SBI launches WhatsApp Banking Services for its customers

Tags: Economy/Finance

India's largest public sector bank, State Bank of India has launched its WhatsApp banking services to make banking easier for its customers.

Important facts

• SBI customers can avail certain banking services using WhatsApp, which can come in handy for many as they no longer need to download the app or visit an ATM.

• SBI customers can get their account balance and view mini statements on WhatsApp.

What is SBI WhatsApp banking service?

• Customers must first register on the number 919022690226 to use this service through SBI WhatsApp Banking. 

• The text message is to be sent from the same phone number that is linked to your SBI account.

• After successfully registering for SBI WhatsApp Banking, a message from SBI will be sent to your WhatsApp phone. 

• SBI offers WhatsApp-based services to customers with credit cards.

• SBI credit card holders can use it to check their account summary, reward points, outstanding balance and other information.

About SBI

• The history of the State Bank of India begins in the first decade of the 18th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on June 2, 1806.

• The Bank of Bengal was one of the three Presidency banks, the other two being the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843).

• On January 27, 1921, the Presidency Banks were merged and the reorganised banking entity was known as 'Imperial Bank of India'.

• After independence, as per the provisions of the State Bank of India Act 1955, the Reserve Bank of India acquired the control of 'Imperial Bank of India'.

• On July 1, 1955, the name of 'Imperial Bank of India' was changed to 'State Bank of India'.

• Headquarters - Mumbai

• Chairman - Dinesh Kumar Khara