PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

INTRODUCTION

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank as on 30th September, 2012 is capitalized to the extent of Rs. 414.53 crores with the public holding (other than promoters and GDRs) at 53.80%. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1600 branches (including 169 Service Branches/CPCs as on 30th June, 2012). The Bank has a network of over 10000 ATMs (as on 30th June, 2012) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

VISION AND VALUES

VISION 2015: To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology Core Values Customer Centricity Ethics Transparency Teamwork Ownership

AWARDS
1. Awards & recognition received by the Bank during the Year 2012: 2. Best Bank in the Private Sector Bank category (CNBC-TV18s India Best Bank and Financial Institution Awards) 3. Awards & recognition received by the Bank during the Year 2011: 4. Bank of the Year India (The Banker) 5. Brand Excellence Award 2011 in the BFSI category (Star News) 6. The Most Consistent Large Bank (Best Banks 2011 survey (Business Today and KPMG) 7. Most Preferred Bank Amongst Retail Consumers (CLSA survey on personal banking trends) 8. Most Productive Private Sector Bank (FIBAC 2011 Banking Awards) 9. 3rd Strongest Bank in Asia-Pacific Region (Asian Banker) 10. The Best Domestic Bank India; The Best Bond House India (The Asset Triple A country Awards 2011)
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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK 11. Best Risk Master in the Private Sector Category (FIBAC 2011 Banking Awards) 12. Best Bond House in India 2011 (Finance Asia) 13. Awards & recognition received by the Bank during the Year 2010: 14. Euromoney Best Debt House in India 15. Asiamoney Best Domestic Debt House in India 16. Financeasia Best Bond House in India 17. FE Best Banks Award Best New Private Sector Bank, Rank 2 18. Forbes Fab 50 The Best of Asia-Pacifics Biggest Listed Companies- second year in a row 19. The Asset Triple A Country Awards 2010: 20. Best Domestic Bank, India 21. Best Domestic Bond House, India. 22. Business Today Best Bank Awards - Overall Winner & Consistent Performer -(Large Banks Category) 23. Business World Best Bank Award- Fastest Growing Large Bank 24. Ranked No. 1 in "overall experience with bank staff" and "overall branch facilities" by The Hindustan Times-MaRS Survey Report dated, 29th March, 2010

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

BOARD OF DIRECTORS

Adarsh kishore chairman

Shikha Sharma md and ceo

Rama bijapurkar director

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

PRODUCTS OF THE COMPANY

1. ACCOUNTS a. Saving account b. Salary account c. Current account 1. Types of saving account
A. Easy Access Savings Account B. Prime Savings Account C. Future Stars Savings Account D. Prime Plus Savings Account E. Women's Savings Account F. Senior Citizen's Account G. Pension Savings Account H. Trust/NGO Savings Account I. 3-in-1 Online Investment Account

J. Insurance Agent Account

2. DEPOSITS 1. Fixed Deposits 2. Tax Saver Fixed Deposit 3. Recurring Deposits 4. Encash 24 5. Interest Rates

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK 1. FIXED DEPOSITS
Features & Benefits Documentation How to Open a Fixed Deposit Online How to Apply Axis Bank offers multitudes of fixed deposit schemes for various durations. It offers simple reinvestment Fixed Deposits (at very competitive interest rates), which can be opened with a minimum investment of Rs 10,000. You can make additions to your deposit in multiples of Rs 1,000 each. The tenure of your fixed term deposit must be a minimum of 6 months. Fixed Deposit Schemes Reinvestment Deposits: In a reinvestment fixed deposit scheme, the interest accrued on your deposit at the end of each quarter is invested along with the principal. The tenure of your deposit must be a minimum of 6 months. At the end of the quarter, the interest and the principal are both rolled over, and the interest is calculated on the total sum. Income tax is deducted at source. Automatic Rollover: As a Fixed Deposit holder, you can avail of the facility for automatic rollovers on maturity (for both the principal and interest). You can select this option in the Account Opening Document (AOD). The options available are: Rollover only Principal: Only the principal amount of your fixed deposit will be rolled over. The interest will be either credited to your designated account or paid out. Rollover Principal and Interest accrued in Reinvestment Deposit scheme: This will rollover both the deposit and the interest accrued for the same tenure at the Interest Rates applicable on the maturity date. On or before the maturity date, you can make the following changes in the rollover instructions of the deposit:

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
Change in tenure Change in maturity instructions Change in payment instructions Change in principal (only reduced amount) Change rollover of Principal to rollover of Principal + Interest, or vice versa. Withdrawals of Fixed Deposits All encashment or withdrawals of Fixed Deposits can only be made at the branch where the deposit was booked. Method of calculation of interest rates on your fixed deposits For fixed deposits with tenure of 6 months & above, interest is calculated on a quarterly basis. Interest earned during the previous quarter is added to the Principal for calculation of interest. Fixed deposit interest rate on this amount is calculated every quarter. For fixed deposits schemes with tenure of below 6 months, interest is calculated at Simple Interest. Please note that the period of Fixed Deposit is considered in number of days. In the event the depositor chooses to receive the periodic interest payments on a quarterly basis, interested is calculated and paid on quarterly rests. On premature withdrawal of the deposit, interest shall be paid only for the period for which the deposit is maintained with the Bank and at the rate applicable for such period. Tax at source is deducted as per the Income Tax regulations prevalent from time to time. 2. TAX SAVER Features & Benefits Interest Rates Tax Advantage Rate of Interest Eligibility BTIRT COLLEGE SAGAR 7

PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
How to Apply In the Finance Bill of 2006, the government had announced Tax benefits to Bank Term Deposits which are of over 5 year tenure u/s 80C of IT Act, 1961 vide Notification Number 203/2006 and SO1220 (E) dated 28/07/2006. The salient points of the scheme notification are; (a) Fixed tenure without premature withdrawal. (b) Year is defined as a financial year. (c) Amount limited to Rs. 100 minimum and Rs. 100,000 maximum. (d) Bank will issue a Fixed Deposit Receipt that shall be the basis of claiming tax benefit. (e) Term deposit under this scheme cannot be pledged to secure a loan. Benefits of tax break u/s 80C of IT Act Benefit Illustrator Example Assume that a customer invests Rs 100,000 in this scheme @ 8% p.a. in fixed deposit for five years. He will get a benefit of Rs 30,600 at 30.6 % on the eligible investment of INR 100,000 assuming that he is in Rs 2,50000 lac to Rs 10,0000 lac tax bracket, thus his effective investment would be Rs 69,400. He would earn Rs 8000 (08 percent on 1 lac) as interest per annum, which would translate to a return of 11.5 percent on the effective investment of Rs 69,400. Features Two schemes TDGRI (Reinvestment Type) and TDGQI (Quarterly Interest Type). Minimum and Maximum Deposit Amount: The minimum deposit amount will be INR 100 or multiples thereof and maximum deposit amount will be INR 100,000 Lock-in-Period: Since there is an underlying tax advantage u/s 80C of IT Act, there would be a lock in period of at least 5 years on the FD under this scheme. Type of deposit: Two types of deposits are to be offered under the scheme, one providing for quarterly compounding/reinvestment of interest (RIC scheme) and the other providing for quarterly payout of Interest (QIC scheme) to the designated operative account of the depositor. Premature closure of Fixed Deposits:. A minimum lock in period of 5 years is stipulated to enable the deposit to be assessed as exempt from taxable income u/s 80C of the IT Act. The maturity period of a term deposit receipt of any denomination shall be five years commencing from the date of the receipt.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
No term deposit shall be en-cashed before the expiry of five years from the date of its receipt Fixed Deposit Receipt: As per the scheme notification, tax benefits under this scheme are to be claimed through the Fixed Deposit receipt issued by the Bank. Tax Deducted at Source: Fixed Deposits with the bank shall be subject to Tax Deduction at source as per Income Tax Act 1961. Interest on these term deposits shall be liable to tax under the Act, on the basis of annual accrual or receipt, depending upon the method of accounting followed by the assessee. The tax on such interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Act.

3. RECURRING DEPOSITS
Features & Benefits How to Apply Are you considering saving money a bit at a time? Axis Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. Features Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter. Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12 months thereafter, upto a maximum of 120 months. The amount of installment once fixed, cannot be changed. Installment for any calendar month is to be paid on or before the last working day of the month. Where there is delay in payment of installment, one can regularise the account by paying the defaulted installment together with a penalty (at present it is @ PLR plus 4 % for the period of delay).Fraction of a month will be treated as full month for the purpose of calculating the penalty.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
The total amount repayable to a depositor, inclusive of interest, depends on the amount of monthly installments and the period of deposit.

4. ENCASH 24
Features & Benefits How do I sign up for Encash 24? The Encash 24 (Flexi Deposit) gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the following unique facilities: Maximum Returns: Your money is no longer idle. As soon as the balance in your Savings Account crosses over Rs 25,000, the excess, in multiples of Rs 10,000 will be transferred automatically to a higher interest earning Fixed Deposit Account. The maturity of fixed or term deposits formed as a result of transfer of money from the Savings Bank account will be for a maximum period of 181 days and the interest will be calculated on simple interest rate basis. Maximum Liquidity: The money parked in Fixed Deposits as a result of the above mentioned sweep out from your Savings account can be easily accessed by issuing a cheque, withdrawing through ATM etc. This amount is automatically reverse swept from the most recently formed Fixed Deposit in units of Rs 5,000 to the Savings account whenever the balance in your Savings account falls below Rs 25,000. The amount broken form your Fixed Deposit will earn interest rates at the applicable rate for the period that the deposit was held with the Bank. The remaining amount of Fixed Deposit will continue to earn the contracted rate of interest. Auto Renewal: On maturity of your linked Fixed Deposit, the Bank will automatically renew it for a maximum period of 181 days.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
INTEREST RATES Savings Account Deposit Interest Rate - 4% (for all amounts). Rates effective 25th October 2011.

Domestic deposits - less than 1 crore Domestic deposits - 1 crore to less than 5 crores Domestic deposits - Senior Citizen - less than 5 crore
PERIOD DEPOSITS INTEREST RATES ON DOMESTIC DEPOSITS (%) (p.a.) Low Value Term Deposits on Deposits Below Rs 15 lakhs 7 days to 14 days 15 Days to 29 3.50 Days 30 days to 45 days 46 days to 60 days 61 days to less than 3 months 6.50 6.50 6.50 7.00 7.00 6.25 6.25 6.25 7.00 7.00 5.00 5.00 5.00 7.00 7.00 3.50 3.50 4.00 4.00 3.50 on Deposits of Rs 15 lakhs < Rs 50 Lakhs 3.50 on Deposits of Rs 50 on Deposits of Rs 1

W.E.F. October 8, 2012 W.E.F. October 8, 2012 W.E.F. October 8, 2012

Senior Citizen on Deposits of Rs 3 Crore < Rs 5 Crore 4.00 on Deposits below Rs. 50 lakhs 3.50 on Deposits of Rs. 50 Lakhs < Rs.5 Crore 3.50

lakhs < Rs 1 Crore < Rs Crore 3.50 3 Crore 4.00

3.50

3.50

5.00

5.00

6.25

6.25

6.50

6.50

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
3 months to less than 4 months 4 months to less than 5 months 5 months to less than 6 months 6 months to less than 7 months 7 months to less than 8 months 8 months to less than 9 months 9 months to less than 10 months 10 months to less than 11 months 11 months to 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.50 7.50 7.50 8.50 8.50 8.25 8.25 7.00 7.00 7.00 8.50 8.50 7.00 7.00 7.00 7.00 7.00 8.00 8.00 7.00 7.00 7.00 7.00 7.00 8.00 8.00 7.00 7.00

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
less than 1 year 1 year to less than 13 months 13 months to less than 14 months 14 months to less than 15 months 15 months to less than 16 months 16 months to less than 17 months 17 months to less than 18 months 18 months to less than 2 years 2 years to less 9.00 than 30 9.00 9.00 9.00 9.00 9.75 9.75 9.00 9.00 9.00 9.00 9.00 9.75 9.75 8.50 8.50 8.50 8.50 8.50 9.25 9.25 8.50 8.50 8.50 8.50 8.50 9.25 9.25 8.50 8.50 8.50 8.50 8.50 9.25 9.25 8.50 8.50 8.50 8.50 8.50 9.25 9.25 8.50 8.50 8.50 8.50 8.50 9.25 9.25 8.50 8.50 8.50 8.50 8.50 9.25 9.25

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

INTEREST RATES ON TAX SAVER DEPOSITS 5 years only (Amount Capped at Rs. 1 lac per customer per Financial INTEREST RATES(%) Year) Regular Depositor (Individual & HUF) Senior Citizen (Individual)
months 30 months to less than 3 years 3 years to less 9.00 than 5 years 5 years up to 10 years 8.50 8.50 8.50 8.50 8.50 9.25 9.25 9.00 9.00 9.00 9.00 9.75 9.75 9.00 9.00 9.00 9.00 9.00 9.75 9.75

(p.a.) 8.25 9.00

For interest rates on Fixed Deposits of Rs. 5 crore and above, please contact your nearest Axis Bank branch. Rates Effective from: Monday, October 15, 2012

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

LOANS

Home Loan Features Apply Online for Home Loans Car Loan Features Apply Online for Car Loans Education Loan Personal Loan Loan Against Shares Loan Against Property Loan Against Security Loan Against Gold CARDS 1. Credit cards 2. Debit cards 3. Prepaid cards FOREX

Travel Currency Card India Travel Card Outward Remittances Foreign Currency Travellers Cheques Foreign Currency Cash Foreign Exchange Rates

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK INVESTEMENTS

Gold Mohurs Silver Mohurs Online Trading with AxisDirect Mutual Funds Demat Account 8% Savings Bonds IPOSmart Alternate Investment Products

INSURANCE

Life Insurance Health Insurance Home Insurance Travel Insurance Motor Insurance

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK INTRODUCTION

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our countrys growth process.

As on March 31, 2012, the Bank had a network of 973 Branches and 1542 ATMs. The Bank's total business, during Fy 2011-12, reached Rs. 3,91,651 Crore, Balance sheet reached Rs. 2,90,837 Crore while it earned a net profit of Rs. 2032 Crore (up by 23.15 %).

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK VISSION Our vision for the Bank is TO BE THE MOST PREFERRED AND TRUSTED BANK ENHANCING VALUE FOR ALL STAKEHOLDERS.

MISSION

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK BANK PROFILE Profile of the Bank IDBI Bank Ltd. is today one of India's largest commercial Banks. For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards). As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to cover an array of services that contributed towards balanced geographical spread of industries, development of identified backward areas, emergence of a new spirit of enterprise and evolution of a deep and vibrant capital market. On October 1, 2004, the erstwhile IDBI converted into a Banking company (as Industrial Development Bank of India Limited) to undertake the entire gamut of Banking activities while continuing to play its secular DFI role. Post the mergers of the erstwhile IDBI Bank with its parent company (IDBI Ltd.) on April 2, 2005 (appointed date: October 1, 2004) and the subsequent merger of the erstwhile United Western Bank Ltd. with IDBI Bank on October 3, 2006, the tech-savvy, new generation Bank with majority Government shareholding today touches the lives of millions of Indians through an array of corporate, retail, SME and Agri products and services.

Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly competent and dedicated workforce and a state-of-the-art information technology platform, to structure and deliver personalised and innovative Banking services and customised financial solutions to its clients across various deliverychannels.

As on March 31, 2012, IDBI Bank has a balance sheet of Rs.2.91 lakh crore and business size (deposits plus advances) of Rs.3.92 lakh crore. As an Universal Bank,

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK IDBI Bank, besides its core banking and project finance domain, has an established presence in associated financial sector businesses like Capital Market, Investment Banking and Mutual Fund Business. Going forward, IDBI Bank is strongly committed to work towards emerging as the 'Bank of choice' and 'the most valued financial conglomerate', besides generating wealth and value to all its stakeholders.

HISTORY Industrial Development Bank of India Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.

Industrial Development Bank of India Limited In response to the felt need and on commercial prudence, it was decided to transform IDBI into a Bank. For the purpose, Industrial Development bank (transfer of undertaking and Repeal) Act, 2003 [Repeal Act] was passed repealing the Industrial Development Bank of India Act, 1964. In terms of the provisions of the Repeal Act, a new company under the name of Industrial Development Bank of India Limited (IDBI Ltd.) was incorporated as a Govt. Company under the Companies Act, 1956 on September 27, 2004. Thereafter, the undertaking of IDBI was transferred to and vested in IDBI Ltd. with effect from the effective date of October 01, 2004. In terms of the provisions of the Repeal Act, IDBI Ltd. has been functioning as a Bank in addition to its earlier role of a Financial Institution.

Merger of IDBI bank Ltd. with IDBI Ltd. Towards achieving the faster inorganic growth of the Bank, IDBI Bank Ltd., a wholly owned subsidiary of IDBI Ltd. was amalgamated with IDBI Ltd. in terms of the provisions of Section 44A of the Banking Regulation Act, 1949 providing for voluntary amalgamation of two banking companies. The merger became effective from April 02, 2005.
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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

Merger of United Western bank with IDBI Ltd. The United Western bank Ltd. (UWB), a Satara based private sector bank was placed under moratorium by RBI. Upon IDBI Ltd. showing interest to take over the said bank towards its further inorganic growth, RBI and Govt. of India amalgamated UWB with IDBI Ltd. in terms of the provisions of Section 45 of the Banking Regulation Act, 1949. The merger came into effect on October 03, 2006.

Change of name of IDBI Ltd. to IDBI Bank Ltd. In order that the name of the Bank truly reflects the functions it is carrying on, the name of the Bank was changed to IDBI Bank Limited and the new name became effective from May 07, 2008 upon issue of the Fresh Certificate of Incorporation by Registrar of Companies, Maharashtra. The Bank has been accordingly functioning in its present name of IDBI Bank Limited.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK BOARD OF DIRECTORS Management &Organisation IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day management of operations of the Bank is vested with the Chairman & Managing Director and Deputy Managing Director, who draw upon the support and expertise of a cross-disciplinary Top Management Team. IDBI Bank Ltd.'s employee base includes professionals from the fields of accountancy, management, engineering, law, computer technology, banking and economics.

Board of Directors (position as on July 8, 2012)

Mr. R. M. Malla (Chairman & Managing Director)

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK Mr. B. K Batra (Deputy Managing Director)

Mr. Sunil Soni

Mr. Pradeep Kumar Chaudhery

Mr. Subhash Tuli

Mr. P.S. Shenoy

Mr. S. Ravi

Mr. Ninad Karpe

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK PRODUCTS AND SERVICES DEPOSITS

Savings Account Corporate Payroll Accounts Current Account Fixed Deposits

1. Savings Account

At IDBI Bank, we believe that different people have different needs. Thus, we offer various different types of Savings Account to cater to our diverse customer base. Be it individuals, kids, women, corporates, senior citizens, we have an account tailor-made for each one of them. The various types of Savings Account offered By IDBI Bank are as follows:

Choose from various range of Personal Banking services like:

SuperSavings Account SuperShakti (Womens') Account Jubilee Plus (Senior Citizens) Account Being Me Account Power Kidz Account Sabka Savings Account - Relaxed KYC Sabka Basic Savings Account Complete KYC Pension Savings Account (Central Government Employees)

At IDBI Bank, it is our constant endeavor to provide you products and services that will enhance your banking experience. From time to time we identify your needs and produce quality products that will simplify banking for you. Our extensive branch and ATM network, technology initiatives, and correspondent banking arrangement with banks across the globe have leveraged
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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK us to provide superior services.

Savings Account Interest Rate - 4.00% p.a. (w.e.f. May 03,2011) Corporate Payroll Account At IDBI Bank, we understand your needs as an employer. In this fast paced world with ambitious targets and mounting pressures, you want to provide your employees nothing but the best in terms of banking convenience. Our Salary account product with no minimum balance requirement, instant account opening, and reimbursement account is just the right solution for you. The types of Salary Accounts that we offer are as follows:

Imperial Salary Account Crown Salary Account Star Salary Account Prime Salary Account Pride Salary Accounts Indian Army Salary Accounts Indian Navy Salary Accounts

Note: Salary Account is a special account offered to customers with regular direct salary credits coming into this account. In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Salary account shall stand withdrawn and the account shall be treated as Normal Savings Account.

DEPOSITS

2. Current Account

Each customer is unique and his requirement is also unique. IDBI Bank offers various current

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK accounts to fulfill the requirement of customers from different segments. The total gamut of offering is given below.

Core Trade Plus Special Bronze Plus Silver Premium Premium Special

FIXED DEPOSIT

Wide range of tenures. Choice of investment plans. Partial withdrawal permitted. Auto renewal possible. Loan facility available.

Features You can invest in our Fixed Deposit for as long as you wish between 15 days to 10 years. All fixed deposits come with a set choice of investment plans. Re-investment Fixed Deposit rates do not change but work like a Recurring Debit Account transaction. In other words, Re-investment Plans are compounded over traditional deposits and hence are more lucrative over different time periods.

Benefits Fixed Deposits at IDBI Bank comes with nomination facility. We also offer online access to your Fixed Deposits through our Internet Banking channel.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK Internet Banking at IDBI Bank allows you to connect your Fixed Deposit with your savings account.Interest on our Fixed Deposits for Quarterly Payout/Quarterly Compunding are calculated on Calendar Quarter basis.

Suvidha Fixed Deposit Suvidha Tax Saving Fixed Deposit Suvidha Suraksha Recurring Deposit Recurring Deposit Godhuli Retail Term Deposit Floating Rate Term Deposit

INTERNET BANKING

Welcome to world-class banking at IDBI Bank. In today's digital world, Internet banking assumes a special significance. Realising that the default access to your banking information in the near future would be only through the Internet, we at IDBI Bank have made available to you a globally benchmarked Internet Banking facility. With IDBI's Internet Banking, your Bank travels with you around the world and you have on-line, real-time access to your accounts. Admittedly, such a service requires security of the highest nature and complete privacy protection. We provide a completely secure environment, using 128-bit encryption SSL (Secure Sockets Layer), digitally certified by Verisign. 128-bit SSL guarantees world-class security for Internet and e-commerce applications. Click on the image to verify the certificate. .
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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

LOANS

We, at IDBI Bank offer a wide range of loan products to suit all your needs ranging from home to education, a holiday to buying a laptop. Select from our loan offerings and we shall be glad to service you on the same. The various loan offerings by IDBI Bank are as follows:

Choose from various range of Personal Banking services like:

Home Loans Loan Against Property Education Loan Personal Loan Loans Against Securities Reverse Mortgage Loan Auto loans

Pay your taxes conveniently through us

The Reserve Bank of India and the Central Board of Direct Taxes have authorised us to collect all direct taxes (Corporation Tax and Income Tax). You can now pay your income and corporate tax without any hassels.

Click here to pay your direct tax online

You can pay following types of direct taxes through us:

Corporation tax

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

Income tax Wealth tax Dividend distribution tax Securities transaction tax Fringe benefits tax Banking cash transaction tax

It includes following kinds of tax payments, which is usually done by you periodically:

Advance tax Self assessment tax TDS on salaries TDS on rent TDS on interest on securities or borrowings TDS on professional or technical services payments TDS on contractors' payments TDS on insurance commissions paid TDS on income distribution to unit holders by mutual funds TDS on repurchase payments of mutual fund units TDS on game shows and lottery prize payments TDS on commission on sale of lottery tickets

PHONE BANKING

Welcome to world-class banking at IDBI Bank. At IDBI Bank, we endeavour to raise the bar to meet the rising requirements of our customers, by providing quality products and services to suit varied banking needs. Our Phone Banking service is yet another, technology and

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK customer centric step in that direction. IDBI Bank Phone Banking service enables you to access authentic, instantaneous information on your account balances and transactions. The service is available totally free of cost round the clock, 365 days a year. To view the different services that are available through our Phone Banking facility, click here. A telephone and your 4-digit TIN (telephone identification number) is all that you need to access your account. MOBILE BANKING

Welcome to world-class banking at IDBI Bank. Business is on the move and so are the people who conduct it. For you to enjoy banking convenience while on the move, IDBI Bank is here with its SMS Banking facility. Our SMS banking initiatives permit you to access your Bank account and carry out various banking transcations and inquires. No need of visiting the bank time and again! NON-WAP Enabled Mobile Phones If you have a non-WAP enabled mobile phone, you can use the SMS facility and conduct the following operations using the messaging services of your service provider.

Balance enquiry Last three transaction Cheque payment status Cheque book Statement request Demat - free balance holding Demat - last two transactions

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

Bill payment

WAP Enabled Mobile Phones If you are WAP enabled mobile phone user, you can do interactive banking with us. If you need to draw cash while you travel, your mobile will indicate to you the nearest IDBI branch and its phone number. Transactions using WAP are WAP-WTLS compliant (meaning you have the comfort of transacting at the highest level of security standard available internationally). IDBI BANK DEBIT CARDS

Being Me Debit Card International Debit-cum-ATM Card Gold Debit-cum-ATM Card IDBI Bank Cash Card IDBI Bank Gift Card World / Global Currency Card Kids Debit Card Platinum Card Debit Card Offers

AGRI BUSINESS GROUP

India is a nation of villages. Agriculture and allied activities have been the main source of livelihood of our rural populace since times immemorial. The sector provides source of employment and livelihood to over 60% of the population. Its linkages with industry are growing with increasing stress on food and agri processing industry on account of changing demand patterns for processed food by consumers. With this background Corporate India has started finding new opportunities in Agriculture. IDBI Bank constantly emphasizes on lending to Agricultural sector. Bank has several Agri products viz. Warehouse receipt, Contract farming etc. to uplift the socioeconomic status of rural population.

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

COMPARISON RESULT
IDBI BANK After the amalgamation of IDBI with IDBI Bank and later with the beleaguered United Western Bank (UWB) in 2006, the bank has managed to integrate the additional branches and employees with itself. The bank had a franchise of over 1,200 ATMs and 720 branches at the end of March 2010. Retail assets constituted 16% of advances in FY10, up from 13% in FY05.

AXIS BANK Axis Bank is one of the most aggressive players in the private sector banking industry having more than tripled its share in non-food credit over the last 9 years from 1% in FY02 to 3.6% in FY12. Axis Bank has set up a network of 9,925 ATMs, the third largest in the country. During the period FY07 to FY12, Axis Bank has grown its advances at a compounded annual rate of 47%, against the industry average of 27%. The bank acquired Enam's investment banking business by issue of shares in 1QFY13.

EQUITY SHARE DATA

IDBI BANK 31/3/2011 High Low Sales per share Earnings per share Cash flow per share Dividends per share Dividend yield (eoy) Book value per share Shares outstanding (eoy) Bonus/Rights/Conversions Price / Sales ratio Avg P/E ratio P/CF ratio (eoy) x x x Rs Rs Rs Rs Rs Rs % Rs m 202.0 106.0 189.1 -3.2 22.1 3.50 2.3 148.0 984.57 PI,ESOP 0.8 -48.3 7.0 AXIS BANK 31/3/2012 1,460.0 921.0 532.3 74.5 222.1 16.00 1.3 548.9 413.20 ESOP 2.2 16.0 5.4 IDBI BANK/ AXIS BANK 13.8% 11.5% 35.5% -4.3% 10.0% 21.9% 169.1% 27.0% 238.3% 36.4% -302.4% 129.9%

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
Price / Book Value ratio Dividend payout Avg Mkt Cap No. of employees Total wages/salary Avg. sales/employee Avg. wages/employee Avg. net profit/employee x % Rs m `000 Rs m Rs Th Rs Th Rs Th 1.0 -109.9 151,624 14 10,840 13,690.6 797.2 1,149.8 2.2 21.5 491,915 32 22,540 6,930.1 710.2 1,329.6 48.0% -511.4% 30.8% 42.8% 48.1% 197.6% 112.2% 86.5%

INCOME DATA
Net Sales Other income Total revenues Gross profit Depreciation Interest Profit before tax Minority Interest Prior Period Items Extraordinary Inc (Exp) Tax Profit after tax Gross profit margin Effective tax rate Net profit margin Rs m Rs m Rs m Rs m Rs m Rs m Rs m Rs m Rs m Rs m Rs m Rs m % % % 186,165 22,217 208,382 167,394 24,919 142,702 21,990 0 0 0 6,355 15,635 89.9 28.9 8.4 219,949 54,872 274,821 208,534 60,999 139,691 62,716 0 0 0 20,518 42,198 94.8 32.7 19.2 84.6% 40.5% 75.8% 80.3% 40.9% 102.2% 35.1% 31.0% 37.1% 94.8% 88.3% 43.8%

BALANCE SHEET DATA

Current assets Current liabilities Net working cap to sales Current ratio Inventory Turnover Rs m Rs m % x Days 1,570,981 0 843.9 43.0 0 1,697,595 0 771.8 43.0 0 92.5% 109.3% 100.0% -

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PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK
Debtors Turnover Net fixed assets Share capital "Free" reserves Net worth Long term debt Total assets Interest coverage Debt to equity ratio Sales to assets ratio Return on assets Return on equity Return on capital Exports to sales Imports to sales Net fx Days Rs m Rs m Rs m Rs m Rs m Rs m x x x % % % % % Rs m 0 30,598 9,846 91,837 145,700 515,697 2,535,576 1.2 3.5 0.1 6.2 10.7 24.9 0.0 0.0 0 0 22,841 4,132 173,396 226,817 340,717 2,854,165 1.4 1.5 0.1 6.4 18.6 35.7 0.0 0.0 0 134.0% 238.3% 53.0% 64.2% 151.4% 88.8% 79.6% 235.6% 95.3% 98.0% 57.7% 69.8% -

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