For Quick Alerts
For Daily Alerts

SBI Customers Your Net Banking A/c May Be Blocked


Your net banking account of State Bank of India might be blocked if you do not register your mobile number with the bank before December 1. On its official website SBI said, "Customers who fail to register it before the deadline, will not be able to access the internet banking facilities of SBI.

SBI Customers Your Net Banking A/c May Be Blocked

The website of SBI read, "Attention INB (Internet Banking) users, please register your mobile number with us immediately, if not already done, through Branch, failing which the Internet Banking facility may be blocked with effect from 01.12.2018".

Previously an RTI query revealed that a total of 1,329 fraudulent transactions involving a stupendous sum of Rs 5,555.48 crore have been reported in the first six months of the current fiscal year in the country's largest public sector bank. As per the details given by the bank in response to the RTI query, in the second quarter, the number of fraud cases reduced by just 9 in comparison to 669 cases reported in the first quarter while the amount involved increased by a staggering 568.33%.

The RTI also investigated about the loss to the bank as a result of banking frauds. But SBI in its response said, this amount cannot be quantified. Further in respect of the financial loss incurred by bank's customers during the given period due to banking frauds, SBI said, "The information relating to the incidents of frauds with SBI customers and the amount lost by the SBI customers is not compiled in the ordinary course of business and hence, exempted from disclosure under Section 7 (9) of the RTI Act, 2005."

Read more about: sbi net banking
Story first published: Saturday, October 13, 2018, 15:26 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X