State Bank freedoM : SBI Mobile Banking

In this busy world, we hardly get any free time. Making your banking transactions like Balance Enquiries and Funds Transfer in SBI after standing in long queues consumes a lot of time. Apart from SBI Internet Banking or State Bank Anywhere Mobile App now you can make your transactions like Bill Pay, Balance Enquiry, SBI Money Transfer etc to your friends, family or for your business by State Bank freedoM. You can use this simple and secure service 24X7. All the Android Smartphone users can click on the link to download State Bank Freedom Android App.

State Bank FreedoM  : SBI Mobile Banking

This Article will help you to know about :

  1. Mobile Banking Service through Android App/WAP(Wireless Application Protocol).
  2. Mobile Banking Service through SMS.
  3. Mobile Banking Service through USSD(Unstructured Supplementary Service Data).

Let us first know about Mobile Banking Service through Android App/WAP.

1) Mobile Banking Service through Android App/WAP(Wireless Application Protocol)

This service can be used by State Bank of India customers on java enabled /Android mobile phones (with/without GPRS) /i-phones in which one can download the application on to the mobile phone. The mobile banking service by SBI can also be availed via WAP on all phones (java/non java) that have GPRS connection.

Functions available in Mobile Banking Service through Android App/WAP :

  • Funds Transfer (within SBI or outside SBI).
  • Immediate Payment Services (IMPS).
  • Balance enquiry/ Mini statement Service.
  • Request of Cheque book.
  • Demat Enquiry.
  • Payment of Bill(Utility bills like Electricty etc., credit cards, Insurance premium, Donations).
  • Mobile /DTH Recharge.
  • M Commerce (Merchant payment service, SBI life insurance premium).

2) Mobile Banking Service through SMS

This service can be used on all phones irrespective of it being a smartphone or a normal one. You can send SMS to 9223440000. Normal SMS charges are applicable for using this service.

Functions available in Mobile Banking Service through SMS :

  • Balance Enquiry/Mini Statement.
  • Prepaid Mobile / MobiCash wallet recharge.
  • DTH Top up.
  • IMPS Funds transfer.
  • Update MPIN.
  • IMPS Merchant payment service.

3) Mobile Banking Service through USSD(Unstructured Supplementary Service Data)

This service can be used on all phones except CDMA phones. You don’t need to download any application. Subscribers have to dial *595# to make use of this service.

Functions available in Mobile Banking Service through USSD : 

  • Balance Enquiry/Mini Statement.
  • Mobile Recharge.
  • Funds Transfer within SBI.

State Bank freedoM can be used to Register for :

  • Application based service.
  • WAP based service.
  • USSD based service.
  • SMS Banking.

How to use State Bank freedoM securely ?

  • Keep your MPIN Secret i.e., don’t share it with anyone.
  • Download original State Bank freedoM App only.
  • Keep privacy while you enter MPIN.
  • Keep your mobile locked with password while not in use.
  • Sign out from State Bank freedoM application after the transaction is over.
  • If you Mobile/Sim is lost of Stolen, Deregister from mobile banking service immediately.
  • Never ever disclose user ID, MPIN, account/customer number etc. to anyone.
  • Never click on links in emails/SMS to access your account as it might be a case of phishing or fraud.

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State Bank Anywhere Mobile App

State Bank Anywhere is a Mobile Application for State Bank of India Internet Banking services. This amazing application is available at Google Play store for Android, Apple App store for Apple iOS Devices and Blackberry App for Blackberry Smartphones. SBI Netbanking Users can easily download this App from respective application market places of Android, Apple and Blackberry. Existing Internet Banking customers of SBI can access this Application by using SBI internet banking username and password. Hindi versions of State Bank Anywhere App (स्टेट बैंक कहीं भी) can also be downloaded from respective market places of Android, Apple and Blackberry. Most of the users are using this App through their Android Devices. If you don’t have the App, you can click on this link to download State Bank Anywhere App from Android App Store.

State Bank Anywhere Mobile Application

This Article will help you know about :

  1. Requirements for State Bank Anywhere App.
  2. Financial and Non-Financial Services in State Bank Anywhere App.
  3. Daily Limits for using State Bank Anywhere App.
  4. Quick Funds Transfer with or without QR Code using State Bank Anywhere App.
  5. mPassbook in State Bank Anywhere App.
  6. mCash – Pay by Contacts in State Bank Anywhere App.

There is a lot to know about State Bank Anywhere App, let us first know about the requirements for this Application.

Requirements for State Bank Anywhere App

There are 3 Important requirements of State Bank Anywhere App :-

  1. You need a Smartphone with Android (OS 2.3 or above) and/or Apple (with IOS 4.1 or above) and/or Blackberry (OS 10 or above)
  2. Internet Connection i.e., GPRS/EDGE/3G/Wi-Fi.
  3. SBI Internet Banking Login ID and Password.

Services in State Bank Anywhere App

The following services of SBI Internet Banking can be used by the application :

Services for Financial Transactions :

  • Fund Transfer in SBI and other Banks to the beneficiaries who are already registered with/without One Time Password (OTP).
  • Credit Card (VISA) Funds Transfer with/without One Time Password (OTP).
  • RTGS Funds/Money Transfer.
  • Funds Transfer using IMPS Service.
  • mCash Facility.
  • Term Deposits like e-TDR/e-STDR(Fixed Deposits) and Recurring Deposits.
  • Mobile and DTH Recharge.
  • Bill Pay for billers who are already registered.

Services for Non-Financial Transactions :

  • M-Passbook Facility.
  • SBI ATM/Debit Card hot listing (In case the Card is Stolen or Lost).
  • Request Cheque Book.

Daily Limits for using State Bank Anywhere App

Transaction Types Daily Limit
Intra-Bank, Inter-Bank Up to a cumulative of Rs. 10,00,000 per user
IMPS Up to a cumulative of Rs. 2,00,000 per user
Credit Card (VISA) Bill Pay 25,000/- Per Transaction (Per day Max. 50,000/-
Quick Transfer suing IMPS Up to a cumulative of Rs. 5,000 per day per user
mCash Rs. 1,000 per transaction, Rs. 2,000 per day per user
Funds Transfer (Own Accounts) Up to a cumulative of Rs. 2,00,00,000/- per user
Instant Term Deposits – e-TDR/e-STDR
Recurring Deposits e-RD
Mobile Top-up & DTH Recharge Up to Rs. 50,000 per user
Bill Pay Up to Rs. 5,00,000 per user

Note : At present new beneficiaries can only be added and activated through our Internet banking i.e., through www.onlinesbi.comFunds can be transferred to such beneficiary Accounts only.

Quick Funds Transfer with QR code

A facility is available at pre-login and post login areas of State Bank Anywhere Mobile app, where Beneficiary needs to create a QR code. QR code would be created by entering the details like Name, A/c Number, IFSC Code etc.

Steps to Transfer Funds with QR Code

  1. State Bank Anywhere App generates the QR code. The beneficiary has to either show the QR code on his/her mobile phone to the remitter (a State Bank Anywhere user), or gives the QR code to the remitter (a State Bank Anywhere user).
  2. The remitter will have to sign in to State Bank Anywhere Mobile App and Scan the QR code on the mobile phone of the beneficiary using the camera of his/her smartphone, or Or will have to read the QR code received through email or image gallery.
  3. State Bank Anywhere application decodes the QR code and automatically shows the beneficiary details and provides important information like Name, A/c No, IFSC, amount etc.
  4. Finally, the remitter will need to enter the “Amount” and “Remarks” and and proceed for payment. Prior registration of the beneficiary is not required!

Note : At present, Creation and Scanning of QR Code is only available on Android devices.

Quick Funds Transfer without QR Code

Users of State Bank Anywhere App can now make instant money transfer to beneficiaries without registration.

Steps to Transfer Funds without QR Code

  1. First of all you need to Login to State Bank Anywhere Mobile application using internet banking Username and Password.
  2. Then you need to Select Quick Transfer >> Send Money in Banking Menu page.
  3. Now you need to enter the Beneficiary details manually and click on “Submit”.
  4. Finally you will need to Confirm the details and finish the transaction with OTP(One Time Password) received on your registered mobile number.

Note : This feature to transfer funds without QR Code is currently available on State Bank Anywhere Version 4.0.0 on Android and iOS. It would be also be available for other platforms shortly.

M-Passbook in State Bank Anywhere App

M-Passbook or mobile Passbook is also an amazing service by State Bank of India. M-Passbook is an electronic passbook that can be used to store and record your transactions. You can also sync/ update your transactions manually into your m-Passbook any time just by logging into State Bank Anywhere App. You will be able to see your transactions in your m-passbook once updated they will be stored in your device. This is an extra feature of viewing and monitoring your transactions history without even getting in touch with your Banks system/server every time for checking your transactions.

M-Passbook service is free of cost and is part of State Bank Anywhere App. Any SBI internet banking customer can download State Bank Anywhere Mobile App from Google Play Store and start using this incredible service called m-Passbook.

mCash – Pay by Contacts in State Bank Anywhere App

State Bank Anywhere App users can also transfer money to a third party without even registration of beneficiary. This can be done by entering the mobile number or email address of the beneficiary by just selecting from the “Contacts” app in the device. Users have the facility to create mCash for a particular beneficiary by selecting the link “mCash” that is available under “Banking” menu. Nominal charge of Rs. 2.50 per transaction will be charged for each transaction.

Online SBI : Internet Banking in SBI

Online SBI is a term used for Internet Banking service in State Bank of India. Using the Online SBI Portal you can access your Bank Account from anywhere anytime. Using the Internet Banking services of SBI, you perform a wide range of banking transactions and activities using your laptop, desktop or your Smartphone/Tablets. People using the internet banking facilities through Desktop/Laptop will have to visit the Online SBI Portal : www.onlinesbi.com. However, people who want to access the SBI NetBanking services using smartphones, tablets or any other device can download the State Bank Anywhere Application(Android or iOS as desired).

Online SBI : SBI Net Banking

By the use of Internet Banking services, you can perform a whole lot of banking transactions online.

Online SBI Banking Transactions

Value Added features in SBI Internet Banking

  • Utility bill payments like your Postpaid Mobile or Landline Bill, Electricity Bill, Gas Bill etc.
  • Facility of Online Booking for by Bus, Train or Air Tickets.
  • Premium Payments of SBILIFE, LIC and other well known Insurance.
  • Mutual funds Investments in SBI and other Companies.
  • Credit Card outstanding payments in SBI and others.
  • Income Tax, Service Tax, State Govt Tax payment.
  • Customs Duty Payment in Online SBI.
  • Share Trading by DMAT Account (eZ-trade@SBI).
  • SBI Online Application for IPO.
  • Fee Payment System to reputes colleges including IITs and NITs.

You can perform any of the above and much more transactions from your Internet Banking Account. If you still do not have SBI Internet Banking enabled on your Account, Contact your Home Branch apply for SBI Internet Banking now!

Online SBI Security Tips

SBI Internet Banking site is ‘VeriSign’ certified which means that it is safe to do transactions online on this Portal. It also ensures that some extra layers of security are available to transact online.

There are 8 Tips which you must follow to have a safe and secure Internet Banking experience with Online SBI.

  • Change your Password frequently.
  • You may report about frauds or any such incidents at report.phishing@sbi.co.in.
  • To make your experience extra secure, you must access Online SBI portal by typing https://www.onlinesbi.com.
  • Make Sure you do not access your Account from Public Places like Internet Cafes etc.
  • Make use of Virtual Keyboard to enter User ID and Password.
  • Keep in mind not to enter any sensitive information in any Pop-ups.
  • Keep a regular eye on your Transactions and usage history.
  • Try and use the up-to-date and original software on your system with secure settings.

State Bank of India : Facts & Figures

State Bank of India is a multinational Banking & Financial Services company with Indian Origin. It has presence across 16333 branches across India and abroad(As of 2014-15). State Bank of India which is also called SBI has 191 offices at foreign locations in 36 countries(As of 2014-15). It is undoubtedly the largest banking and other financial services company in India. SBI has its head office in Mumbai and has overall assets of 20,48,080 crores as of 2014-15.

There are many Banks in India out which State Bank of India comes in Top 4 Banks alongside ICICI Bank, Bank of Baroda and Punjab National Bank.

State Bank of India

There are a lots facts to know about State Bank of India. Let us begin with the history of SBI.

History of State Bank of India

In 1806, Bank of Madras collaborated with 2 other Banks of those times – Bank of Calcutta and Bank of Bombay to form another Bank which was known as Imperial Bank of India. In the year 1955 Indian Government took 60% shares of Imperial Bank of India with Reserve Bank of India. The Imperial Bank of India was then renamed as State Bank of India. In 2008, the Government of India bought the remaining 40% stakes which were held by Reserve Bank of India and thus SBI is now fully ownerd by Government of India.

SBI Branches in India

As of 2014-15, State Bank of India has about 16000 branches across India out of which 9851 branches are located in Rural and Semi-Urban areas. In the fiscal year 2012-13, the revenue of State Bank of India was Rs.200,560 Crores from which 95.35% of the revenue was contributed by domestic operations across India only. For the same financial year 2012-13 the profits made by domestic operations were 88.37% of the total profits.

SBI Branches in Foreign Countries

State Bank of India has 191 branches across foreign nationals in more than 36 countries. It is the largest domestic Bank which has its huge presence in Foreign Nations. SBI has branches across many important places like Singapore, Moscow, Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg,London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. SBI also has representative office located at Myanmar, Bhutan and Cape Town and offshore banks in the Bahamas and Bahrain. Singapore also has 7 retail branches of SBI.

List of SBI Associate Banks

State Bank of India had 8 associate banks in 1959 but now it 5 associate banks. All the 5 associate banks of SBI use the logo of State Bank of India i.e. blue circle. These associate banks also use the initial name i.e. ‘State Bank of’ followed by the name of the regional headquarter.

The 5 Associate Banks of SBI are as follows :

  1. State Bank of Mysore (Establlished in 1913)
  2. State Bank of Patiala (Establlished in 1917)
  3. State Bank of Hyderabad (Establlished in 1941)
  4. State Bank of Travancore (Establlished in 1945)
  5. State Bank of Bikaner & Jaipur (Establlished in 1963)

Other Subsidiaries of SBI 

Thats not all, SBI also has some subsidiaries that can be termed as non-banking.

The 7 non-banking subsidiaries of State Bank of India are :

  1. SBI Capital Markets Ltd
  2. SBI Funds Management Pvt Ltd
  3. SBI Factors & Commercial Services Pvt Ltd
  4. SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
  5. SBI DFHI Ltd
  6. SBI Life Insurance Company Limited
  7. SBI General Insurance

State Bank of India Employees 

Not many of you might be knowing but State Bank of India is among the largest employers of India. As on 31 March 2014, there are 222,033 people who are working for SBI. Out of the total employees 45,132 are female employees and 2,610 employees with disabilities, 42,744 Schedule Caste employees and 17,243 Schedule Tribe employees. The percentage of Officers was 36%, Assistants was 46% and Sub-staff was 18%. A report also tells that every employee in SBI has on an average contributed a profit of Rs.4.85 lakhs.

Competitor Banks of SBI 

Not many banks can compete with SBI. However, some banks can be called big competitors of State Bank of India which are Axis Bank, ICICI Bank, HDFC Bank, Punjab National Bank, Bank of Baroda, IndusInd Bank, Canara Bank, Bank of India and Union Bank of India. When we talk about average market share, State Bank of India leads them all.

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