Professional Documents
Culture Documents
Gujarat University
-: Subject:-
-: Company/Institute/Organization:-
-: Report On:-
-: Prepared by:-
-: Preface:-
[Ritesh M. Pandya]
-: Acknowledgement:-
My special thanks to
1. Shri Mankodi Sir, Regional Manager, Rajkot Region-III
2. Shri Khiyanni Sir, Chief Manager, Rajkot Region-III
3. Shri Desai Sir, Branch Manager, Bhaktinagar
for allowing me to work on this project.
Thanks
Executive Summary:-
Most of the activities a Bank performs are derived from the above
definition. In addition, Banks are allowed to perform certain
activities which are ancillary to this business of accepting deposits
and lending. A bank's relationship with the public, therefore,
revolves around accepting deposits and lending money. Another
activity which is assuming increasing importance is transfer of
money - both domestic and foreign - from one place to another.
This activity is generally known as "remittance business" in
banking parlance. The so called forex (foreign exchange)
business is largely a part of remittance albeit it involves buying
and selling of foreign currencies.
Acting as trustees
Acting as intermediaries
Keeping valuables in safe custody
Collection Business
Government business
-:Index:-
Banks are among the main participants of the financial system in India.
Banking offers several facilities & Opportunities. This section of the
provides comprehensive and updated information, guidance and
assistance on all areas of banking in India.
Bank of Hindustan, set up in 1870, was the earliest Indian Bank . Banking
in India on modern lines started with the establishment of three
presidency banks under Presidency Bank’s act 1876 i.e. Bank of Calcutta,
Bank of Bombay and Bank of Madras. In 1921, all presidency banks were
amalgamated to form the Imperial Bank of India.
The arrival of foreign and private banks with their superior state-of-the-
art technology-based services pushed Indian Banks also to follow suit by
going in for the latest technologies so as to meet the threat of
competition and retain customer base.
[3]Bank Account:
[A] DEPOSITS
[B] LOANS
DEPOSITS:
Current account
SBI products are designed with flexibility to suit your personal requirements. Enjoy 24 hour
facility through our ATMs – growing speedily it has crossed the 5000 mark Watch this space
for more details.
Open an account with any of our branches, all of them are fully
computerised, and realise the advantage of our vast network. Place funds
in Multi Option Deposit Scheme, a term deposit which is not fixed at all
and comes with a unique break-up facility which provides you full liquidity
as well as benefits of higher rates of returns, through your savings bank
account. Alternately, keep that deposit intact by availing an overdraft
facility, to meet your occasional temporary funds requirements.
Want to build up savings slowly? Discover our Recurring Deposit Account.
You can save a little every month to build up the desired corpus to meet
your future requirement of funds.
Benefits
Card Convenience
Get your Free ATM cum Debit Card and have access to the widest network
of over 5400 ATMs across the country to withdraw cash, enquire about
your balance, etc. Moreover, your card enables you to shop at more than
23,000 Merchant Establishments in India.You can also avail yourself of
our International ATM-cum-Debit Card which can be used within as well
as outside India, at a nominal fee.
Transact at your convenience, saving time and cost through SBI Internet
Banking.
You can also withdraw cash from Maestro endorsed ATMs and from ATMs
of HDFC Bank, UTI Bank, Andhra Bank, Punjab National Bank, Corporation
Bank, etc., at a nominal fee.
Monitoring Your Account
Monitor and control your funds through SBI Internet Banking or/
and through Passbook/ statement of account facility.
Alternatively, access your account by downloading InstantSBI on
your computer.
Transaction Ease
Unlimited number of payments
Make payments by giving us standing instructions
Remit funds from any part of the country to your account.
Upcountry Cheque Collection facility.
Other Benefits
Overdraft facility.
Transfer of accounts between our wide network of branches without
any charge.
Nomination Facility – Available.
Low minimum balance requirements.
Charges for availing services other than those covered here: The
schedule of charges for availing services other than those covered in this
product are being displayed in the branch premises/ notice board. These
are also available in this web site under “Revised service charges, w.e.f.
01.02.2006”.
Our Savings Bank Account helps you to plan and save for your future
financial requirements. Your savings remain liquid, safe and earn
moderate interest.
Benefits
Card Convenience
Get your Free ATM cum Debit Card and have access to the widest network
of over 5500 ATMs across the country to withdraw cash, enquire about
your balance, etc. Moreover, your card enables you to shop at more than
23,000 Merchant Establishments in India. You can also avail yourself of
our International ATM-cum-Debit Card, which can be used within as well
as outside India, at a nominal fee.
Easy and Wide Accessibility
Transact at your convenience, saving time and cost through SBI Internet
Banking.
You can also withdraw cash from Maestro endorsed ATMs and from ATMs
of HDFC Bank, UTI Bank, Andhra Bank, Punjab National Bank, Corporation
Bank, etc., at a nominal fee.
Monitor and control your funds through SBI Internet Banking or/
and through Passbook/ statement of account facility.
Alternatively, access your account by downloading InstantSBI on
your computer.
Moderate Earning
Our Savings Bank Account earns you an interest at the rate of 3.5% p.a.,
compounded half yearly.
Money Multipliers
Earn Interest at Term Deposit rates through Savings Plus Account.
Link your Savings Bank Account to your Multi Option Deposit (MOD)
Account to earn additional interest on your surplus money and get
the facility of automatic unitised break up of MOD in case there is a
shortfall in your SB account to honour the cheque drawn by you.
Our Savings Plus Account brings to you the best of both Savings Bank and
Term Deposit Accounts. This provides you the convenience of a Savings
Bank Account along with higher return of Term Deposit.
How is SBI Savings Plus Account Doubly Profitable?
Open a Savings Plus Account and set a threshold limit.
Any surplus funds in the account exceeding the threshold limit, for a
minimum balance of Rs.10,000/- and in multiple of Rs.1000/- in any
one instance, are transferred as Term Deposit and earns interest as
applicable to Term Deposits.
Flexibility to choose the period of deposit from 6 months to 3 years.
Flexibility to set any threshold limit of Rs.5,000/- or above.
Other Benefits of SBI Savings Plus Account
Get your Free ATM cum Debit Card and have access to the widest network
of over 5400 ATMs across the country to withdraw cash, enquire about
your balance, etc. Moreover, your card enables you to shop at more than
23,000 Merchant Establishments in India. You can also avail yourself of
our International ATM-cum-Debit Card that can be used within as well as
outside India, at a nominal fee.
Easy and Wide Accessibility
Transact at your convenience, saving time and cost through SBI Internet
Banking
You can also withdraw cash from Maestro endorsed ATMs and from ATMs
of HDFC Bank, UTI Bank, Andhra Bank, Punjab National Bank, Corporation
Bank, etc., at a nominal fee.
Monitoring Your Account
Monitor and control your funds through SBI Internet Banking and /
or through Passbook/ advice of Term Deposits/ Special Term
Deposits.
Alternatively, access your account by downloading Instant SBI on
your computer.
[v]TERM DEPOSITS:
Now you can earn a higher income on your surplus funds by investing
those with SBI. We provide security, trust and competitive rate of
interest.
Flexibility in period of term deposit from 7 days to 10 years.
Affordable Low Minimum Deposit Amount: You can open a term
deposit with SBI for a nominal amount of Rs.1000/- only.
Please check our Interest Rates online or simply email through our
Helpline.
Flexibility in choosing the amount you wish to invest and the
maturity period.
Highlights
Premature Withdrawal
Interest to be charged on premature withdrawal of term deposits at 0.5%
below the rate applicable for the period deposit has remained with the
Bank.
Tax Implications.
Automatic Renewals
There is no need for you to keep track of the maturity of your deposits.
Your deposits with us will be renewed automatically, post maturity. And
you continue to earn interest for same period as that of your matured
deposit, at the interest rate prevailing at the time of maturity. Automatic
renewals take place where there are no standing instructions for renewal.
This plan helps you to earn interest on interest, thus giving you a two-fold
income. You deposit your money with us for any period between six
months to 10 years, and we pay you interest on your deposited money
plus on the interest you earn. Thus your interest gets compounded every
quarter giving you higher returns.
Highlights
Safety – We understand the value of your hard earned money and
continue to deliver on our promise of safety and security over 200 years.
Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against your
deposit. SBI provides you loan / overdraft upto 90% of your deposit
amount at nominal cost. So you continue to earn interest in your deposit
and still can meet your urgent financial requirements.
Premature Withdrawal
Interest to be charged on premature withdrawal of special term deposits
at 0.5% below the rate applicable for the period deposit has remained
with the Bank.
Others
Special Term Deposits are available at all SBI Branches
Easy and convenient access of 24X7 information at SBI Internet
Banking.
Nomination Facility – Available.
Tax Implications.
Automatic Renewals
There is no need for you to keep track of the maturity of your deposits.
Your deposits with us will be renewed automatically, post maturity. And
you continue to earn interest for same period as that of your matured
deposit, at the interest rate prevailing at the time of maturity. Automatic
renewals take place where there are no standing instructions for renewal.
Other Facilities
Tax Implications
Tax Deductible at Source as applicable to Term Deposits/ Special
Term Deposits.
Automatic Renewals
As applicable to Term Deposits/ Special Term Deposits.
Premature Withdrawal
As applicable to Term Deposits/ Special Term Deposits.
Regular Updates
A quarterly statement showing the value of the deposits including
interest, is issued.
Nomination Facility – Available
[b]RECURRING DEPOSIT:
Want to create a fund for your children’s education or marriage or to buy
a car or for a dream holiday? Whatever may be your financial goals,
through our Recurring Deposit Scheme you can save a little every month
so that at the time of need you have sufficient funds to achieve your
financial goals. Recurring Deposit provides you the element of compulsion
to save at high rates of interest applicable to Term Deposits along with
liquidity to access that savings any time. So set aside a small amount
every month and earn at compounded rates of interest.
Highlights
Safety
We understand the value of your hard earned money and continue
to deliver on our promise of safety and security over two centuries.
Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against
your deposit. SBI provides you loan / overdraft upto 90% of your
deposit amount at nominal cost. So you continue to earn interest in
your deposit and still can meet your urgent financial requirements.
Transferability
Transfer of Recurring Deposit accounts between our wide network of
branches without any charge.
Regular Instalments to your Account
Now you have motivation/compulsion to save a chosen
amount every month and create a fund, which helps you to
meet your future financial needs.
Recurring Deposits are available at all SBI Branches
Easy and convenient access of information at SBI Internet Banking
Other Benefits
Regular Updates
You can monitor your deposit through SBI Internet Banking or through a
passbook issued to you.
[c]DOMESTIC TERM DEPOSITS:
Interest Rates
Duration
Annualized yield at
(% p.a)
the of the slab (%)
The rate of interest for single domestic term deposit (for maturities
of 1 year and above) of ‘Rs.15 lakhs but less than Rs.1 crore’ shall
be 25bp above card rate and for term deposit of ‘Rs.1 crore and
above’ shall be 50 bp above the card rate.
For bulk deposits of Rs.10 crore and above, please approach
branches for Treasury rates.
However, these differential rates above card rate will not be
available for Super- Saver Term deposits.
[viii]REINVESTMENT PLAN:
Reinvestment Plan
(Special Term Deposits)
[ix]Demat account:
You have to approach the DPs (remember, they are like bank
branches), to open your demat account.
As you buy and sell the shares, they are adjusted in your account.
Just like a bank passbook or statement, the DP will provide you with
periodic statements of holdings and transactions.
Where do I begin?
Once you approach your DP, you will be guided through the
formalities of opening an account.
You must fill up an account opening form and sign an agreement
with your DP.
The DP will ask for some documents as proof of your identity and
address.
Check with them what they require. For instance, some may accept
a driver's license, others may not.
Here is a broad list (you won't need all of them though):
• PAN card
• Voter's ID
• Passport
• Ration card
• Driver's license
• Photo credit card
• Employee ID card
• Bank attestation
• IT returns
• Electricity/ Landline phone bill
While they only ask for photocopies of the documents, they will
need the originals for verification.
You will have to submit a passport size photograph on which you
sign across.
How many shares you need to have to open an account
d) Car Loan
e) Educational Loan
f) Scholar Loan
g) Property Loan
h) Loan to Pensioners
j) Festival Loans
k) Medi-Plus Scheme
l) Teachers-Plus Scheme
m) Sainik-Plus Scheme
n) Tribal-Plus Scheme
o) Credit Khazana
p) Rent Plus
Many of our branches offer loans under Personal Finance. This section
also offers an EMI calculator to facilitate computation of monthly
repayment.
[A] SARAL PERSONAL LOAN:
Do you want funds readily available to you whenever you desire or need,
be it a sudden vacation that you plan with your family or urgent funds
required for medical treatment. SBI’s Saral Personal Loan is the answer to
your questions. Access this facility frombranches across the country and
confidently face the challenge of meeting any kind of personal expenses!!
Purpose
To meet any kind of personal expenses, e.g., marriage, family functions,
medical, educational, travel expenses, etc.
Eligibility
Loan Amount
Margin
We do not insist on any margin amount.
Interest Rates
250 bps above SBAR i.e.12.75% p.a. floating to 450 bps above SBAR
i.e.14.25% p.a. floating depending on Credit Score. Borrowers with good
track record with our bank will be rewarded.
Repayment
The loan is repayable in 48 EMI. You are allowed to pay more than the
EMI if you wish to, without attracting any prepayment penalty.
Security: NIL
Documents Required
Documents to be furnished while opening a Saral Personal Loan Account:
Voter’s card
Employer issued Photo identity Card
Valid Passport
Valid Driving License
PAN Card
Home is where the heart is! At SBI, we understand this better than most
– the toil and sweat that goes into building/ buying a house and the
subsequent pride and joy of owning one. This is why our Housing loan
schemes are designed to make it simple for you to make a choice at least
as far as financing goes!
‘SBI-Home Loans’
Unique features:
Purpose
Eligibility
Minimum age 21 years as on the date of sanction
Loan Amount
Applicant/ any one of the applicants are aged over 21 years and upto
45 years – 60 times Net Monthly Income (NMI) or 5 times Net Annual
Income (NAI), subject to aggregate repayment obligations not
exceeding 57.50% of NMI/ NAI
Applicant(s) aged over 45 years of age– 48 times NMI or 4 times NAI,
subject to aggregate repayment obligations not exceeding 50%of NMI/
NAI
Margin
Interest rates
Processing Fee
Prepayment Penalty
Security
Moratorium
Disbursement
Documents
Completed application form
Passport size photograph
Proof of Identity – PAN Card/ Voters ID/ Passport/ Driving License
Proof of Residence – Recent Telephone Bill/ Electricity Bill/
Property tax receipt/ Passport/ Voters ID
Proof of business address in respect of businessmen/ industrialists
Sale Deed, Agreement of Sale, Letter of Allotment, Non
encumbrance certificate, Land/ Building Tax paid receipt etc. (as
applicable and subject to satisfaction report from our empanelled
lawyer)
Copy of approved plan and approval from the Local Body
Statement of Bank Account/ Pass Book for last 6 months
The loan is granted as an Overdraft facility with the added flexibility for
you to operate your Home Loan Account like your SB or Current Account.
The product serves to minimize your interest cost by enabling you to park
your surplus funds in ‘SBI-Maxgain’ (with the benefit to withdraw the
surplus funds whenever you require), specially in the wake of low yields
from other deposit/ investment avenues.
A unique product if you are on the look out for a loan to purchase a plot
of land for house construction. The loan is available for a maximum
amount of Rs.20 lacs* and with a comfortable repayment period of upto
15 years.
You are also eligible to avail another Housing Loan for construction of
house on the plot financed above with the benefit of running both the
loans concurrently.
A revolutionary product designed for customers who are on the look out
for a source of finance for a property they want to invest in without
mortgaging the same. All you have to do is pledge any financial security
that you have and you will get a Home Loan for your dream home.
A must-take for those who do not want to pay stamp duty for mortgage
of their property or go through the hassles of creation of mortgage.
You also have an option to take the loan by way of mortgage of the
property and pledge financial securities in lieu of margin money.
The Scheme
Purpose
To meet any kind of Travel expense such as cost of ticket, hotel stay,
visa, airport tax, purchase of Basic Travel Quota, etc.
Eligibility
Traders, who have cash flows to repay the loans and can provide suitable
third party guarantee, they should restrict their banking requirements to
the branch where the loan is proposed to be taken.
Salient Features
Loan Amount
For Salaried individuals and self employed professionals: Rs.2.5 lacs (Rs.5
lacs in New Delhi, Chennai, Bangalore, Hyderabad, Mumbai and Kolkata
and can be further increased to Rs.10 lacs if the self-employed
professional maintains a satisfactorily conducted account with our branch
or the salary of individual is regularly credited to their account with our
Bank)
Documents Required
Copy of Passport
Copies of Rail-tickets/Bus tickets/Air tickets and visas of
consolidated invoice containing ticket charges, insurance charges,
other sundry charges, etc.
Passport size photograph
For salaried individuals Latest salary slip and Form 16, for Self-
employed individuals and Professionals IT returns for the last two
financial years.
Proof of Professional Qualification (for self employed professionals)
Copy of highest Professionals degree held
Copy of Passport
Copies of Rail-tickets/Bus tickets/Air tickets and visasCopy of
consolidated invoice containing ticket charges, insurance charges,
other sundry charges, etc.
Passport size photograph
For salaried individuals Latest salary slip and Form 16 for Self-
employed individuals and Professionals IT returns for the last two
financial years.
Proof of Residential address
This can include home and establishment certificate/Lease
deed/Telephone Bill.
Margin
we do not insist on any margin amount.
Interest Rates
12.75% floating.
Repayment
The loan is repayable in a maximum of 48 EMI. You are allowed to pay
more than the EMI if you wish to, without attracting any prepayment
penalty.
Security
No security is needed except in the case of members of business
community where suitable third party guarantee is required.
[D] GRAM NIVAS SCHEME
Scheme Highlights
Purpose
If the plots owned are in different places in the same village, two separate
loans for construction of house and work shed may be extended.
Operational Area
The Scheme will cover all rural and semi-urban centers. ‘Rural Area’ for
the purpose of the Scheme is the area comprised in any village including
the area comprised in any town, the population of which does not exceed
50000 as per 1991 census
Eligibility
Loan Amount
Margin
10% of the project cost
Assessment of Eligibility
Security
For loans upto Rs.0.50 lacs – only third party guarantee is required
Repayment
Maximum repayment period of upto 15 years with option to repay in
equated monthly/ quarterly/ half yearly/ yearly installments, decided
upon the merits of each case
Processing Charges
Move ahead in life with SBI Car Loans! If you have been putting off
purchasing that car, we invite you to go through our Car Loans scheme.
Well, what are you waiting for? Just step in to any of our branches (more
than 6000) that offer Car Loans or our Personal Banking Branches and
give wheels to your desire!
The Scheme
Purpose
You can take finance for
Eligibility
Salient Features
Loan Amount
There is no upper limit for the amount of a car loan. It is limited only by
your repaying capacity. A maximum loan amount of 2.5 times the net
annual income can be sanctioned. If married, your spouse’s income could
also be considered provided the spouse guarantees the loan The loan
amount includes finance for one-time road tax, registration and
insurance!
Documents Required
You would need to submit only the following documents along with the
completed application form if you are an existing SBI account holder:
If you are not an account holder with SBI you would also need to furnish
documents that establish your identity and give proof of residence.
Margin
Repayment
You enjoy the longest repayment period in the industry with us.
Repayment period for new vehicles: Maximum of 84 months
Interest
B. New Vehicles
2. Used Vehicles
Processing Fee
Security
Eligible Courses
Any other expenses required to complete the course like study tours,
project work etc.
Amount of Loan
Interest Rate
For loans upto Rs. 4 lakh 10.50% p.a.
For loans above Rs. 4 lakh 11.50% p.a.
Processing Fees
Repayment Tenure
Repayment will commence one year after completion of course or 6
months after securing a job, whichever is earlier.
Repayment
Place of
Loan Amount Period
Study
in Years
Up to Rs. 7.5 lacs 5-7
In India
Above Rs. 7.5 lacs 5-10
Up to Rs. 15 lacs 5-7
Abroad
Above Rs. 15 lacs 5-10
Security
Studies In
Amount Studies Abroad
India
Upto Rs. 4 lacs No Security No Security
Above Rs. 4 lacs to Rs. 7.50 Third Party
Third Party Guarantee
lacs Guarantee
Tangible
Above Rs. 7.50 lacs to Rs. 10 Tangible Collateral security of
Collateral
lacs(India)/ Rs. 15 suitable value of loan or third
security for full
lacs(Abroad) party guarantee
value of loan
Tangible Collateral security
Rs 15 lacs to Rs. 20 lacs ___
for full value of loan
Margin
Documentation Required
Valuation Report
[G] SCHOLAR LOANS:
If you are enrolled in any of the Elite Medical, best Engineering or top B-
Schools, State Bank of India has a tailor-made loan scheme to offer which
is christened as SBI SCHOLAR LOANS.
A dream come true! An ALL PURPOSE LOAN for anything that life throws
up at you!! Do you need funds for a Marriage ceremony, want to take
your family to a well-deserved holiday or for a sudden medical
emergency? You have some property, but would rather not sell it? Then
why not avail of this ALL PURPOSE LOAN from SBI? SBI now makes it
very much possible for you to only keep your property but also have
liquid funds.
Purpose
This is an all purpose loan, i.e., the loan can be obtained for any purpose
whatsoever.
Eligibility
You are eligible if you are:
a. An Employee or
b. A Professional, self-employed or an income tax assesse or
c. Engaged in agricultural and allied activities.
Salient Features
Loan Amount
Margin
We will finance upto 50% of the market value of your property.
Interest
LOANS AGAINST GOLD ORNAMENTS / IMMOVABLE PROPERTY/UNITS OF UTI
MUTUAL FUND (UTI-II)
Repayment
Maximum of 60 equated monthly instalments. You could opt to divert any
surplus funds towards prepayment of the loan without attracting any
penalty.
Security
The loan may be repaid over 2 years and will carry a low interest rate of
13.1%.
Eligibility:
All Central and State Government pensioners, whose pension accounts
are maintained by our branches. The pensioner should not be more than
70 years of age.
Purpose :
Loan Amount :
A maximum of 6 months pension with a ceiling of Rs.40,000/-
Margin :
Nil
Security :
The spouse eligible for family pension should guarantee the loan or any
other family member or a third party worth the loan amount.
Repayment :
24 Equated Monthly Installments (EMIs)
Rate of Interest :
1.85% above SBMTLR present rate being 13.1% p.a.
Authorised Branches :
All branches maintaining pension accounts. The facility is available only
from the branch which is maintaining pension of the applicant.
Do you need urgent cash but you don’t wish to sell or liquidate your
holding of shares?
D. speculative purposes
E. inter-corporate investments or
F. acquiring controlling interest in company/companies.
The Scheme
Eligibility
This facility is available to our existing individual customers enjoying a
strong relationship with SBI. This loan could be availed either singly or as
a joint account with spouse in ‘Either or Survivor’/ ‘Former or Survivor’
mode. It is offered as an Overdraft or Demand Loan.
Purpose
Loan Amount
Documents Required
Margin
Interest
Security:
Other Conditions
Coverage
Scheme is available at select branches at 50 centers.
(i) The equity shares and debentures offered as security should be fully
paid. Preference shares will not be acceptable as security
(ii) The shares/ debentures offered as security must be in demat form.
(iv) The market price of the security should not have fallen below par for
preceding 52 weeks.
(v) The market price of the security should not be as variance with the
arithmetical average of preceding 52 weeks high and low by more than
25% in downward direction.
(vii) The total number of shares of the company traded on NSE and BSE
should exceed 25000 on the day of financing and on each preceding 2
days.
(viii) Security where the market price 52 week high is 4 times of the 52
week low should not be accepted. (Information related to 52 weeks high
and low, P/E ratio and traded volumes in NSE and BSE is available in
Economic Times).
Rating
Repayment
Declaration
Transfer of shares
Shares/debentures will be transferred in the name of the Bank when
there is a default and the outstanding is over Rs.20 lacs.
Documentation
Security
Nature of loan
Scheme highlights
Eligibility
Rs.100,000.
90% of application money, or
10 times Net Monthly Income of the applicant
whichever is the least, subject to the following:
o One person can be financed only for one application at any point
of time
o In case of applications in more than one name, incomes of all the
applicants may be taken into account
Security
Repayment
In case of unsuccessful applicants – on receipt of refund from the
Housing Board/ Urban Development Authority.
In case of successful applicants – lump sum repayment of the loan
out of Housing Loan availed from us for purchase of house allotted
to you or for construction of house on the plot allotted.
No penalty for prepayment.
Rate of Interest
Processing Fee
Disbursement
Documents
SBI offers you the unique facility of Festival Loans to help you meet any
kind of festival related expenses.
No prepayment penalties.
Complete Transparency.
The Scheme
Purpose
Eligibility
Loan Amount:
Minimum : Rs.5000/-
Documents Required
Latest Salary Slip and Form 16, in the case of salaried persons IT returns
for the last two financial years, in the case of self employed individuals
and professionals
Margin: NIL
Interest:
9.50% p.a.
Repayment
You can repay the loan over a period of 12 months through Equated
Monthly Installments (EMI). Should you wish to deploy your surplus funds
towards prepayment of the loan, feel free to do so without any
prepayment penalty.
Security
Processing Fee
You need to pay only a nominal processing fee of Rs.100 for the loan
application.
[M] MEDI-PLUS SCHEME:
For spreading smiles and cheers on the faces of our customers…, we’ve
launched a new loan scheme keeping specialized medical treatments in
mind – a scheme that we call Medi Plus!
The Scheme
The Specialized Medical Treatments, not only do the cost implications run
into several lakhs of rupees, but more often than not, these liquid funds
also need to be generated at a very short notice, in order to be able to
make prompt hospital bill payments… With this in mind, Medi Plus is
specially designed to make life simpler for you under what could well be
trying circumstances.
You may avail of loans under the Medi Plus Scheme to cover the cost of
treatments such as:
Corneal Implant
Orthodontic Treatment (fixed tooth implant)
Ilazirav Technique of lengthening a limb
Congenital heart surgery
Angioplasty
Heart Valve Replacement Surgery
GIFT (in-vitro technique for child bearing)
Serious Accidents and Multiple Injuries Surgery
Hip and Knee Replacement Surgery
Coronary Artery Bypass/ Graft Surgery
Cochlear Implants (surgical) for the hearing impaired
Onco-Surgery upto Grade I
Reconstructive Nose Surgery with Face Lifting
Penile Implant Surgery
Artificial Limb Prosthesis
Purpose
Eligibility
You qualify to avail of loans under this scheme, if you are:
Loan Amount
Security
Repayment Period
Interest
Documentation
The Medi Plus Scheme is being offered at:
Corneal implant
Orthodontic treatment – fixed tooth implant
Ilazirav technique of lengthening a limb
Angioplasty
Congenital heart surgery
Heart Valve replacement surgery
GIFT – In-vitro technique for child bearing
Serious accidents and multiple injuries surgery
Coronary artery bypass graft surgery
Hip and knee replacement surgery
Cochlear implants (surgical) for the hearing impaired
Onco – surgery upto Grade I
Reconstructive nose surgery with facelifting
Penile implant surgery
Artificial limb prosthesis
Laser assisted hatching
Intra Cylasmic sperms injection
The Scheme
SBI recognizes the special position sanctioned for teachers in our society
and is proud to introduce Teacher Plus – a special scheme for teachers
placed under State and Central Governments as also under the deemed
universities. Through Teacher Plus, you can avail of concessions in the
rates of interest, processing charges and margin amounts in the following
schemes :
Personal Loan
Car Loan
Festival Loan
Housing Loan
Eligibility
This scheme is open for all teachers placed under State and Central
Governments as also under the deemed universities.
Documents Required
As applicable to Personal loan, Car loan, Festival loan and Housing loan
schemes.
For all those who are ready to lay down their lives for their motherland,
SBI is proud to offer Sainik Plus with special discounts on processing fees,
interest rates and margin amounts on various finance schemes. This is
available for all Non Commissioned Officers (NCOs) and Jawans of Indian
Army.
Through Sainik Plus, you can avail of concessions in the rates of interest,
processing charges and margin amounts in the following schemes :
Personal Loan
Festival Loan
Housing Loan
Eligibility
This scheme is open for all NCOs and Jawans of the Indian Army.
Documents Required
To avail of loans under the Sainik Plus scheme – you will need to submit
the following :
The scheme is a special Housing finance scheme for Hill/ Tribal areas of
North East India and areas around Chandigarh, Bhopal, Lucknow, Patna
and Bhubaneswar.
THE SCHEME
The Tribal Plus is a special to provide housing finance for Hill/Tribal areas
without mortgage of land.
Eligibility
Individual(s) over 21 years of age (but not more than 60 years)
who are permanent employees of Central or State Government or
Public Sector undertakings (PSU) or reputed private sector units and
have put in a minimum of 5 years service as Class I or Gazetted
Officers or 10 years for other grades.
Check-off facility should be available.
This scheme is open to tribals hailing from the hill states of North
East India and areas around Chandigarh, Bhopal, Lucknow, Patna,
and Bhubaneswar. They can avail this scheme from SBI branches in
these areas.
If they are not currently living in these areas, they can still avail of
the scheme for a housing loan to be used at their native village!
Salient Features
Loan Amount
The maximum loan amount will be calculated on the basis of 24 times the
net monthly income (NMI) of the applicant subject to a maximum of
Rs.5.0 lacs. The income of the spouse can also be considered for this
purpose provided he/she is a permanent employee of Government / PSU /
Private Sector unit and is willing to guarantee the loan.
Documents Required
Affidavit sworn by the applicant that he/she is the owner of the plot of
land.
Post-dated cheques representing monthly installments may also be taken
till the loan is liquidated.
Margin
Disbursement
Repayment Schedule
Eligibility
Housing Loan customers who have serviced the loan regularly for at least
one year and where Equitable Mortgage has been created.
Concession in Interest
Concession in Margin
Security
Insurance
Free accident insurance cover (to cover death only) is available in case of
Car Loan.
Name of scheme
Rent Plus
Nature of facility
Term Loan
Period of repayment
Eligible customer
Purpose
Quantum of finance
Max. Rs. 5 crore for properties located at Non-Metro Centers and Rs.
7.50 crores for properties located at Metro Centers. There will be no
differentiation on the basis of constitution of the applicant.
Margin
15%
Repayment
Equated Installment.
Prepayment
Rate of Interest
At SBMTLR.
Primary Security
Collateral Security
Insurance
The amount of insurance should cover the value of assets charged to the
Bank.
Applicability
TERMS OF SERVICE
General Information :
Bank’s Terms :
1. All requests received from the USERS are logged and
transmitted to the User’s Branch for their fulfillment. The requests
become effective from the time these are recorded/ registered at
the respective branch. While registering the request, the USER is
informed about the time normally taken by the Bank for fulfillment
such requests.
USER’s Obligations :
5. The USER must keep the user name and Password strictly
confidential and known only the himself/herself. It is a good
practice to commit the password to memory rather than write it
down somewhere. Bank will not be responsible for any loss
sustained by the USER due to breach of this condition.
6. The Bank presupposes that log-in using valid user name and
Password is a valid session initiated by none other than the USER to
whom the said user name and Password belongs.
NRE
NRE SB
Rate (% p.a.)
3.5 %
Interest rate for NRE SB deposit
NRE SB
Rate (% p.a.)
3.5 %
Interest rate for NRE SB deposit
FOREIGN CURRENCY NON-RESIDENT DEPOSITS (FCNR)
w.e.f. 1st July2006(% p.a.)
Reinvestment Plan
[7]AGRICULTURAL SEGMENT:
Repayable in 3
Repayable upto
Size of credit limit years
3 years
and above
Upto Rs. 50,000/- 8.5 % 9%
Over Rs. 50,000/- upto Rs.
9.5 % 9.75 %
2 lacs
Over Rs. 2 lacs upto Rs. 5
10.25 % 10.25 %
lacs
Over Rs. 5 lacs upto Rs. 25
11.25 % 11.75 %
lacs
Over Rs. 25 lacs based on 10.75 % to 12.25 11.25 % to
credit risk assessment % 12.75 %
[8]SME SEGMENT:
Rat Repayable in 3
Size of Credit limit
e years and above
1.25%
Upto Rs. 50,000 8.5 9.00
below SBAR
Above Rs. 50,000 to Rs. 2 0.25%
9.5 10.00
lakhs below SBAR
Above Rs. 2 lakhs to Rs. 5 10.2 0.50%
10.75
lakhs 5 above SBAR
Above Rs. 5 lakhs to Rs. 11.0 1.50%
11.75
25 lakhs 0 above SBAR
Above Rs. 25 lakhs based - 11.00 to -
on credit assessment 12.75%
Rat Repayable in 3
Size of Credit limit
e years and above
1.25%
Upto Rs. 50,000 8.5 9.00
below SBAR
Above Rs. 50,000 to Rs. 2 0.25%
9.5 10.00
lakhs below SBAR
Above Rs. 2 lakhs to Rs. 5 10.2 0.50%
10.75
lakhs 5 above SBAR
Above Rs. 5 lakhs to Rs. 11.0 1.50%
11.75
25 lakhs 0 above SBAR
Above Rs. 25 lakhs based 11.00 to
- -
on credit assessment 12.75%
Repayable in 3 years
Size of Credit limit Rate
and above
1.00% below
Upto Rs. 2 lakhs 9.25 9.25
SBAR
Above Rs. 2 lakhs to 10.2 0.50% above
10.75
Rs. 5 lakhs 5 SBAR
Above Rs. 5 lakhs to 11.0 1.50% above
11.75
Rs. 25 lakhs 0 SBAR
RENT PLUS
Repayable in 3
Size of Credit limit Rate
years and above
1.25%
Upto Rs. 50,000 8.5 9.00
below SBAR
Above Rs. 50,000 to Rs. 2 0.25%
9.5 10.00
lakhs below SBAR
Above Rs. 2 lakhs to Rs. 5 10.2 0.50%
10.75
lakhs 5 above SBAR
Above Rs. 5 lakhs to Rs. 25 11.0 1.50%
11.75
lakhs 0 above SBAR
Above Rs. 25 lakhs based 11.00 to
- -
on credit assessment 12.75%
AUTO LOAN
Repayable in 3 years
Size of Credit limit Rate
and above
1.25% below
Upto Rs. 50,000 8.50 9.00
SBAR
Above Rs. 50,000 to 0.25% below
9.00 9.50
Rs. 2 lakhs SBAR
Above Rs. 2 lakhs to 0.50% below
9.25 9.75
Rs. 5 lakhs SBAR
Above Rs. 5 lakhs to 10.2 1.50% above
10.75
Rs. 25 lakhs 5 SBAR
AUTO CLEAN
Rat
e
Cash credit & Term ( with monthly rest for a period of 7
7.25
loans years)
Uniform rate of (with interest rates being reset every 2
7.30
interest years)
Repayable in 3
Size of Credit limit Rate
years and above
1.25%
Upto Rs. 50,000 9.50 9.00
below SBAR
Above Rs. 50,000 to Rs. 2 0.25%
9.50 10.00
lakhs below SBAR
Above Rs. 2 lakhs to Rs. 5 10.2 0.50%
10.75
lakhs 5 above SBAR
Above Rs. 5 lakhs to Rs. 25 11.0 1.50%
11.75
lakhs 0 above SBAR
Above Rs. 25 lakhs based 11.00 to
- -
on credit assessment 12.75%
TRANSPORT PLUS
The Corporate Accounts Group is a Strategic Business Unit of the Bank set
up exclusively to fulfill the specialized banking needs of top corporates in
the country.
FY 2005 FY 2006
Operating Profit 60.78 91.27
Net Profit 46.51 69.55
Balance Sheet Size 9114 11960
(USD Mio)
Total Assets of Foreign Branches + Subsidiaries: $ 17 billion
As on Mar 06,
1. Operating Profit (Excl. Profit on sale of Invest & Dividend)
increased by17.83% Y-O-Y
AHMEDABAD E-mail:
(State of Gujarat & Union Territories of helpline.lhoahm@sbi.co.in
Daman and Dadra & Nagar Haveli) Toll free No. 1600-233-
General Manager 7933
State Bank of India, Grievance Cell Tel
Local Head Office, Bhadra, Ahmedabad- no.25510883 & 25506648
380 001 Fax no. (079) 25506648
[11] Conclusion :-