Introduction The Nomination Facility is one of the most important banking features that helps families during difficult times. It ensures that, in case of the death of an account holder, locker holder, or person keeping articles in safe custody, the rightful nominee can quickly and easily claim the assets without unnecessary delays or legal complications. … Read more
What is Jeevan Pramaan? Jeevan Pramaan is an Aadhaar-based Digital Life Certificate (DLC) service launched by the Government of India on 10th November 2014.It allows pensioners to submit their life certificate digitally, without visiting the pension disbursing bank or office in person. Earlier, pensioners had to physically visit banks or post offices every year to … Read more
The Reserve Bank of India (RBI) released its October 2025 Bulletin, offering deep insights into the state of India’s economy, corporate sector performance, SME fundraising trends, data quality frameworks for central banks, and challenges in the steel industry. This monthly publication includes the bi-monthly monetary policy statement, five speeches, five research articles, and the latest … Read more
Introduction – SBI ATMs: Convenience at Your Fingertips As a State Bank of India (SBI) customer, one of the biggest advantages you enjoy is access to India’s largest ATM network. With over 64,000 ATMs and ADWMs (Automated Deposit & Withdrawal Machines) across the country, SBI ensures that cash and banking services are always within your … Read more
The State Bank of India (SBI) has recently issued an important public notice (dated 16 August 2025) for customers whose regular savings bank accounts have become inoperative due to inactivity. This notice is a reminder to all affected account holders to update their KYC details and reactivate their accounts to avoid automatic closure. Let’s understand … Read more
The State Bank of India (SBI) is not just India’s largest public sector bank — it’s a vast financial powerhouse with multiple subsidiaries and joint ventures offering services across banking, insurance, investments, asset management, fund management, payments, and more. Together, these companies form the SBI Group, extending the bank’s trusted legacy to every corner of … Read more
What is KYC and Why is It Important? KYC or Know Your Customer is a process used by banks and financial institutions to verify the identity of their customers.It helps prevent fraud, money laundering, and misuse of bank accounts. Every customer must complete KYC when opening a new bank account and update it from time … Read more
If you hold a State Bank of India (SBI) Debit Card, here’s something valuable you may not know — your card offers free insurance coverage! Starting 8 August 2025, SBI has renewed and enhanced insurance covers on several debit card variants. These covers provide financial protection in case of accidental death, baggage loss, or theft … Read more
Introduction The State Bank of India (SBI) has released its latest Master Circular (as of August 2025) for the SME Smart Score Loan Scheme — a business-friendly loan product specially designed for Micro, Small, and Medium Enterprises (MSMEs). This scheme, originally launched in 2005, helps small businesses get easy and fast access to loans ranging … Read more
Introduction The State Bank of India (SBI) has issued a new Master Circular for its small business lending product – SBI SME Laghu Udyami Loan, earlier known as the SME Credit Card.This circular consolidates all previous instructions up to August 31, 2025, providing updated guidelines for easier access to business finance for small and micro … Read more