About State Bank Of India (SBI)

People affected due to Ayodhya Issues

2010-10-01T23:42:00.000+05:30

Due to Ayodhya Issue, the indian government stops all the bulk sms services, because of that not only the people doing sms marketing alone can affected. The ordinary peoples are also affted due to this actions. Because the bank networks use bulk sms concepts for their transaction purpose. While in the internet transactions the bank will send confirmation code to the customers mobile. For that they use bulk sms concepts. The governments should think before a action has been taken place.

CHARGES FOR NEFT

2010-10-01T23:37:00.000+05:30

Another dissatisfaction among the SBI customers is the amount collected for using NEFT facility to transfer the amount to other banks ( Banks Except SBI ) They collect Rs 5 additional to do a transaction, even though they collect extra amount, the amount trnsfer happened after one day. This creates some trobles among the SBI customers. In citi bank, they will not charge extra to do NEFT. so the SBI should look over other banks before they introduced some changes in their policies and procedure

SBI TRANSACTION CHARGES TROBULES THE CUSTOMERS

2010-10-01T23:19:00.000+05:30

In india SBI is the largest bank having high number of branches across the country. Lots of peoples across the country are the customers of SBI. Many number of transactions are happened in SBI. While considering the cash deposit, they debit Rs 25 as the transaction charges. This schme trubles the account holders. While in KVB they collect the transaction amount from the depositor itself. but in SBI they debit the transaction charges from the account holder. SBI should consider this and they must remodify their polocies to satisfy it's customers.

ATMs AT TRICHY

2009-08-06T17:53:00.000+05:30

State Bank of India opened many ATMs at trichy. Recently it has opened the ATMs at the following centres.

1. Thillai Nagar Main Road, Trichy
2. Chattiram Bus Stand, Periasamy Towers, Trichy
3. Tamil Sangam Building, W B Road, Trichy

NEW RECRUITMENT IN SBI

2009-08-06T17:47:00.001+05:30

State Bank of India (SBI) planned to recurit staff this year also in various cadres. From clerical to Middle Management Grade Scale II in various offices and branches. Recuriting of officers in the grade II is from the campus interview at various Busienss schools all over the India. Candidaites who are interested to persue a career in Banking Industry particulars in SBI can be prepared for examinations

SSI EQUITY FUND SCHEME

2008-10-12T20:14:00.000+05:30

Under the Equity Fund scheme, the SBI grants financial assistance to entrepreneurs who are not able to meet their share of equity fully, by way of interest-free loans repayable over a long period.
This type of assistance fills in the gap between the margin requirements in the project and the capital contributed by the promoter. The Equity Fund assistance can be normally repaid over 5 to 7 years after the moratorium period.

FAQs

Q. What are the eligibility criteria for the Equity Fund scheme?

A. SBI extends Equity Fund assistance only to new projects, which are also eligible for the SBI’s Liberalized scheme and the Entrepreneur scheme. The project cost has to be more than Rs 25,000.

Q. What type of security is required for the equity fund assistance?

A. Security available for other loans should be extended to cover equity assistance also.

SSI ENTREPRENEUR SCHEME

2008-10-12T20:10:00.000+05:30

State Bank of India grants financial assistance to technically qualified, trained and experienced entrepreneurs for setting up new viable industrial projects.
Loans are extended to technocrats who are unable to meet the normal margin requirements under the liberalized schemes.

FAQs

Q. What are the eligibility criteria for the Entrepreneur scheme?

A.The borrower has to be a technically qualified person (a degree/diploma holder in engineering or technology), a craftsman with adequate experience or training or a person possessing a degree in business or industrial management, a chartered accountant or a cost accountant with relevant experience.

Q. What are the types of financial assistance under the Entrepreneur scheme?

A. The bank provides:
term loans, working capital and equity fund finance

Q.What are the margins applicable?

A. For requirements up to Rs 5 lakh, no margins are involved. For needs ranging from Rs 5 lakh to Rs 20 lakh, the margin is set at 10 per cent.

SSI LIBERALIZED CREDIT FOR SSI

2008-10-12T20:07:00.000+05:30

State Bank of India extends production-linked credit facilities to small-scale industries, ancillary industrial units and village and cottage industrial units on liberal terms and conditions.
Under this scheme, the quantum of advances is not linked to the security furnished, but the genuine requirements of the unit.
The pricing of the loan is based on credit assessment, and the units with strong ratings may be given finer rates.
No collateral security is required for loans up to Rs 5 lakh.

Composite term loans can be sanctioned up to Rs 25 lakh combining term loan and working capital.

FAQs

Q. What are the types of financial assistance under the Liberalized scheme?

A. The Liberalized scheme offers a range of financial products including the following: Term loans for acquisition of fixed assets Working capital loans financing current assets Letter of credit for acquisition of machinery and purchase of raw materials Bank guarantee in lieu of security deposits to be made with government department/other departments for execution of orders. Deferred payment guarantees for purchase of machinery on deferred payment basis. Bill facility for purchase of raw materials and for sale of finished goods. Composite loans (term loans plus working capital) up to Rs 25 lakh.

Q.What are the margins applicable?

A. For requirements up to Rs 25,000, no margins are involved. For limits ranging from Rs 25,000 to Rs 5 crore, the margin is set at 20 per cent.
For credit limits above Rs 5 crore, a 25 per cent margin may be applied.

SSI GENERAL PURPOSE TERM LOANS

2008-10-12T20:00:00.000+05:30

State Bank of India grants term loans to small scale industries for meeting general commercial purposes like substitution of high cost debt,research and development, shoring up net worth and funding business expansion.
The tenor of the loan is normally is 3 years, and the pricing is fine-tuned to suit the risk profile of the borrower. The repayment is structured in monthly or quarterly installments, according to the cash generation cycle.

FAQs

What are the eligibility criteria for these term loans?

The SSI unit that takes the loan should not have any history of defaults in payment of interest or installments of the principal. The unit should have a strong performance record and a respectable credit rating as per the bank’s own credit assessment scales ( In case of loan above Rs. 25 lakhs ) .

What is the type of security/guarantee required for the loan?

Extension of hypothecation charge over the current assets and fixed assets is required as primary security. Further, the borrower whose aggregate loans with the Bank exceed Rs 5 lakh may explore the possibility of collateralizing tangible security such as immovable property and third party guarantee. In all cases, personal guarantees of proprietors/partners/promoters have to be furnished.

What are the margins applicable?

A minimum margin of 25 per cent is applicable for acquisition of land and building, building construction, renovation of offices, showrooms, godowns, purchase of equipment, vehicles etc. In other words, the quantum of the loan will be restricted to 75 per cent of the total expenditure.

OPENING OF NEW BRANCHES

2008-10-12T19:52:00.000+05:30

State Bank of India planned to open new branches in and around Tiruchirapalli. The expected place of opening of new branches as follows:

1. No.1 Toll Gate,
2. Siruganur, Chennai Road, Trichy
3. Thiruvanaikoil
4. Thillai Nagar,
5. Ariyamangalam

It has opened new branches in Srinivasa Nagar, Kumaran Nagar, Khajamalai, Bharathidasan Uniersity, Edamalaipatti pudur. It is more convenient for the people those who are residing in the above area. Because of the branch expansion SBI going to open some more new branches in Tiruchirapalli Dist.

NEW STATE BANK ATM CENTER LAUNCH IN TRICHY-SINGARATHOPE

2008-10-11T21:55:00.000+05:30

A New State Bank Of India ATM center will be lanuched in trichy singarathope.
For past year there is no state bank ATM center near singarathope circumference.
Singarathope is a very rush crowded area.More than 10000 peoples are croses every day.But no ATM centerts near to singarathope.peoples are affected lot. They only take money from ATM Center in PERIASWAMY TOWERS CHATHIRAM BUS STAND Although there is many ATM centers in trichy . And state bank of travancoru ATM Center near SRC College in Butterworth road. Now they launch a new ATM branch in the Tamil Sangam Building trichy. The branch will be started soon.May be after Diwali.

1 B D UNIVERSITY TRICHY,
BHARATIDASAN UNIVERSITY,
PALKALAI PERUR SURIYUR,
TRICHY, TAMIL NADU - 620024

2 HE KAILASAPURAM TRICHY,
PB NO.3
KAILASAPURAM PO,
HEAVY ELEC KAILASAPURAM,
TRICHY, TAMIL NADU - 620014

3 MELACHINTAMANI TRICHY-ATM#CD,
PERIASAMY TOWERS ,
31 KALIAMMAN KOIL STREET,
TRICHY,
TAMIL NADU - 620002

4 MICR BRANCH TRICHY,
SBI MICR BR AASHA ARCADE ,
73-PROMANANDE ROAD TRICHY,
TRICHY,
TAMIL NADU - 62001

5 MISSION HOSPITAL WORAIYUR,
8/1 A-ST.PAUL CHURCH COMP,
MISSION HOSPITAL ROAD,
TRICHY, TAMIL NADU - 620003

6 TENNUR TRICHY,
NO. 24-BABA TOWERS,
TENNUR HIGH ROAD TENNUR,
TRICHY,
TAMIL NADU - 620017

7 THILLAI NAGAR TRICHY,
19 THILLAI NAGAR MAIN RD,
THILLAI NAGAR ,
TRICHY,
TAMIL NADU - 620019

8 BIG BAZAAR STREET TRICHY TOWN,
194-BIG BAZAAR STREET ,
SMJ ENCLAVE TRICHY-620008,
TRICHY,
TAMIL NADU - 620002

9 R E C TRICHY,
PB NO.E R E C CAMPUS,
REC POST ,
TIRUCHIRAPALLI,
TAMIL NADU - 620015

10 PB NO.21 ,
MCDONALDS ROAD ,
TIRUCHIRAPALLI,
TAMIL NADU - 620001

11.State Bank Of India Puthur ,
Trichy . 620017

12.State Bank Of India Srirangam ,
Trichy . 620006

13.state bank of travancoru
Near SRC College,

14.state bank of travancoru
Near Thailla Silks

SBI Clerk Interview Tips

2008-10-08T22:31:00.000+05:30

Entering the room

Prior to the entering the door, adjust your attire so that it falls well. Before entering enquire by saying, “May I come in sir/madam”. If the door was closed before you entered, make sure you shut the door behind you softly. Face the panel and confidently say ‘Good day sir/madam’. If the members of the interview board want to shake hands, then offer a firm grip first maintaining eye contact and a smile. Seek permission to sit down. If the interviewers are standing, wait for them to sit down first before sitting. An alert interviewee would diffuse the tense situation with light-hearted humor and immediately set rapport with the interviewers.

Enthusiasm

The interviewer normally pays more attention if you display an enthusiasm in whatever you say. This enthusiasm come across in the energetic way you put forward your ideas. You should maintain a cheerful disposition throughout the interview, i.e. a pleasant countenance hold s the interviewers interest.

Humor

A little humor or wit thrown in the discussion occasionally enables the interviewers to look at the pleasant side of your personality,. If it does not come naturally do not contrive it. By injecting humor in the situation doesn’t mean that you should keep telling jokes. It means to make a passing comment that, perhaps, makes the interviewer smile.

Eye contact

You must maintain eye contact with the panel, right through the interview. This shows your self-confidence and honesty. Many interviewees while answering, tend to look away. This conveys you are concealing your own anxiety, fear and lack of confidence.Maintaining an eye contact is a difficult process. As the circumstances in an interview are different, the value of eye contact is tremendous in making a personal impact.

Be natural

Many interviewees adopt a stance which is not their natural self. It is amusing for interviewers when a candidate launches into an accent which he or she cannot sustain consistently through the interview or adopt mannerisms that are inconsistent with his/her personality. Interviewers appreciate a natural person rather than an actor. It is best for you to talk in natural manner because then you appear genuine.

How can I transfer money from one SBI account to another SBI account?

2008-10-08T00:54:00.000+05:30

In Core Banking, you can deposit the cheque at any of the SBI branch and the money will be transferred from one SBI account to another SBI account immediately. You can have Internet Banking facility to transfer money from your account to other account. For this you should have the internet banking user kit. For this you cantact your branch where you are maintaining the acccount.

TRADERS EASY LOAN SCHEME

2008-10-07T22:59:00.001+05:30

This scheme is launched by SBI to provide hassle free loan to Traders. Any business man/ entrepreneur/ Professional and self employed person can avail this loan. Loan under the scheme can be availed to meet normal business requirements and is sanctioned against equitable mortgage of property. Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is acceptable. Agriculture property or property outside urban limits is not accepted.

The advance can be availed by way of Loan or Cash Credit limit. It can also be availed for Non Fund Based requirements (for issuance of Bank guarantees or LCs). Cash Credit limit or non fund based limit is renewable every 12 mths.Loan can be repaid in monthly or quarterly, even half yearly installments - as may be suitable to the borrower – in a period upto 5 years.

Minimum and maximum amount of loan is Rs 25,000/- and Rs 5.00 Crore.
Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property or the business requirement- whichever is less. Business requirement is assessed on the basis of projected business turnover. Interest at floating rate is charged at monthly intervals on daily reducing balance.
No Third party guarantee is required to avail the loan.

Frequently asked Questions

1. What is this Scheme?
· The Scheme is to provide loan to the Traders/ professionals/ entrepreneurs etc for their business needs on easy terms against property.

2. Who can take this loan?
· Any business man/ entrepreneur/ Professional and self employed person can take loan under the scheme

3. What is the amount of loan?
· The amount of loan is Minimum Rs 25,000/-and Maximum Rs 5.00 Crore

4 What type of property is accepted?
· Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is accepted. Agriculture property or property outside urban limits is not accepted

5 What is the margin? How much loan is given?
· The Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property. However, if business requirements are less, the lower of the two amounts will be sanctioned.

6 How is business requirement calculated?
· It is based on projected business turnover.

7 What is the interest rate? Is it floating or fixed rate?
· The interest rate in linked to SBAR. It would increase/ decease with changes in SBAR (floating rate). For cash credit it is 0.25% below SBAR and for term loans 0.25% above SBAR. Presently it is 13% for term loan and 12.50% for the Cash Credit limit based on present SBAR of 12.75%

8 What is the method of calculating interest?
· Interest is calculated and applied monthly on daily reducing balance

9 Can I get Cash Credit limit also? Can I get Guarantee/ LC limits also?
· Yes.

10 Is there any processing charges?
· Yes.1% of the loan amount.

11 What is the repayment period?
· In case of Cash Credit it is reviewed by the Bank every 12 mths. Term loan is to be repaid in maximum 5 yrs.

12 Whether repayment is monthly or quarterly?
· It can be monthly, quarterly, even half yearly depending upon the requirement of the borrower.

13 Is there any guarantor required for the loan?
· NO. If property is owned by somebody else, than only owners’ guarantee is required.

14 Whether I will have to take insurance of the property?
· Yes.

15 I have a loan account with other bank. Can I shift this to SBI under this scheme?
· Yes.

16 What documents I would have to submit
· Usual documents for identification and copy of the latest balance sheet, last income tax return etc and Advocate’s search report, title certificate and valuation certificate of the property that are normally required for creation of mortgage.

SURABHI DEPOSIT SCHEME

2008-10-07T22:54:00.000+05:30

SBI- SURABHI DEPOSIT

A new Savings Bank / Current Account product,introduced by L&TP Department of SMEBU, launched at all the Core Banking Branches of the Bank to cover non-individual customers like Corporates, Institutions, Trusts, PF Funds etc who have surplus funds for investments, but at the same time need the convenience of liquidity. This is a value added savings Bank account (for those who are permitted to open SB account)/current account with sweep and reverse sweep option.

Surplus funds over athreshold limit (Minimum – Rs. 50,000/-) with an initial deposit of Rs.10,000/- and in multiples of Rs.1,000/- in any one instance, is automatically swept (auto-sweep)to CLTD (Corporate Liquid Term Deposit)Customer has the flexibility to choose the period of deposit from 1 year to 3 years.Rate of Interest for CLTD will be the card rate applicable for the contracted tenure of the deposit.No differential rate of interest is applicable.Minimum Amount of deposit to be maintained for Current Account is Rs.10,000/- and for SB account is Rs.1000/-Whenever any cheque is presented by the customer, in case of inadequate balance in the savings / current account for payment of the cheque, the shortfall amount is broken in ‘last in first out’ basis from the CLTD and the cheque is honoured, without any hassle to the customer, through reverse sweep facility. At present this is available only for withdrawal through cheques, later the facility will be available for withdrawal through ATM cards also.No Loan /Overdraft Facility is available under the Scheme.Rules applicable for premature withdrawal for fixed deposit are applicable for the part amount of deposit broken for withdrawal, through reverse sweep.Usual formalities applicable for opening SB accounts/Current accounts, including KYC procedure, are applicable for opening accounts under the Scheme.

COMMODITY BACKED WAREHOUSE RECEIPT FINANCING

2008-10-07T22:47:00.000+05:30

Purpose:
To finance traders/owners of goods against warehouse receipts of warehouses managed by Central Warehousing Corporations/ State Warehousing Corporation and warehouse accredited by MCX by way of Demand Loan/Cash Credit

Eligibility:
Any trader dealing in commodities

Eligible Amount of Finance:
Demand Loan: 75 % of the value of the warehouse receipt, valued at the market value OR 80% of the minimum support price declared by State/Central GovernmentWhichever is lower.
Cash Credit: 70 % of the value of the warehouse receipt, valued at the market value OR 75% of the minimum support price declared by State/Central Government, whichever is lower

Processing charges:
Cash Credit: Rs.300/- per lac for the facility sanctioned
Demand Loan: Nil where loan is sanctioned and disbursed. Rs. 300 per lac in case the loan is sanctioned but the borrower does not avail.

Margin:
Demand Loan: 25% (minimum) of the value of the warehouse receipt, valued at the market value OR 20% (minimum) of the minimum support price declared by State/Central Government, whichever is higher
Cash Credit: 30% (minimum) of the value of the warehouse receipt, valued at the market value OR 25% (minimum) of the minimum support price declared by State/Central Government, whichever is higher

Insurance:
Comprehensive InsuranceInsurance cost to be borne by the warehouse receipt owner.

Security:
PrimaryCharge over warehouse receipt (resulting in charge over underlying goods), with lien marked in favour of the bank.
CollateralPersonal guarantee of partners or directors as the case may be.

Repayment:
Demand Loan: The loan should be liquidated as and when the produce is sold during the interim period not exceeding 12 months.
Cash Credit: Repayable on demand. To be brought to credit balance and DP made Nil/reduced when the quality certificate expires.

Others:
a) The Warehouse receipt should be duly marked lien in favour of the bank
b) The Branch should verify the authenticity of the warehouse receipt and get its lien noted with the warehouse before disbursal of the demand loan/ CC facility.
c) The margin shall be topped up on a fortnightly basis. However, it should be topped up immediately in case the price of commodity moves by more than 10%, in opposite direction, since last top up.
d) CC Limits and operating account will be different for different commodities handled by the same trader/customer. Interchangeability in limits can be offered, if required.

MODEL QUESTION PAPER FOR SBI PO EXAM -Section 3 QUANTITATIVE APTITUDE

2008-10-06T22:52:00.000+05:30

DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
101. If the persons A and B have incomes in the ratio 7 : 5 and
expenditures in the ratio 3 : 2 and each one of them saves Rs R, then,
the income of A is:

(1) 14R (2) 7R (3) (7/2)R (4)R/2 (5) None of these

102. If x + a is a factor of x3 + ax2 – 2x + a + 4, then a equals:

(1) 2/5 (2) -4 (3) -4/3 (4) 2/3 (5) Cannot be solved

103. At 7 : 55 a.m. a police jeep started chasing a stolen car
running at 85 km/hr ahead of it by 5 km. At what time will the police jeep
overtake the stolen car, if its speed is 100 km/hr?
(1) 8 : 30 a.m.
(2) 8 : 20 a.m.
(3) 8 : 25 a.m.
(4) 8 : 15 a.m.
(5) 9 : 00 a.m.

104. It takes the same time to go 20 km downstream as it takes
to go 12 km upstream. If the speed of the boat used is 8 km/hr in still
water, the speed of the stream (in km/hr) is:
(1) 4 (2)1 (3)0
(4) 3 (5)2

105. Ravi and Dev have an age ratio of 15 : 8, which will be 5 : 3
in 10 years time. Their present ages (in years) are:
(1) 15, 8 (2) 30, 16 (3) 45, 24
(4) 60, 32 (5) 75, 40

Directions (Qs. 106-108): Each of the following questions has
two equations on the basis of which you have to find the relation
between a and b. Provide the answers as:
106. I: a2 – 10a + 25 = 0.
II: 300% of 60% + 10% of 32 = b.

107. I: a2 – 3a – 18 = 0.
II: b2 + 6b + 9 = 0
108.
Directions (Qs. 109-110): Find the approximate value of x
109. x = log10 160 (given log10 2 = 0.3010).
(1) 2.5 (2) 2.2 (3) 2.4
(4) 2.1 (5) 2.8
110. 2 sin2 x – cos x + 4 = 0
Directions (Qs. 111-115): In these questions, each question is
followed by two statements. On the basis of the question asked
and the given statements, you have to decide whether the data
is/are sufficient to answer the question. Give answer as:
(1) if the data in statement I alone is sufficient, while not in II alone
(2) if the data in statement II alone is sufficient, while I alone is not
(3) if the data in either statement I alone or II alone is sufficient
(4) if the data in both statements together is not sufficient
(5) if the data in both statements I and II are needed together

111. How many straight lines can be formed from 6 points in a
plane?
Statement I: 4 points are collinear.
Statement II: 3 points are collinear.

112. What is the probability that Ravi and Dev contradict a given
statement?
Statement I: Ravi speaks truth in 60% cases.
Statement II: Dev speaks truth in 50% cases.

113. The simple interest on a certain sum of money for 2 years is
Rs 260. Find the sum.
Statement I: The sum amounts to Rs 5590 in 3 years and Rs 5850
in 5 years.
Statement II: The sum is doubled in 40 years.

114. Is the two-digit number N divisible by 18?
Statement I: When N is multiplied with 3, the result is a 3-digit
number.
Statement II: When N is divided by 3, the remainder is 1.

115. A boat goes upstream and then returns downstream. What
is the total distance?
Statement I: Upstream speed is 4 km/hr and downstream speed is
8 km/hr.
Statement II: Average speed is

116. The value of x in the inequality 2x2 – x + 15 <>117. What should be the value of the question mark:

118. 2 rice varieties costing Rs 25 per kg and Rs 35 per kg were
mixed as 2 : 3 and sold so as to gain 20%. What was the SP of the
mixture (Rs/kg)?
(1) 37.2 (2) 28.6 (3) 30
(4) 32 (5) 40.5

119. A huge jar contains 2 liquids A and B in the ratio 7 : 4.When
12 litres of mixture is removed and replaced by B, the ratio now
becomes 4 : 7. The capacity of the vessel (in litres) is:
(1) 120 (2) 240 (3) 280
(4) 300 (5) 560

120. If the difference between CI and SI on Rs 1 lakh was Rs 36
in 2 years, the rate of yearly interest is:

121. Toffees are bought at 4 for a rupee and the same number at
6 for a rupee. Then, they are mixed and sold at 5 per rupee. What is the
net profit or loss?
(1) 2% loss
(2) 10% profit
(3) no profit or loss
(4) 4% loss
(5) None of these

122. How many triangles can be obtained from 5 coplanar
points? (No 3 points are collinear).
(1) 5 (2) 3 (3) 10
(4) 20 (5) 8

123. If the chances that Sonu, Monu, Mahesh can solve a
problem are what is the probability that given problem can be
solved if they all try?
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS

e - INVEST

2008-10-06T22:01:00.000+05:30

IPO-APPLICATIONS SUPPORTED BY BLOCKED ACCOUNTS

SBI has brought a new hassle free solution for investment in IPO called e-Invest. Under the instruction of SEBI Bank has introduced this supplementary process for applying in public issue. Unlike the current system of applying in IPO issues, under e-Invest your funds are not blocked unproductively with application money till the finalization of the bid but will continue earning interest for the application processing period. Bank will mark a lien on the deposit account of the investor to the extent of the application money till the time application is rejected or withdrawn. Lien will be unmarked immediately after knowing the fate of the application. If bid is successful lien will be unmarked and the amount of application money will be transferred to the issuer according to the instruction of the Registrar of the issue.

An Investor can apply under e-Invest if he fulfills following criterion:

He/ She is a “Resident Retail Individual Investor”,
He/ She is bidding at cut-off, with single options as to the number of shares bid for,
He/ She has agreed not to revise his/ her bid,
He/ She is not bidding under any of the reserved categories,
He/ She has sufficient clear balance in his/her Saving Bank or Current account (with SBI) for application money. (In due course it will be extended to amount held in Term deposit)

MULTI - CITY CHEQUES (MCC)

2008-10-06T21:47:00.000+05:30

Personal Segment:

A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank. MCC can be issued in cheque operated accounts (SB and Current), in addition to normal cheque books. The MCC facility is to be used only for genuine transactions / bonafide remittances. No cash payments will be made to third parties at other branches. The upper limit for issue of MCCs is Rs.2 lacs. The issue charges for MCC are Rs. 3 per cheque leaf and will be debited from the account at the time of issue of the cheque book. There are no transaction charges.

MAGNETIC INK CHARACTER RECOGNITION (MICR)

2008-10-06T21:44:00.000+05:30

In MICR technology the information is printed on the instrument with a special type of ink which is made up of magnetic material. On insertion of the instrument in the machine, the printed information is read by the machine. MICR system is beneficial as it minimizes chances of error, clearing of cheques becomes easy and transfer of funds becomes faster in order to facilitate operations.

SBI VISHWA YATRA FOREIGN TRAVEL CARD

2008-10-06T21:38:00.000+05:30

SBI Vishwa Yatra foreign Travel Card (FTC), a prepaid plastic card issued in association with VISA International, is presently available in three different currencies - US Dollars, Euro and GBP. It is a safer method of carrying funds in a safe, convenient and cost effective way on your visit abroad. It takes away the hassles of going around Money changers and loosing valuable foreign currency by way of high exchange margins. It also relieves the customer of the Annual fees, joining fees, credit limits, Mark-ups, unusual transaction charges etc., usually associated with International Debit / Credit Cards

THE CARD:

·A Pre-paid card presently available in US Dollar, EURO and GBP Currencies
·Issued in association with VISA International.
·Accepted at 924,000 VISA ATMs and at over 22 Million Merchant Establishment(MEs) approximately, all over the world except in India, Nepal and Bhutan.
·Available at all Branches authorized to sell Foreign currency / travelers cheques

ELIGIBILITY:
·Any bonafide citizen of India who plans to travel abroad except Nepal and Bhutan.
·Corporates for their employees whom they plan to send abroad for official purpose subject to completion of KYC norms.
·Parents / sponsors of the students going abroad for higher studies, in the student’s name and can be subsequently reloaded up to the statutory ceiling prescribed from time to time.
·Foreign Nationals residing in India subject to completion of KYC norms

FEATURES:

·Minimum amount of issue: US Dollars 500 /400 Euros / 250 GBP
·Maximum amount of issue: US Dollars 10,000 or equivalent / or any higher amount
as prescribed RBI/FEMA 1999 depending on the purpose of overseas visit
·Competitive exchange rates.
·Reloadable any number of times from any branch authroised to issue FTC.
·SMS message on your Mobile phone for each transaction
·Operatable by 4 digit PIN at ATMs and by PIN/Signature at Merchant Establishments.
·Free balance enquiry at SBI / VISA ATMs(at a charge)
·Free balance enquiry and view / download details of transactions through prepaidsbi .com
·Add-on cards not exceeding two in number to be used by the card holder in case of loss/misplacement/defacement of the card
·Balance information after each transaction through SMS
·A 24 x 7 call centre to provide information and hot-list (block) the card in case of loss / misplacement.

DOCUMENTS

·Copies of Pass port
·Form A2
·PAN or Form 60 in lieu thereof
·Proof of residence in case the address is different from that appearing on passport

eZ - PAY CARD

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Payment of salaries to employees who will be required to work at different locations is generally a difficult proposition for Employers as a single Banking arrangement can not be made for all employees. The SBI eZ-Pay card , a prepaid plastic card issued in Indian Rupees in association with VISA international, is the right solution in such cases. Periodical payments like salary, payment of TA/ Medical/ incentives etc. can be loaded on to the card from a single point and the funds are available to the employees immediately.

The SBI eZ-Pay card is a Pre-paid ATM-cum-Debit card usable at all VISA-enabled ATMs through PIN and at Merchant establishments/ Point of Sale through PIN/ Signature, in India, Nepal & Bhutan. The cardholder need not visit any Branch to withdraw his money. Balance enquiry can be made either through ATM or through Internet free of charge.

Currency of Issue

Indian Rupees

Documentation

All the eZ-Pay cards can be issued centrally with minimum documentation to fulfill the KYC guidelines. The Employer only needs to certify as to the bonafides/ identity/ proof of residence and submit a copy of the photo identity card alongwith other required information.

Personalised Cards

The cards are issued as personalized cards only.

Reload

* The SBI eZ-Pay card is a re-loadable card and may be re-loaded any number of times. Periodical allowances like TA, Conveyance, Bonus and reimbursement of miscellaneous expenses which are regular in nature, can also be paid into these cards.
* Maximum amount of reload Rs.50,000.00* per month per employee
* Minimum reload Rs.100 per reload

Daily Transaction Limits

* Unlimited Free cash withdrawals at SBI (Group) ATMS
* Withdrawals at ATMs with Bilateral arrangement and other VISA enabled ATMs at a nominal charge
* Merchant/ Point of Sale Transactions – Upto a maximum of Rs.25000/- per day. This limit is in addition to Cash Withdrawal limit of Rs.15000/- per day
* Balance enquiry at SBI ATMs free of cost and at a nominal cost at other VISA enabled ATMs
* Free online access to statement of account through Internet

Card Validity

The card is valid for 10 years. The expiry date is pre-printed on the cards.

SBI YUVA CARD

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SBI Yuva Card is an International Debit Card on VISA platform, exclusively designed for vibrant youth of India between 18-30 years of Age. The card can be used at ATMs for cash withdrawal at all ATMs under bilateral arrangement. It can be used for dining, shopping and traveling at POS/MEs. This Card is available in all branches free of cost. You can not only draw cash at ATM but also swipe it for. This card is PIN based on ATM and signature based at POS/MEs. This card can ‘be used for e-commerce i.e. for shopping through internet by using VbV (Verified by VISA) certified internet websites. Funds can also be transferred using VISA Monet Transfer facility. Using our ATMs, card holder can also transfer funds to other VISA Debit/ Credit Cards issued by the Bank or any other Bank.

SALIENT FEATURES OF SBI YUVA DEBIT CARD

1. Main Eligibility
All Saving Bank and Current Account holders having account at CBS branches, in the age group of 18-30 years and holding account either in their sole name or jointly with their parents/ spouse with mode of operation " Either or Survivor"/ Anyone or Survivor will be eligible to apply for this card.
2. Daily Cash Withdrawal Limit
Minimum Rs.100 and Maximum Rs.50,000 / Overseas US $1000

3. Daily purchase limit at Merchant Establishments/Point of Sales/Internet Merchant Establishments
Rs. 2,00,000.00/ Overseas US$ 4000

4. Mode of Operation
PIN on ATM, Signature at ME/POS and Verified by Visa password on Internet Merchant Establishments

5. Annual maintenance Fee
NIL

6. Complementary Insurance
Rs.2 lacs (accidental death only) and Rs. 5,000 on purchase protection

7. Loyalty Points
One loyalty point equivalent to Rs.0.25 for every purchase of Rs.100 at POS. The loyalty points earned by the card holder, subject to a minimum 100 points, may be converted into monetary figures and credited back to the account at the end of every calendar quarter.

8. Cash Withdrawal & balance enquiry fee other than SBI ATMs
Cash Withdrawal-Free at SBI ATMs and ATMs under Bilateral arrangements and Rs. 20 on others ATMs with VISA logo Balance Enquiry- Free at all above ATMs.

9. Concessions
50% concessions on processing charges on loans 50% concessions on Demat A/C charges 25 basis point concessions in interest rates on Education, Housing and Vehicle loans to the card holders who maintain their salary / revenue accounts with us.

10. Validity of the Card
10 Years from the date of issue

11. Visa Money Transfer (VMT)
Transfer of money from any ATM Debit Card issued by the bank to another VISA ATM Debit / credit card issued in India by the Bank / other Banks using their ATM PIN at ATMs & Active INB users through www . onlinesbi . com using their ID and password upto Rs. 50,000.00 per transaction.
*The charges applicable are Rs. 20.00 + service charge per transaction.

12. Verified by Visa (VbV)
By registering to the facility the card holders can securely carryout ecommerce transactions on VbV enabled websites. It is mandatory for the Card holders to register for the facility for carrying out e-commerce transactions on VbV enabled Internet merchants.

13. Other facilities
Can undertake transactions through internet for ticketing, e- commerce. Visa Bill pay, Mobile Top Up, Virtual cards solution for e-commerce and wide range of Discount on shopping, entertainment and leisure, and purchase etc. on use of Yuva Cards.

Note: * Charges on all funds transfer through Internet have been waived till 31.3.2009

GIFT CARDS

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Presenting Gifts to Employees is an integral and unique culture in India. Traditionally, gifts have been given to employees in the form of cash or kind. With the advancement of Banking, Gift Cheques were introduced, allowing the employees to use the money according to their wishes. These cheques, however, are accepted at the issuing bank branches only. The SBI Gift Card, issued in association with VISA International, is one such product which gives the comfort of convenience and wide acceptability.

Gift Card is a Pre-paid Plastic Card supported by Magnetic-strip based technology. It is usable at all VISA enabled Merchant Establishments and POS by signature/ PIN. It is a perfect substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale.

Currency of Issue
Indian Rupees

Documentation

For Individuals: Basic KYC norms will be completed
For Corporates: The corporate will just give a list of the beneficiaries and the cards will be issued

Issue of Cards

* SBI Gift cards are available at all Branches on Core Banking Solution
* Gift Cards are issued for a minimum of Rs.500/- and thereafter in multiples of Rs.100 subject to a maximum of Rs.20,000/-

Personalised Cards

The card can also be personalized, upon request by the Corporates for Bulk Issue.

Daily Transaction Limit

* Point of Sales Transactions – No Limit
* Balance enquiry can be done through SBI ATMs/ through Internet free of cost
* Account Statement can be viewed/ printed through Internet free of cost

Card Validity

* The expiry date is pre-printed on the cards

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