SBI Online Banking Rocks!

SBI Logo It has been a little more than a year I am using the online banking facility of SBI and I must say, it just rocks! It’s user-friendly, rich with features and boasts of robust security.

Online SBI

Registration

To enable internet banking, one has to download the Internet Banking register form, fill it up and submit in his bank. Upon activation you will receive a confidential mailer by post containing a one-time-usage password to kickstart your online account.

Security

It comes with, like other banking websites, 2 passwords. One is meant for normal tasks like checking account balance, recent transactions, transferring funds and so on while the other lets you edit profile details (e.g. mobile number), add/edit beneficiaries, etc. On top of that, I have enabled high security for my account which means that every transaction is protected by a security code sent to my mobile.

Suppose you are in a cyber cafe or using a friend’s laptop which is neck deep with spywares and viruses and you desperately need to make an online payment e.g. book a train ticket. There is always the risk of a keylogger – a malicious program that can record your keystrokes – stealing your credit card details! The SBI virtual keyboard, which is a mouse-based onscreen keyboard, rules out any such threat.

Recent Transactions

This is perhaps the most used feature. Every month I withdraw a sum from my Paypal account and transfer it to SBI. As soon as it is credited, it is reflected in the recent transactions. Also, I come to know as soon as my parents plonk my monthly dole on my account!

Online Payment

Many consumer websites (from Flipkart to IRCTC) allow you to pay via SBI Internet Banking which is a lot safer than using your credit card or debit card. It’s easier too – instead of having to type a 16-character long number you just have to enter your SBI username and password. For added security, every transaction needs you to enter a one-time-use security code sent to your mobile via text message. Now I can purchase books online with absolute peace of mind as well as book rail tickets online. I am also immediately notified via SMS as soon as a transaction takes place. This proves useful especially while trying to book tickets through IRCTC. Slow as the IRCTC site is, often the connection is lost leaving one to wonder whether the payment was successful. Thanks to the SBI sms alerts, I can be sure if the payment actually went through!

Funds Transfer

A very handy feature that has made life easier. I can transfer funds to any friend having an account with any bank (SBI or non-SBI), which I often need to do in order to share online advertisement revenues with friends. Before sending money to a friend you have to add him/her as a beneficiary and enter all their bank details. Then you must confirm the beneficiary account by entering a high security code sent to your mobile phone via SMS. To avoid sending excess amount by mistake, you can always set an upper limit.

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"SBI Online Banking Rocks!" by @wishnipon

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  1. sir,
    I dont have a credit card. I am using my SBI online account to purchase any book, bill payments, or railway ticket booking. I want to know with This online savings account can I create a PayPal account if so please let me know how to do it. Your reply is very helpful to me. so that i can busy books from different desitinations in the world. please give reply to this

  2. I have already mentioned that, in the second paragraph of this post.

    @Pavan kumar B: Well you can’t open a Paypal account using your SBI.

  3. SBI online banking is good. I must agree. But still there are lot of services which needs contacting the branch and filling out papers for simple reason like changing mobile#. From the time they made the High security transaction password thr SMS mandatory, I am not able to transfer money from my SBI account. Its been two weeks since I reported the issue but still its not been resolved. I don’t understand why don;t they give an option to disable this functionality.

  4. Hi,

    The SBI online banking website allows you to change your mobile number. But you will still need your old mobile number to do that. According to the website,

    Mobile number change can be self approved using a One Time SMS password which you will receive in your old mobile number. Alternately, you can also approach the branch for approval.

    @abdul gafoor: Hey, are you sure you are trying the correct URL? That should be http://onlinesbi.com

  5. respecter sir,
    i am S Kasi Mayan My account number is 3144444345, I am go to MP State have change my mobile number. The same number was entered in my internet banking account and now i have to change that number. I know for every transactions a security password msg will be forwarded to that number, but i am not possessing that number. Now may i please request you to change my mob number to 08871823739 pl.

    thanking you

  6. Hey,

    Nice post. do you have any idea, how to disable high security password feature ? Reason is, currently ‘m not in india, and my mobile is inactive. Now I want to transfer funds, but can’t because of hight security password feature.

    Please advice.

  7. Hi,

    I am too out of country & i now need to urgently make an inter bank transaction.

    This feature was not there initially so before they make it mandatory & enable they should sent in a mail atleast notifying that you wont be able to do a transaction without the sms code sent on the registered no.

    On the website under the “How to do” section, it clearly mentions that how to enable/disable the feature, but the same does not appear in my account login.

    Need to send an email regarding this to sbi in india, but can’t trace an email id where i can send in such query.

    Or any contact no. to resolve the issue at urgent.

    Kindly help.

  8. Hi,

    I am too out of country & i now need to urgently make an inter bank transaction.

    This feature was not there initially so before they make it mandatory & enable they should sent in a mail atleast notifying that you wont be able to do a transaction without the sms code sent on the registered no.

    On the website under the “How to do” section, it clearly mentions that how to enable/disable the feature, but the same does not appear in my account login.

    Need to send an email regarding this to sbi in india, but can’t trace an email id where i can send in such query.

    Or any contact no. to resolve the issue at urgent.

    Kindly help.

  9. my sbi account is disabled from my irctc account. when we are trying to make payment it is not show on. what should i do.

    please give me instruction as soon as possible.

    thanx and regards

    nakib ahmad