Operations of deposit accounts varies types of customers mainly individual customers and business customers. Accounts of individuals comprise a majority of the deposit accounts in Personal segment of most banks. Any individual who is a major and of sound mind can open a - Savings account and / or Fixed deposit accounts.
STATE BANK OF INDIA (SBI), the "Banker to Every Indian" provides net banking services to their customers through user friendly platform, onlinesbi.com has been receiving millions of transactions every month in which majority of customers utilizes transfer of funds, e-Fixed Deposits, Utility Bill Payment for various State Govt. and Central Govt. Services, Mobile Recharging, DTH TV Recharge and Tax Payment.
The Stree Shakti Loan Scheme is specially designed to find and support entrepreneurship among women by providing concessions in the financial assistance and processing. The main criteria SBI looks for, an enterprise should have more than 50% of its share capital owned by women. Stree Shakti Loan Scheme aims to empower women entrepreneurs who own and are managed in retail trade, business enterprises of professional and self -employed like doctors, beauty parlour operators etc.
SBI for SME targets Handloom sector by providing an exclusive Credit Card loan scheme to weavers and its ancillary workers involved in weaving activities. Main highlight of SBI Weavers Credit Card Scheme is Collateral-free loan facility covered under CGTMSE guarantee coverage. It can be utilized as working capital or purchase of tools and equipment required for carrying out weaving activity.
What happened when you are in need of urgent fund due to a hospital case or sudden travel plan? Do you want funds readily available to you whenever you desire or need? SBI provides a personal loan scheme, Saral Personal Loan, an urgent financing solution.
Owing a home would be one of the biggest dream in most of the people. It also becomes one of the biggest investment, one will make in a life time. Decision to buy or own a home will make your life busy collecting valuable information that should help your decision wise, because you are going to have an asset for you and to your descendants. When you make a list, the most important factor will be finding the right financier to make your dream comes true. The SYNDNIVAS Housing Loan from Syndicate Bank offers very attractive, hassle free, easy to obtain finance options in the Home loan sector for both salaried and business class people.
Kerala State Electricity Board AKA KSEB Kerala accepts payments through online methods too. Payments to KSEB can be done first of all through their office counters still functioning but limitation for visiting and queuing in front of the KSEB office counter, and time limit.
If you chose online payment you can avoid physical appearance to the KSEB office and queuing in front of the counter. To enable online payment, you should have the following requirements:
Image below shows the final information window of the successful KSEB bill payment.
The Banking Ombudsman Scheme is being applied to the businesses running all banks in India. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Banking Ombudsman Scheme. The Banking Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve customer complaints against banking services from the customers of Banking Institution. This Scheme is introduced with the object of enabling resolution of complaints relating to certain services rendered by banks and to facilitate the satisfaction or settlement of such complaints.
Customer can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month after the bank concerned has received complaint from the customer, or the bank rejects the complaint, or if the complainant is not satisfied with the reply given by the bank.
SBI Agricultural Gold Loan to enable farmers to meet their short-term agricultural credit needs. This is one of the easiest and convenient loan for farmers when they are in emergency needs of fund. An existing account holder can avail this loan within an hour producing land tax receipt along with passbook and gold.
SBI provides the best car loan scheme for you to take a loan for purchase of used car, not more than 5 years old. Featuring no Advance EMI, longest repayment tenure (7 years), lower interest rates, lower EMI, LTV 85% of ‘On Road Price’ of car (includes registration, insurance and cost of accessories worth Rs 25000), interest Calculated on Daily Reducing Balance, Flexibility of payment of EMI any time during the month, low pre-payment penalty ie. only 2%, low processing fee (only 0.50% of loan amount), free Accidental insurance, optional SBI Life cover.
SBI has two bank loan schemes for Dairy related agricultural projects. The first one named -SBI Scheme For Dairy Societies- aims to provide finance for creating infrastructure like Construction of Milk house or Society office, Purchase of Automatic milk collection system, transport vehicles, Bulk chilling unit; and the second named SBI Dairy Plus Agriculture loan scheme to finance milk producing members of AMUL pattern societies recognized private milk dairies posting profit in the past two years.
One of the primary function of a commercial bank is accepting deposits from public and in return, bank will give interest earnings for the deposited money to the account holder depending on the type of deposit accounts. It is a three part article, which will look into various aspects of deposit accounts, its operations, and types of deposit accounts, offered our commercial banks in India. Opening aspects and KYC is the first part that everybody should know before they get into the bank for having relationship with bank and their deposit accounts.
SBI provide the best car loan scheme for purchasing of Certified Pre-owned Car, not more than 5 years old. This loan would be the best choice for people who wish to test a car for a short period and then buy a brand new luxury car in the later stage.
SBI Supply Chain Financing is an online collaborative platform for the banks, buyers and sellers for transactions and financing across the financial supply chain.
SBI for SME provides financial assistance to authorized Sellers of Snapdeal or Flipkart engaged in selling products through online portal of Snapdeal or Flipkart. Sellers have to be registered with the online portal for a minimum of 6 months tenure can avail this smart loan. It is available under MUDRA Scheme.
If you are a Central or State Government or Defence pensioner drawing your pension through one of SBI branches and are not more than 76 years of age, you can avail of a loan from your branch to meet your personal expenses. SBI understands you may have an urgent or unexpected need for funds or a family obligation to be fulfilled and appreciate your association with the bank.
When you think about banking, the first preference goes to Nationalized Public Sector Commercial Banks like SBI, Canera Bank, Bank of Baroda etc. Why do people give higher privilege to Nationalized banks? The basic answer is very simple - India Govt. has a good control over Nationalized Commercial Banks. They are forced to follow the instructions issued by Central Govt. and RBI. They are dominating over 90% of the banking sector in India that plays big economic role of India's development.
Bank Of India (BOI) provides variants of Home Loan Products that best fit to different classes of its customers for purchasing a Plot for construction of a House, to purchase / construct house / flat, as well as for renovation / repair / alteration / addition to house / flat. The maximum loan amount, the BOI provides is Rs. 5 crores and repayment ranges up to 30 years, with reasonable margin and nominal processing charges. No commitment or administrative charges incurred from the customer.
Criminals may impersonate Organizations such as government agencies, charitable trusts, relief funds, foundations etc. connected to Covid-19 and other relief services. These criminals pose as officials or representatives from Govt. revenue authorities, representatives of Disease Control & Prevention authorities, healthcare workers or healthcare groups / institutions and may send communications as appearing to come from such authorities or from other legitimate sources (asking for / soliciting payments, donations / charity or relief in the name of Covid-19 Relief / Care Funds or Foundations).
Cash credit is a flexible system of lending under which the borrower has the option to withdraw the funds as and when required and to the extent of his needs. Under this arrangement the banker specifies a limit of loan for the customer (known as cash credit limit) up to which the customer is allowed to draw.