State Bank of Mauritius (SBM), is a bank in Mauritius that has been licensed as a commercial bank by the Bank of Mauritius. SBM, together with its subsidiary businesses in Kenya, Mauritius, Madagascar and India, is known as SBM Group. SBM group was established in India in the year 1994 and is currently operating in Mumbai, Chennai, Hyderabad, Ramachandrapuram, New Delhi and Bengaluru.
SBM offers 2 types of savings account to its customers namely SBM Family Savings Account and SBM Children’s Savings Account.
SBM offers 2 types of Current accounts namely, Regular Current Account and Current Account for Import and Export Business
Housing loan schemes provided by SBM offer housing credits to all the eligible customers to purchase a new house, to construct or to purchase land, etc
Loan against Property
One can avail of SBM loan against property for varied reasons, including unforeseen medical expenses, business expansion, marriage expenses, or child’s education.
SBM Bank recurring deposits allows its customer to make monthly deposits either solely or jointly and avail high-interest rates.
SBM offers RuPay Platinum Debit Card specially designed to cater to the needs of its customers.
With SBM net banking, check account summary, transfer funds, pay bills online, recharge mobiles and much more.
With SBM mobile banking customers can use their mobile phones to access their bank account and perform all major transactions.
SBM customer care enables account holders to get their queries answered and issues resolved easily by getting in touch with the customer care department. There are a number of ways to get in touch with the SBM customer care department.
Indian Financial System Code (IFSC)
SBM IFSC Code is an 11-digit alphanumeric code prescribed by the RBI to all its bank branches who participate in the netbanking system.