Why SBI Buddy Is So Awesome

Your ‘Desi’ friend SBI Buddy

Country’s largest lender State Bank has launched its own mobile wallet app called SBI Buddy. The SBI Buddy app is launched in collaboration with Accenture and MasterCard. The app can be used by existing as well as non-SBI customers. SBI Buddy can be used to send, receive money. It can also be used to do bill payments, book for movies, flight, hotels and much more. SBI Buddy already has a tough competitor in market which is the Paytm app. SBI as we know is a long established incumbent with more than 14,000 branches and more than 3,00,000 employees across India. But SBI has been outflanked in the digital race by companies like Paytm, freecharge etc. Now with SBI Buddy, SBI is trying hard to win the race.

SBI Buddy Vs Paytm: The Difference Between SBI Buddy And Paytm

After demonetization, we all have witnessed that how important digital currency is. And when it comes to digital currency Paytm is the only word which comes to our mind. Since then, the usage of Paytm among Indian citizens increased exponentially. But SBI had other plans for this. SBI said No to Paytm wallet by disabling the use of “Add Money” service through SBI Internet Banking. SBI launched its own app called SBI Buddy to give a tough competition to existing champions of e-commerce and electronic payment systems, Paytm.

SBI is giving its rival Paytm a tough fight and patriotism is playing a big part in their strategy. Many banners are placed in several places describing how SBI Buddy is better than Paytm. The banners says that while Paytm’s is partly owned by Chinese company Alibaba, SBI Buddy is India’s own app and is better than Paytm in every aspects like security and transfer charges. The SBI Buddy App is available to use in 13 Indian Languages, hence attracting more Indian users.


How to use the SBI Buddy App?

The SBI Buddy app has a very user friendly and intuitive interface. To start using the SBI Buddy App you first need to register. The best part about this is that even non-SBI users can enjoy the benefits of SBI Buddy App. To register, all you need is an email and a phone number. You can register through Facebook account too. Let’s look at a detailed guide on how you can start using the SBI Buddy App.

  • First you have to download the SBI Buddy app from PlayStore or Apple App Store.
  • Then, open the app and choose your language.
  • Enter your Mobile Number, e-mail address and name in the interface and click sign up. You can also use Facebook account to register with SBI Buddy.
  • After clicking on Sign Up you will get a One-time password which you have to enter in the app.
  • After that, you have to enter a 4 digit security pin and choose a security question.
  • That’s it, enter your 4 digit security pin and you can start using the SBI Buddy App.

SBI Buddy Features

SBI Buddy has every feature which an online wallet service should have. The features of SBI Buddy App are:-

  1. Add money into your online wallet.
  2. Send or receive money with your contacts on Phonebook.
  3. Recharge your DTH/Mobile and pay for any type of bills including electricity bills.
  4. Shop online, book movies, flights and hotel rooms.
  5. Transfer money to your bank account in just few clicks.
  6. Get a 24/7 customer support.

As you can see how useful SBI Buddy App is. It has every feature which its existing competitors have in their apps. SBI is trying hard to do tie us with more companies to provide more benefits to their users.

SBI Buddy Offers

SBI has provided its users a single promo code MYBUDDY by using which customers can get good discounts and cash backs. There are also few other promo codes which you can use to get discounts from different merchants and sellers. Below is a table which describes the different uses of each promo code and the amount of discount you can get.

SBI Buddy Offers Promo Code Details
50% off on any ErosNow subscription  



Offer 1: Discount of 50% on monthly subscription of ErosNow.

Offer 2: Discount of 50% on Annual Subscription of ErosNow.

Upto Rs. 1000 Discount on different pest control services BUDDY1000



i. Rs.1000 off on yearly Service of Cockroach Control Service.
ii. Rs.100 off on one Service of Cockroach Control Service.
iii. Rs.500 off on other pest control Service.
Luxeheus.com – 10% off MYBUDDY 10% off on cart value.

Applicable till 31/03/2017


These are some of the SBI Buddy Offers you can use and enjoy more benefits. SBI introduced many SBI Buddy Offers at the time of its launch most of them are expired now but these SBI Buddy Offers can still be used.

SBI Buddy FAQs

Many doubts and questions surround a person’s mind while using these kinds of e-commerce and electronic payments services. Let’s look at the frequently asked questions about the SBI Buddy App and answers to them.

Q1. Is there any minimum eligibility to register for the service?

Answer: – As long as you are a citizen of India having a mobile number and above the age of 10, you are eligible for using the SBI Buddy App.

Q2. Is there any charge for registering on SBI Buddy?

Answer: – The SBI Buddy is totally free to use and register. Only the Internet charges will be applied as the app uses Internet Services.

Q3.  Is there any limit on the amount that I can add in my account?

Answer: – The amount that can be added into your account depends on your KYC. If you have a full KYC you can add more amount of money. For more information you can visit the official site of SBI Buddy.

Q4. Do I need to have a bank account with SBI to use SBI Buddy?

Answer: – No, you can use the SBI Buddy App even if you don’t have an account in any SBI Bank.

SBI Buddy Customer Care

If you still have any doubt related to SBI Buddy app and its uses, you can contact the SBI Buddy Customer Care for any kind of help.

  • 1800 11 2211, 1800 425 3800 (Toll-free).
  • 080-26599990.
  • Email – contactcentre@sbi.co.in.