CHAPTER I INTRODUCTION

CHAPTER II FINANCIAL SERVICES

PERSONAL SERVICES :

SAVINGS BANK

Savings Bank is intended to promote the healthy habit of saving and for the steady growth of one's money in the bank. Bank recognizes that Savings Bank customers are the pulse of all banking activity and that a satisfied customer at the SB counter is the best advertisement to the bank. Savings Bank is the landing ground for all deposits and its customers are the opinion leaders. Hence attaches a lot of importance to the efficient functioning of the savings department
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Salient Features Minimum Deposit amount of Rs.100 with cheque book facility at Rural branches Minimum Deposit amount of Rs.500/- with cheque book facility at Metro, Urban and Semi-Urban branches Pass Book facility available Standing instructions facility is available on a nominal charge. No restrictions on the number or amount of deposits. Nomination facility is available. Eligibility Individuals in their own names. Two or more persons, payable to any of them/survivor/survivors. Two or more persons, payable to all of them jointly. A guardian on behalf of a minor. A minor himself/herself if he/she has attained the age of 12 years. Clubs, associations (Registered or unregistered). Charitable and religious institutions trusts, local bodies etc., and other bodies of an identical nature. Illiterate persons. SB Accounts can also be opened in the name of the following organizations/ Agencies (a) Primary Co-operative Credit Society which is being financed by the Bank. (b) Small Farmers' Development Agency (SFDA) (c) Marginal Farmers' an Agricultural Laborers Agencies ( MFAL) (d) Drought Prone Areas Program (DPAP) (e) District Rural Development Agency/Society (DRDA/DRDS) (f) District Development Authority (DDA) (g) Integrated Rural Development Program ( IRDP) (h) Integrated Tribal Development Agency (ITDA) (i) Agriculture Produce Market Committees (j) Khadi and Village Industries Board (k) Societies Registered under the Societies Registration act, 1860 or any other corresponding law in force in State or a Union territory (l) Companies governed by the Companies Act, 1956which have been licensed by the Central Government under section 25 of the said Act, or under the corresponding provision in the Indian companies Act, 1913 and permitted, not to add to their names the word "Limited" or the word
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"Private Limited". Documentation All savings accounts need to be properly introduced by someone known to the bank preferably other SB/CA account holders with the branch. Latest photograph of the applicant would be necessary to open an account. Proof of residence and identity should be furnished through any of the documents such as Passport, Driving License, Identity Card issued by income tax authorities, voters identity card. The account opening process starts on submission of the duly filled in application form along with the initial deposit amount in cash, suitable introduction from a person known to the bank. Interest Rate Savings Bank account at earns interest at 4% per annum at present. This may change from time to time as per RBI directives. Such interest is paid to the customer twice per year No T.D.S. is deducted in SB Accounts. "No-Frills SB Account" "No-Frills SB ACCOUNT", is available primarily to low income group people of the society, downtrodden men and women, students, senior citizens, weaker sections of the society, financially and economically backward people, who are mainly residing in rural and semi urban centers of our country. The main idea behind the NO-FRILLS SB ACCOUNT is to reach out a sizable section of the population, who have been deterred and discouraged in availing Banking services for one reason or the other. Terms and Conditions a. SB account can be opened and operated with minimum balance of Rs.10/-. b. Nature and extent of transactions should be of encouraging saving habits nature. c. These accounts are free of service charges or any fees/levies. d. Account can be operated through withdrawal slip and cheque book facility is made available where ever the average balance is maintained at Rs.500/5

e. Relaxed KYC norms are also applicable. The main norms are: In case a person who wants to open an account is not able to produce documents, branches may open accounts for those persons as described above, subject to a] Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the Bank should be at least six month old and should show satisfactory transactions. OR b] any other evidence as to the identity and address of the customer to the satisfaction of the Bank. Further, the customer should be made aware that if at any point of time, the Balances in all his/her accounts with the branch [taken together] exceeds rupees fifty thousand [Rs.50,000/-] or total credit in the accounts exceeds rupees one lakh[Rs.1,00,000/-], no further transactions will be permitted until the full KYC procedure is completed. A system of verifying place of Residence or the address given should be suitably put in place without inconveniencing the depositors. II. In respect of No frill account the Bank will undertake collection of outstation cheque without collecting any commission, but recovering out of pocket expenses. III. The nature and number of transactions in such accounts could be restricted, up to 30, per half Year. IV. The No Frill SB Account can be converted as ordinary SB account if it is requested by the customer after compiling full KYC NORMS, but existing SB account can not be converted into NO-FRILLS SB Account. MULTICITY CHEQUE FACILITY-SAVINGS BANK Multicity savings bank account The savings bank product is meant for High Networth Individuals. Features of Multicity Cheque Facility Accounts: Details Average monthly balance Limit of Cash withdrawals
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Charges Rs.3000/No Limit

a) At base branch b) Non Base Branch (only self withdrawals)

Rs.25000/- No third party withdrawal Free of Charges Free upto Rs.1,00,000/- p.m & thereafter Re.1/per Rs.1000/-

Collection of clearing cheques(Local) a) At base branch b) Non Base Branch

Rs.50 + interest(PLR + Clearing cheque return charges for a)Inward clearing 3.5%) Rs.15/- 50% return b)Outward clearing return c)OCC(OBC) of collection return charges-minimum Rs.50 Rs.1.50 per Rs.1000 subject to minimum of Rs.10 per instrument + courier charges Rs.10/- per cheque Charges as above plus other Bank charges No Limit Free upto Rs.50000/-p.m at any branches.Thereafter Re.1/- per 1000/DD upto Rs.25000/- free above that Rs.1.50 per 1000 with a minimum of Rs.25 per DD
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Service Charges for outstation cheques drawn on centres(Where we have branches)given for collection a)At base branch b)At Non-base branch

Outstation cheques drawn on centres(Where we are not having branches)given for collection at base as well as non-base branch Limit of Cash Remittance a) At base branch b) At Non Base Branch

Service Charges for DD/PO

Charges for payment between CBS branches. For clearing debits at Non base branches.

Free upto Rs.25000 only.Beyond that Rs.50 upto Rs.1,00,000 per month.Above Rs.1 lac normal DD charges Upto Rs.5 Lakhs Rs.25/- per transaction Above Rs.5 Lakhs Rs.50 per transaction NIL

Outward RTGS Remittance

Inward RTGS

Free Rs.25 per cheque per Other Charges: a)Cheque book b)Stop payment (Only at occasion Rs.30 base branch) c)Statement of per month Free A/C Daily WeeklyFortnightly Monthly Duplicate Retrieval Free Free Rs.5 per of old records sheet Rs.25 per cheque/record per

Savings Gold Savings Gold account offers special privileges to our customers who maintain an Average Monthly Minimum Balance of Rs. 10,000 and above. Salient Features

No limit for cash withdrawals at the base Branch (branch where account is opened) Rs. 50,000 withdrawal per day at other branches (Self withdrawal only) No collection charges for Outstation cheques drawn on Center Charges as per existing rules for collection of Outstation cheques drawn on non centre. For Inward Clearing, charges at Rs. 100 per cheque in case of cheque returned due to Insufficient Funds
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For Outward Clearing, charges at Rs. 25 per instrument for Outward Clearing cheques returned No charges for Demand Draft/ Pay Order up to any amount Charges for Collection of Outstation Cheques returned given at base and non-base branches as per existing rules Free Cash Remittance at base branch In case of Cash Remittance at non-base branches, free up to Rs. 25,000 and Re 1 per Rs 1000 there after

Eligibility

As per our existing Savings Bank Account norms for Individuals Average Monthly Minimum Balanceof Rs. 10,000

Savings Star Gold Savings Gold account offers special privileges to our customers who maintain an Average Monthly Minimum Balance of Rs. 20,000 and above. Salient Features

No limit for cash withdrawals at the base Branch (branch where account is opened) Rs. 1 Lac withdrawal per day at other branches (Self withdrawal only) No collection charges for Outstation cheques drawn on Center Charges as per existing rules for collection of Outstation cheques drawn on non centre. For Inward Clearing, charges at Rs. 100 per cheque in case of cheque returned due to Insufficient Funds For Outward Clearing, no charges cheques returned No charges for Demand Draft/ Pay Order up to any amount Charges for Collection of Outstation Cheques returned given at base and non-base branches as per existing rules Free Cash Remittance at base branch In case of Cash Remittance at non-base branches, free up to Rs. 50,000 and Re 1 per Rs 1000 there after

Eligibility

As per our existing Savings Bank Account norms for Individuals

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Average Monthly Minimum Balanceof Rs. 20,000.

Savings Balance Free Balance Free account is available in all the branches, specially meant for salaried persons.

The employer firm/organization should have account with the bank. Salary of the employees shall be credited directly to the employees account. It shall be a Zero balance account. ATM withdrawal of Rs.25000/- per day Free Net Banking

MULTICITY CHEQUE FACILITY-CURRENT ACCOUNTMulticity current account is termed as Lakshmi Supreme. The current account will be for Business Organisations and Small & Medium Enterprises.

DEPOSITS:

FIXED DEPOSITS: Suitable for planned expenditure or savings Salient Features Deposit period ranges from 15 days to 10 years with assured regular Monthly/ Quarterly income. Minimum Deposit Amount is Rs. 100/- with no ceiling for the maximum amount. Deposit account can be opened individually/ jointly and also in the name of minors. Quarterly payment of interest or at discounted value at monthly rests. Loan facility and Nomination facility available.
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Dhanachakra Deposit Automatic compounding of accrued interest which yields higher returns, making your investments grow faster. Ideal for planning your financial commitments for the future- Children's higher education/ your Son's / Daughter's marriage/ Celebration of festivals etc. Salient Features Deposit period ranges from 1 year to 10 years Minimum Deposit is Rs.100/- with no ceiling for the maximum Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made. Loan facility / Nomination facility available. RECURRING DEPOSITS: Save in dribbles - receive a lump sum. Suitable for Tax planning, Annual payment commitments like Insurance premium, long-term requirements like purchase of consumer articles/ durables, house construction, children's education etc. Salient Features Minimum deposit amount is Rs. 5/- or multiples thereof with no. Ceiling for the maximum deposit amount. Deposit period ranges from 12 months to 120 months, Monthly installments will be repaid on maturity along with the accrued interest. Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made. Loan facility/ Nomination facility available.

Lakhpathy Recurring Deposit

Deposit type: Recurring deposit with additional benefit of General insurance cover of Rs. 1.20 Lacs on specified items.
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Eligibility: Any individual above 18 years - singly or jointly. Period of Deposit : Recurring deposit for 84 Months Amount : Rs. 1,000/- per month Rate of Interest : 9.00% p.a.* (No additional interest for senior citizen & Staff) *Condition apply Amount payable on maturity: Rs.1,15,901/- ** is the net amount payable on maturity. **Maturity value is subject to changes depending upon change in the interest rate and insurance premium rates. Nomination: Available as per the norms in force.

Freedom Deposit(LFD) The scheme has several unique features, which are customer friendly and an attractive form of investment. Salient Features

If the minimum balance is above Rs.5000/- the system will look at the possibility of transferring of Rs 5000/- and multiples of Rs 5000/- automatically, to LFD (Lakshmi Freedom Deposit) for a period of 46 Days On maturity of the (46 days) deposit, it will be automatically renewed for further period of 46 days If no Sweep-in happens within that deposit period, the entire deposit amount will be renewed. Ideal for saving money for a targeted festive activity, such as marriage. On the other hand, to meet the withdrawals sweep in had happened for part of the deposit amount, then the residual deposit will get auto renewed on the maturity date. If the interest on such Sweep out deposit exceeds Rs 1000/-, it will be invested for 46 days with next deposit number.

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LOANS: Home Loan Eligibility Individuals and HUFs (operating through Kartas) with sufficient income and who can produce satisfactory proof of such income by way of salary certificates, Income Tax certificates etc.can avail loans under the scheme. Purposes

Construction of a new house/flat. Purchase of a new house /flat constructed by a reputed promoter/contractor. Additional construction or alterations carried out by the owners of the houses. Repairs done by owners of the houses. Purchase of old houses Purchase of approved plot
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Initial Public Offer (IPO Purpose For subscribing to the initial public offering of the companies. Eligibility Salaried Employees other individuals Rental Loan Purpose Borrowers may utilize the loan facility to meet their personal expenditure requirements for investments or for general corporate purposes. Eligibility a) Borrower : Owner of commercial and residential properties and who receive rental income thereon viz, individuals, Partnership/ Proprietorship, Trusts & other legal entities permitted to own properties, receive rentals and borrow from banks. (b) Properties: Commercial and residential properties located in semiurban, urban, metro centers will be eligible. Vidhya Lakshmi Loan Purpose To meet expenses connected with the pursuit of specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion.

Should have secured admission to professional/technical courses in India broad through entrance test/merit based selection process after completion of HSC (10 plus 2 or equivalent). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes.
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In such cases, appropriate criteria will be adopted based on the employability and reputation of the institution concerned. Courses eligible a) Studies in India: Last point should be deleted.

b) Studies abroad: Dedegree/Diploma courses like aeronautical, pilot training, shipping, etc. provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad. Expenses eligible for finance: Purchase of computer at reasonable cost essential for completion of the course.

CHAPTER III

MISCELLANEOUS SERVICES

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MIMISCELLANEOUS SERVICES: TnNational Electronic Fund Transfer (NEFT) Bank is proud to offer the National Electronic Fund Transfer system (NEFT) facility. NEFT enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks. Features and Benefits

Electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day. There is no minimum or maximum stipulated transaction value for using this facility. NEFT facility is available in all the branches of our Bank. Funds transferred under NEFT will be credited to the beneficiarys account on the same day or next day. Inward remittance is free.
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No courier/postal charges payable by customers. Secured Transfer of funds across the Banks.

REAL TIME GROSS SETTLEMENT SYSTEM (RTGS)

Bank is proud to offer Real Time Gross Settlement System (RTGS) facility, which enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks FF Features and Benefits

An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day. Available for transaction value of Rs.2.00 Lakh and above.

Customers can get new banking services based on reliable high value funds transfer system.

No courier/postal charges payable by customers. Secured Transfer of funds across the Banks. Funds transferred under RTGS will be credited to the beneficiarys account within 2 hours. RTGS facility is available in all the branches of our Bank.

Inter Bank Mobile Payment Services (IMPS) on ATM Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. This service is provided by National Payment Corporation of India (NPCI) to the NFS members banks. IMPS facilitate customers to use mobile instruments as a channel for accessing their banks accounts and remitting funds there from. Using this service, customers of any banks can do fund transfer or payment instantly using his/her mobile phones on 24x7 basis. Considering the real time process round the clock and more secured, ATM is considered as one of relevant channels and useful for customer to do IMPS
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fund transfer securely. Our customers can send money to other bank customers through ATMs using his/her Debit cards. Advantages: 1. 2. 3. IMPS on ATM available all time 365x24x7. Fund transfer using IMPS is instant and secured. IMPS on ATM will support both inter-bank (beneficiary having account in other bank) and intra-bank (beneficiary having account in our bank) fund transfer. Mobile phone not required for initiating IMPS transaction. SMS alert will be sent to the remitter for debit of his/her account debit and credit of his/her beneficiarys account. INTERNET BANKING Internet Banking (IB) allows customers to conduct financial transactions on a secure website operated by their retail or corporate services. Our bank has launched Internet Banking at Chennai, on August 09, 2008. This is yet another milestone activity of the bank, after achieving the status of 100% Core Banking System. This is a cost effective delivery channel to all customers of the bank. The facility can be availed by any individual customer of the bank, having an operative account with our branches. (An Individual who is a customer can operate the account individually) The customers who are willing to avail iNet facility can approach any branch of to get the IB facility application form or directly download the application form from our website www.lvbank.com which is readily available. To start with, we are offering the following services under Internet banking.

4. 5.

Features Funds Transfer between Accounts .

Other Bank Funds Transfer (RTGS) Online Loan Repayment

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Opening Term Deposits ( e-DCD ) online. One view for all the accounts of a customer. Account Summary and Account details. View, Print and Download Statement of Accounts. Term Deposit Calculator / Loan Calculator Cheque Book Status enquiry Stop Cheque Request Email and Mobile Number Updation

SMS BANKING La Bank brings banking to your mobile phone. Use your mobile phone to inquire your latest account balance, know the status of cheque book request, etc. via SMS Any customer holding a Savings or Current account with us is eligible.

Sal Silent Features of SMS Banking

Daily balance alerts in the morning. (only for Current Account holders) Alert on any debit transactions of Rs.5,000/- and above. (only for Savings Bank Account holders) Alert on any credit transactions of RS.5,000/- and Above. (only for Savings Bank Account holders) Alert on any debit transactions of Rs.10,000/- and above. ( for Current Account holders) Alert on any credit transactions of RS.10,000/- and Above. ( for Current Account holders) Over line / Temporary Overdraft Alerts. Registration for Mobile Banking** Facility to change the Default account. Account Balance Details(account attached to the respective CIF ID) Account Activity(Last 5 Transactions) Cheque status enquiry Fixed Deposit Details Change Default account De-registration
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** Initially the user has to submit a form for registering his mobile number with the bank, before activating the mobile banking services. Eligibility Electronic Clearing Service (ECS) It allows fund transfer electronically between accounts held at different banks, facilitated through a clearing house. This facility is generally used for bulk credit and debit transactions like distribution of dividends, interests, salary pension, payment of utility bills like telephone, insurance, taxes etc based on the mandates obtained from the beneficiary/payee. The facility is offered by Reserve Bank of India and can be availed at selected locations. Type of ECS Transactions: a) ECS Credit: Used to credit the account of a beneficiary customer. b) ECS Debit: Which facilitates payment of bills, taxes etc by debiting the amount from the account of a customer. ECS credit/debit facility can be availed at all available locations.

CashTree, NFS and BANCS: We are a member of CashTree, NFS (National Financial Switch) and BANCS (Banks ATM Network and Customer Services) ATM Network. ATM/Debit cards of Banks, which are member of the above consortium (CashTree,NFS and BANCS),are accepted at our ATMs,FREE OF CHARGE. However, our Customer has access to around 70,000 ATMs of the CashTree,NFS and BANCSmember banks for carrying out transactions. CashTree: Its an ATM consortium comprising of 13 member banks (including our Bank), which includes major public and private sector Banks.The list of Member Banks under this consortium is given below. National Financial Switch (NFS):
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Lakshmi Vilas Bank is also a member of The National Financial Switch (NFS), which is an inter-bank ATM network with 41 other major banks.The National Financial Switch is conceived and run by IDRBT, an arm of the Reserve Bank of India. Banks ATM Network and Customer Services (BANCS): BANCS is the successor to the first Shared ATM network Swadhan. BANCS was formed in 2004 by several like minded member Banks who wanted to share their ATMs to get the optimum utilization. The members of the BANCS comprise mainly Co-operative Banks. The group is having nearly about 7500 ATMs at present. All customers of Member Banks can use LVBs ATM.

CHAPTER IV VARIOUS CARD & INVESTMENT SERVICES PROVIDED BY LVS BANK

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DIFFERENT TYPES OF CARDS:

International Debit Card VISA International Debit Card allows you to purchase goods at Merchant Establishments through POS and also gives the freedom to withdraw cash from ATMs anywhere across the globe and to do e-commerce transactions. Features of Debit Card:

Valid in India and Overseas Can be used to make purchase at over 4,70,000 Merchant outlets in India and over 29 million Merchant outlets worldwide. Can be used to perform transactions through e-commerce (Ticket booking, Online shopping, Utility Bill Payment) Can be used for Cash Withdrawal at over 50,000 ATMs in India and over 1.2 Million ATMs worldwide. As your account will be debited instantly to the extent of purchases made or the amount withdrawn from ATMs using the Debit Card there will not be any outstanding in the case of a Debit Card.

ATM Cards: ATM cards are more convenient to carry and use and less risky
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PIN: The cardholder is allotted a computer generated 4 digit PIN (Personal Identification Number) which will be sent in a secured and sealed PIN mailer. The PIN is used for withdrawing cash at an ATM.The PIN should be safeguarded carefully. Usage of wrong PIN three times would invalidate the card for rest of the day. Validity of Card: The card is valid till the last day of the month embossed on the card.If the card is used after expiry,it will rejected by the ATM. Cash Withdrawal: Minimum of Rs.100/- maximum per day Rs.25,000/- (subject to review from time to time) Our Customers have access to around 40,000 ATMs of both NFS(National Financial Switch) and CashTree Network, across the country for BALANCE ENQUIRY and CASH WITHDRAWAL Rupay ATM Card The advent of technology in Banking Industry paved the way for introduction of safe, secured and hassle-free electronic payment products. The spending pattern of consumers has boosted the growth of Indian Payment Card market including credit, debit and prepaid cards. Banks have tied up with internationally acclaimed networks like VISA Worldwide, Master Card and American express to improve their retail banking space and bottom line. Using RUPAY card our customers can access all ATMs under NFS network for cash withdrawal, balance inquiry, mini statement and PIN change across our nation. Advantages of RUPAY card Suitable for customers who needs card only for ATM operations.

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Using RUPAY card customer can access all ATMs under NFS network/CashTree network. ( The Rupay card can be used in 98000 + ATMs of 66 members Banks across the country. ) Card renewal charges will be waived for RUPAY cards. Other Points: Rupay card will be issued to new account holder who are not having any cards of our bank. will not be issued as replacement for our ATM/VISA Debit Cards. Rupay card issuance will not support migration from other cards like VISA Classic, VISA Gold etc. All dispute management related to Rupay Card is as same as VISA Card Prepaid Gift Card Like the name suggests, a prepaid card requires the user to pay first and use later. The user will never have to worry about over-spending again. Prepaid cards are great training cards for teens and students.The Prepaid program has multiple functionalities from unbanked to gift etc. The various types of Prepaid card prevalent in the country are Travel prepaid (Forex card), Gift, payroll etc. we are launching prepaid Gift card in the first phase followed by Travel card and General purpose card with reloadable options. Prepaid payment instruments enhance convenience as a mode of payment in lieu of cash. Features Can be purchased over the counter ( Can be purchased by anybody across the counter after satisfying KYC norms ) Available in denominations of Rs. 500/- to Rs. 50000/Access to over 470000 VISA merchant outlets Valid for one year from the date of activation

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Terms and Conditions The card is not acceptable in ATMs Maximum of 50 cards can be sold to single entity or customer. Duplicate or replacement will be issued to the purchaser only after collecting charges for issuance of duplicate card. Balance available in the card should be greater than charges for duplicate or replacement. Duplicate must be issued only after deactivation of original card.

INVESTMENT & INSURANCE SERVICES: Life Insurance Bank has entered into a tie up with the Giant in the Life Insurance sector LIC of India for soliciting Life Insurance policies for our customers. All the products of LIC will now be available through our branches. It opens up a reliable and trustworthy investment avenue, making a one stop shop for all financial requirements. The core benefit of life insurance is that the financial interests of ones family remain protected from circumstances such as loss of income due to critical illness or death of the policyholder. Simultaneously, insurance products also have a strong inbuilt wealth creation proposition. The customer therefore benefits on two counts and life insurance occupies a unique space in the landscape of investment options available to a customer. Various types of Life Insurance Products: Term Life Insurance Whole Life Insurance
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Endowment Policy Money Back Policy Annuities and pension Unit Linked Insurance Plans (ULIPs) Regular Premium Products (Jeevan Anand, Jeevan Tarang) Single Premium Products (BIMA Bachat, Jeevan Vridhi, Jeevan Akshay-VI )

ECGC Export Credit Guarantee Corporation Bank has tied up with ECGC Ltd, as a Corporate Agent to market their products, particularly Export credit insurance policy. ECGC is a Corporation set up by the Government of India for providing export credit insurance cover to Indias exporters and banks. ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers, comparable to those available from their competitors from most other countries. Mutual Funds Bank is associated with 10 Mutual Fund Asset Management Companies (AMCs) for promoting Mutual Fund Business over 6 years and Bank has got Corporate ARN(AMFI Registration Number):20626. A mutual fund is a professionally managed type of collective investment that pools money from many investors to buy stocks, bonds, short-term money marketinstruments, and/or other securities. Since their creation, mutual funds have been a popular investment vehicle for investors. Their simplicity along with other attributes provide great benefit to investors with limited knowledge, time or money. We are marketing various schemes which includes the New Fund offers, on-going

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schemes of various mutual funds, SIP / MIP / STP / DIP etc., of the below mentioned Mutual Fund associates, 1. 2. 3. 4. 5. Franklin Templeton Investments Sundaram Asset Management Co Ltd. HDFC Asset Management Company Limited UTI Mutual Fund Tata Asset Management Ltd

6. L&T Mutual Fund 7. 8. 9. Kotak Mahindra Asset Management Co Ltd Reliance Capital Asset Management Limited Prudential ICICI Asset Management Co. Ltd

10. SBI Funds Management Pvt Ltd

Portfolio Management Services (PMS) Bank has tied up with UTI Asset Management Company for offering Port Folio Management Services (PMS) products across the Branch Network. Portfolio Management Services (PMS) is an investment portfolio in stocks, fixed income, debt, cash, structured products and other individual securities managed by professional Money / Fund Managers that can potentially be tailored to meet specific investment objectives of the investors. Features & Advantages of PMS: PMS is a well established hassle free option compared to direct equity. Strong marketing and operational support from the service provider. Attractive long term additional revenue.
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No competition with other offerings of the bank which is debt based. More choice in terms of portfolios to suit individual client needs and risk appetite Ability to structure products that meet specific investment objectives Increase in wallet share by cross selling to investor who is investing in direct equity. Better revenue than other Equity based products.

Products offered by UTI PMS 1. UTI Freedom Strategy Portfolio (erstwhile Moderate Portfolio) 2. UTI Shariah Compliant Portfolio(erstwhile Shariah Portfolio)

DEMAT SERVICES Bank is offering Depository services for the benefit of its customers. Through this facility, our customers can hold their securities in electronic form withNational Securities Depository Ltd (NSDL).Thus the customers of the bank can now open Demat accounts with us through our designated branches. A Demat Account is an account which holds the Beneficial Owner's (BO's) securities in electronic form. There are many advantages in opening a Demat account and keeping the securities in dematerialized form. Major advantages are It is a safe and convenient way to hold securities compared to holding securities in physical form. It eliminates damage, loss, theft and misusage of physical certificate No stamp duty is levied on transfer of securities held in Demat form. Change of address, registration of Power of Attorney etc can be effected across companies by one single instruction to DP.

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 Shares can be traded and transferred even in single number which was not possible earlier

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