It is an era where there is a constant deluge of new applications, new processes and new mechanisms to undertake banking transactions.
SBI Mingle is one more effort in that direction.
What is the SBI Mingle?
SBI Mingle is a social banking application, wherein you can perform certain functions by logging in to the State Bank of India Facebook page.
What functions can you perform through SBI Mingle?
At the moment you cannot perform every possible transaction. Among the functions that you can perform through it include:
1) Checking your balance
2) Creating or deleting beneficiaries that are liked to your account
3) Mini statement
4) Fund transfer
How the SBI Mingle Works?
Now let us see how it works in the case of fund transfer. To transfer funds you need to do the following:
1) Login to the State Bank of India Facebook Page
2) Open the SBI mingle home page
3) Login with your 4 digit PIN. You will need a 4 digit PIN each time you login.
4) You need to thereafter click on money transfer now.
5) You can than transfer money to the added beneficiary.
Risks with using the SBI Mingle?
The SBI Mingle is as safe as any other applications used on the internet. However, one has to take adequate steps to mitigate risks from their own end. For example, you should not be sharing your password. You also must try and clear all possible data on your machine, including the cache.
Again, you should avoid using the SBI Mingle from a public place like a cybercafe or even your office. In short, the general precautions that are used for any other applications would also apply to the SBI Mingle.
How Would You Rate The SBI Mingle?
State Bank of India has made remarkable progress and most of its applications and internet based banking services are at par with private banking peers. We believe that the SBI Mingle is a good initiative and would go a long way in improving service. Readers should try the SBI Mingle which is as safe as other processes and is also user friendly. In fact, you should make the best use of it to check your balances and transfer money.
State Bank of Indis is soon planning to introduce a host of features on the mingle, including stop payment, cheque book requests, and ability to block ATM Debit Cards through it.