So, these are the most basic of all services for which the SBI has done a wonderful job.
Now, you need not go to the branch and stand in queue for long hours. Or spend your precious time and car petrol to be just doing these 4 basic services that can be done online now.
So, let me list them here for your perusal:
- Submission of 15G/H Forms
- Transfer of Savings Account
- Obtaining Home Loan Interest Certificate
- Debit Card related Services
SUBMISSION OF 15G/H Forms:
The submission of 15G/H forms is done by those who wish to get exemption from paying TDS on the interest income.
Interest Income is the interest that you earn on your Deposit accounts. Deposit Accounts are those account that lock your money for a certain fixed term like days or months or years.
In Banks, the interest income includes the income that you earn on your Fixed Deposits and Recurring Deposits. Your Savings Account and Small Savings Accounts like Sukanya Samridhi Account and Public Provident Fund Account are out of the purview.
TRANSFER OF SAVINGS ACCOUNT
You may now transfer your Savings Account from one SBI branch to another SBI branch anywhere in India without visiting the branch.
Many account holders face the issue of getting their accounts transferred to their respective places after they have moved. With an online option, you may simply login to your account online and have your account transferred. So simple!
And your account reflects the new branch code within seconds. You can look up the branch code of any branch using the SBI branch locator below:
https://sbi.co.in/web/home/locator/branch
There are few exceptions to transfer the Savings Account. For example, if the account is joint, then you need to visit in person or contact them via email.
HOME LOAN INTEREST CERTIFICATE
You can now obtain your Home Loan Interest Certificate using the online option.
We need this certificate to claim Income Tax rebate and exemptions. So, it comes in handy and you can download the form in the PDF format and share it with anyone.
Otherwise, we need to visit the branch and the process of obtaining a simple one-page certificate becomes such a cumbersome process.
DEBIT CARD RELATED SERVICES
SBI has stopped sending the PIN of your Debit Card in the mail. So, you need to create it on your own using the OTP and the ATM options.
But, with an online option, creating your Debit Card PIN has become a child’s play.
The other Debit Card related services that are available online are:
- Blocking of ATM Card: In case you lose your Debit Card, you can immediately block your card from any unauthorized usage.
- ATM card limit and Channel Usage: You can change the limit on your card. It means that you can set a limit on how much can be used using the ATM card. For example, you want to restrict the usage to Rs. 50000/-, it will be restricted to this amount.
- New Card Activation
- New or Replacement Card Request
HOW TO AVAIL THESE 4 BASIC SERVICES ONLINE:
All the four basic services viz. Submission of Form 15G/H, Transfer of Savings Account, Home Loan Interest Certificate and Debit Card related services are available on the Internet Banking service and the YONO mobile App.
USING THE INTERNET BANKING SERVICES:
Here are the steps, you may use:
- Login to your Internet Banking using your login credentials
- Go to the top menu bar and choose the option: eServices
- As you keep the cursor on the tab, you will see the drop-down menu. You may either select the respective service and go straight to the service or simply click on the tab and the whole menu will open at the bottom.
USING THE YONO LITE MOBILE APP
The option to use the mobile app exists with YONO App. You need to remember that the internet banking services are available on your Android or Apple phone as YONO LITE.
You can login to your YONO Lite App using the Internet Banking Credentials.
The services, Submission of Form 15G/H, and the transfer of Savings Account are available under the services option.
The limited Debit Card related services are available under the Manage Cards option.
