MoneyWorks4Me

State Bank of India introduces mobile app to control debit card frauds

26 Apr 2016 Evaluate

In order to reduce debit card frauds, State Bank of India (SBI), country’s largest public sector lender, has unveiled a facility under ‘SBI Quick- SMS and Missed Call Banking’ service, whereby customers can choose to activate or deactivate their cards using various platforms. SBI Quick, a mobile app, provides a range of services and works on the condition that the SMS/missed call should come from the mobile number registered with the bank. The user can use platforms like ATM, Point of Sale (POS), e-commerce websites, international usage and domestic usage for activation and deactivation of debit card.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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