SBI's Retail Banking

PERSONAL BANKING

Welcome to SBI's Retail Banking

State Bank of India offers a wide range of services in the Personal Banking Segment which are indexed here.
Click on each of them to access the details. Our products are designed with flexibility to suit your personal requirements. Enjoy 24 hour facility through our ATMs - growing speedily it has crossed the 21000 mark Watch this space for more details.

SBI Term Deposits	SBI Loan For Pensioners
SBI Recurring Deposits	Loan Against Mortgage Of Property
SBI Housing Loan	Loan Against Shares & Debentures
SBI Car Loan	Rent Plus Scheme
SBI Educational Loan	Medi-Plus Scheme
SBI Personal Loan	Rates Of Interest
e-Invest (ASBA) - IPO

Experience a whole new world of banking at our newly opened Personal Banking Branches (PBBs)- often dubbed boutique branches by others. Customer friendly knowledgeable staff will cater to your financial requirements with speed and efficiency. Do visit one and find out for yourself. Click here for addresses of our PBBs.

"SBI now provides your Account Balance and Transaction details over phone round-the-clock. Information on deposits & loan schemes and services also available. Call 1800112211 (tollfree from BSNL/MTNL) or New Contact Centre Access Numbers."

Note: All loans at the sole discretion of the Bank.

NRI SERVICES

World Class Services from a Bank you can Trust

“Indians everywhere should become enlightened International citizens. Wherever you are, whichever country you live, enrich that nation, not only in financial terms, but also with your sweat knowledge and dignity since that is the tradition of the country from where you came. At the same time, remember we have a common umbilical connectivity to our motherland, India.”

A P J Abdul Kalam
Hon'ble President of India
at the 3rd Pravasi Bharatiya Divas held from 7 - 9 Jan 2005 at Mumbai.

State Bank of India is India's largest Bank.

We have products and services customised with a significant global footprint to suit your banking needs.

AGRICULTURE / RURAL

State Bank of India Caters to the needs of agriculturists and landless agricultural labourers through a network of 8750 rural and semi-urban branches. Apart from the branches, there are 428 Agricultural Development Branches (ADBs) which also cater to agriculturists. We are the leaders in agri finance in the country with a portfolio of Rs. 64,000 crs in agri advances covering around 80 lac accounts.

Our branches have covered a whole gamut of agricultural activities like crop production , horticulture , plantation crops, farm mechanization, land development and reclamation, digging of wells, tube wells and irrigation projects, forestry, construction of cold storages and godowns, processing of agri-products, finance to agri-input dealers, allied activities like dairy , fisheries, poultry, sheep-goat, piggery and rearing of silk worms.

To give special focus to agriculture lending Bank has also appointed agri specialists in various disciplines to handle projects/ guide farmers in their agri ventures.  Advances are given to borrowers for very small activities covering poorest of the poor to hitech activities involving large fund outlays.

Now we are setting up Agri Commercial Branches (ACBs) which will handle high value agri financing involving large investments. It envisages lending through corporate partnerships and other large enterprises for commodity financing, investment credit, other high value agriculture segments like horticulture, floriculture & food processing etc. It also focuses on Agri related SME including setting up of Rice and Dhal mills, seed processing industry, food processing industry, large and small scale dairy units, etc. 

Traditionally, rural business is associated with agriculture and allied activities. Of late however, the trickle down effect of economic growth, renewed focus on infrastructure development, and employment generation in rural areas have led to huge investment by the Government in rural India, with a view to bridge the urban and rural divide.

Considering that agriculture would continue to be significant driver of Indian economy, with the possibilities of rapid growth in emerging areas like contract farming, agro-processing and agro-export zones, etc., a separate Agri Business Unit (ABU) with a distinct organizational structure has been set up in the Bank and under noted objectives has been created in 2004:-

o   Providing focused attention on the banking requirements of the agriculture segment,

o   Achieving 18% target under agricultural advances as required under priority sector norms,

o   Focus on micro finance and SHG opportunities (now part of non-farm sector in Rural Business),

o   Focus on Key Corporate and Institutional relationships in agriculture, emerging opportunities, and special initiatives, as may be necessary,

o   Focus on product development and management,

o   Reduce NPA levels in Agriculture,

o   Make agriculture a commercial proposition.

ABU has four departments headed by Deputy General Managers.  :-

1.  Agri Business, Planning, Monitoring and Market Intelligence.

2.  Corporate and Institutional Relationship.

3.  Product Development and Marketing.

4.  RRBs & Lead Bank Department.

We also have an effective Marketing and recovery team in each region with responsibilities for marketing and building relationships with dealers of agri-products, organizing promotional events and for loan sanction, processing, monitoring and recovery.

With a collective effort of Govt. and the people, we are set forth to continue growth in the rural and agri development and become the ‘Banker to Every Indian’.

INTERNATIONAL BANKING

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 161 offices/branches in 33 countries as on 31_st July 2011, spread over all time zones. The network is augmented by a cluster of Overseas and NRI branches within India and correspondent links with over 483 banks, the world over. Bank's Joint Ventures and Subsidiaries abroad further underline the Bank's international presence.

The services include corporate lending, loan syndications, merchant banking, handling Letters of Credit and Guarantees, short-term financing, collection of clean and documentary credits and remittances.

The Bank has carved a niche for itself in the Euroland with branches located in Antwerp, Paris and Frankfurt. Indian banks and corporates are able to avail single-window Euro services from the Bank's Frankfurt branch.

"SBI now provides your Account Balance and Transaction details over phone round-the-clock. Information on deposits & loan schemes and services also available. Call on our toll free numbers: 18004253800 or 1800112211."

CORPORATE BANKING

SBI is a one shop providing financial products / services of a wide range for large , medium and small customers both domestic and international.

Working Capital Financing

·  Assistance extended both as Fund based and Non-Fund based facilities to Corporates , Partnership firms , Proprietary concerns

·  Working Capital finance extended to all segments of industries and services sector such as IT

Term Loans

To support capital expenditures for setting up new ventures as also for expansion, renovation etc.


Deferred Payment Guarantees 

To support purchase of capital equipments.


Corporate Loans

For a variety of business related purposes to corporates.


Export Credit

To Corporates / Non Corporates


Strategic Business Units 

(i) Corporate Accounts Group (CAG)
(ii)Project Finance
(iii) Lease Finance

·  An exclusive unit providing one s shopping to Corporates

·  A dedicated set up specialised in financing of infrastructure and other large projects

·  Exclusive set up for handling large ticket leases.

Pricing  

·  SBI's Prime Lending Rates (PLR) are among the lowest

·  Presently Bank has two PLR's

·  SBAR for loans payable on demand and upto one year

·  SBMTLR for loans payable beyond one year.

State Bank of India has been playing a vital role in the development of small scale industries since 1956.The Bank has financed over 8 lakhs SSI units in the country.It has 55 specialised SSI branches, 99 branches in industrial estates and more than 400 branches with SIB divisons.

The Bank finances for Small Business activities which are of special significance to a large number of people as many of these activities can be started with relatively lower investment and with no special skills on the part of the enterpreneurs.

Listed on the left are Services, SBI offers to its customers.

• DOMESTIC TREASURY
• STATE BANK VISHWA YATRA FOREIGN TRAVEL CARD
• BROKING SERVICES
• REVISED SERVICE CHARGES
• ATM SERVICES
• INTERNET BANKING
• E-PAY
• E-RAIL
• RBIEFT
• SAFE DEPOSIT LOCKER
• MICR CODES
  FOREIGN INWARD REMITTANCES

§  INTEREST RATES

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§  State Bank of India provides information on the various Interest rates offered by it on various loans and deposit schemes.

§  Details of Up-to-date interest rates scheme-wise is given in the sections one could click on to.

SBI now provides your Account Balance and Transaction details over phone round-the-clock. Information on deposits & loan schemes and services also available. Call 1800112211 (tollfree from BSNL/MTNL) or 18004253800 (BSNL tollfree no.)

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*	Domestic deposits (below Rs one crore) interest rates revised w.e.f. 13.08.2011.
*	Domestic deposits (Rs one crore & above) interest rates revised w.e.f. 13.08.2011.
*	BPLR (State Bank Advance Rate) revised upwards by 50 bps from 14.25% p.a. to 14.75% p.a. w.e.f 13.08.2011.
*	Base Rate revised upwards by 50 bps from 9.50% p.a. to 10.00% p.a. w.e.f 13.08.2011.

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History

The State Bank of India, the country’s oldest Bank and a premier in terms of balance sheet size, number of branches, market capitalization and profits is today going through a momentous phase of Change and Transformation – the two hundred year old Public sector behemoth is today stirring out of its Public Sector legacy and moving with an agility to give the Private and Foreign Banks a run for their money.

The bank is entering into many new businesses with strategic tie ups – Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, structured products etc – each one of these initiatives having a huge potential for growth.

The Bank is forging ahead with cutting edge technology and innovative new banking models, to expand its Rural Banking base, looking at the vast untapped potential in the hinterland and proposes to cover 100,000 villages in the next two years.

It is also focusing at the top end of the market, on whole sale banking capabilities to provide India’s growing mid / large Corporate with a complete array of products and services. It is consolidating its global treasury operations and entering into structured products and derivative instruments. Today, the Bank is the largest provider of infrastructure debt and the largest arranger of external commercial borrowings in the country. It is the only Indian bank to feature in the Fortune 500 list.

The Bank is changing outdated front and back end processes to modern customer friendly processes to help improve the total customer experience. With about 8500 of its own 10000 branches and another 5100 branches of its Associate Banks already networked, today it offers the largest banking network to the Indian customer. The Bank is also in the process of providing complete payment solution to its clientele with its over 21000 ATMs, and other electronic channels such as Internet banking, debit cards, mobile banking, etc.

With four national level Apex Training Colleges and 54 learning Centres spread all over the country the Bank is continuously engaged in skill enhancement of its employees. Some of the training programes are attended by bankers from banks in other countries.

The bank is also looking at opportunities to grow in size in India as well as Internationally. It presently has 82 foreign offices in 32 countries across the globe. It has also 7 Subsidiaries in India – SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards - forming a formidable group in the Indian Banking scenario. It is in the process of raising capital for its growth and also consolidating its various holdings.

Throughout all this change, the Bank is also attempting to change old mindsets, attitudes and take all employees together on this exciting road to Transformation. In a recently concluded mass internal communication programme termed ‘Parivartan’ the Bank rolled out over 3300 two day workshops across the country and covered over 130,000 employees in a period of 100 days using about 400 Trainers, to drive home the message of Change and inclusiveness. The workshops fired the imagination of the employees with some other banks in India as well as other Public Sector Organizations seeking to emulate the programme.

The CNN IBN, Network 18 recognized this momentous transformation journey, the State Bank of India is undertaking, and has awarded the prestigious Indian of the Year – Business, to its Chairman, Mr. O. P. Bhatt in January 2008.

The elephant has indeed started to dance.