State Bank of India (SBI) was established in 1955 after the Reserve Bank of India, under the provisions of the State Bank of India Act, 1955, acquired a majority stake in the Imperial Bank of India. The Imperial Bank of India was established through the amalgamation of three banks the Bank of Calcutta, Bank of Madras, and Bank of Bombay.
SBI is India leading bank and services over 42 crore customers across the country. The bank has now developed a secure online banking portal for its customers to make transactions fast and easy. Registering is simple. There are a few prerequisites to registering for this facility online.
- This facility is not available to Joint Account Holders. Joint Account Holders need to visit their bank branch to activate the Netbanking facility.
- The user’s mobile number should be registered with the bank.
- The user should have an active SBI ATM Card.
- The applicant should not have applied through the branch for this facility
The steps to register for the SBI Online Banking facility are:
Step 1: Visit the SBI Netbanking website.
Step 2: On the left side of the page, below “Personal Banking” you will find the button “New User Registration / Activation”
Step 3: The page will prompt you to input the User ID and Password from the pre-printed kit provided. If you have a Pre-Printed Kit you do not need the following steps, use the provided User ID and Password to login.
Step 4: A new page will open. Select the “New User Registration” option and click “Next”
Step 5: You will be redirected to the User Driven Registration page. In this page you will need to provide information like:
- Account number
- CIF Number (Can be found on the cheque book or passbook)
- Branch Code (Last 6 digits of the IFSC Code)
- Registered Mobile Number
- Facility Required
Step 6: After completing the User Driven Registration and submitting it you will be sent a One-Time Password (OTP) on the Registered Mobile Number provided. Enter this password on the next page that opens.
Step 7: The next page will require your ATM Card details. The page will require you to fill in your ATM Card detail and a Captcha Code.
Step 8: Once you have provided you ATM Card detail you will receive a temporary User ID and will need to create a new password for it. On this page, you will be required to create the new password for your Netbanking account. The password will need to be at least 8 characters long and should contain one upper case letter, one lower case letter, one special character, and one number.
Step 9: Once you have created a password you will be advised to log into your account after an hour.
Step 10: On logging in after an hour you will be prompted to change the User ID to a User ID of your choice.
Step 11: You will now need to change the password again and provide a Secret Question and Secret Answer to recover your password in case of loss.
Step 12: You will need to provide you Place of Birth and Registered Mobile Number.
Step 13: Click on “Submit” and complete the registration.
Features of SBI Online
The SBI Online facility is designed to allow its users to perform most of their transactions online. The features offer to users are listed below:
- Online Fund Transfers
- Online investments in Fixed Deposits, Recurring Deposits, and Flexi-Fixed Deposit
- Air, Rail and Bus Bookings Online
- Online hotel booking
- Online mobile recharge
- e-Filing of Tax
- Setup of standing instructions / Recurring transactions
- Other value-added services