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Is SBI anationalised bank

Updated: 8/17/2019
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14y ago

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yes Sbi is a nationalised bank

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When was sbi nationalised?

State Bank of India (SBI) was the only public sector bank in India. SBI was nationalised in 1955 under the SBI Act of 1955.


Is SBI a nationalised bank?

No, SBI is not a nationalised bank. It is one of the greatest bank. It is a public bank but not a nationalised bank. Right now 19 banks were nationalised out of 20, in which SBI i.e. State Bank Of India is not included.


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No. It is not possible to transfer money from a SBI bank account to a HDFC Bank account using either banks ATMs. This is because, a SBI ATM is not authorized to transfer money into a HDFC Bank account. You will be able to transfer money only into other SBI accounts from a SBI ATM.


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