Due to maintenance operations, the country's largest lender, SBI (State Bank of India), has announced that its internet banking services would be unavailable on July 4th. Internet Banking, YONO, YONO Lite, and UPI will be suspended during this time period. Through its Twitter handle, SBI has informed its customers that "We will be undertaking maintenance activities between 03.25 hrs and 05.50 hrs on 04.07.2021. During this period, Internet Banking / YONO / YONO Lite / UPI will be unavailable. We regret the inconvenience caused and request you to bear with us."
SBI has also recently announced that from July 1, customers would be entitled to four free cash withdrawals from the bank's ATMs and branches and after that, the customers would face a charge of Rs 15 plus GST on each transaction. The bank has also issued new restrictions that limit an account holder's use of cheque leaves to ten each financial year. The bank has declared how using beyond the limit would incur a fee of Rs 40 plus GST for the next 10 leaves and Rs 75 plus GST for the next 25 leaves. For elderly citizens, however, no such levies have been proposed by the bank.