[2010]

[Assets and Liability of SBI]

EQUITY
 Introduction
State Bank of India (SBI) (BSE: 500112, LSE: SBID) is the largest state-
owned banking and financial services company in India, by almost every
parameter - revenues, profits, assets, market capitalization, etc. The bank traces
its ancestry to British India, through the Imperial Bank of India, to the founding
in 1806 of the Bank of Calcutta, making it the oldest commercial bank in
the Indian Subcontinent. Bank of Madras merged into the other two presidency
banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India,
which in turn became State Bank of India. The Government of
India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of
India taking a 60% stake, and renamed it the State Bank of India. In 2008, the
Government took over the stake held by the Reserve Bank of India.
SBI provides a range of banking products through its vast network of branches
in India and overseas, including products aimed at NRIs. The State Bank Group,
with over 16,000 branches, has the largest banking branch network in India.
With an asset base of $352 billion and $285 billion in deposits, it is a regional
banking behemoth. It has a market share among Indian commercial banks of
about 20% in deposits and advances, and SBI accounts for almost one-fifth of
the nation's loans.
SBI has tried to reduce over-staffing by computerizing operations and "golden
handshake" schemes that led to a flight of its best and brightest managers. These
managers took the retirement allowances and then went on to become senior
managers in new private sector banks.
The State bank of India is the 29th most reputed company in the world
according to Forbes. Also SBI is the only bank to get featured in coveted 'top 10
brands of India' list in an annual survey conducted by Brand Finance and The
Economic Times in 2010.
LIABILITY
One of the most important functions of any commercial bank is to accept
deposits from the public, basically for the purpose of lending. Deposits from the
public are the principal sources of funds for banks.

Types of Deposit Accounts

The bank deposits can also be classified into (i) demand deposits and (b) time
deposits.
(i) Demand deposits are defined as deposits payable on demand through
cheque or otherwise. Demand deposits serve as a medium of
exchange, for their ownership can be transferred from one person to
another through cheques and clearing arrangements provided by
banks. They have no fixed term to maturity.
(ii)Time deposits are defined as those deposits which are not payable on
demand and on which cheques cannot be drawn. They have a fixed
term to maturity. A certificate of deposit (CD), for example, is a time
deposit

Demand and time deposits are two broad categories of deposits. Note that these
are only categories of deposits; there are no deposit accounts available in the
banks by the names 'demand deposits' or 'time deposits'. Different deposit
accounts offered by a bank, depending on their characteristics, fall into one of
these two categories. There are several deposit accounts offered by banks in
India; but they can be classified into three main categories:

• Current account
• Savings bank account
• Term deposit account

Current account deposits fall entirely under the demand-deposit category and
term deposit account falls entirely under time deposit. Savings bank accounts
have both demand-deposit and time-deposit components. In other words, some
parts of savings deposits are considered demand deposits and the rest as time
deposits. We provide below the broad terms and conditions governing the
conduct of current, savings and term-deposit accounts.
Current Deposits
A current account is a form of demand-deposit, as the banker is obliged to repay
these liabilities on demand from the customer. Withdrawals from current
accounts are allowed any number of times depending upon the balance in the
account or up to a particular agreed amount. Current
deposits are non-interest bearing. Among the three broad categories of deposits
—current account deposit, savings accounts deposit and term deposits--current
account deposits account for the smallest fraction.
A current account is basically a running and actively operated account with very
little restriction on the number and amount of drawings. The primary objective
of a current account is to provide convenient operation facility to the customer,
via continuous liquidity. On account of the high cost of maintaining such
accounts, banks do not pay any interest on such deposits. In addition, many
banks insist on customers maintaining minimum balances to offset the
transaction costs involved. If minimum balances are not maintained, these banks
charge the customers a certain amount. Current accounts can be opened by rich
individuals/ partnership firms/ private and limited companies/ Hindu Undivided
Families (HUFs)/ societies/ trusts, etc.

Benefits to current account

Card Convenience

Free ATM cum Debit Card and have access to the widest network of ATMs
across the country to withdraw cash, enquire about balance amount, etc.
Moreover, card enables to shop at a large number of Merchant Establishments
in India. Customer can also avail 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

Provide convenience, saving time and cost through SBI Internet Banking.
Customer can also withdraw cash from Maestro endorsed ATMs of other banks
under bilateral sharing, at a nominal fee.
Monitoring Your Account

• Monitor and control customer fund through SBI Internet Banking or/ and
through Passbook/ statement of account facility.
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.
• Nomination Facility - Available.
Low minimum balance requirements
Savings Bank Deposits

Savings deposits are a form of demand deposits, which is subject to restrictions

on the number of withdrawals as well as on the amounts of withdrawals during
any specified period. Further, minimum balances may be prescribed in order to
offset the cost of maintaining and servicing such deposits. Savings deposits are
deposits that accrue interest at a fixed rate set by RBI (3.5 percent as of January
2010).Savings bank accounts are used by a large segment of small depositors as
they can put their regular incomes into these accounts, withdraw the money on
demand and also earn interest on the balance left in the account. The flexibility
provided by such a product means that savings bank accounts cannot be opened
by big trading or business firms. Similarly, institutions such as government
departments and bodies, local authorities, etc. cannot open savings bank
accounts.

Savings account deposits together with current account deposits are called
CASA deposits
SAVINGS BANK ACCOUNT

SBI Savings Bank Account helps customer to plan and save for their future
financial requirements. Customer’s savings remain liquid, safe and earn
moderate interest.

Benefits

Card Convenience

Customer can get Free ATM cum Debit Card and have access to the widest
network of ATMs across the country to withdraw cash, enquire about their
balance, etc. Moreover, card enables to shop at a large number of Merchant
Establishments in India. Customer can also avail of International ATM-cum-
Debit Card, which can be used within as well as outside India, at a nominal fee.
Non Personalised Welcome Kit containing 10 cheque leaves and ATM card is
issued at the time of account opening.

Easy and Wide Accessibility

Provide convenience, saving time and cost through SBI Internet Banking.
Customer can also withdraw cash from Maestro endorsed ATMs of other banks
under bilateral sharing, at a nominal fee.

Monitoring Your Account

• Monitor and control customer’s funds through SBI Internet Banking or/
and through Passbook/ statement of account facility.
Moderate Earning
Savings Bank Account earns customer an interest at the rate of 3.5% p.a.,
compounded half yearly. It is calculated on daily product basis w.e.f.
01.04.2010.
Money Multipliers
• Earn Interest at Term Deposit rates through Savings plus Account.
• Link customer’s Savings Bank Account to their Multi Option Deposit
(MOD) Account to earn additional interest on their surplus money and
get the facility of automatic unitised break up of MOD in case there is a
shortfall in their SB account to honour the cheque drawn by customer.
Value Added Features

o Transfer of accounts between our wide networks of branches.

o Nomination facility – Available
o 25 cheque leaves free, in a year
o Minimum balance requirements and charges per quarter for
violation of the stipulations, as mentioned in brackets there against
- centre wise:-
Centres Cheque Ordinary
operated account
account
Metro/Urban Rs.1000 Rs. 500
/ (Rs.200) (Rs.200)
Semi-Urban
Rural Rs.500 Rs. 250
(Rs.100) (Rs.100)
TERM DEPOSITS

Term deposits in State Bank offers following advantage -

• Flexibility in period of term deposit from 15 days to 10 years.

Affordable Low Minimum Deposit Amount: A term deposit can be open
with SBI for a nominal amount of Rs.1000/- only.

• Safety - Promise of safety and security.

• Loan /overdraft facility: One can avail a loan/overdraft against his
deposit. SBI provides loan / overdraft up to 90% of deposit amount at
nominal cost. So one continues to earn interest on his deposit and still can
meet urgent financial requirements.
• Premature Withdrawal - Interest to be charged on premature
withdrawal of term deposits at 1.00% below the rate applicable for the
period deposit has remained with the Bank.
• Transferability- Transfer of Term Deposits between SBI wide networks
of branches without any charge.
• Compounding / Flexible / Timely Payment of Interest - Under SBI
Special Term Deposit Scheme, interest accrues in your account and gets
compounded quarterly.
• Term Deposits are available at all SBI Branches.
• Automatic Renewals - There is no need to keep track of the maturity of
TERM deposits. Deposits in SBI will be renewed automatically; post
maturity and one continue to earn interest for same period as that of
matured deposit, at the interest rate prevailing at the time of maturity.
Tax Implications

Tax Deductible at Source, as per Income Tax Act. The rate of TDS will be
higher of 20% or the applicable rate in all cases where valid PAN is not quoted
by the recipient. The declaration filed in 15G and 15H shall not be valid unless
the person filing the declaration furnishes his/her PAN in such declaration.

Following are deposits schemes –

SBI TAX SAVINGS SCHEME, 2006

A unique product which offers higher rate of interest along with tax benefits,
specially designed to cater to the needs of the Income Tax assesses.

The distinctive features of this scheme are as below:

Purpose - To enable customers to place long term deposits to earn higher rate
of interest and also to avail the tax benefits under section 80C of Income Tax
Act, 1961.

Eligibility - Resident assessed for himself/ herself as an individual or in the

capacity of the Karta of the Hindu undivided family, having Income tax
Permanent Account Number.

Mode of Operation - Singly or Jointly

Min/Max Deposit – 1,000 to 1, 00,000 in a year

Tenure - Minimum: 5 years - Maximum: 10 years

Rate of Interest - As applicable to Term Deposits

 SBI 555 DAYS

Term deposits for a tenure of 555 days which is applicable for all market
segments

• Affordable Low Minimum Deposit Amount: of Rs.1000/- only

• Flexibility in choosing the amount you wish to invest with No
maximum
• Premature Withdrawal - Interest to be charged on premature
withdrawal of term deposits at 1.00% below the rate applicable for
the period deposit has remained with the Bank.

SBI 555 product may be withdrawn at short notice.

SBI 1000

Term deposits for a tenure of 1000 days which is applicable for all market
segments

Affordable Low Minimum Deposit Amount: of Rs.1000/- only

Flexibility in choosing the amount to invest with No maximum limit
for investment
• Flexibility to convert your Special Term Deposit to Term
Deposit and vice versa

Floating Rate Term Deposit

(Scheme w.e.f. 06th September 2010)

Purpose - Floating rate term deposit will allow the investor to take advantage of
any interest rate changes even in the short term

Who Can Open The A/C - Any Individual, Singly Or jointly, Minor
(himself/herself or through his/her guardian), Karta of HUF

Minimum & Maximum amount - 1,000/- only and thereafter in multiple of `

1,000/- . The Maximum Amount that can be invested under this Scheme is 15 lacs

Period of deposit – 1 Year, 2 Year, 3 Year

Interest Payment - Interest will be paid quarterly/ monthly discounted.

Tax deduction at source - If the interest paid/ payable on deposit exceeds

`10,000/- per customer, per year, per branch.

REINVESTMENT PLAN

This plan helps to earn interest on interest, thus giving you a two-fold income. An
individual deposit his money with SBI for any period between six months to 10
years, and get interest on deposited money plus on the interest you earn. Thus
interest gets compounded every quarter giving you higher returns.

Affordable/Very Low Minimum Deposit Amount - You can open a Special

Term Deposit with SBI for a nominal amount of Rs. 1000/- only.

SBI MODS

MULTI OPTION DEPOSIT SCHEME

The Multi Option Deposit (MOD) Account is a combination of Savings Bank or

Current Account with Term/ Special Term Deposit Accounts, so that one can
securely write cheques upto the balance in the MOD account or upto the drawing
power available as overdraft in the Current account. Withdrawals through ATMs
can also be conveniently made.

Exclusive Features:

• Complete Liquidity.
• Convenience of Overdraft.
 • Earns a higher rate of interest on your deposit, without the dilemma of
locking it for a long period.
• At the time of need for funds, withdrawals can be made in units of
Rs.1,000/- from the Deposits by issuing a cheque from Savings Bank
Account or through overdraft facility from Current account.
• Flexibility in period of Term Deposit from 1 year to 5 years.
• One can open a MOD account with SBI for a minimum amount of Rs.
10,000/- only.

ANNUITY DEPOSIT SCHEME

Purpose - To enable the depositor to pay one time lump sum amount and to
receive the same in Equated Monthly Installments (EMIs), comprising a part of
the principal amount as well as interest on the reducing principal amount,
compounded at quarterly rests and discounted to the monthly value. Payment of
interest will start on the anniversary date of the month following the month of
deposit. If that date is non-existent (29th, 30th & 31st), it will be paid on the 1st
day of the next month.

Deposit amount - Maximum: No Limit, Minimum- Based on minimum

monthly annuity Rs 1000/- for the relevant period. In no case Minimum
Amount of deposit should be below Rs 25,000.00

SBI FLEXI DEPOSIT SCHEME

Purpose - To enable our customers to place long term deposits to earn attractive
rate of interest along with flexibility in choosing the deposit amount
Type of account - Recurring Deposit (Variable deposit) account

Minimum deposit amount - Rs. 5,000/- per Financial Year (plus in multiples
of Rs. 500/-) minimum of Rs. 500/- at any one instance. Deposits can be made
anytime during a month and any number of times. Penalty for default in
payment of minimum deposit will be Rs.50/- per Financial Year.

Maximum deposit amount - Rs.50,000/- in a Financial Year.

RECURRING DEPOSIT

Recurring Deposit provides 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.

Wide Choice in Period of Deposit

• Flexibility in period of deposit with maturity ranging from 12 months to

120 months.
• Low minimum monthly deposit amount.
• One can start a Recurring Deposit with SBI for a monthly instalment of
Rs.100/- only.

SBI Term Deposit Rates Apply

• Check out Interest Rates Online or simply email through SBI Helpline
 • One should choose the amount he wishes to invest and the maturity
period.
Highlights

• Safety
SBI understands the value of its customer’s hard earned money and
continue to deliver on their promise of safety and security over two
centuries.

• Liquidity
Loan /overdraft facility: One can avail a loan/overdraft against their
deposit. SBI provides loan / overdraft upto 90% of the deposit amount at
nominal cost. So the customer continues to earn interest in your deposit
and still can meet their urgent financial requirements.

• Transferability
Transfer of Recurring Deposit accounts between their wide network of
branches without any charge.

• Regular Instalments to customer’s Account

Now customers have motivation/compulsion to save a chosen
amount every month and create a fund, which helps them to meet
their future financial needs.

• Recurring Deposits are available at all SBI Branches

• Easy and convenient access of information at SBI Internet Banking

Other Benefits

§Nomination Facility - Available

 §Regular Instalments to customers Account

–Save in account through Fixed Monthly Instalments.

–Monthly Instalments can be deposited on any working day of

the month.

–Delayed monthly instalments attract penalty.

–Instalments payable in multiples of Rs.10/-

Free Fund Transfer

Free transfer of customer’s funds through standing instructions from their

Current or Savings Bank Account to their Recurring Deposit Account every
month for the payment of their instalments, so that they do not have to worry
about regular payments.

Regular Updates

Customers can monitor their deposits through SBI Internet Banking or through
a passbook issued to you.
ASSETS
 HOME LOANS

"THE MOST PREFERRED HOME LOAN PROVIDER" voted inAWAAZ

Consumer Awards along with the MOST PREFERRED BANK AWARD in
a survey conducted by TV 18in association with AC Nielsen-ORG Marg in 21
cities acrossIndia.
SBI HOME LOANS now offers Interest Rates concessions onGREEN
HOMES in accordance with SBI's commitment to Environment protection.
SBI Home Loans come to you on the solid foundation of trust and transparency
built in the tradition of State Bank of India.
Best Practices followed in SBI mentioned below will tell you why it makes
sense to do business with State Bank of India.

SBI Home Loans Unique Advantage

• Package of exclusive benefits.

• Lowest interest rates. Further, we charge interest on a daily reducing

balance!!

• Low processing charges.

• No hidden costs or administrative charges.

• No prepayment penalties. Reduce your interest burden and optimally

utilize your surplus funds by prepaying the loan.

• Over 12000 branches nationwide, you can get your Home Loan
account parked at a branch nearest to your present or proposed
residence.

PRODUCTS

SBI HI-FIVE LOAN

SBI EASY HOME LOAN

SBI ADVANTAGE HOME LOAN

OTHER PRODUCTS
 SBI Car Loan

SBI’ s Car loan is divided in to two types:

• SBI EZEE CAR LOAN

• ADVANTAGE CAR LOAN

SBI EZEE CAR LOAN

One can apply for an SBI Car Loan to purchase:

• A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or
model)
• A used car / jeep / MUV /SUV (not more than 5 years old). (any make or
model)

Finance to include vehicle registration charges, insurance, one-time road tax and
accessories (subject to conditions).

SBI’s Car loan attributes:

1. Lowest interest rates

2. Longer repayment period of upto 84 months
3. No hidden costs or administrative charges
4. Finance for one-time road tax, registration fee, insurance premium
and accessories
5. No advance EMIs.(Some Banks/companies ask you to pay one or more
EMIs at the time of disbursement of loan, thereby effectively reducing
your loan amount.)
6. Complete transparency: We levy interest on daily reducing balance
method. When you pay one instalment, the interest is automatically
calculated on the reduced balance thereafter. When you pay interest on an
 annual reducing balance, as charged by many other companies/banks, the
interest amount for the coming year is determined on the amount
outstanding at the beginning of the year. You continue to pay interest
even on the amounts you repay during the year.

Eligibility

1. Individual between the age of 21-65 years of age

2. A Permanent employee of State / Central Government, Public Sector
Undertaking, Private company or a reputed establishment or
3. A Professionals or self-employed individual who is an income tax
assessee or
4. A Person engaged in agriculture and allied activities.
5. Net Annual Income Rs. 100,000/- and above.

Salient Features

Loan Amount

There is no upper limit for the amount of a car loan. 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 becomes a co-borrower
in the loan. The loan amount includes finance for one-time road tax, registration
and insurance!

No ceiling on the loan amount for new cars.

Loan amount for used car is subject to a maximum limit of Rs. 15 lacs.

Type of Loan

1. Term Loan
 2. Overdraft - a) For New vehicles only
b) Minimum loan amount: Rs. 3 lacs

Documents Required

One would need to submit the following documents along with the completed
application form if he/she is an existing SBI account holder:

1. Statement of Bank account of the borrower for last 12 months.

2. 2 passport size photographs of borrower(s).
3. Signature identification from bankers of borrower(s).
4. A copy of passport /voters ID card/PAN card.
5. Proof of residence.
6. Latest salary-slip showing all deductions
7. I.T. Returns/Form 16: 2 years for salaried employees and 3 years for
professional/self-employed/businessmen duly accepted by the ITO wherever
applicable to be submitted.
8. Proof of official address for non-salaried individuals.

If he or she is not an account holder with SBI then you would also need to
furnish documents that establish your identity and give proof of residence.

Margin

New / Used vehicles: 15% of the on the road price

Repayment

You enjoy the longest repayment period in the industry with us.
Repayment period:
For Salaried: Maximum of 84 months
For Self-employed & Professionals: Maximum 60 months

Repayment period for used vehicles :Up to 84 months from the date of original
purchase of the vehicle (subject to maximum tenure as above).
Prepayment Penalty:

Prepayment fee of 2% of the amount of the loan prepaid will be levied subject
to certain conditions.

Interest

w.e.f. 21.10.2010 (Base Rate 7.60 % p.a.)

All interest rates are applicable up to 31st December 2010

SBI EZEE CAR LOAN SCHEME

S.No. PARAMETER DETAILS

SCHEME

1 All New Car Loans to Public

Applicable to

From 4th Year Onwards: The

floating interest rate will be reset
to applicable card rate contracted
on the date of sanction. Currently
the rates are:
2 Period Term Overdraft
Loan
First 8% 8.5%
year Fixed fixed
Interest Rate For 9.75% 10.25%
2nd & fixed fixed
3rd

year
 Term
Period Overdraft
Loan
For 3.75% 4.25%
4th & above above
5th Base Rate Base Rate
year i.e.11.35% i.e.11.85%

For 4.50%
4.00%
6th & above
above
7th Base Rate
Base Rate
i.e.
year i.e.11.60%
12.10%
 Base Rate 7.60 % p.a.

No other interest concession will

be given under any tie-up
arrangement or otherwise below
the offer rate.
Interest Rate will be reset on the
anniversary

date of the loan to the applicable

card rate

contracted as on the date of

3 Reset Period sanction under the

respective new car loan schemes

i.e. Spreads

above Base Rate as applicable on

the date of

Sanction as per the agreement.

Processing
4 0.50% of loan amount
fee

SBI ADVANTAGE CAR LOAN SCHEME

SL. PARAMETER
DETAILS
No SCHEME
1 Applicable to All New Car Loans to Public
Period Term Loan Overdraft
First year 8% Fixed 8.5% fixed
2 Interest Rate
For 2nd & 3rd
9.75% fixed 10.25% fixed
year
 From 4th Year Onwards: The floating interest rate
will be reset

to applicable card rate contracted on the date of

sanction. Currently the rates are:

Period Term Loan Overdraft

For 4th & 3.50% above Base 4.00% above Base
5th year Rate i.e. 11.10% Rate i.e. 11.60%
For 6th &
7th 3.75% above Base 4.25% above Base
Rate i.e.11.35% Rate i.e.11.85%
year
Base Rate 7.60 % p.a.

No other interest concession will be given under

any tie-up arrangement or otherwise below the

offer rate.
Interest Rate will be reset on the anniversary date of
the loan to the applicable card rate contracted as on
the date of sanction under the
3 Reset Period
respective new car loan schemes i.e. Spreads above
Base Rate as applicable on the date of Sanction as per
the agreement.
4 Processing fee 0.50% of loan amount
Used Vehicles

Tenure Rate of Interest

Up to 3 years 7.25% above Base Rate i.e.

14.85% p.a.

Above 3 yrs 7.50% above Base Rate i.e.

15.10% p.a.

Processing Fee

0.50% of Loan amount and to be paid upfront.

Minimum: Rs. 500/-
Maximum Rs. 10,000
25% of Processing fee will be retained if application is rejected after pre-
sanction survey.

Security

As per bank's extant instructions.

 SBI EDUCATION LOAN

A term loan granted to Indian Nationals for pursuing higher education in India or
abroad where admission has been secured.

Eligible Courses

All courses having employment prospects are eligible.

• Graduation courses/ Post graduation courses/ Professional courses

• Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan

• Fees payable to college/school/hostel

• Examination/Library/Laboratory fees
• Purchase of Books/Equipment/Instruments/Uniforms
• Caution Deposit/Building Fund/Refundable Deposit (maximum 10%
tution fees for the entire course)
• Travel Expenses/Passage money for studies abroad
• Purchase of computers considered necessary for completion of course
• Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project
work etc.

Amount of Loan

• For studies in India, maximum Rs. 10 lacs

• Studies abroad, maximum Rs. 20 lacs

Interest Rates

Base Rate 7.60 % w.e.f. 21.10.2010

SBI Student Loan Scheme

Loan Amount Rate of Interest

For loans upto Rs.4 lacs 3.75% above Base Rate,

currently 11.35% p.a.

Above Rs.4 lacs and upto 5.25% above Base Rate,

Rs.7.50 lacs currently 12.85% p.a.

Above Rs.7.50 lacs 4.25% above Base Rate,

currently 11.85% p.a.

(0.50% concession in interest for girl student)

Education Loan Scheme for students of ISB, Hyderabad

2.75% above Base Rate, currently 10.35%

p.a.

(0.50% concession in interest for girl student)

SBI Scholar Loan Scheme

2.75% above Base Rate, currently 10.35%

p.a.
(Irrespective of the loan amount)

(0.50% concession in interest for girl student)

Processing Fees

• No processing fee/ upfront charges

• Deposit of Rs. 5000/- for education loan for studies abroad which will be
adjusted in the margin money

Repayment Tenure

Repayment will commence one year after completion of course or 6 months

after securing a job, whichever is earlier.

Repayment Period
Place of Study Loan Amount
in Years

Studies in India Rs. 10.0 lacs 5-7

Studies Abroad Rs. 20.0 lacs 5-7

Security

For loans upto Rs. 10.00 lacs for Studies

Amount in India and upto Rs. 20.00 lacs for studies
abroad

Up to Rs. 4
No Security
lacs

Collateral security in the form of suitable

third party guarantee. The bank may, at its
Above Rs.
discretion, in exceptional cases, weive
4 lacs to
third party guarantee if satisfied with the
Rs. 7.50
net-worth/means of parent/s who would be
lacs
executing the documents as "joint
borrower".
 Tangible collateral security of suitable
Above Rs. value, along with the assignment of future
7.50 lacs. income of the student for payment of
installments.
All loans should be secured by parent(s)/guardian of the student borrower. In
case of married person, co-obligator can be either spouse or the parent(s)/
parents-in-law

Margin

• For loans up to Rs.4.0 lacs : No Margin

• For loans above Rs.4.0 lacs:
o Studies in India: 5%
o Studies Abroad: 15%

Documentation Required

• Completed Education Loan Application Form.

• Mark sheets of last qualifying examination
• Proof of admission scholarship, studentship etc
• Schedule of expenses for the specified course
• 2 passport size photographs
• Borrower's Bank account statement for the last six months
• Income tax assessment order, of last 2 years
• Brief statement of assets and liabilities, of the Co-borrower
• Proof of Income (i.e. Salary slips/ Form 16 etc)
 Loan to pensioners:
State Bank of India provides loan facility to pension holders. The bank
understands the needs of people who are depend upon their pensions.
Sometimes they need urgent or unexpected expenditure. To cater this segment
State Bank of India understood the need of the people and launched a new
scheme for pensioners.

If someone is a Central or State Government pensioner drawing his pension

through one of State Bank of India branches and are not more than 72 years of
age, one can avail of a loan from the branch to meet his personal expenses. The
bank understands someone may have an urgent or unexpected need for funds or
a family obligation to be fulfilled and appreciate his association with the bank.
One can avail a loan of up to a maximum of 12 months pension, subject to a
ceiling of Rs.1,00,000. The documentation is easy. The loan may be repaid over
5 years and will carry a low interest rate of 12.75% p.a.
There are no processing fees, no hidden costs and no prepayment penalties.
Whenever you have some surplus funds, you can credit your loan account,
thereby reducing your loan liability and interest burden.

Salient features of the Scheme:

Eligibility:
All Central and State Government pensioners, whose pension accounts are
maintained by State Bank of India branches,. The pensioner should not be more
than 72 years of age.
Purpose:
To meet personal expenses.

Loan Amount:
A maximum of 12 months pension with a ceiling of Rs.1,00,000/-
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:
60 Equated Monthly Installments (EMIs) – if age of Pensioner at the time of
loan sanction is upto 70 years
48 Equated Monthly Installments (EMIs) – if age of Pensioner at the time of
sanction is between 70 – 72 years

Authorized Branches:
All branches maintaining pension accounts. The facility is available only from
the branch which is maintaining pension account of the applicant.

RENT PLUS

State Bank of India provides loan to the owners of residential building or

commercial properties which are to be rented or already rented to any MNC/
Bank/ Large and medium scale company. Objective of this loan is to fulfill the
need of liquidity mismatch.
Name of scheme

Rent Plus

Nature of facility

Term Loan

Period of repayment

7 years or the residual lease period, whichever is lower.

Eligible customer

Owners of residential buildings and commercial properties in Rural/Semi-

urban/Urban/Metro areas which are to be rented or already rented to MNCs/
Banks/ Large & medium size corporate.

Purpose

To meet liquidity mis-match of the applicants.

Quantum of finance

Min. Rs. 50,000.00

Max. Rs. 5 crore for properties located at Non-Metro Centres and Rs. 7.50
crores for properties located at Metro Centres. There will be no differentiation
on the basis of constitution of the applicant.

Margin

40%

Repayment

Equated Monthly Installments of 7 years or residual lease period.

Prepayment

1% of the loan amount prepaid.

Primary Security

Assignment of receivables and recording of power attorney with the lessee is a

must.

Collateral Security

i) First charge on buildings against the rentals of which the loan would be
sanctioned (value of the property should be double the amount of loan) or any
other acceptable property of equal value.

ii) Equitable Mortgage of immovable property by deposit of titledeed.

iii) In case of partnership firm, personal guarantee of the partners of the

building. In case of company personal guarantee of directors to be obtained.

Insurance

The amount of insurance should cover the value of assets charged to the Bank.

Applicability:

Metro / Urban / Semi-urban/ Rural centers.

Processing charges and cost of valuation

2% of loan amount, subject to a maximum amount of Rs.1,00,000/=, to be paid

upfront as processing charges. The charges for valuation of the property are to
be borne by the applicant.
 PROPERTY LOAN

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.

Enjoy the SBI Advantage

 Complete transparency in operations

 Access this loan from our wide network of branches
 Interest rates are levied on a monthly/daily reducing balance method
 Lowest processing charges.
 Long repayment period of 60 months, upto 120 months for salaried
individuals with check-off facility
 No Hidden costs or administrative charges.
 No prepayment penalties. You can have surplus funds at any time thereby
conveniently reducing your loan liability and interest burden.

Property Loan Scheme

Avail of an All-Purpose loan against mortgage of any of your property. We
offer you these loans at all our Personal Banking Branches and those branches
having Personal Banking Divisions amongst others.

Purpose
This is an all purpose loan, i.e., the loan can be obtained for any purpose
whatsoever.If amount of loan is Rs.25.00 lacs and above then purpose of loan
will have to be specified alongwith an undertaking that loan will not be used for
any speculative purpose whatever including speculation on real estate and
equity shares.

Eligibility
You are eligible if you are:

A. An individual who is;

a. An Employee or
b. A Professional, self-employed or an income tax assesse or
c. Engaged in agricultural and allied activities.

B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net

Annual Income (others) is in excess of Rs.1,50,000/-.

The income of the spouse may be added if he/she is a co-borrower or a

guarantor.

C. Maximum age limit: 60 years.

Salient Features

Loan Amount

Minimum : Rs.25,000/-
Maximum : Rs.1 crore. The amount is decided by the following calculation:

• 24 times the net monthly income of salaried persons (Net of all

deductions including TDS) OR
• 2 times the net annual income of others (income as per latest IT return
less taxes payable)

Margin
We will finance upto 60% of the market value of your property.

Repayment
Maximum of 60 equated monthly instalments, upto 120 months for salaried
individuals with check-off facility. You could opt to divert any surplus funds
towards prepayment of the loan without attracting any penalty.

Security

As per banks extant instructions.

 LOAN AGAINST SHARES \ DEBENTURES

Do you need urgent cash but you don't wish to sell or liquidate your holding of
shares?

Leverage your investments in shares, debentures, public sector bonds and

Government securities for loans to meet unforeseen expenses!! You need not
miss out on the next stock market boom!!

Avail of loans up to Rs.20.00 lacs against your shares/debentures to enable you

to meet contingencies, personal needs or even for subscribing to rights or new
issue of shares.

Note: Loan will not be sanctioned for

1. speculative purposes
2. inter-corporate investments or
3. acquiring controlling interest in company/companies.

Enjoy the SBI advantage

• Low interest rates. Further, we charge interest on a daily reducing
balance!!
• Low processing charges; only 1% of loan amount - compare with 1-3% of
others.
• No hidden costs or administrative charges..
• No prepayment penalties. Reduce your interest burden and optimally
utilize your surplus funds by prepaying the loan.
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.

The facility is available at 50 select centers.

Salient Features

Purpose
For meeting contingencies and needs of personal nature. Loan will be permitted
for subscribing to rights or new issue of shares / debentures against the security
of existing shares / debentures. Loan will not be sanctioned for (i) speculative
purposes (ii) inter-corporate investments or (iii) acquiring controlling interest in
company / companies.

Loan Amount
You can avail of loans up to Rs 20.00 lacs against your shares/debentures.

Documents Required
You will be required to submit a declaration indicating :
• Details of loans availed from other banks/ branches for acquiring shares/
debentures.
• Details of loans availed from other banks/ branches against security of
shares/ debentures
Margin
You will need to provide a margin amount of 50% of the prevailing market
prices of the shares/ non-convertible debentures being offered as security. (The
market prices refer to the prices in the Stock Exchanges as reported in the
Economic Times.)

Repayment Schedule
To be liquidated in maximum period of 30 months through a suitable reducing
DP programme.

In case of a default or if the outstanding is over Rs.20.00 lacs, the

shares/debentures will be transferred in the name of the Bank.

Security:
Pledge of the demat shares/debentures against which overdraft is granted.

Declaration

The applicant will have to submit a declaration indicating:·

 details of loans availed of by them from other banks/ branches for

acquiring shares/ debentures
 details of loans availed from other banks/ branches against security of
shares/ debentures
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

 Application for overdraft limit against security of shares/ debentures

indicating details of shares (i.e. ISIN of the company whose shares/
debenture are offered as security, number of shares/ debenture offered as
security) along with borrowers DP ID and DP account number.
 Applicant has to submit consent letter agreeing to regularize the
account/ replenish the margin shortfall, on account of adverse market
price variation, immediately on receipt of notice from the branch.
Applicant will also submit consent to the condition that in the event of his
failure to regularize the account immediately, Bank has the right to get
the security transferred in its name and arrange for its sale, without any
further reference to him. The Bank shall exercise this option without
prejudice to its rights to recover the dues by other means also.
 DP Note and DP Delivery letter.
 Irrevocable Letter of Undertaking addressed to the Bank signed by all
holders of the shares.
 Dividend collection mandate(s).
 Either or Survivorship Letter(if applicable).
Security

Pledge of the demat shares/ debentures against which overdraft is granted.

Nature of loan

Is Overdraft / Demand Loan with the Repayment programme maximum 30

months.
SERVICES
 ATM SERVICES

STATE BANK NETWORKED ATM SERVICES

State Bank offers you the convenience of over 12,000 ATMs in India, the
largest network in the country and continuing to expand fast! This means that
you can transact free of cost at the ATMs of State Bank Group (This includes
the ATMs of State Bank of India as well as the Associate Banks - namely, State
Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, State
Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra, and State
Bank of Travancore) and wholly owned subsidiary viz. SBI Commercial and
International Bank Ltd., using the State Bank ATM-cum-Debit (Cash Plus)
card.

KINDS OF CARDS ACCEPTED AT STATE BANK ATMs

Besides State Bank ATM-Cum-Debit Card and State Bank International ATM-
Cum-Debit Cards following cards are also accepted at State Bank ATMs: -

1) State Bank Credit Card

2) ATM Cards issued by Banks under bilateral sharing viz. Andhra Bank,Axis
Bank, Bank of India, The Bank of Rajasthan Ltd., Canara Bank, Corporation
Bank, Dena Bank, HDFC Bank, Indian Bank, Indus Ind Bank, Punjab National
Bank, UCO Bank and Union Bank of India.

3) Cards issued by banks (other than banks under bilateral sharing) displaying
Maestro, Master Card, Cirrus, VISA and VISA Electron logos

4) All Debit/ Credit Cards issued by any bank outside India displaying Maestro,
Master Card, Cirrus, VISA and VISA Electron logos

State Bank ATM-cum-Debit (State Bank Cash plus) Card:

India's largest bank is proud to offer you unparalleled convenience viz. State
Bank ATM-cum-Debit(Cash Plus) card. With this card, there is no need to carry
cash in your wallet. You can now withdraw cash and make purchases anytime
you wish to with your ATM-cum-Debit Card.

Get an ATM-cum-Debit card with which you can transact for FREE at any of
over 12,000 ATMs of State Bank Group within our country.
Click here for the list of ATMs in India or to find the nearest ATM you are
looking for!

Details of STATE BANK CASHPLUS SCHEME.

Features:

· Withdraw cash from over 12,000 ATMs of our group FREE and about
16000 ATMs of other banks under bilateral sharing viz. Andhra Bank, Axis
Bank,Bank of India, The Bank of Rajasthan Ltd. Canara Bank, Corporation
Bank, Dena Bank, HDFC Bank, Indian Bank, IndusInd Bank, Punjab
National Bank, UCO Bank and Union Bank of India apart from ATMs
displaying Master Card/ Maestro/Cirrus logo for FREE! -

· Make payments for purchases by using the debit card at more than 2,64,000
shops, restaurants, shopping malls, hotels, petrol pumps and many other
outlets which display Maestro logo.

· Recharge pre-paid mobile phones of Vodafone, IDEA, Reliance and BPL

without any charges at any State Bank ATM.

· R echarge pre-paid mobile phones of AIRTEL of 11 Circles viz. Mumbai,

Delhi, Gujarat, M.P., U.P. (East), U.P. (West), Karnataka, Kerala, Andhra
Pradesh, Tamilnadu, and Chennai, through ATM/ SMS anywhere in India.

· Recharge mobile phones of AIRTEL, Vodafone, IDEA and BPL without any
charges at all ATMs as well as by sending SMS (after registration at State
Bank ATM).The text of SMS will be as under: -

Service SMS Text Send SMS to

Provider
Airtel RC (AMOUNT) PIN 535
BPL RC SBI (AMOUNT) 140
PIN
Vodafone RC SBI (AMOUNT) 147
PIN
IDEA RC SBI (AMOUNT) 575
PIN

· Pay MTNL, Mumbai bills through State Bank ATMs

· Payment of SBI Credit Card bills

· Payment of SBI Life insurance premium

· Pay fees of select colleges

· Registration of SBI Mobile Banking and SMS Alerts

· Donate to Temple Trusts: - (a) Vaishno Devi (b) Shirdi Saibaba (c)
Gurudwara Takht Saheb, Nanded (d) Tirupati and (e) Sri Jagannath Temple,
Puri

Transaction Limits:

Daily limit of Rs 40,000/- at the ATM

Daily limit of Rs 50,000/- at Point of Sale (POS) terminal for debit transactions
Combined daily limit of Rs 90,000/-

The breakup of Multi Option Deposit Scheme units is available through the
Saving Bank / Current Account linked with the ATM-Cum-Debit Card, if
attached with the MODS.The withdrawals can be made in units of Rs 1000/-
from the Deposits.

Fees:

There is no joining fee for State Bank ATM-cum-Debit (Cash Plus) card.
Annual maintenance fee of Rs. 50/- p.a. will be recovered from the second year
of issue.

Apply for your card

If you already have a Savings Bank or Current Account with us, apply for State
Bank ATM-cum-Debit (Cash Plus) card at your branch.

If you are not banking with us, start doing so ………

State Bank Cash Plus International Card:

This is an International ATM-cum-Debit Card with which you can enjoy

shopping at over 2,64,000 establishments in India and over 10.5 Million
establishments worldwide displaying Maestro logo, wherein the amount you
spend on your card is automatically debited to your account. Withdraw cash
from over 12,000 ATMs of our group FREE and over 16000 ATMs of other
banks under bilateral sharing viz. Andhra Bank,Axis Bank, Bank of India, The
Bank of Rajasthan Ltd. Canara Bank, Corporation Bank, Dena Bank, HDFC
Bank, Indian Bank, IndusInd Bank, Punjab National Bank, UCO Bank
and Union Bank of India apart from ATMs displaying Master Card/ Maestro /
Cirrus logo in India and more than 8,20,000 ATMs across the globe for a
nominal fee.In India, it would function as the State Bank ATM-cum-Debit
(Cash Plus) card.

WITHDRAWAL LIMIT: -

i) Cash Withdrawals(per day) :

India Abroad

Minimum Rs. 100 Depends on the Bank whose

ATM is being used

Maximum Rs. 45000 US$1000 or equivalent

ii) Transaction at POS (per day) :

India Abroad

Maximum Rs. 1,00,000 US$1000 or

equivalent
Maximum permitted aggregate utilization in a day is Rs. 145000 in India and
equivalent to US$ 2000 abroad(subject to compliance with the RBI and
Exchange Control/ FEMA Regulations)

TRANSACTION COSTS: -
FREE!

Fees :

The State Bank Cash Plus International Card is available forone time
joining fee of Rs 200/-. Annual maintenance fee of Rs. 100/- p.a. will be
recovered from the second year of issue.

Apply for your card :

If you already have a Savings Bank or Current Account with us, apply for State
Bank Cash Plus card at your branch.
If you are not banking with us, start doing so ………

Experience Anytime Anywhere Banking with STATE BANK. Call us at our toll
free 1800-112211 from BSNL/MTNL landlines orNew Contact Centre Access
Numbers from other mobile/ landlines.

Enhanced Convenience:

State Bank accepts Debit/ Credit Cards issued by banks in India and abroad
affiliated to both VISA and Master Card International at its over 12,000 ATMs.

Search for ATM locations in India

STATE BANK INTERNATIONAL ATM-CUM-DEBIT CARD

Eligibility:
All Saving Bank and Current Account holders having accounts
with networked branches and are:

§ 18 years of age & above

§ Account type: Sole or Joint with "Either or Survivor" / "Anyone or Survivor"

§ NRE account holders are also eligible but NRO account holders are not.

Benefits:

§ Convenience to the customers traveling overseas

§ Can be used as Domestic ATM-cum-Debit Card

§ Available at a nominal joining fee of Rs. 200/-

§ Daily limit of US $ 1000 or equivalent at the ATM and US $ 1000 or

equivalent at Point of Sale (POS) terminal for debit transaction

§ Purchase Protection*up to Rs. 5000/- and Personal Accident cover*up to Rs.

2,00,000/-

§ Charges for usage abroad: Rs. 150+ Service Tax per cash withdrawal Rs. 15 +
Service Tax per enquiry.
 INTERNET BANKING

www.onlinesbi.com, the Internet banking portal of our bank, enables its retail
banking customers to operate their accounts from anywhere anytime, removing
the restrictions imposed by geography and time. It's a platform that enables the
customers to carry out their banking activities from their desktop, aided by the
power and convenience of the Internet.

Using Internet banking services, you can do the following normal banking
transactions online:

Funds transfer between own accounts.

Third party transfers to accounts maintained at any branch of SBI
Group Transfers to accounts in State Bank Group
Inter Bank Transfers to accounts with other Banks
Online standing instructions for periodical transfer for the above
Credit PPF accounts across branches
Request for Issue of Demand Draft
Request for opening of new accounts
Request for closure of Loan Accounts
Request for Issue of Cheque Book

Apart from these, the other salient value-added features available are:
Utility bill payments
Online Ticket Booking for travel by Road, Rail and Air
SBILIFE, LIC and other insurance premia payments
SBI and other Mutual funds Investments
SBI and other Credit Card dues payments
Tax Payment – Income, Service, State Govt
Customs Duty Payment
Online Share Trading (eZ-trade@SBI)
Online Application for IPO
Fee Payment to select educational institutions including IITs and NITs

Truly smart services to cover most of your banking transactions. All this and
much more, from your desktop.
All our branches are enabled for Internet Banking.Contact your branch for
availing this service. You can visitwww.onlinesbi.com for downloading the
registration form.

On security front, the site is 'VeriSign' certified - indicating that it's

absolutely safe and secure for you to transact online. Additional layers of
security are available for doing transactions.
 RTGS/NEFT

Real Time Gross Settlement System (RTGS)&

National Electronic Fund Transfer system (NEFT)

Bank offers Real Time Gross Settlement System (RTGS) & National Electronic
Fund Transfer system (NEFT) which enables an efficient, secure, economical
and reliable system of transfer of funds from bank to bank as well as from
remitter’s account in a particular bank to the beneficiary’s account in another
bank across the country.

1.RTGS:
An electronic payment system in which payment instructions between banks are
processed and settled individually and continuously, on a real time basis,
throughout the day. Available for transaction value of Rs.1.00 lac and above.

2.NEFT :
Another electronic payment system in which payment instructions between
banks are processed and settled on deferred net settlement (DNS) basis at fixed
times during the day. There is no minimum or maximum stipulated transaction
value for using this facility.

Note :RTGS and NEFT systems work on all days except on Sundays and
common National Holidays across the states.
Information Required for transfer of Funds
· Amount to be remitted
· Account no. to be debited
· Name of the beneficiary bank
· Name of the beneficiary customer
· Account no. of the beneficiary customer
· Sender to receiver information, if any
· IFSC code of the receiving branch.(IFSC Code is printed on cheque
leaves.)