SBI UPI Services Face Technical Glitch, Affecting Over 1,200 Users
State Bank of India (SBI) experienced technical issues with its Unified Payments Interface (UPI) system on Tuesday, impacting over 1,200 users between 5:30 p.m. and 7 p.m. The majority of complaints (51%) were related to fund transfer difficulties. SBI acknowledged the problem on social media, promising resolution by 7 p.m. and advising customers to use UPI lite services in the interim. This incident highlights the challenges in India's rapidly growing digital payments ecosystem and the need for robust infrastructure to support increasing transaction volumes.

*this image is generated using AI for illustrative purposes only.
State Bank of India (SBI), India's largest lender, experienced technical issues with its Unified Payments Interface (UPI) system on Tuesday, impacting a significant number of users. The disruption highlights the growing pains in India's rapidly expanding digital payments ecosystem.
Scope of the Disruption
- Over 1,200 users reported problems between 5:30 p.m. and 7 p.m., according to DownDetector.
- 51% of complaints were related to fund transfer difficulties.
SBI's Response
SBI acknowledged the intermittent technical issues on social media and stated:
- The problem would be resolved by 7 p.m. Tuesday.
- Customers were advised to use UPI lite services for uninterrupted transactions during the outage.
Impact and Context
While SBI UPI holds a smaller market share compared to popular platforms like Google Pay and PhonePe, this disruption is significant due to:
- SBI's position as India's largest lender.
- The growing reliance on UPI for daily transactions in India.
Previous Incidents
This is not an isolated event for SBI's digital services:
- In March, around 800 users reported issues with SBI's mobile banking, online banking, and login services.
Importance of UPI Reliability
The incident underscores the critical need for robust and reliable digital payment infrastructure, especially as India continues to push for greater digital financial inclusion.
Looking Ahead
As UPI transactions continue to grow exponentially in India, banks and fintech companies must invest in strengthening their technological infrastructure to ensure seamless service and maintain user trust.
Financial institutions should focus on:
- Regular system upgrades
- Improved disaster recovery mechanisms
- Enhanced customer communication during outages
By addressing these areas, banks can minimize disruptions and support the ongoing digital transformation of India's financial landscape.
Historical Stock Returns for State Bank of India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.32% | -0.25% | +6.57% | +12.15% | +10.30% | +350.10% |