HISOTRY<br />Bank of Baroda (BOB) is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank.<br />BOB has total assets in excess of Rs. 2.27 lakhcrores, or Rs. 2,274 billion, a network of over 3,000 branches and offices, and about 1,100 ATMs. <br />IT plans to open 400 new branches in the coming year. <br />
<ul><li>It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total business was Rs. 4,402 billion as of June 30.As of August 2010, the bank has 78 branches abroad and by the end of FY11 this number should climb to 90. In 2010, BOB opened a branch in Auckland, New Zealand, and its tenth branch in the United Kingdom. The bank also plans to open five branches in Africa. </li></li></ul><li>Bank of Baroda Building in Dubai<br />
1967: The Tanzanian government nationalized BoB’s three branches there and transferred their operations to the Tanzanian government-owned National Banking Corporation.
1969: The government of India nationalized 14 top banks, including BOB.
BOB incorporated its operations in Uganda as a 51% subsidiary, with the government owning the rest.</li></li></ul><li>1970s<br /><ul><li>
1972: BOB acquired The Bank of India’s operations in Uganda.
1974: BOB opened a branch each in Dubai and Abu Dhabi.
1975: BOB acquired the majority shareholding and management control of Bareilly Corporation Bank (est. 1928) and Nainital Bank (est. in 1954), both in Uttar Pradesh. Since then, Nainital Bank has expanded to Uttarakhand State.
1976: BOB opened a branch in Oman and another in Brussels. The Brussels branch was aimed at Indian firms from Mumbai (Bombay) engaged in diamond cutting and jewellery having business in Antwerp, a major center for diamond cutting.
1978: BOB opened a branch in New York and another in the Seychelles.
1979: BOB opened a branch in Nassau, the Bahamas.</li></li></ul><li> <br /><ul><li>1980s
BOB opened a branch in Bahrain and a representative office in Sydney, Australia.
BOB, Union Bank of India and Indian Bank established IUB International Finance, a licensed deposit taker, in Hong Kong. Each of the three banks took an equal share.
1985: BOB (20%), Bank of India (20%), Central Bank of India (20%) and ZIMCO (Zambian government; 40%) established Indo-Zambia Bank (Lusaka). BOB also opened an Offshore Banking Unit (OBU) in Bahrain.</li></li></ul><li> <br /><ul><li>1990s1988: BOB acquired Traders Bank, which had a branch network in Delhi.
1990: BOB opened an OBU in Mauritius, but closed its representative office in Sydney.
1991: BOB took over the London branches of Union Bank of India and Punjab & Sind Bank (P&S). P&S’s branch had been established before 1970 and Union Bank’s after 1980. The Reserve Bank of India ordered the takeover of the two following the banks' involvement in the Sophia fraud in 1987 and subsequent losses.
1992 BOB incorporated its operations in Kenya into a local subsidiary with a small tranche of shares quoted on the Nairobi Stock Exchange.
1998: BOB bought out its partners in IUB International Finance in Hong Kong. Apparently this was a response to regulatory changes following Hong Kong’s reversion to the People’s Republic of China. The now wholly owned subsidiary became Bank of Baroda (Hong Kong), a restricted license bank.
BOB also acquired Punjab Cooperative Bank in a rescue.
BOB also incorporate wholly owned subsidiary BOB Capital MarketsLtd. for Broking Business.
1999: BOB merged in Bareilly Corporation Bank in another rescue. At the time, Bareilly had 64 branches, including four in Delhi.
In Guyana, BOB incorporated its branch as a subsidiary, Bank of Baroda Guyana.
BOB added a branch in Mauritius, but closed its Harrow Branch in London.</li></li></ul><li>2000s<br /><ul><li>2000: BOB established Bank of Baroda (Botswana).
2002: BOB acquired Benares State Bank (BSB) at the Reserve Bank of India’s request. BSB was established in 1946 but traced its origins back to 1871 and its function as the treasury office of the Benares state. In 1964, BSB had acquired Bareilly Bank (est. 1934), with seven branches; it also had taken over Luck now Bank in 1968. The acquisition of BSB brought BOB 105 new branches.
2002: Bank of Baroda (Uganda) was listed on the Uganda Securities Exchange (USE).
2004: BOB acquired the failed Gujarat Local Area Bank, and returned to Tanzania by establishing a subsidiary in Dar-e-Salaam. BOB also opened a representative office each in Kuala Lumpur, Malaysia, and Guangdong, China.
2005: BOB built a Global Data Centre (DC) in Mumbai for running its centralized banking solution (CBS) and other applications in more than 1,900 branches across India and 20 other counties where the bank operates. BOB also opened a representative office in Thailand.
2006: BOB established an Offshore Banking Unit (OBU) in Singapore.
2007: In its centenary year, BOB’s total business crossed 2.09 lakh cores , its branches crossed 1000, and its global customer base 29 million people.
2008: BOB opened a branch in Guangzhou, China (02/08/2008) and in Kenton, Harrow United Kingdom.
2008: BOB opened a joint venture life insurance company with Andhra Bank and Legal and General (UK) called India First Life Insurance Company
2009: The Bank of Baroda registered with the Reserve Bank of New Zealand, enabling it to trade as a bank in New Zealand (2009/09/01)</li></li></ul><li>2010s<br /><ul><li>2010: Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India BIA Bank (Malaysia), will reside in Kuala Lumpur, which has a large population of Indians. Andhra Bank will hold a 25% stake in the joint-venture , BOB will own 40% and IOB the remaining 35%.
BOB Capital Markets Ltd. (BOBCAPS) is a SEBI-registered investment banking company based in Mumbai, Maharashtra.  It is a wholly owned subsidiary of Bank of Baroda. Its financial services portfolio includes Initial Public Offerings, private placement of debts, corporate restructuring, Business valuation, mergers & acquisition, project appraisal and loan syndication.
Assets Rs. 2,78,316.70 cores</li></li></ul><li>KEY BUSINESS DRIVER<br />- seize the opportunity to globalize <br />The mid-eighties marked the beginning of the shift to a buyers` market in the banking space, and Bank of Baroda, was among the first to grasp this pressing imperative. <br />The bank orchestrated its business strategies around the centrality of the customer. <br />It diversified rapidly into the areas of merchant banking, housing finance, credit cards and mutual funds. <br />The strategy also entailed the sustained development of a string of segment - specific branches entrenching operations in profitable markets, the world over. <br />The drive was to revamp overseas operations and intensify structural changes across geographies to provide services across segments with focus on the Indian Diaspora.<br />
The Search for a Solution<br /> <br />After a grueling partner-identification process, that saw the participation and evaluation of several leading solution vendors, Bank of Baroda announced its decision to journey through the global technology-focused business transforma- tion program, ably partnered by Finacle universal banking solution. <br />A centralized and cohesive technology platform to support rapid product introduction, orchestrated operations, increased scalability and true flexibility across international operations, driving down costs and governance hassles, was key to the bank’s transformation strategy and Finacle assured Bank of Baroda of all this and more.<br />
Cash Management & Remittances<br /> <br /> <br />Bank of Baroda Cash Reach:<br /> <br />A product that enables electronic transfers/ cash remittances at designated bank branches through a specialised network of branches. This facilitates the availability of funds and credits in your account on the same day.<br /> <br />Dial Bank of Baroda:<br /> <br />Bank of Baroda also offers 24 hours tele-banking service through landline/ mobile phones, facilitating the following:<br /> <br /> Balance Enquiry,<br /> An Enquiry into the last 5 transactions, and,<br /> Bank statements on fax for the last 2 months.<br />
types of operations:-<br /> <br />Domestic Operations<br /> <br />Bank of Baroda has set up dedicated desks at the SITB, headed by experienced professionals, for undertaking various types of treasury activities in different financial markets. Apart from activities pertaining to management of funds and liquidity, the domestic treasury also handles financial instruments like:<br /> Commercial Papers (CP)<br /> Certificate of Deposits (CD)<br /> Government Securities<br /> Treasury Bills (TB)<br /> Bonds and Debentures<br /> Equities and various other derivatives. <br /> <br />
The products and services offered by SITB cater to the inter-bank market as well as to the Corporate customers of the bank.<br /> The Bank is an active participant both in the inter-bank market and the corporates for all the products.<br />The Bank offers its customers, including firms, companies, corporate bodies, institutions, provident funds trusts, Regional Rural Banks, Urban Cooperative Banks and Non-Banking Financial Companies opportunities to invest in Government Securities as allowed by Reserve Bank of India for non-competitive bidding.<br />
Forex Operations<br />Bank of Baroda, one of the major public sector banks in India having a strong global presence with a wide network of 84 overseas offices, including those of subsidiaries, spread over 26 countries, is considered as a market leader in foreign exchange operations in India.<br /> At present the Bank is having branches / offices in countries like USA, UK, Belgium, South Africa, Hong Kong, UAE, Oman, Fiji Islands, Mauritius, Seychelles, Bahamas, Guyana, Kenya, Uganda and Zambia.<br /> The Bank has completed fifty years of operations in overseas territories and is poised to expand its reach to countries like Tanzania and China, apart from consolidating its overseas operations in those countries where the bank has already made its presence felt.<br />
<br />The modern state-of-the-art dealing room at its Specialised Integrated Treasury Branch (SITB) at Mumbai provides the necessary wherewithal to its 130 designated branches across the length and breadth of the country authorized to handle foreign exchange business of its clientele.<br /> The bank has retained its primacy as a leading market maker both in spot and forward markets, along with foreign exchange swap markets.<br /> <br />The forex dealing desk at the SITB is provided with all modern communication facilities and is in the process of linking all its authorized branches via Reuters Automated Dealing System, to provide on-line quotes for foreign exchange transactions.<br /> <br />Through its large network of authorized branches, the bank caters to the foreign exchange needs of its clientele engaged in export and import trade and the SITB provides rates for conversion of all major world currencies like U S Dollar, Sterling Pounds, Euro, Swiss Francs, Japanese Yen and other exotic currencies. <br />
Deposits <br />Irrespective of whether your needs are short term or for longer periods, Bank of Baroda enables you to maximise your savings and can offer good return on investment through its Deposit plans.<br />Deposit Products & Services<br /> Fixed<br /> Short Term (Under 12 months)<br /> <br /> Term Deposits (Over 12 months)<br /> <br />
Loans & Advances<br />In addition to Working Capital Finance and Term Finance, Bank of Baroda has laid out a comprehensive suit of products specifically catering to SSI (small-scale industries) and Small Business Borrowers.<br />Loan and advances offered by Bank of Baroda are -<br />Working Capital Finance<br />Term Finance<br />SSI (Small Scale Industries)<br />Baroda SME Loan Pack<br />Small Business Borrowers<br />
Services <br />Apart from the Loans, Deposits, Credit and Debit Cards, Bank of Baroda offers other services to make financial dealings easy and convenient.<br /> <br />1.Key services<br /> Remittances (Baroda Money Express) <br />2.Collection Services<br />3.ECS (Electronic Clearing Services)<br />4.Debit Cards<br /> <br />
1.Remittances (The BoB Money Express)<br /> <br />Business relations get strengthened and add to the trust when financial dealings happen on time.<br /> The Bank of Baroda remittance facility expedites payments and transfer of funds, saving you and your associates from waiting endlessly for funds to get credited.<br />This facility is for both retail and corporate customers enabling efficient and easy transfer of money.<br /> So no more delays in transfer of funds typical of Banker's Cheque, Demand Drafts, Mail Transfers and Telegraphic Transfers.<br />
Key Benefits<br /> Can be used to transfer money to the beneficiary's account in the same bank, or another bank or even to their residential/office address, thus offering convenient options.<br /> <br /> This electronic remittance is the fastest way of transferring money from one place to another, at no additional cost.<br /> <br /> Added convenience of hassle free and quick customer service.<br /> <br /> The facility is available at 345 branches across 53 centres in India inclusive of all branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune (CLICK HERE for the entire list of centres where the BOB Money Express is available).<br />
<br />2.Collection Services<br /> <br /> <br />Outward Bills for Collection:<br /> <br />All branches of Bank of Baroda have the facility of collecting Cheques, Demand Drafts, Interest Warrants, Dividend Warrants, Refund Orders, Clean Bills and Documentary Bills from customers and various centres.. All Cheques and other instruments are collected into properly introduced accounts and sent for collection on the day of receipt from the customers or the next working day.<br /> <br />Time Bound Collection:<br />All branches of Bank of Baroda are prompt in terms of the collections and forwarding of cheques and other instruments. For metro cities, when financial instruments are presented in a branch, the proceeds are credited to the customer's account on the same day in the following week. For state capitals, (and centres with more than 100 branches), amount is credited only after 10 days. If these instruments are not collected within 14 days of lodgement, interest @ 2% per annum over savings bank rate is paid and is credited to the customer's account, without the customer having to claim it.<br />
Inward Bills for Collection:<br />Bills of Exchange, Promissory Notes, Hundi's etc. (Clean / Documentary), payable locally but received from outstation branches / banks / parties are treated as "Inward Bills for Collection". Also, Bills received from Bank of Baroda branches and from other banks, directly from drawers or outstation parties are treated as Usance (??) Bills.<br /> <br />BoB Quick:<br />The Funds collected in this offering are credited to the customer's account within a guaranteed period of 7 days. Bank of Baroda's BoB Quick ensures a better collection service, which creates new avenues of income and ensures better investment of funds. All cheques amounting to Rs. 25000/- and above are drawn on select banks and are eligible for "Quick inter station clearing". Rs. 50/- per packet is charged for courier charges with an additional but nominal collection charge.<br /> <br />
National Clearing Special Facilities:<br />This product is an undertaking by the Reserve Bank of India, for inter city clearing of cheques between the four metropolitan centres of Delhi, Mumbai, Chennai and Calcutta.<br /> <br />Key Benefits<br /> Settlement of transactions on the basis of net value of instruments.<br /> <br /> All financial instruments are cleared promptly with the introduction of mechanisedcheque processing, achieved through MICR technology.<br /> The concept of clearing has been extended to clearance of outstation cheques also.<br /> In addition to the four metropolitan centres, certain other centres have also been identified for "One Way National Clearing".<br /> These centres are Nagpur, Ahmedabad, Hyderabad, Bangalore, Pondichery, Trichy, Trivendrum, Vellore, Baroda, Erode, Madurai, and more. <br />
3.Electronic Clearing Services (ECS)<br /> <br />This is a unique system under which Bank of Baroda helps companies and institutions making heavy payments disburse these amounts directly into the bank accounts of the beneficiaries such as account holders, shareholders, investors etc.<br /> <br />Key Benefits<br />Fayde to a Corporate Body: <br />Corporate bodies who have periodic, large volume payments to a fixed group investors / beneficiaries enjoy the following benefits:<br /> Savings in administrative cost presently being incurred for printing of paper instruments in MICR format and dispatching them by Registered Post.<br /> <br /> Elimination of fraudulent encashment due to loss in transit of instruments.<br />
Fayde to the customers:<br /> Prompt payment on the due date.<br /> Convenient receipt of money reduces trips made to the bank for depositing dividend/interest warrants.<br /> Elimination of fraudulent encashment against instruments lost in transit. <br /> <br />
BoB Cash Reach:<br /> <br />A tailor made product for customers, that enables faster remittance of funds. A more economic, convenient, smoother mode of operation which can be availed of by a well supported network of centres.<br /> <br /> Smoother: Time and money spent on dispatches are saved<br /> More economic: Involves a premium service at nominal cost with a pickup service from the client's office.<br /> More Convenient: The collection and credit are both done on days convenient to the client.<br />Centred towards client benefits: All the benefits are passed on to the clients, in terms of enhanced quality, ease of liquidity and profit maximisation through better resource management.<br /> Spread over a good network: Initially launched at 5 centres, with the connectivity to be now fanned over to around 200 centres. <br /> <br />
4.debit card<br /> The Bank of Baroda International Debit Card is accepted at over 10000 Visa Electron ATMs in India and 850000 ATMs worldwide. The card is also accepted at any 100000 merchant outlets in India and around 13 millions globally. The card enables you to enjoy the convenience of cash-less purchasing power without the fear of overdrawing your account<br />Key Benefits<br /> <br /> Take advantage of the most widely accepted card and be able to withdraw from any ATM displaying the VISA logo, in India and abroad.<br /> <br /> At VISA Electron merchant shops, it can also serve as your electronic purse, and money gets debited instantly from your account, as you pay.<br /> <br /> The Card allows you to get mini-statements from Bank of Baroda ATMs, or to check the balance in your account, avoiding visits to even our nearest branches. <br />Go for Bank of Baroda Debit Cards and go mobile with your money! <br /> <br /> <br /> <br />
lokers system of bank of baroda:-<br />Lockers<br /> Our Bank has adopted the various guidelines issued by Reserve Bank of India in connection with allotment of Safe Deposit Lockers and Safe Custody articles facility and allowing access to the nominees / survivors / legal representatives in the event of the death of the Locker Hirer/s and Depositor/s of Safe Custody articles.<br />
Allotment & Operations of Locker:<br /> <br /> The lockers will be allotted on first come first served basis to the customers only. A waiting list register is maintained by the branches for the purpose.<br /> <br /> At the time of hiring the locker, bank will obtain a Fixed Deposit under bank's lien which would cover 3 years rent and the charges for breaking open the locker in case of an eventuality.<br /> The hirer of the locker will be provided the copy of the agreement i.e. 'Memorandum of Letting' by the bank.<br /> <br /> Loss of key should be immediately informed to the Branch.<br /> <br /> With standing instruction, the rent may be paid from the deposit account of the hirer on due date.<br /> <br />
Deposits<br /> Bank of Baroda offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features. <br />Apart from competitive interest rates and convenient withdrawal options, our deposit plans offer other features such as overdraft facility, outstation cheque collections, safe deposit lockers, ATM's etc. <br />Fixed deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits. These deposit plans offer convenient solutions to both working individuals as well as senior citizens. <br />Current and saving deposits are ideal for individuals who wish to take advantage of multiple benefits within the same plan and even be eligible to opt for overdrafts.<br />
Introduction<br /> The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. <br />The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. <br />It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal.<br />These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921. An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent India, in 1951.<br />The Plan aimed at serving the Indian economy in general and the rural sector of the country, in particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their services to the urban sector<br />
History of state bank of india<br /> <br />The roots of the State Bank of India rest in the first decade of 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843).<br />All three Presidency banks were incorporated as joint stock companies, and were the result of the royal charters. These three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act, a right they retained until the formation of the Reserve Bank of India<br />. The Presidency banks amalgamated on 27 January 1921, and the reorganized banking entity took as its name: Imperial Bank of India. The Imperial Bank of India remained a joint stock company<br /> <br />Pursuant to the provisions of the State Bank of India Act (1955), the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 30 April 1955, the Imperial Bank of India became the State Bank of India.<br />
<br />The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtramerged with SBI, reducing the number of state banks from seven to six. <br />Then on 19 June 2009 the SBI board approved the merger of its subsidiary, State Bank of Indore, with itself. SBI holds 98.3% in State Bank of Indore.<br />(Individuals who held the shares prior to its takeover by the government hold the balance of 1.77%.)<br /> <br />The acquisition of State Bank of Indore added 470 branches to SBI's existing network of 12,448 and over 21,000 ATMs. Also, following the acquisition, SBI's total assets will inch very close to the Rs 10-lakh croremark. Total assets of SBI and the State Bank of Indore stood at Rs 998,119 crore as on March 2009.<br />The process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore Branches started functioning as SBI branches on 26 August 2010.<br />
BranchesThe corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India. <br />
ATM Services<br />SBI provides easy access to money to its customers through more than 8500 ATMs in India. The Bank also facilitates the free transaction of money at the ATMs of State Bank Group, which includes the ATMs of State Bank of India as well as the Associate Banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, etc. You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card. <br />
Subsidiaries<br />The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries. Through the establishments, it offers various services including merchant banking services, fund management, factoring services, primary dealership in government securities, credit cards and insurance. <br />
The eight banking subsidiaries are:<br />State Bank of Bikaner and Jaipur (SBBJ) <br />State Bank of Hyderabad (SBH) <br />State Bank of India (SBI) <br />State Bank of Indore (SBIR) <br />State Bank of Mysore (SBM) <br />State Bank of Patiala (SBP) <br />State Bank of Saurashtra (SBS) <br />State Bank of Travancore (SBT)<br />
PROFILE<br /> <br />The SBI’s powerful corporate banking formation deploys multiple channels to deliver integrated solutions for all financial challenges faced by the corporate universe. The Corporate Banking Group and the National Banking Group are the primary delivery channels for corporate banking products. <br />
Function of state bank of india<br />The State Bank of India acts as an agent of the ReserveBank of India and performs the following functions: (1) Borrows money:- The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money:- It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities. The Bank can lend against agricultural bills upto a maximum period of fifteen months and incase of other bills upto a maximum period of six months. (3) Banker's Bank:-The State Bank of India acts as the banker's bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. It also acts as the clearing house of the commercial bank. <br />
(4) Government's Bank:- The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government. The Bank also manages the debts floated by the State Governments. (5) Remittance:- The State Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank:- The State Bank of India performs the functions of a Central Bank. (7) Subsidiaryfunctions:- The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer. It receives valuables and documents for safe custody and maintains safe depositvaults.<br /> <br />
PERSONAL FINANCE<br />State Bank of India has a variety of schemes under Personal Finance to satisfy varying needs of the banking public. The Bank offers the following schemes with attractive rates of interest: <br />* Housing Loan* Property Loan* Car Loan* Educational Loan* Personal Loan* Loan to Pensioners* Credit Khazana* Loan Against Shares/Debentures * Loan For ESOPS * Festival Loans * Tribal-Plus Scheme* EMI Calculator* CENTRAL SCHEME FOR INTEREST SUBSIDY ON EDUCATION LOANS <br />
SBI Home Loans <br />"THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21 cities across India.<br />SBI HOME LOANS now offers Interest Rates concessions on GREEN HOMES in accordance with SBI's commitment to Environment protection.<br />
SBI Home Loans Unique Advantage<br /> <br />Package of exclusive benefits.<br /> <br />Low interest rates. Further, we charge interest on a daily reducing balance!!<br /> <br />Low processing charges.<br /> <br />No hidden costs or administrative charges.<br /> <br />No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.<br /> <br />Over 13,700 branches nationwide, you can get your Home Loan account parked at a branch nearest to your present or proposed residence.<br /> <br />
PROPERTY LOAN <br />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. <br />
Car loan<br />SBI provide the best car loan scheme for you to take a loan below Rs 5 lacs.<br />
EDUCATION LOANS(SBI STUDENT LOAN SCHEME)<br />A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.<br />
CREDIT KHAZANA<br />The "SBI Credit Khazana" Scheme offers Housing Loan customers, concessions in interest rates and margins when they subsequently avail of any of the following loans: Car Loan, Scoom, Education Loan, Personal Loan, Tractor Loan.<br />
services<br />Listed on the left are Services, SBI offers to its customers.<br />DOMESTIC TREASURY <br />SBI VISHWA YATRA FOREIGN TRAVEL CARD <br />BROKING SERVICES <br />REVISED SERVICE CHARGES <br />ATM SERVICES <br />INTERNET BANKING <br />E-PAY <br />E-RAIL <br />RBIEFT <br />SAFE DEPOSIT LOCKER <br />MICR CODESFOREIGN INWARD REMITTANCES<br />
BROKING SERVICES<br />We are happy to announce that SBI Capital Markets Ltd. has expanded its retail broking network to help investors carry out their broking transactions with confidence. At present the investors can buy/sell shares at both NSE and BSE through their Retail Broking Centres in the cash market.We furnish hereunder the location of these Centres with full particulars of the contact persons.All investors can approach these branches for their broking needs.<br />
ATM SERVICES<br />STATE BANK NETWORKED ATM SERVICES<br />State Bank offers you the convenience of over 21,000 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 Mysore, State Bank of Patiala, 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<br />
E-PAY<br />Bill Payment@OnlineSBI.com (e-Pay) will let you to pay your Telephone, Mobile, Electricity, Insurance and Credit Card bills electronically over our Online SBI website http://www.onlinesbi.com. Say good-bye to queues: Check & Pay your bills online, 24 hours a day, over e-Pay. You even get a Cyber Receipt for your payments done online or scheduled over online SBI!<br />If your biller presents bills online, you can also give us AutoPay instructions and we will pay the bills as and when it falls due.<br />
SAFE DEPOSIT LOCKER<br />the safety of your valuables we offer our customers safe deposit vault or locker facilities at a large number of our branches. There is a nominal annual charge, which depends on the size of the locker and the centre in which the branch is located.<br />
E-RAIL<br />Book your Railways Ticket Online.<br />The facility has been launched wefIst September 2003 in association with IRCTC. The scheme facilitates Booking of Railways Ticket Online.<br />
FOREIGN INWARD REMITTANCE <br />· Drafts in Indian rupees can be purchased from exchange companies or our correspondents and mailed to the branch where you have your account. <br />
INTERNATIONAL BANKING<br />International banking services of State Bank of India are delivered for the benefit of its Indian customers, non-resident Indians, foreign entities and banks through a network of 131 offices/branches in 32 countries as on 31 July 2009, spread over all time zones. The network is augmented by a cluster of Overseas and NRI branches within India and correspondent links with over 522 banks, the world over. Bank's Joint Ventures and Subsidiaries abroad further underline the Bank's international presence.<br />
CORPORATE BANKING<br />SBI is a one shop providing financial products / services of a wide range for large , medium and small customers both domestic and international.<br />