SBI Retail

7/27/2019 SBI Retail

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DEPOSIT SCHEMES Whatever your needs - an investment of your surplus funds or to create a fund for yourchildrens' education and marriage. You will find a product from SBI that suits yourrequirement, delivered at a branch close to you.

Open an account with any of our branches, all of them are fully computerised, andrealise 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 whichprovides 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 overdraftfacility, to meet your occasional temporary funds requirements. Want to build up savings slowly? Discover our Recurring Deposit Account. You can save alittle every month to build up the desired corpus to meet your future requirement of funds. Our products are designed with flexibility to suit your personal requirements. Enjoy 24

hour banking facility through our Internet Banking/ widest network of ATMs. Pleasewatch this space for more details.

Current Account Savings Plus Account

Savings Bank Account Basic Banking 'No frills Account'

Term Deposits Recurring Deposit Account

Special Term Deposits PREMIUM SAVINGS ACCOUNT

Multi Option Deposit Scheme Rate of Interest on Domestic Term Deposits

Scheme SBI Tax Savings Scheme, 2006

Demat Account

SAVINGS PLUS ACCOUNT[Print Page]

Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fundabove a threshold limit from the Savings Bank Account is transferred automatically toTerm Deposits opened in multiples of Rs. 1000.

• Any surplus funds in the account exceeding the threshold limit (to be set by the

customer), for a minimum amount of Rs.10,000/- and in multiple of Rs.1000/- inany one instance, are transferred as Term Deposit and earns interest asapplicable to Term Deposits.

• Account holder has the flexibility to choose the period of deposit from 1 year to 5

years and to set any threshold limit of Rs.5,000/- or above.

• Payments in excess of available balance in the Savings bank Account can be

made by breaking MODs Last In First Out. SAVINGS BANK ACCOUNT

[Print Page]

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Key features:

No Minimum Balance requirement.

Personal Accident Insurance of Rs. 4 lacs available at an annual Premium of Rs.

100/-

Earn Interest at 4.00% p.a.

Transferability of accounts

Multicity cheques available.

Internet Banking, Mobile Banking, Kiosk Banking available.

Safe Deposit lockers available.

Interest is calculated on a daily balance

ATM-cum-Debit Card

Multiple variants of ATM-cum-Debit Card like Gold Card, International ATM-cum-DebitCard, etc. available can be used withdraw cash, balance enquiry, payment of insurancepremiums, donations, card-to-card transfer etc. and to shop at a large number of

Merchant Establishments in India.

Internet Banking

Internet Banking can used be for multiple operations like –

i. Opening and closing of Fixed Deposit and Recurring Deposit Account.

ii. Fund transfer.

iii. Utility bill payments.

iv. Online shopping including rail tickets booking.

v. RTGS/NEFT.

vi. Investing in IPOs through ASBA.

vii. Western Union Money Transfer.

viii. e Tax deposit.

ix. View Account statement and Demat operations.

x. Set up Standing Instructions.

xi. View Form 26 AS (Income Tax ledger).

xii. Outward foreign remittance.



xiii. Internet Banking can be accessed on mobile phone through ‘https://m.onlinesbi.com’ with mobile friendly features.

Mobile Banking Service over Application/ Wireless Application Protocol (WAP)

The following functionalities are available through Mobile Banking:

i. Funds transfer (within and outside the bank)

ii. Interbank Mobile Payment Services (IMPS).

iii. Enquiry services (Balance enquiry/ Mini statement)

iv. Cheque book request

v. Bill Payment (Utility bills, credit cards, Insurance premium), Donations,Subscriptions

vi. Mobile Top up

vii. M-Commerce

Auto Sweep facility

Savings Bank Account can be linked to Multi Option Deposit (MOD) Account for earning

additional interest on surplus money.Automatic break up of MOD takes place in casethere is a shortfall in the SB account to honour the cheque drawn.

Multi-city Cheques

50 Multicity cheque leaves (plus cheques given along with welcome kit) free in the first

instance thereafter Rs. 2/- is charged for each subsequent leaf.

YUVA SAVINGS BANK ACCOUNT[Print Page]

It is a special Savings Bank product for the youths.

Eligibility

Residents, above 18 years of age and upto 30 years of age, at the time of entry.Account to continue as it is, even if the account holder attains the age of 30years.

ATM- cum-Debit card facility

Yuva Card (Visa), which have many concessionary/ complementary facilities, willbe issued free of cost.

Remittance/ collection

o One draft / Bankers Cheque will be issued free, per calendar month,

favouring Educational Institutions or for applying jobs.o Free collection of one cheque, with a ceiling of Rs. 20,000/- per month.

https://m.onlinesbi.com/







Other Facilities

As applicable to Normal Savings Bank Account.

TERM DEPOSITS[Print Page]

Key features: • Period of deposit from 7 days to 10 years.

• Deposit Amount: Minimum: Rs.1000/-, Maximum: No limit

• Payment of interest at Monthly/Quarterly/Calendar quarter basis as per

requirement.

• Payment of interest on monthly interval will be at discounted rate.

• TDS will be deducted when interest is paid or accrued or reinvested per

customer, per branch, exceeds Rs. 10,000 in a financial year. • Loan/overdraft up to 90% of term deposit amount. Interest rate will be charged

at 0.50% over the rate paid on the deposit. Premature Withdrawal

• For single deposit of Rs. 15 lacs and above but below Rs. 1 Crore, there shall be

no penalty for premature withdrawal of deposits with tenure below 1 yearprovided the deposit has remained with the bank for at least 7 days..

• In other cases, the interest shall be paid at 0.50% below the interest rate

applicable for the period the deposit had remained with the Bank or 0.50% belowthe contracted rate, whichever is lower. However, no interest will be paid if thedeposit had remained for less than 7 days.

Automatic renewals will take place only where there is no maturity instructionsrecorded at the time of opening the Term Deposit account or before maturity of deposit.

RECURRING DEPOSIT [Print Page]

Key features-

Monthly deposits of Minimum Rs.100/- no maximum.

Minimum period 12 months maximum 120 months.

Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD.

Loan / Overdraft up to 90% available against the balance in RD account.

TDS is not applicable.







REINVESTMENT PLAN[Print Page]

Period of term deposit from 6 Months to 10 years.

All the features of TERM Deposit with Interest compounded quarterly. Maturitymandates obtained at the time of placing deposits. If no mandate is available,then renewed automatically for the similar period at the prevailing interest rate atthe time of renewal.

Flexibility to convert Special Term Deposit to Term Deposit and vice versa.

SBI Home Loans

"THE MOST PREFERRED HOME LOAN PROVIDER " voted inAWAAZ ConsumerAwards along with the MOST PREFERRED BANK AWARD in a survey conductedby TV 18in association with AC Nielsen-ORG Marg in 21 cities acrossIndia.

SBI Home Loans come to you on the solid foundation of trust and transparency built inthe tradition of State Bank of India.

Best Practices followed in SBI mentioned below will tell you why it makes sense to dobusiness with State Bank of India.

SBI Home Loans Unique Advantage

• Package of exclusive benefits.

• Low 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 13,700 branches nationwide, you can get your Home Loan accountparked at a branch nearest to your present or proposed residence.

FEATURES[Print Page]

Eligibility:

Minimum age: 18 years as on the date of sanction

Maximum age: 70 years. i.e. the age by which the loan should be fully repaid, subject

to availability of sufficient, regular and continuous source of income for servicing theloan repayment.







Loan Amount:

Actual loan amount will be determined taking into consideration such factors as

applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposedhouse/flat etc. To enhance loan eligibility you have option to add:

1) Income of your spouse/ your son/ daughterliving with you, provided they have a steady

income and his/ her salary account ismaintained with SBI.

2) Expected rent accruals (less taxes, cess, etc.)if the house/ flat being purchased is proposedto be rented out.

3) Depreciation, subject to some conditions.

4) Regular income from all sources.

Security:

• Equitable mortgage of the property

Margin/ LTV Ratio:

Individual Home Loan Amount Margin (Min.)(%) LTV Ratio (%)

Upto Rs. 20 Lacs 10 90

Above Rs. 20 Lacs. and upto Rs. 75lacs

20 80

Above Rs. 75 lacs 25 75

SBI NEW CAR LOAN SCHEME[Print Page]

SBI provide the best car loan scheme for you.

Salient features:

• No Advance EMI;

• Longest repayment tenure (7 years);

• Lowest interest rates;

• Lowest EMI;

• LTV 85% of 'On Road Price' of car (includes registration, insurance and cost of

accessories worth Rs 25000), 90% in case of Corporate Salary Packageaccounts;

• Interest Calculated on Daily Reducing Balance;• Flexibility of payment of EMI anytime during the month;





• No pre-payment penalty;

• Optional SBI Life cover;

• Overdraft facility available. Purpose

For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs.

Eligibility

To avail an SBI Car Loan, you should be :

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

• Regular employee of State / Central Government, Public Sector Undertaking,

Private company or a reputed establishment.

• Professionals, self-employed, businessmen, proprietary/partnership firms who is

an income tax assessee.• Person engaged in Agricultural and allied activities.

• Net Annual Income Rs. 2,50,000/- and above.

Loan Amount

There is no upper limit for the amount of a car loan. A maximum loan amount of 48times of Net Monthly Income or 4 times of Net Annual Income can be sanctioned.

Documents Required

You would need to submit the following documents along with the completed applicationform:

1. Statement of Bank account of the borrower for last 6 months.2. 2 passport size photographs of borrower(s).

3. A copy of passport /voters ID card/PAN card.4. Proof of residence.5. Latest salary-slip showing all deductions6. I.T. Returns/Form 16: 2 years for salaried employees and 2 years

for professional/self-employed/businessmen duly accepted by the ITOwherever applicable

7. Proof of official address for non-salaried individuals

Margin

15% of the on road price (which includes vehicle registration charges, insurance, one-time road tax and accessories).

Repayment

You can enjoy the longest repayment period in the industry with us as long as 84months.

Reimbursement of costs of car purchased by own sources



We also reimburse finance for the cars purchased out of own funds which are not morethan 3 month old at rate of interest applicable to New Car.

2-WHEELER LOAN

[Print Page]

SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.

SBI offers you:

• No Advance EMI;

• Lower interest rates Lowest EMI;

• LTV 85% of ‘On Road Price’ of vehicle;

• Interest Calculated on Daily Reducing Balance;

• Flexibility of payment of EMI anytime during the month;

• Low processing fee (only 1.22% of loan amount);

• Free Accidental insurance ;

• Optional SBI Life cover.

The Scheme

Purpose

To provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/

moped/battery-operated vehicles.

Eligibility

To avail an SBI Car Loan, you should be :

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

• A Permanent employee of State / Central Government, Public Sector Undertaking,

Private company or a reputed establishment or

• A Professionals or self-employed individual who is an income tax assessee or

• A Person engaged in agriculture and allied activities.

• Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated

scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers)





Salient Features

Loan Amount

• For salaried persons, the maximum loan amount is restricted to 6 time’s Net

Monthly Income (NMI), i.e. net of all deductions including actual monthly taxdeductions at source.

• In case of others, the maximum loan amount is restricted to half of Net AnnualIncome (NAI), i.e. income as per latest income tax return filed less taxes payable.

• For agriculturists, the net annual income should be arrived based on the nature of

their activity (i.e. farming, dairy poultry, orchards, etc) land holding, croppingpattern, yield, etc., and average level of income derived there from in the area.

Documents Required

The following papers are to be submitted along with loan application:

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 and TDS certificate-Form 16 in case of

salaried persons

7. Copy of Income Tax Return for last two financial years, duly acknowledged by ITO

for professionals, self-employed and others.

8. Proof of official address for non-salaried individuals.

Margin

15% of the on the road price (which includes vehicle registration charges, insurance,

one-time road tax).

Repayment

You can repay the loan within 36 months.

XPRESS CREDIT PERSONAL LOAN[Print Page]

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 medicaltreatment? SBI Xpress Credit Personal Loan is the answer to your questions.

Access this facility from over 13000 branches across the country and confidently facethe challenge of meeting any kind of personal expenses!!





Enjoy the SBI Advantage:

Low interest rates. Further, we charge interest on a daily reducing balance!!

Low processing charges; only 1% of loan amount

No hidden costs or administrative charges.

No security required ……which means minimal documentation…something that youhad always wanted.

No prepayment penalties. Reduce your interest burden and optimally utilize yoursurplus funds by prepaying the loan (1% of the loan amount will be charged if you

repay the loan before 6 months)

Long repayment period of up to 60 months

The Scheme

Purpose

We provide personal loans to the employees of specific companies (mentioned below)at zero margin, low security, very competitive interest rates with fast and easyprocessing.

a) Leading PSUs

b) Govt. organizationsc) Quasi-Govt. organizationsd) Reputed private sector organizations

Eligibility

Income

•Rs.5000/- [may be reduced to 3000/- only if salary A/cs of entire enterprise are withus]

•EMI/NMI Ratio should not exceed 50

Loan Amount • Min: Rs.24,000/-

• Max: 24 X NMI (Demand Loan) with an upper ceiling of Rs.15.00 lacs

Repayment Period

Min 6 month

Max 60 month / 5 years



Margin

Nil

Processing Fees

1% of the Loan Amount

SBI SARAL PERSONAL LOAN[Print Page]

Do you want funds readily available to you whenever you desire or need, be it a suddenvacation that you plan with your family or urgent funds required for medical treatment?SBI Saral - Personal Loan is the answer to your questions.

Access this facility from over 3000 branches across the country and confidently face the

challenge of meeting any kind of personal expenses!!

Enjoy the SBI Advantage :

Low interest rates. Further, we charge interest on a daily reducing balance!!

Low processing charges; only 2%-3% of loan amount

No hidden costs or administrative charges.

No security required ……which means minimal documentation…something that you hadalways wanted.No prepayment penalties. Reduce your interest burden and optimally utilize yoursurplus funds by prepaying the loan (1% of the loan amount will be charged if yourepay the loan before 6 months)

Long repayment period of up to 48 months.

The Scheme PurposeThe loan will be granted for any legitimate purpose whatsoever (e.g. expenses fordomestic or foreign travel, medical treatment of self or a family member, meeting anyfinancial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)

EligibilityYou are eligible if you are a Salaried individual of good quality corporate, self employedengineer, doctor, architect, chartered accountant, MBA with minimum 2 yearsstanding.

Salient Features

Loan AmountYour personal loan limit would be determined by your income and repayment capacity.

Minimum : Rs.24,000/- in metro and urban centresRs.10,000/- in rural/semi-urban centres





Maximum : 12 times Net Monthly Income for salaried individuals and pensioners subjectto a ceiling of Rs.10 lacs in all centres

Documents RequiredImportant documents to be furnished while opening a Personal Loan Account:

For existing bank customersPassport size photograph From salaried individuals Latest salary slip and Form 16

MarginWe do not insist on any margin amount.

Interest Rates:Click here for Interest Rates

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.

SecurityNIL

Processing Fee Processing charges are 2-3% of the loan amount. This is amongst the lowest fees in theindustry. Processing fees have to be paid upfront. There are no hidden costs or otheradministrative charges.

PERSONAL LOAN AGAINST THIRD PARTY SECURITY [Print Page]

Base Rate 9.70 % w.e.f. 04.02.2013

Loans against NSCs/KVPs/RBI Relief Bonds/Surrender Value of SBI Life

/LIC/SBI Magnums, etc.

Tenure Rate of Interest

Upto 3 years 4.50% above Base Rate,currently 14.20% p.a.

More than 3years andbelow 6 years

4.50% above Base Rate,currently 14.20% p.a.

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CAR LOANS[Print Page]

Interest Rates w.e.f. 04.02.2013 (Base Rate 9.70 % p.a.)

SBI CAR LOAN SCHEME


For all tenuresFor Term Loan and Overdraft:0.75% above Base Rate, i.e. 10.45%p.a.

NRI Car Loan


For all tenures 0.75% above Base Rate, i.e. 10.45%

p.a

Two - Wheeler Loan


Up to 3 years 8.25% above Base Rate i.e. 17.95%p.a.

Used Vehicles



Above 3 yrs 7.50% above Base Rate i.e. 17.20%

p.a.

Certified Pre-owned Car Loan scheme



Above 3 yrs 6.50% above Base Rate i.e. 16.20%p.a.

SBI COMBO LOAN SCHEME





For all tenures For Term Loan0.75% above Base Rate i.e. 10.45%p.a.

NOTE: ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE

HOME LOANS - INTEREST RATESWith effect from 04.02.2013

[Print Page]

All Rate are floating only

(Base Rate= 9.70% p.a.)

Loan

Amount

Linkage with Base

Rate over thetenor of the loan

Effective Rate

Upto Rs.

30.00 lacs

0.25% above Base

Rate

9.95% p.a.

Above Rs.30.00 lacs

0.40% above BaseRate

10.10% p.a.

No fixed rate option in any limit bracket.




DOMESTIC TERM DEPOSITS[Print Page]

The revised interest rates for Domestic Term Deposits

‘Below Rupees One Crore’ effective from the 1st April 2013

would be as under:

(All figures in % per annum)

Rates w.e.f.01.04.2013(No change)

7 days to 90 days 6.50


180 days 6.50

181 days to 240days

6.50

241 days to lessthan 1 year

6.50

1 year to less than 2

years8.75

2 years to less than3 years

8.75


8.75

5 years and up to10 years

8.75

RESIDENT INDIAN SENIOR CITIZENS DEPOSIT RATES

The premium for Senior Citizens will be 0.25% per annum on retail deposits of one yearand above. Accordingly, the interest rates payable on deposits to resident Indian SeniorCitizens (60 years and above) for Domestic Term Deposits ‘Below Rupees One

Crore’ effective from the 1st April 2013 is as under:

(All figures in % per annum)

Rates w.e.f.01.03.2013

(No change)







180 days 6.50

181 days to 240days

6.50

241 days to less

than 1 year 6.50

1 year to less than 2

years9.00


9.00


9.00

5 years and up to10 years

9.00

The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the

applicable rates. The rate applicable to SBI Pensioners of age 60 years and above will be1.00% above the rate payable to resident Indian senior citizens i.e. SBI resident Indian

Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident IndianSenior Citizens (0.25%).

The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on “SBI Tax Savings Scheme 2006(SBITSS)” schemes and NRO deposits shall be aligned as per the proposed rates for domestic termdeposits. However, NRO deposits of Staff are not eligible for additional 1%interest otherwise applicable to staff domestic retail deposits, these rates of

interest shall also be made applicable to domestic term deposits from CooperativeBanks.

Premature Withdrawal:

(a) For Single term deposit of less than Rs 15 lacs, in case of premature withdrawals,

the interest rate shall be 0.50% below the rate applicable for the period thedeposit remained with the bank or 0.50% below the contracted rate whichever islower for all tenorsprovided these have remained with the bank for at least 7days.

(b) However, for Single term deposit of Rs 15 lacs and above but below Rs 1 Crore,

for tenors below 1 year, there shall be no penalty for premature withdrawal of deposits provided these have remained with the Bank for atleast 7 days.

(c) For Single term deposit of Rs 15 lacs and above but below Rs 1 crore, for tenorsof 1 year and above in the case of premature withdrawals, the interest rateshall be 0.50% below the rate applicable for the period the deposit remained with

the bank or 0.50% below the contact rate whichever is lower provided these haveremained with the bank for at least 7 days.

(d) These instructions for premature withdrawals will apply only to fresh deposits andrenewed maturing deposits.

(e) There is no discretion for reduction/waiver of penalty for premature withdrawal of

term deposits.



(f) No premature penalty will be levied from staff and SBI pensioners. Interest rateto be paid on premature withdrawal of term deposits by staff and SBI pensionerswill be same as applicable for the period the deposit has remained with the Bank.

The revised interest rates on ‘Domestic Term Deposits’ of ‘Rs One Crore & above’

with effect from 7th June 2013would be as under:

Tenors

Existing

w.e.f.01.03.2013

forPublic

Revised

w.e.f.07.06.2013

forPublic

Existing

w.e.f.

01.03.2013

forSenior

Citizens

Revised

w.e.f.07.06.2013

forSenior Citizens

7days

to180

days

7.50% 7.25% 7.50% 7.50%

181days

to270

days

7.50% 7.25% 7.50% 7.50%

271days

tolessthan

1year

7.50% 7.25% 7.50% 7.50%

1yearto

lessthan

2years

8.75% 8.75% 9.00% 9.00%

2years

to

lessthan

5

years

8.75% 8.75% 9.00% 9.00%

5yearsto 10years

8.75% 8.75% 9.00% 9.00%