Internet banking, YONO and Unified Payments Interface (UPI) services provided by the State Bank of India will remain unavailable from Friday (May 21, 2021) to Sunday (May 23, 2021) as the bank will undertake maintenance activities. “We will be undertaking maintenance activities between 22.45 hrs on 21-May-2021 and )1.15 hrs on 22-May-2021 & between 02.40 hrs and 0.6.10 hrs on 23-May-2021,” State Bank of India said on micro-blogging site Twitter.
During this period INB/YONO/YONO Lite/ UPI will be unavailable, State Bank of India said.
In a separate development, National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 i.e. Sunday, so as “to enhance the performance and resilience,” the Reserve Bank of India said in a tweet earlier this week. The system will be restored at 2 pm.
National Electronic Funds Transfer (NEFT) is a system of electronic transfer of funds from one bank to another. Under NEFT, people electronically transfer money from a bank branch to those holding an account in any other bank branch. These fund transfers do not occur on a real-time basis, but are settled in 23 half-hourly batches.