Welcome to our blog, where we will be discussing the recent announcement made by the State Bank of India regarding the temporary unavailability of its UPI service due to annual closing activities.
- The State Bank of India is one of the largest public sector banks in India, providing its customers with a wide range of banking services, including internet banking and UPI-YONO services. However, customers who rely on these services will need to find alternative options as they will remain shut for a day.
- The bank has announced that its UPI-YONO service will be unavailable on April 3, 2023, due to the annual closing activities of the bank. This is a routine activity carried out every year to close the books for the financial year. During this period, the bank reconciles its accounts and carries out other end-of-year activities.
- While the UPI-YONO service is unavailable, customers will not be able to access the bank's internet banking service, UPI-YONO service, or any other digital channels. This means that customers will not be able to make any transactions or check their account balances through these channels.
- The bank has advised its customers to plan their transactions accordingly and make necessary arrangements to avoid any inconvenience during the period of the shutdown. However, the bank has assured its customers that all other banking services, including ATM and branch banking, will be available as usual.
To summarize, the State Bank of India's UPI-YONO service will be unavailable on April 3, 2023, due to annual closing activities. During this period, customers will not be able to access internet banking service, UPI-YONO service, or any other digital channels. We advise customers to plan their transactions accordingly and make necessary arrangements to avoid any inconvenience. All other banking services, including ATM and branch banking, will be available as usual.
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