SBI net banking, UPI down: State Bank of India net banking, YONO mobile app, UPI will be down today during this time

State Financial institution of India (SBI) stated that the providers of Web Banking, Yono Lite, Yono Enterprise Internet & Cell App, YONO and UPI won’t be obtainable on April 1, 2024 as a consequence of Annual Closing exercise. SBI acknowledged this on the web site.

When SBI digital providers won’t be obtainable

Providers won’t be obtainable tentatively between 12:20Hrs IST and 12:20 Hrs IST on 1st April 2024.

Which services will be available during that time

During this period, services of UPI Lite and ATM will likely be obtainable.

HDFC Financial institution asks clients to keep away from this cash switch facility on April 1, 2024: Delay in salary and other payments

What’s UPI Lite

UPI LITE is a brand new fee resolution that leverages the trusted NPCI Widespread Library (CL) utility to course of low worth transactions which have been set at beneath Rs 500.

Because of annual closing actions, different banking providers that will likely be hit.

No change of Rs 2000 observe

RBI has additionally stated that the change and deposit of the Rs 2,000 notes won’t be obtainable on Monday, April 1. “The power of change/deposit of Rs 2000 banknotes won’t be obtainable on Monday, April 01, 2024, on the 19 Situation Offices1 of the Reserve Financial institution of India as a consequence of operations related to the Annual Closing of Accounts. The power will resume on Tuesday, April 02, 2024,” RBI stated in a notification issued on March 28, 2024.

HDFC Financial institution NEFT unavailable

Because of annual closing of accounts, HDFC Financial institution has notified clients that Nationwide Digital Funds Switch (NEFT) operations wouldn’t be accessible on April 1, 2024. Even when a restricted variety of HDFC Financial institution purchasers can use the NEFT operate, it may take longer than anticipated. For people who intend to switch cash, Monday’s NEFT must be prevented.

Observe that HDFC Financial institution clients might use different transaction strategies equivalent to Speedy Cost Service (IMPS), Actual Time Gross Settlement (RTGS), and Unified Funds Interface (UPI) to switch cash on April 1, 2024.

Are banks open on April 1, 2024?

Banks in lots of states will likely be shut on April 1, 2024, as a result of closing of their yr accounts, in accordance with the rules set by the Reserve Financial institution of India (RBI).So, examine the listing of financial institution holidays earlier than going to your financial institution department on Monday. Banks will stay closed in many of the states besides Mizoram, Chandigarh, Sikkim, Bengal, Himachal Pradesh, and Meghalaya.

Additionally learn: Are banks open today?