rules for urban, semi urban or rural areas for minimum balance from every bank. From time to time, changes are made by the bank. That is why it is definitely that you regularly know the rules of the bank, which has your account. If you do not have a minimum balance, you can be deprived of facilities like check book, or net banking on behalf of some banks.

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