SBI waives late penalty for flood victims

The Bank has decided to waive-off penalty to its customers for late payment of EMI for the month of November and December on Home/Car/Personal Loans. In addition to this, bank has provided waiver of processing fee for home loans top up/Gold Loan/Personal Loans (salary loans) /Pension loans and extension will be provided for special soft loans for Car repairs, and salary advance loans for 3 months salary.

To make cash easily accessible to the customers, bank has organised doorstep service in the affected localities by opening cash points through innovative modes like boats, autorickshaws, mobile vans, mobile ATM and handheld devices. 

SBI has also undertaken various relief measures such as distribution of food, water, blankets, medicines and utensils by procuring from nearby unaffected districts. Bank is also conducting health awareness camps and medical camps, the SBI said in a statement here. SBI added that, for speedier settlement of claims for.

Life/Injury/Property under policies of SBI Life Insurance and SBI General Insurance, help desks have been provided at the branches. SBI staff members at the branches have volunteered to work during late hours and several branches in the affected areas were opened on Sunday to make cash available to the people of city.