Banking originated in India in the late 18th century with the oldest bank being the State Bank of India founded in 1806. In 1949, the Reserve Bank of India was made the central banking authority and was empowered to regulate all banks through the Banking Regulation Act, which required licenses to open new banks. Currently, India has many public, private, and foreign banks that offer various banking services including deposits, loans, funds transfers, and more.

2. Banking in India originated in the last decades of the 18th century
The oldest bank in existence in India is the State Bank of India, which
originated in the Bank of Calcutta in June 1806
In 1948, the Reserve Bank of India, India's central banking authority, was
nationalized,
In 1949, the Banking Regulation Act was enacted which empowered the Reserve
Bank of India (RBI) "to regulate, control, and inspect the banks in India."
The Banking Regulation Act also provided that no new bank or branch of an existing
bank could be opened without a license from the RBI, and no two banks could have
common directors.
Currently, India has lot of commercial banks
public sector banks
private banks
-foreign banks.

3. Non Banking
Financial Institution

4. Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharastra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

5. Bank of Rajasthan
Catholic Syrian Bank
Dhanalakshmi Bank
Federal Bank
HDFC Bank
ICICI Bank
ING Vysya Bank
Jammu & Kashmir Bank
Karnataka Bank
Karur Vysya Bank
Kotak Mahindra Bank
SBI Commercial and International Bank
UTI Bank
YES Bank

6. ABN-AMRO Bank
Abu Dhabi Commercial Bank Ltd.
American Express Bank Ltd
BNP Paribas
Citi bank
DBS Bank Ltd
Deutsche Bank
HSBC Ltd
Standard Chartered Bank
Barclays Bank

7. Andhra Bank Dena Bank
Bank of Baroda Indian Bank
Bank of India Indian Overseas Bank
Bank of Maharashtra Oriental Bank of Commerce
Canara Bank Punjab & Sind Bank
Central Bank of India Punjab National Bank
Corporation Bank State Bank of India & Associates
Vijaya Bank Syndicate Bank
IDBI Bank UCO Bank
Union Bank of India
United Bank of India

8. Banking services
 Keeping money safe & also allowing withdrawals when needed
 Issuance of checkbooks
 Provide personal loans, commercial loans, and mortgage loans
 Issuance of credit cards and debit cards
 Allow financial transactions
 ATM Services
 Provide overdraft & DD.
 Notary service for financial and other documents
Foreign exchange services
 Currency Exchange - where clients can purchase and sell foreign currency
banknotes.
 Wire transfer - where clients can send funds to international banks abroad.
 Foreign Currency Banking - banking transactions are done in foreign currency.
Insurance brokers & Stock Brokers

9. Core Banking is a general term used to describe
the services provided by a group of networked bank
branches.
Bank Customers may access their funds and other
simple transactions from any of the member branch
offices at REAL TIME.

10. Internet banking (e banking) is the latest trend in banking products &
services
· Improve customer access
· Facilitate the offering of more services
· Increase customer loyalty
· Attract new customers
· Provide services offered by competitors
· Reduce customer attrition

11. Using Internet banking services,
Using Internet banking services,
Go online:
Go online:
 Inter Bank Transfer
 Third party transfer
 Online standing instructions for periodical transfer
 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

12. Using Internet banking services,
Using Internet banking services,
Go online:
Go online:
Other salient value-added features available are:
 Utility bill payments
 Online Ticket Booking for travel
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

14. Account Information
Mini-statements and checking of account history
Alerts on account activity
Monitoring of term deposits
Access to loan statements
Mutual funds / equity statements
Insurance policy management
Status on cheque, stop payment on cheque
Ordering check books
Balance checking in the account
Recent transactions
Blocking of cards
Payments, Deposits, Withdrawals, and Transfers
Domestic and international fund transfers
Mobile recharging
Bill payment processing
Peer to Peer payments

16. Download Application- (StateBankFreedom.jar)
Register
Check SMS to get User ID ,MPIN & Tid
Change MPIN before using services
To Register Txn
ATM
Services
M Banking
http://www.statebankofindia.com/user.htm

17.  Funds transfer (within and outside the bank )
 Enquiry services (Balance enquiry/ Mini statement)
 cheque book request
 Demat Enquiry Service
 Bill Payment (Credit cards, Insurance premium payments)
 Donations, Subscriptions
 M Commerce (Mobile Top Up, Top up of Tata Sky, Recharge of
Other DTHs, SBI life insurance premium)
 Stop payment instruction on a cheque
 De-activating a credit or debit card
 Foreign currency exchange rates enquiry
 Fixed deposit interest rates enquiry
 Electronic bill payment

18. (Electronic Clearing Service)
Electronic Funds Transfer (EFT) is a system of transferring money from one
bank account directly to another without any paper money changing hands.
SBI e-PAY - A simple and convenient service for receiving and paying your bills online
No more late payments
No more queues
OnlinePay: Using SBI e-PAY you can 'see and pay' your various bills online, directly
from your SBI Account. You can pay telephone, electricity, insurance, credit card and
other bills - from the comfort of your home or office, 24 hours a day, 365 days a year!
AutoPay: You can also set up AutoPay instructions with an upper limit to ensure that
your bills are paid automatically whenever they are due. The upper limit ensures that
only bills within the specified limit are paid automatically, thereby providing you
complete control over these payments.
The e-PAY service is available in various cities across the country and you can now
make payments to several billers in your region.

19. Point of sale (POS) or checkout is the location where a transaction occurs. A
"checkout" refers to a POS terminal or more generally to the hardware and software
used for checkouts, the equivalent of an electronic cash register.

20. SBI -3D Secure Service
The main advantages of shopping online are convenience
and cost savings,
while the main disadvantage is that the item is not
immediately available, and you cannot inspect it
personally before you make your purchase.
https://sbi.electracard.com/sbi/enrollment/enroll_welcome.jsp

21. What are different types of bank accounts?
Savings Account (SB
Current Account(CC
Fixed Deposits account
Recurring Deposits account
DEMAT Account
NRE A/c
NRO A/C
FCNR A/c
CA a/c - Current account
Salary Account
Recurring deposit account
Overdue account - OD a/c
Proprietorship account
Partnership account
Firm account
Company account