A central bank is a financial institution that regulates the country’s monetary policy and currency, and is also responsible for other important functions including issuance of banknotes and cash, supervision of commercial banks, regulation of the availability and cost of credit, macroeconomic forecasting, protection of financial consumers and prevention of money laundering, terrorism financing, and…
Yono stands for “You Only Need One”. SBI YONO is a mobile banking application launched by State Bank of India in 2017 that provides access to services including banking, bill payment, investing, insurance etc. The app offers various financial and non-financial services to all SBI clients from one single interface including the option to open…
State Bank of India is the largest public sector bank in India providing banking services to millions of customers throughout the nation. However, it becomes a mess when you have shifted to another location but the SBI account still have the previous address. To fix this problem, you need to update your current or correspondence…
Every SBI debit card first time user have to active the debit card first to start using it online and offline. State Bank of India (SBI) offers 5 ways to activate a debit card for transactions. The 5 ways to activate SBI debit card is listed below. Read on to learn more about the ways…
The SBI YONO referral code is a unique code that is used during the YONO app Sign Up to get certain benefits, such as discounts, cash back, or promotional offers for both the referrer and the new user. An existing SBI Yono App user shares his referral code with friends and family members and in…
A cheque book is a booklet that contains cheques, documents provided by bank to their customers to pay third parties. It is an alternative to cash and is used by small, medium size businesses for immediate cash flow. A cheque book is also issues to a savings account holder to allow account holders to make…
A bank account is a financial account maintained by a bank and financial institutions to keep a record of the financial transactions between the bank and the customer. A bank offers different types of bank account centered around serving needs of different consumers. The features of a bank account include convenience, security, direct deposit, online and mobile Banking, and automatic bill…
A bank is a financial institution that accepts deposits from the public while providing lending services to customers. Banks play an important role in the economy as they help store and create money. There are nine major types of banks in India. Every type of bank holds different responsibilities and functions, providing unique services, under…
A bank is a place where people keep their savings, make deposits and withdrawals, and conduct various financial transactions, including obtaining loans. Investopedia defines a bank as a financial institution licensed to accept savings and checking deposits and lend money as loans. The other facilities offered by banks include services such as retirement accounts (IRAs), certificates…
SBI MSME Sahaj is a State Bank of India’s financial product aimed at meeting the Micro, Small, and Medium Enterprises (MSME) requirements. It is a new initiative designed to cater to the working capital requirements of micro, small, and medium enterprises (MSMEs) aimed at facilitating fast and convenient invoice financing for MSMEs. According to the State Bank…