[Resolved]  State Bank of India — Delay in beneficiary a/c activation

Address:

Bangalore, Karnataka

Recently I was trying to add a beneficiary to my SBI internet banking a/c, I came to know that SBI has introduced a new rule which for me sounded like a completely illogical idea. This rule says that the beneficiary's a/c will be activated after 16 hrs, once the approval is done. Now The point that I am not able to understand is why will a person wait for 16 hrs for an a/c to get activated and then start transfering the money, instead he/she can visit the branch and transfer the funds. Now a days banks are trying to provide thier customers with the fast and better facilities and in such a competative environment I really don't understand why SBI want to slow down a process that too in internet banking. If anyone from SBI is reading this please try to understand that with this new rule you people are not gaining any profits, instead you people are annoying your customers by troubling them b introducing such non-sense rules.