State Bank of India introduces online loan facility against all mutual fund units via INB and YONO App.
State Bank of India (SBI) has introduced an online loan facility against mutual fund (MF) units via its internet banking (INB) and YONO App, offering a 100% paperless and digital process available 24x7. Customers can now apply for loans against MF schemes of all asset management companies (AMCs) registered with CAMS, marking a significant upgrade from the previous service that was limited to SBI Mutual Fund schemes and available only through branches.
July 11, 2024
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