This document provides information on various personal and corporate banking products offered by a bank, including:
- Personal banking products like savings accounts, fixed deposits, and retail loans. Savings accounts have minimum balance requirements and offer benefits like debit cards and internet banking. Fixed deposits allow deposit of money for a set time period.
- Corporate banking products like cash credit, overdraft, and term loans for working capital and capital expenditure needs of businesses. Term loans are provided for acquisition of fixed assets up to a certain percentage of the asset value.
- MSME schemes like IOB Micro One that provide credit up to Rs. 50 lacs to micro enterprises with certain investment ceilings and interest rates lower than standard rates.
The report deals with a clear understanding of the lending procedures followed by Indian Overseas Bank. It not only explains the basic concepts and the terminologies used in the banking sector but also gives an insight into the legal aspects and the paper work required for final sanction of a loan proposal.
Indian Overseas Bank Presentation For BCBF StudentGanesh Kamble
Indian Overseas Bank Presentation For BCBF Student With Bank Details.
Introduction
First Chairman
Product and services
Example of Bank Cheque, Payment Slip
Banking Apps
How to Open Saving Bank A/C
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
CHAPTER:-1
INTRODUCTION OF THE STUDY
The report contains the brief description of the state bank of India. It contains the finding and analysis of the survey conducted to gather primary data to judge the importance of various attributes that influence the satisfaction of customer in different manner and to the different extent. These attributes are classified as initial experience, service delivery experience, relationship experience and grievance handling. Further an attempt has been made to know the overall satisfaction of the customer.
Customer satisfaction, a term frequently used in marketing, is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals. Customer service proves to be one of the most important factors governing business.
OBJECTIVE OF THE STUDY:-
• TO find out the customer feedback i.e. improvement required or suggestion.
• To find out the relationship between bank and the customer.
• To study the Satisfaction of customers towards the ― state bank of India.
• To Identify the factors that influences the customer behavior of ―state bank of India.
• To identify the factors those influence the selection of SBI banking services in MUMBAI DISTRICT.
SCOPE OF THE STUDY:-
The present study was undertaken to know the preference of the customer towards state bank of India (SBI). The problem of the customer is they are not aware of the services provided by their bank. The study also force on the customer perception that how the banking services can be improved. In my study I have used both primary sources of data as well as secondary sources of data.
• The study has been conducted on behalf of ―STATE BANK OF INDIA.
• The study is confined to the Mumbai region.
• The study covers the service providers and users of ―STATE BANK OF INDIA.
• The study has put forward the Customers as well as acceptability behavior for the services.
• The scope of the study is to find out the ―Customer Satisfaction
Limitations of the Study:-
The study report consists of few limitations:-
• The report has been conducted within a limited time frame.
• The study is self financed.
• The study is limited to the customer of Mumbai only.
• Only selected Branches and Banks have been considered for the study.
• Samples were selected conveniently.
• The sample size does not represent the total population.
• The sample of size is limited to 30 only and the sample size may not represent whole market.
LITERATURE REVIEW:-
The report deals with a clear understanding of the lending procedures followed by Indian Overseas Bank. It not only explains the basic concepts and the terminologies used in the banking sector but also gives an insight into the legal aspects and the paper work required for final sanction of a loan proposal.
Indian Overseas Bank Presentation For BCBF StudentGanesh Kamble
Indian Overseas Bank Presentation For BCBF Student With Bank Details.
Introduction
First Chairman
Product and services
Example of Bank Cheque, Payment Slip
Banking Apps
How to Open Saving Bank A/C
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
CHAPTER:-1
INTRODUCTION OF THE STUDY
The report contains the brief description of the state bank of India. It contains the finding and analysis of the survey conducted to gather primary data to judge the importance of various attributes that influence the satisfaction of customer in different manner and to the different extent. These attributes are classified as initial experience, service delivery experience, relationship experience and grievance handling. Further an attempt has been made to know the overall satisfaction of the customer.
Customer satisfaction, a term frequently used in marketing, is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals. Customer service proves to be one of the most important factors governing business.
OBJECTIVE OF THE STUDY:-
• TO find out the customer feedback i.e. improvement required or suggestion.
• To find out the relationship between bank and the customer.
• To study the Satisfaction of customers towards the ― state bank of India.
• To Identify the factors that influences the customer behavior of ―state bank of India.
• To identify the factors those influence the selection of SBI banking services in MUMBAI DISTRICT.
SCOPE OF THE STUDY:-
The present study was undertaken to know the preference of the customer towards state bank of India (SBI). The problem of the customer is they are not aware of the services provided by their bank. The study also force on the customer perception that how the banking services can be improved. In my study I have used both primary sources of data as well as secondary sources of data.
• The study has been conducted on behalf of ―STATE BANK OF INDIA.
• The study is confined to the Mumbai region.
• The study covers the service providers and users of ―STATE BANK OF INDIA.
• The study has put forward the Customers as well as acceptability behavior for the services.
• The scope of the study is to find out the ―Customer Satisfaction
Limitations of the Study:-
The study report consists of few limitations:-
• The report has been conducted within a limited time frame.
• The study is self financed.
• The study is limited to the customer of Mumbai only.
• Only selected Branches and Banks have been considered for the study.
• Samples were selected conveniently.
• The sample size does not represent the total population.
• The sample of size is limited to 30 only and the sample size may not represent whole market.
LITERATURE REVIEW:-
The Report is based on the analysis of Foreign Exchange Operations AT DCB Bank. It involves the complete transaction process of Inward and Outward Remittance. The Documentation required for this purpose. These transactions are mainly involved for the individuals who are in the Export and Import Business.
A MS PowerPoint presentation that contains an idea about what Indian banking structure looks like and what role ICICI has played in the development of market infrastructure. It also contains Grievance Redressal system and controversies in which ICICI bank's name was highlighted
A Study of Agriculture Loan of Axis Bank Ltd (MBA Finance Project)Avinash Labade
If any have Need Project Report please call +919011888598 and i will provide only Word File.
and
Project Cost is Rs 500/- Per Project
Send Me Payment Phone Pay or Google Pay
COMPARISON OF HOME LOAN SCHEME OF ICICI BANK WITH 3 OTHER PRIVATE BANKSKhushbu Malara
Loan acquired from a financial institution to purchase a home.
Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans.
A home loan can come in many flavors, the specifics of which will have a major impact on a large chunk of the buyer’s life. Choosing an adjustable or fixed rate, extending the loan for ten, fifteen, or even thirty years, and determining just how much money to invest in the down payment are all critical decisions.
Thus in today economy the home loan is one of the important factor which is considered in this project report and also compare with other industry leaders also.
The Report is based on the analysis of Foreign Exchange Operations AT DCB Bank. It involves the complete transaction process of Inward and Outward Remittance. The Documentation required for this purpose. These transactions are mainly involved for the individuals who are in the Export and Import Business.
A MS PowerPoint presentation that contains an idea about what Indian banking structure looks like and what role ICICI has played in the development of market infrastructure. It also contains Grievance Redressal system and controversies in which ICICI bank's name was highlighted
A Study of Agriculture Loan of Axis Bank Ltd (MBA Finance Project)Avinash Labade
If any have Need Project Report please call +919011888598 and i will provide only Word File.
and
Project Cost is Rs 500/- Per Project
Send Me Payment Phone Pay or Google Pay
COMPARISON OF HOME LOAN SCHEME OF ICICI BANK WITH 3 OTHER PRIVATE BANKSKhushbu Malara
Loan acquired from a financial institution to purchase a home.
Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans.
A home loan can come in many flavors, the specifics of which will have a major impact on a large chunk of the buyer’s life. Choosing an adjustable or fixed rate, extending the loan for ten, fifteen, or even thirty years, and determining just how much money to invest in the down payment are all critical decisions.
Thus in today economy the home loan is one of the important factor which is considered in this project report and also compare with other industry leaders also.
The intent of globalization is improving efficiency,optimizing markets and taking advantage of the global environment. If Indian firms have the facility to obtain the latest technology in the world, raise finance from the cheapest source and procure materials from the best source in the world, domestic firms will be on par with foreign firms.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Things to consider before apply for nri personal loan in india convertedWise NRI
Are you NRIs Looking for NRI Personal Loan. Here is the guide for NRIs Please Check Before Apply For NRI Personal loan in India. Check your Loan Eligibility Interest rates
An informed decision and cautious approach with respect to Company Fixed deposits would ensure safety for one's money as well as lucrative returns. Hence this is an attempt to make an understanding of company Fixed Deposits
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
The programme is designed to render the students with a holistic education and deeper understanding of business tactics of global magnitude. We stress on conducting interactive study sessions which give birth to rational ideas and develop innovative thinking, live cases, e-learning and positive influence of our renowned guest speakers facilitates students’ abilities and aspirations. http://www.unitedworld.in/school-of-business/
The programme is designed to render the students with a holistic education and deeper understanding of business tactics of global magnitude. We stress on conducting interactive study sessions which give birth to rational ideas and develop innovative thinking, live cases, e-learning and positive influence of our renowned guest speakers facilitates students’ abilities and aspirations. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
UWSB offers Post Graduate courses at its Ahmedabad and Kolkata campuses. Ahmedabad campus, approved by AICTE, offers Post Graduate Diploma in Management (PGDM). Kolkata campus offers Post Graduate Programme in Management along with an option of AICTE approved Post Graduate Diploma in Management (PGDM) and/or MBA. Our programmes aim to create value-instilled potential leaders by incorporating higher-management functions. http://www.unitedworld.in/school-of-business/
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
4. REGULAR SAVINGS BANK ACCOUNT
Details Description
ELIGIBILITY Individuals, Joint
accounts, Clubs, associations, trusts, Govt.
Bodies, societies (including co-
operatives), educational institutions, associations
and other non-trading organizations.
Minors who have completed ten years of age can
apply in their names.
MINIMUM BALANCE You need to maintain a minimum balance of Rs.
100/- for non-cheque operated accounts and Rs.
500/- for cheque operated accounts in branches in
rural and semi-urban areas. It is Rs.500 for non-
cheque operated account and Rs.1000 for cheque
operated account in other branches.
For pension accounts the minimum balance is Rs. 5/-
for non-cheque operated accounts and Rs. 250/- for
cheque operated accounts
5. REGULAR SAVINGS BANK ACCOUNT
Requirements For Opening
Account
Duly Filled Application Form , Proof of
identity, Address proof, Introduction,
Passport size photograph
INTEREST RATE 4.00% p.a.
INTEREST PAYMENT Interest is paid on daily product basis.
LOAN AGAINST DEPOSIT Not permitted
6. REGULAR SAVINGS BANK ACCOUNT
BENEFITS International VISA Debit Card
Instant Credit of Outstation Cheque upto Rs.15,000/-
Internet banking facility.
Multicity Cheque facility
Nomination facility
Standing Instruction Facility
Speedy transfer of funds
Anywhere Banking
Insurance Products
VALUE ADDITIONS Maintain an average quarterly balance of Rs.10,000
and above in the account and get the following
facilities:-
Inland drafts / mail transfers not exceeding
Rs.10,000/- per month, limited to 2 occasions in a
month per depositor issued without any
commission/exchange.
Collection of inland outstation instruments such as
cheques / drafts / dividend warrant etc not
exceeding Rs.10,000/- per month irrespective of the
number of instruments per depositor is done without
collection charges.
7. SAVINGS BANK NO FRILL ACCOUNT
Details Description
ELIGIBILITY Individuals, including minors who have
completed 10 years of age and
pensioners. Joint accounts are
permitted.
MINIMUM BALANCE Rs.5/-
WITHDRAWAL FROM ACCOUNT Only by withdrawal slip. Cheque book
will not be issued
INTEREST PAYMENT 4.00% p.a.
AMOUNT OF TRANSACTIONS The balance in the account should not
exceed Rs.50,000 at any point of time
and the total credit in the account
should not exceed Rs.1,00,000/- in a
year.
NO. OF TRANSACTIONS 25 transactions per half-year
8. SAVINGS BANK NO FRILL ACCOUNT
Penalty For Exceeding The
Number Of Transaction
No penalty
VALUE ADDITIONS /
CONCESSIONS
No other value addition /
concession allowed in the account.
Collection of instruments and issue
of DD/MT will attract normal
charges. Debit Cards are not
issued.
BRANCHES WHERE ACCOUNT
CAN BE OPENED
All branches of the Bank
9. CURRENT ACCOUNT
IOB – CD CLASSIC
Details Description
ELIGIBILITY Proprietary concern, Partnership firm,
HUF, Limited companies,
corporations, SMEs, Trusts, Societies,
clubs, Association, Local Bodies,
Govt. Departments subject to RBI
directives
MINIMUM BALANCE
REQUIREMENT
The average daily balance in the
current account during last three
months should not be less than Rs.1
lac.
10. IOB CD-SUPER CURRENT A/C
Eligibility :
Proprietary concern, Partnership firm, HUF, Limited companies,
corporations, SMEs, Trusts, Societies, clubs, Association, Local
Bodies, Govt. Departments subject to RBI directives
Minimum Balance Requirement :
The average daily balance in the account over the last three
months should not be less than Rs.5 lac.
Issue of Demand drafts @ 50% concession
Transfer of funds thro' NEFT free.
Anywhere Banking
Name printed cheque books free of cost.
11. Personal Accident insurance covers of Rs. Five Lakhs free of
cost.
International Debit Card without charges to all employees and
owners.
Online Tax payment facility.
Outstation cheque collection charges @ 50% concession.
Transfer of funds thro' RTGS @ 50% concession.
Utility Bills payment facility.
13. DEPOSITS
FIXED DEPOSIT
A fixed deposit account allows you to deposit your
money for a set period of time, thereby earning you
a higher rate of interest in return. Fixed deposits
also give you a higher rate of interest than a
savings bank account.
14. Who can apply for a fixed deposit account?
Individuals and organizations with the intention of retaining their
savings for a fixed period for some future use.
What are the benefits of a Fixed Deposit?
The option to withdraw the deposit at any time before maturity
without any difficulty
You can avail loans upto 85% of the principal
Variable deposit periods ranging from 6 months to 120 months
You get interest once in 6 months
The minimum deposit amount is Rs. 1,000/- Deposits can be
made in multiples of Rs. 100/-.
15. RECURRING DEPOSIT
Eligibility :
Salaried individual, small trader, housewife,
student or a rural saver.
Customers having a limited or stipulated income
and require a large amount of money but can only
save small amounts every.
16. Features
Interest is compounded every quarter
Variable deposit periods ranging from 6 months to
120 months
Loans available up to 90% on the principal and
also on the interest accrued
Deposit can be closed prematurely without any
difficulty
17. Interest Rate
As Applicable for Term Deposits
Minimum amount of deposit
The minimum deposit is Rs. 50/- per month in
multiples of Rs. 5/-.
18. TERM DEPOSITS
Moneys deposited for specific periods come
under the category of Term Deposits.
The Depositor invests the money with the bank for
a specific period to mature on a specific future date
as required by the depositor.
Term deposits can be made for periods ranging
from 7 days to one hundred and twenty months. In
case of deposits in the name of minors the
deposits can be more than 120 months
provided the bank is convinced that it is necessary
to do so for the protection of minor’s
interest.
19. TERM DEPOSIT RATES
7days to 120 days – 7.25%
121days to 179days – 7.50%
180days to 269days – 8.25%
270days to less than one year – 8.50%
1year to 5years and above – 9.00%
20. RETAIL LOANS
Clean Loan
Eligibility : Employees in Government, Public Sector
Undertakings, reputed private enterprises, firms,
companies etc. and confirmed in service. The take
home pay, after deduction of the proposed loan
instalment should be more than 50% of the gross pay.
LIC agents are also eligible to apply for the loan
subject to conditions.
21. Purpose : For any purpose including any social /
financial commitment.
a) Ten times of salary or Rs.15.00 lac whichever is
lower, if your employer undertakes to deduct the
loan installment from salary and remit to us or the
salary is routed through the loan granting branch.
b) For others, it is 5 times of salary or Rs.1.00 lakh
whichever is lower.
c) For LIC agents, the maximum loan is up to 10
times average monthly commission or Rs.10.00 lakh
whichever is lower.
22. Repayment : In a maximum of 60 months in case the loan is for
10 month salary and 36 months in case the loan is for 5 months
salary.
Security : Two, third party personal guarantee, the salary of each
guarantor being at least equal to that of the borrower.
Documents required : Application form, Salary certificate of
applicant and guarantor with deduction particulars, undertaking
letter from employer to deduct monthly instalment and recover the
dues from terminal benefit in case of necessity.
Processing fee : One time processing fee of Rs. 204/- per lakh
or part thereof(subject to change).
23. INTEREST RATES
Working Capital – Floating Rate of Interest of 13.25
%
Term Loan – 13.75%(floating rate)
Pushpaka, loan for purchase of new vehicles –
10.75%
Pensioner’s loan scheme – 14.25%
Akshay - loan against life policies of LIC and private
insurers approved by IRDA – 14%
25. EDUCATIONAL LOANS-VIDYA JYOTI
Eligibility
Should be an Indian National
Should have secured admission to
professional/technical courses in India or abroad
26. Purpose
Loan is made available for Graduation/Post
graduation/Diploma/Computer education in any recognized
State/Central Government/University, professional courses
including Engineering, Medical, Agriculture, Veterinary, Law,
Dental, Management, courses like ICWA, CA, CFA, etc.,
courses conducted by IIM, IISC, XLRI, NIFT etc, courses
offered in India by reputed foreign universities/Evening
courses of approved institutes, regular degree/
diploma courses like Aeronautical , Pilot training , shipping
etc approved by Director General of Civil Aviation/
shipping if the course is pursued in India. Incase the course
is pursued abroad, the institute should be recognized by the
competent local aviation/ shipping authority. For studies
abroad, loans will be made available only for Graduation and
Post Graduation Courses offered by Reputed Universities and
not for diplomas
27. Margin
For loans upto Rs. 4.00 lakh Nil
For loans above Rs. 4.00 lakh
Studies within India 5%
For studies abroad 15%
28. Security
For loans upto Rs. 4.00 lakh Co obligation of parents . No
security
For loans above Rs. 4.00 lakh and
up to Rs.7.50 lakh
Co obligation of parents together
with collateral security in the form of
suitable third party guarantee.
For loans above Rs.7.50 lakh Co obligation of parents together with tangible
collateral security .Collateral security in the
form of NSC /KVP/ LIC Policy/ Gold/
Shares/Debentures or immovable properties
Bank Deposits in the name of
student/Parent/Guardian or any other third
party with suitable margin. Wherever the land/
building is already mortgaged the
unencumbered portion can be taken as
security on second charge basis provided it
covers the required loan amount. In case the
loan is given for the purchase of computer , the
computer has to be hypothecated to the bank..
29. Repayment
Repay the loan in equal monthly Instalments for a
maximum period of 5 - 7 years excluding holiday
period.
31. CORPORATE BANKING
TERM LOAN-
FINANCIAL ASSISTANCE:
The growth of SME units largely depends on their proper financial
management. They should closely monitor their funds flow and cash
flow at every stage to avoid mismatch, which will dampen their
operational activities. IOB provides total financial solutions to SME
units by way of various schemes to support the financial needs of
SME units.
Term Loan:
Term Loans are extended for the purpose of acquisition of fixed
assets. viz., land, building, plant and machinery for setting up of new
industrial units or expansion/modernisation of existing units.
Financing for the purchase of second hand machinery (both
indigenous as well as imported) can also be considered subject to
certain conditions .
32. Margin:
Bank will normally finance upto 75% of the value of fixed
assets and the balance amount should be brought by the
applicant as margin. However depending upon the activity and
quantum of advance the bank may either increase the margin
or decrease the margin.
Security / Third Party Guarantee:
Bank will not insist for collateral security / Third Party
Guarantee for total credit limits upto Rs.10 lakhs for SME
borrowers. In respect of credit limits above Rs.10 lakhs and
upto Rs.100 lakhs Collateral Security / Third Party Guarantee
may be waived for deserving cases and those limits will be
covered under Credit Guarantee Trust for Micro and Small
Enterprises (CGTMSE).
33. Repayment:
The repayment of term loan will be fixed based on the cash
generation of the unit and gestation period. Suitable holiday
period will be allowed for repayment of the term loan.
Interest Rates:
The details of interest rates for various categories of SME
advances are available separately.
34. WORKING CAPITAL LOAN
The manufacturing / Service activity of the unit can smoothly
progress while adequate working capital funds are available. The
Bank provides necessary working capital assistance to MSME
units.
The quantum of working capital funds can be ascertained by
looking into the working capital cycle of the unit. Working Capital
Cycle can be explained by way of flow chart as below:
Cash > Raw Material > Work in Process > Finished Goods >
Receivables > Cash
It is normally presumed that the working capital cycle will be of
three months i.e. the period taken for conversion of cash into raw
material, raw material into finished goods, finished goods into
receivables and receivables into cash. Depending on the nature
of activity and various other factors it may be either more than 3
months or lesser than 3 months.
The working capital limits can be availed by way of cash credit,
bills limit, Letter of Guarantee, Letter of Credit etc.,
35. Security / Third Party Guarantee:
Bank will not insist for collateral security / Third Party
Guarantee for total credit limits upto Rs.10 lakhs for SME
borrowers. In respect of credit limits above Rs.10 lakhs and
upto Rs.100 lakhs Collateral Security / Third Party Guarantee
may be waived on deserving cases and those limits will be
covered under Credit Guarantee Trust for Micro and Small
Enterprises (CGTMSE).
Interest Rates:
The details of interest rates for various categories of SME
advances are available separately
36. MSME SCHEMES
IOB MICRO ONE
ELIGIBILITY MICRO ENTERPRISES falling under
the norms as below:
(only new connections under Micro
Sector and the scheme is not
applicable to existing borrower
clients)
Manufacturing : Original investment in
Plant and machinery upto Rs.25.00
lacs
Service Enterprises: Original
investment in Equipments upto
Rs.10.00 lacs
COVERAGE ONLY NEW UNITS seeking credit
facilities with above investment
norms
37. LOAN AMOUNT
Maximum Rs.50.00 lacs (Cash Credit + Term Loan
with a ceiling of Rs.22.50 lacs for Term Loan)
Can be granted separately or as a combined credit
facility
MARGIN
10% for working Capital against stocks and 15 %
against Book debts.
REPAYMENT
84 EMIs for Term Loan (for combined facility as well)
Cash Credit to be renewed annually
INTEREST RATE
Both for Working Capital and Term Loan
Base Rate + 1.75% i.e., 12.25 % at present
SECURITY
Only prime security created out of this loan (No
Collateral Or Third Party Guarantee To Be Obtained)
38. CREDIT GUARANTEE To be covered under CGTMSE
Scheme and the fee to be borne by
the borrower
PROCESSING FEE Upto Rs. 10.00 lacs .... Rs. 1000/-
Above Rs.10.00 lacs and upto
Rs.50.00 lacs .... Rs. 5000/-
(applicable for both CC and Term
Loan)
39. IOB MSE PLUS
IOB MSE PLUS is a novel scheme introduced by IOB for the
benefit of Micro and Small Enterprises (MSEs). Under the scheme,
MSEs can avail both their working capital and long term
investments needs in the form of a single term loan in a hassle
free manner and repay the entire loan (including working capital)
over a period of time.
Eligibility
Both manufacturing and service enterprises coming under Micro
and Small Enterprises category as per MSME Act 2006.
Purpose
To construct/purchase work shed/factory premises
To purchase plant/machinery/equipments
To meet working capital needs
Quantum of loan:
Upto Rs.100 lacs, based on the need and assessment by the
Bank.
40. Mode of Assistance:
By way of Term Loan for fixed assets and working capital repayable in
60 to 120 months, with a holiday period of 6 to 18 months.
Interest Rate:
As applicable to Micro and Small Enterprises
Rate of interest linked to base rate
Present Interest are as under:
Upto Rs. 2 lacs ... ... ... 9.75 % + 1.50 = 11.25
Rs. 2 lacs and upto Rs. 25 lacs ... 10.75 % + 1.50 = 12.25
Rs.25 lacs and upto Rs. 100 lacs ... 11.25 %+ 1.50 = 12.75
Margin:
For construction or outright purchase of work shed / factory
premises ..... ..... 30%
For purchase of plant / machinery/ equipments, etc., 15 %
For working capital ..... ..... 20 %
CGTMSE Scheme:
All loans under MSE PLUS SCHEME are to be covered under Credit
Guarantee Scheme of CGTMSE
41. IT & ITES BPO
Indian Information Technology (IT) and Ites-BPO
sector playing vital role in the growth of our country’s
economy. The growth of the Industry in India is more
than 28%.
Due to liberalization of Indian economic policy, the
growth of IT industry is in commendable position.
Due to cost advantage, availability of skilled
manpower, quality services are the main reasons for
the growth of IT industry in India.
For all the finance needs of IT industry, customers
can approach any bank branch of INDIAN
OVERSEAS BANK.
42. IOB EXPO GOLD CARD FOR EXPORTERS
Indian Overseas Bank has formulated Gold Card Scheme for its exporter clients
based on the scheme drawn up by Reserve Bank of India. The scheme aims to
ensure easy availability of export credit on better terms to credit worthy
exporters with good track record. The Gold Card is known as "IOB Expo Gold
Card" .The salient features of the scheme are as under :-
Eligibility under the Scheme
Exporters with bank's credit rating of A+ or A will be eligible under the scheme.
Exporters whose accounts have been classified as "Standard" continuously for a
period of three years and where there are no irregularities /adverse features in
the conduct of the accounts will be considered.
The scheme will not be applicable to those exporters who are blacklisted by
ECGC or included in RBI's defaulter's list or included in Bank's list of watch
category accounts.
Fixation of Credit Limit
Line of Credit will be sanctioned for a period of three years with a provision
for automatic renewal under this scheme subject to fulfillment of the terms
and conditions of sanction.
43. Subject to availability of Foreign Currency, efforts will be made to
meet the PCFC requirements of the Gold Card holders by giving them
priority over other export borrowers. Likewise, Bank will also consider
providing foreign currency term loans to Gold Card Holder on priority
basis.
Rate of Interest /Service charges
Relaxation in interest rates upto a maximum of 0.25% .on rupee
export credit based on credit ratings of the exporters. The
concessional rate of interest applicable upto 90 days on post-
shipment rupee export credit will be extended upto 365 days. This
will not apply to overdue bills.
Bank will offer discount of 10% in charges and fee structure for
various services/transactions.
The Tenure of Card
The Gold Card will be issued normally for a period of 3 years and
will be automatically renewed for a further period of three years
unless there are adverse features /irregularities in the account.
Further, bank will have the right to recall the card at any time in
case of any misuse of the card or observance of any violation of
the terms and conditions.
45. FOREIGN CURRENCY (NON RESIDENT)
ACCOUNTS
NON-RESIDENT EXTERNAL (NRE) ACCOUNTS
NRE Accounts are Indian rupee denominated accounts that can be
maintained as Savings, Current or Term Deposit.
Accounts can be maintained individually or jointly with other
NRI/PIO.
Credits to NRE accounts can be by way of remittance from abroad
in permitted currencies, or by transfer from other NRE/FCNR
accounts.
The entire balance in the account is fully repatriable.
Loan facility available against the security of NRE Term deposits.
Interest income is free from income tax
Premature closure of deposit is permitted subject to conditions
Operation in the account allowed by duly executed power of
attorney or mandate for local payments.
Nomination facility available. Nominee can be resident Indian.
46. NON RESIDENT ORDINARY(NRO) ACCOUNT
NRIs and PIO can maintain NRO account for bonafide local
banking transactions denominated in Rupees, not involving
any violation of the provisions of FEMA and rules and
regulations made thereunder.
(Note: Opening of accounts by individuals/entities of
Bangladesh / Pakistan nationality / ownership requires prior
approval of Reserve Bank of India)
When a resident Indian becomes non resident, the existing
account in India will be designated as NRO account.
The accounts can be in the form of savings, current or term
deposits.
Joint account with other NRI(s)/PIO or close resident relative
is permitted.
Remittances from abroad and legitimate dues in India of the
account holder can be credited to the account.
Interest income is subject to income tax.
47. NON-RESIDENT ORDINARY(NRO) ACCOUNT
The following debits are permitted in the account
(i) All local payments in rupees including payments for
investments in India subject to compliance with the
relevant regulations made by the Reserve Bank.
(ii) Remittance outside India of current income like rent,
dividend, pension, interest, etc. in India of the account
holder.
(iii) Remittance up to USD One million, per financial year
(April-March), for all bonafide purposes,to the satisfaction
of the bank.
48. RESIDENT FOREIGN CURRENCY (RFC) ACCOUNT
A Resident Foreign Currency account in India can be maintained by a
Non-resident Indian who has returned home for permanent settlement,
after staying abroad for a minimum period of one
year. An RFC account can be opened without any regulatory approval
from the Reserve Bank of India.
RFC accounts can be maintained in USD/EUR/GBP/JPY/AUD/CAD in
the form of Savings / Term Deposit
Credits to the account can in any of the following means:
Balances standing to the credit of NRE and FCNR accounts at the time
of return
Income from overseas assets or sales proceeds from overseas assets
Entire amount of pension received from abroad
Balance in the account can be remitted abroad for bonafide purposes
either for yourself or your dependants.
If you decide to go abroad again you can transfer your funds to
NRE/FCNR account(s)
Interest earned on RFC account is subject to tax.
49. NRI HOME LOAN SCHEME
For purchase /construction of residential building in
India or for repair/renovation of existing houses
Eligibility a) Maximum 80% of construction or
purchase cost – maximum INR 500 lacs
b) Maximum INR 5 lacs for repair and renovation
c) Minimum monthly income of applicant should be
INR 10000
Repayment period - Maximum 180 Equated
Monthly Instalments (EMIs) for
construction/purchase and 60 EMIs for
repair/renovation
50. If property is let out on rent, entire rental income
should be paid to the loan account
Repayment by close relative in India permitted
Holiday period for repayment 6 months for
acquisition, 12 months for construction and 3
months for repair/renovation
Mortgage of property as security
Processing fee applicable
52. AGRICULTURAL SHORT TERM LOANS
New Kisan Credit Card :
• Objective : To meet investment and credit
requirements of farmers.
• Eligibility : Existing farmer clients & also the
prospective farmers
• Margin : Upto Rs 100000 – Nil
Above Rs 100000/- 15 % to 25 %
• Repayment : Term loan - Max. 5 years
• Security : Upto Rs 100000 – Hypothecation of
crops / assets created out of loan.
Above Rs 100000/- Suitable Collateral
53. AGRI GENERAL PURPOSE CREDIT CARD
• Objective : To provide liquidity to meet any financial
needs relating to Agricultural Investments or
Consumption.
• Eligibility : Customers in rural and semi-urban
areas, members of Self Help Groups and Joint
Liability Groups
• Amount : Maximum Rs 25000
• Security : Nil
• Rate Of Interest : At Prime Lending Rate
55. LIFE INSURANCE
Any IOB branch caters to personal insurance
requirements .
IOB has a platter of personal Insurance products
from LIC of India on offer to meet customer needs
56. GROUP INSURANCE
IOB offers Insurance linked products with group
insurance cover provided by LIC of India. Some of
the group life products are as follows:
Life cover of Rs.1 Lac (Accidental Death -Rs.2 Lacs)
to our account holders under IOB- Jeevan.
Life cover for our home loan borrowers under
Liability Insurance Scheme.
Life Cover for Students availing Educational Loans
and also for their parents under Vidya Jyothi with
Suraksha.
Life Cover for students studying in Colleges under
Vidya Suraksha
57. MUTUAL FUND SCHEMES
Bank is distributing mutual fund schemes of top
performing Mutual Funds to cater to the investment
needs of customers and others as Corporate
Distributor.
IOB distributes all the New Fund Offers of the Mutual
Funds and also facilitate investment in the ongoing
schemes.
Investments in mutual fund schemes can be routed
through the bank branches.
58. Some Mutual Fund Schemes are :
• Sundaram BNP Paribas Mutual Fund
• Franklin Templeton Asset Management (I) Pvt. Ltd.-
• Principal Pnb Asset Management Company Private Ltd-
Equity.
• Principal Pnb Asset Management Company Private Ltd.-
Debt
• Tata Mutual Fund-Equity Scheme
• Tata Mutual Fund-Debt Scheme
• Kotak Mutual Fund
• LIC Mutual Fund
• UTI Mutual Fund
• DBS Chola Mutual Fund