SBI UPI services to be down on November 26; check timings, alternate transaction methods

The State Bank of India announced that its UPI services will remain down for a few hours on November 26, advising its customers to use alternate payment modes.

Published on: Nov 25, 2023, 15:05:55 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The State Bank of India (SBI) has announced that the Unified Payment Interface (UPI) transactions for all customers will be halter temporarily on November 26, Sunday, for several hours.

SBI will temporarily shut down its UPI services on November 26, Sunday. (Mint)

India's largest lender wrote on its X account that UPI payments will remain temporarily suspended on November 26 for technological upgrades to the platform.

The service will be down for three hours.

The public sector bank tweeted on Saturday, “We will be undertaking technology upgrade in UPI between 00:30 hours to 3:00 hours IST (midnight) on 26-11-2023. During this period, except UPI our other digital channels including Internet Banking, YONO, YONO Lite and ATM will be available.”

Those who want to make online payments through their SBI account on Sunday during this timeframe must resort to alternate methods such as internet banking and SBI's online banking application YONO.

The disruption in UPI services in SBI is set to impact over 44 crore customers of India's largest public sector bank. SBI is currently trying to improve its UPI services, as it has a history of having a low success rate when it comes to quick transactions.

UPI has emerged as one of the quickest and most popular form of online payment method across the country, with the internationalization of the interface still underway. Currently, the Indian government is in talks with several Western countries and Japan to launch their UPI services overseas.

The Reserve Bank of India has also announced the linkage of UPI payments with Singapore's in-house payment method Paynow, which will result into quicker and more transparent transactions between the two countries in the future.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator