SB ACCOUNT AND DEPOSIT PRODUCT DETAILS

STATE BANK LEARNING CENTRE, PERAMBUR, CHENNAI.
HAND OUT ON LIABILITY PRODUCTS

SAVINGS BANK ACCOUNT:
1.
30 withdrawals are allowed without charges in SB account per half year
2.
Penalty for exceeding 30 withdrawals per half year : Rs.5 per withdrawal
3.
Only one cheque book (with 25 leaves) issued to SB account holder at free of cost
4.
MCC cheque charges : Rs.3 per leaf
5.
Rs.1000 will be allowed as Overdraft for Good customers for 3 times in a year who
maintains SB account with us (satisfactorily)
6.
SB Interest payable in half-yearly in June 30th and December 31st of every year
7.
Savings Bank Interest rate is regulated by RBI. At present it is 3.5%
8.
The maximum insurance cover offered by DICGC on deposits per bank per individual
is Rs.100,000
9.
Under KYC norms the report of transactions beyond Rs.10 lacs is to be submitted at
monthly intervals to Controllers and monthly intervals to Govt.
10. A minor at the age of 10 who can adhere to maintain uniform signature, can open SB
account in their single name and maintain a maximum balance of Rs. 2 lacs ( in all
the accounts together)
11. A minor can have Rs.20,00,000 in his accounts ( in all accounts together) provided if
it is operated by Natural Guardian basis.
12. The minimum withdrawal permitted is Rs.50 by cheque or withdrawal slip
13. The minimum deposit permitted in SB account is Rs.10
14. There is no maximum stipulated for withdrawal in SB account
15. Signatures in Capital or Block letters are not accepted
16. Account can be opened in the names of illiterate or blind persons and sick and old,
physically handicapped or otherwise incapacitated persons.
17. An inoperative account is one in which there have been no operations whether debit
or credit during the last 24 months.
18. If you are not happy about your choice of current /savings account, within 14 days of
making your first payment into the account, we will help you switch to another of our
accounts or we will give your money back with any interest it may have earned. We
will ignore any notice period and any extra charges
19. Penalty for non maintenance of minimum balance in Urban/Metro centre: Rs.225 per
quarter
20. Penalty for non maintenance of minimum balance in Semi Urban centre : Rs.200 per
quarter
21. Penalty for non maintenance of minimum balance in Rural centre
:
Rs.100 per quarter
Compiled by P. Arivalagan, Manager (Training), SBLC, Perambur / Mob 9444414641

e-mail: p.arivalagan@sbi.co.in

22. Concessions for Pensioners in terms of penalty : 50 %
RS.100/23. DUP. PASSBOOK WITH LATEST BALANCE
24. For additional Entries : Rs.100 for every 40 additional entries
25. Power of Attorney/Mandate charges : Rs.500 per year
26. Account closure within 14 days : Nil ( if closed for dissatisfaction of service as per
BCSBI)
27. A/C CLOSURE BEFORE 6 MONTHS: PENALY FOR INDIVIDUALS- RS.250/COMPANIES- RS.1000/-
28.
. A/C CLOSURE BEFORE 12 MONTHS:
INDIVIDUALS- RS.150/COMPANIES- RS. 500/-
29.
. ACCOUNT TRANSFER TO ANOTHER
RS. 100/- PER OCCASION
CURRENT ACCOUNT:
1.
In current accounts, there is no restrictions on the number of transactions
2.
The Minimum Balance for Non Individuals Rs.10000 in Semi-urban/Urban/Metros and

Rs.5000 in Rural areas
3.
The Minimum Balance for Individuals Rs.5000 in

Rs.2500 in Rural areas
4.
Penalty for non-maintenance of minimum balance for Non Individuals (in all areas) :
Rs.1000 per quarter
5.
Penalty for non-maintenance of minimum balance for Individuals (in all areas):
Rs.600 per quarter
6.
No interest is paid on current accounts
7.
Overdraft can be permitted in current accounts
8.
Operations will be allowed only by cheque
9.
Min Cash deposit Rs.10. Min Cash withdrawal Rs.50
Semi-Urban/Urban/Metros and
10. An inoperative account is one in which there have been no operations whether debit
or credit during the last 24 months.
11. Account closure penalties : Refer SB account
SAVINGS PLUS ACCOUNT:
1.
The minimum balance in Savings Plus account is Rs.5000


2.
The minimum threshold limit in Savings Plus account is Rs.10000
3.
TDR/STDR will be automatically opened for a minimum amount of Rs.10000 and

thereafter in multiples of Rs.1000 in any one instance for a period of one year by
default.
4.
No overdraft will be allowed
5.
The threshold limit can be changed by the customer by paying Rs.25 as charge
6.
The auto sweep facility would be operative once in a week on any chosen day or
once in a month on any chosen date.
7.
The reverse sweep facility also available in case of need
PREMIUM SAVINGS BANK ACCOUNT:

1.
The minimum age criterion for opening Premium Savings Bank account is 18 years
2.
The minimum balance in Premium Savings Bank account is Rs.25000
3.
There are 100 cheque leaves will be issued to Premium Savings Bank account holder
in a financial year without charges
4.
ATM Gold cards (Master/Visa) will be issued, free of cost
5.
50% concession on draft issue charges and cheque collection charges
6.
25 Multi City Cheques are issued free in a year
7.
25% concessions in Inter Core Service Charges
8.
The earlier name is Rich Savings Bank account
9.
The period is 1 to 5 years
10. LIFO or FIFO permissible; in the absence of instructions, LIFO

TDR/STDR:
1.
Term Deposit receipt for 7 days to 14 days can now be issued for any amount.
Maximum period is 120 months
2.
The minimum amount of Deposit is Rs.1000 and in multiples of Rs.100
3.
Minors with Guardian can deposit a maximum amount of Rs.20.00 lacs
4.
Minors can have deposit in their names up to Rs.2 lacs
5.
TDS is applicable where the interest exceeds Rs.10000 in a year
6.
TDR/STDR falling due on Sundays or other public holidays will be paid on succeeding
working day.
7.
For STDR, the minimum period is 6 months, Maximum is 120 months
8.
15 H can be submitted by the individuals with an age above 65 years


9.
15 G can be submitted by the individuals with an age below 65 years
SENIOR CITIZEN DEPOSIT ACCOUNTS:

1.
The minimum age under Senior Citizen Deposit scheme is 60 years
2.
The minimum amount of deposit is Rs.10000 and in multiples of Rs.1000
3.
In RD account, the minimum maturity must be Rs.10000
4.
The minimum period is 1 year
5.
The maximum period is 10 years
6.
Name of nominee on receipt to be written apart from nominee registration number
7.
If the Senior citizen does not agree to write name of nominee on receipt, consent
letter to be obtained and kept on record
MULTI OPTION DEPOSITS:

1.
It is the combination of SB/CA with TDR/STDR
2.
The minimum deposit under MOD Scheme is Rs.10000, subsequent deposit Rs.5000
and in multiples of 1000
3.
The period of deposit is 1 year to 5 years
4.
The depositor is having option to avail overdraft against the deposit subject to usual
margin and to withdraw the deposit in units of Rs.1000
5.
Rate of interest is same as applicable to TDR/STDR
6.
Breaking of deposits happened at LIFO (Last In First Out) basis
RECURRING DEPOSIT ACCOUNTS:

1.
The minimum monthly deposit is Rs.100 in semi urban, urban and metro and Rs.50
in rural areas
2.
The minimum period for RD account is 1 year and the maximum period is 10 years
3.
TDS is not applicable to RD accounts
CORPORATE LIQUID TERM DEPOSIT SCHEME:

1.
To provide unitized break up of Term Deposit to corporate and institutions with

partial withdrawal facility
2.
The period is 15 days to 3 years
3.
The minimum amount is Rs.50000 and subsequent deposit is Rs.25000 in multiples

of Rs.5000
4.
No advance against CLTD
5.
NO FD receipt is issued


6.
Monthly statement of account will be issued
7.
Minimum withdrawal Rs.5000
LIQUID TERM DEPOSIT SCHEME:

1.
To provide unitized break up of Term deposit to individuals with partial

withdrawal facility
2.
All branches are authorized to open account except rural branches
3.
Minimum deposit of Rs.1500 and subsequent deposit in multiples of Rs.100
4.
No receipt is issued
5.
Pass book is issued
SURABI CURRENT ACCOUNT

Rationale:
To meet the requirements of trusts and other organizations that have cash
accruals needing safe investment options.
To provide Value added product to the top Corporate / Institutions / Trusts
etc
1. A new SB/CA linked to CLTD to cover non-individual customers who have surplus
funds for investments, but at the same time need the convenience of liquidity
2. Eligibility: Opened by charitable institutions, non-profit organizations etc., who are
permitted by RBI to operate SB accounts while the others would need to open
Current Accounts.
3. The Minimum Balance in CA Rs.10000 and in SB Rs.1000
4. Threshold Limit: Min Rs.50,000
5. Auto Sweep: Surplus funds in the account exceeding the threshold limit, with an
initial deposit of Rs.10000/- and in multiples of Rs.1000 in any one instance are
transferred to CLTD.
6. Interest: Card rate only
7. Period: 1-3 years
8. Reverse Sweep through LIFO
9. LOAN / OD / SPECIAL INT: NOT AVAILABLE
KISSAN MITRA JAMA YOJNA:
1.
To provide unitized break up of Term deposit to individuals with partial

withdrawal facility


2.
All rural and semi urban branches

account
with ADBs/ABDs are authorized to open
3.
Minimum deposit of Rs.1500 and subsequent deposit in multiples of Rs.100
4.
Minimum Partial withdrawal: Rs.500 in multiples of Rs.100
5.
No receipt is issued
6.
Pass book is issued
7.
Minimum period 1 year and maximum is 10 years
CAPSGAIN PLUS:
1.
Capsgain plus account can be opened as SB or TD
2.
The minimum balance is Rs.5000 in TDR and Rs.1000 in SB account
3.
This account facilitate parking of capital gains for maximum period of 3 years and
utilization thereof for capital investment
4.
No loan facility is available
5.
Deposits can not be accepted as margin or as collateral security
6.
Premature payment on specific authority from ITO
7.
NO ATM card and cheque book issued
8.
The Withdrawn amount to be invested within 60 days
9.
Withdrawal in SB by specified forms (Form D)
BHAGYA REKHA SCHEME:

1.
The scheme is a variant of RD account will facilitate both liability and asset creation
2.
To attract regular savings through RD account and grant DL to women for general
purposes
3.
The minimum RD installment: Rs.400 per month for 36 months maturity and Rs.200
per month for 60 months maturity
4.
Loan involves simple documentation
5.
Interest at the rate of 2.25% below SBAR, subject to floor rate
6.
The quantum of loan is twice the balance outstanding subject to maximum of

Rs.50000 and the minimum of Rs.5000
7.
The loan would partially be clean and partially be secured by the amount of
outstanding in the RD account


8.
The clean portion of the loan would be repaid in 24/48 monthly installments with
EMIs commencing one month after taking the loan till maturity of RD account
9.
Loan tenure: 24 months tenure for the RD account with 36 months and 48 months
tenure for the RD account with 60 months.
FLOATING RATE TERM DEPOSIT (FRTD):

Ref e-Cir 349/ 16.8.10 and for Product codes e Cir 438 dt 04.09.2010.
Rationale:
To allow the investors to lower their asset-liability mismatch taking

advantage of changing interest rate environment, even in short period,
as rates are reset periodically.
To attract long term-deposits in the current interest rate regime.
1.
Interest Rate linked to the Banks Base Rate.
2.
Eligibility: Any Individual (Singly or jointly), Minor (jointly with guardian), Karta of
HUF. In joint a/cs, if one or more depositors stop the operation, the a/c will be
operated by all holders jointly.
3.
Minimum Amt: ` 1000 in multiple of ` 1000.
4.
Maximum Amt:
5.
Period of Deposit: 1 / 3 / 5 yrs only.
6.
` 15 lacs.
Interest: 1 yr (50 bps < Base Rate), 3 yrs (25 bps < Base), 5 yrs (At Base Rate). In
to Sr Citizen (+0.5%) and staff (+ 1.0%) as applicable. Interest will be paid
quarterly/ monthly discounted.
7.
Liquidity: Loan/ OD up to 90% available at 1.5% p.a. above the deposit rate.
8.
Nomination: Free of charge.
9.
FRTD A/c can be transferred to any branch.
10. Automatic renewal.

11. TDS on interest above ` 10000 per customer, per year, per branch.
12. Premature Withdrawal Penalty of 1% below the rate of deposit with bank
TERM DEPOSIT SBI 555 & SBI 1000 DAYS:
Rationale:
To market medium term deposit aggressively offering attractive rate of interest.
It is a tool to improve further business growth

1.
Segment All.
2.
Branches All.
3.
Type of Account TD or STD for 555 / 1000 days.
4.
Validity May be withdrawn at short notice.
5.
other features as in TD / STD. ( e-Cir 347 dated 16.12.10)
TERM DEPOSIT FOR 18 YRS FOR GIRL CHILD:

(Ref e-Cir 286 dated 29.07.2010.)
Rationale:
To target beneficiaries of Govt Departments who plan to deposit a corpus at

the time of birth of a Girl Child.
It is a tool to improve further business growth
1.
Eligibility: Joint a/cs with legal guardian of Girl child operating the account.
2.
KYC Liberalized KYC for the guardian.
3.
Min `1000 by chq issued by Govt Authority, Max no cap on maturity amount of
deposit.
4.
Premature withdrawal allowed on death of the minor or mandate received from the
Govt. Loan not available to minors.
5.
No Auto renewal on maturity.
6.
Other features As applicable in FD.
7.
While opening account Date of Birth of the Girl child and maturity should be feed
manually.
8.
In no case maturity date exceed 18 yrs from date of birth.
9.
Rate of Int 8% (Valid up to 30th Sept 2010).
SPICA SPECIAL PACKAGE FOR INSURANCE COMMISSION AGENTS:(e-Cir 298 dated

31.07.2010).
Rationale:
To tap deposit from commission agents giving facility equivalent to Silver

customers under CSP (Corporate Salary Package).
To effectively use this scheme as a cutting edge to combat the stiff competition
from Pvt Sector and Foreign Banks.

1.
Eligibility: Insurance agents/ Advisors of Life / General Insurance Cos as listed.
2.
Min Balance: NIL.
3.
ATM-cum Debit Card Free Domestic card with free maintenance & add on card,
without personal accident insurance.
4.
Transactions at ATM Free, Unlimited number but max ` 40000/- per day in SB Gr
ATMs.
5.
Max Withdrawal ` 10000 per transaction, 5 tranx free at other Bank ATMs.
6.
POS (Point of Sale) Transaction max ` 50000 daily.
7.
Internet Banking- Free from SBI, Charge for others sites.
8.
Core Power: Transaction at Non-home/ intra-bank Free for SPICA A/c.
9.
Cheque Book Free 25 leaves in a year, extra if any Rs.2 per leaf.
10. Charges on Multi City Chq leaf, payment & Transaction NIL.
11. Saving Plus Available.
12. Overdraft Not available.
YUVA S B ACCOUNT:
Rationale:
To entice the youth segment and bring them in our fold,
The new product with bundle value propositions and services was introduced.
To effectively use this scheme as a cutting edge to combat the stiff competition
from Pvt Sector and Foreign Banks
1.
Segment: Personal.
2.
Eligibility: Resident, Above 18 yrs to 30 yrs at the time of entry.
3.
Available at all branches in Urban/Metro Centre.
4.
Deposit Amt: Min Rs. 5000/-, Max No limit.
5.
Interest, A/c maintenance & formalities SB A/c.
6.
ATM-cum-Debit Card: Yuva Card (VISA).
7.
Immediate credit of outstation cheque Rs.30000
8.
Free Internet Banking & SMS Alert


9.
Many add on facilities in remittances/ collection, MCC, Inter-core transactions & DDP.
( e-Cir 718 dated 29.01.2010.)
STATE BANK PLATINUM INTERNATIONAL DEBIT CARD:

Rationales:
1.
Vanilla Debit card issued to customers having Current/ SB a/c with us,
To cater to the need of frequently overseas travelling customers, targeting

affluent segment
To meet their banking needs and lifestyle requirements.
Eligibility: i. Annual Income of Customer above Rs 10 lacs, or

ii. Aggregate deposits balance more than Rs 5 lacs.
2.
Mode of operation: PIN on ATM and signatures on Merchant Establishments/PoS.
3.
Daily ATM Cash Withdrawal Limit: Rs 1 lac in India, USD 2000 abroad.
4.
Daily purchase limit on PoS: Rs 2 lacs in India, USD 4000 abroad. Issuance charge
NIL.
Annual maintenance fee: Rs 300 from 2nd year. Fee can waived if min 12 PoS
Transactions during preceding year. Insurance: upto Rs 5 lacs (accidental death
only).
5.
Lost Card Liability: Rs Upto Rs 50000/-
6.
Replacement Card Fee: Rs 200.
7.
Regeneration of PIN: Rs 50.
8.
Loyalty Points: 4 points for every purchase of Rs 100 at PoS.
( e-Cir 851 dated 23.03.2010)

SBI FLEXI DEPOSIT:
Rationale:
To enable our customers to place long term deposits to earn attractive interest
with flexibility
To effectively use this scheme as a cutting edge to combat the stiff

competition from Pvt Sector and Foreign Banks
1.
Segment: Personal
2.
Eligibility: Resident Individuals including minors.
10


3.
Account: R D (Variable deposit) a/c.
4.
Period: Min 5 yrs, Max 7 yrs.
5.
Branches: All except, Spl Credit Intensive Brs.
6.
Min Deposit: Rs 5000 per FY, in multiple of Rs 500, (Penalty Rs 50). Any number of
times of deposit in a month.
7.
Max Deposit: Rs 50000 in a FY.
8.
Interest: As applicable on TDs. Int subject to TDS.
9.
Premature Closure 1% below the rate applicable.
10. Nomination available.

11. Loan Facility: As on TDs.
12. Others terms & conditions as applicable to other deposits.
(e- Cir 823 dated 06.03.2010)
FLOATING RATE TERM DEPOSIT
Rationale :
1.
2.
Floating rate term deposit will allow the investor to take advantage of any
interest rate changes even in the short term

Minimum &Maximum amount :

1,000/- only and thereafter in multiple of ` 1,000/The Maximum Amount that can be invested under this Scheme is `15
lacs
Minor's account:
A minor alone, cannot open an FRTD as the maturity amount cannot be determined
at the time of opening the FRTD.
3.
Tax deduction at source:

If the interest paid/ payable on deposit exceeds Rs.10,000/- per customer,
per year, per branch.
4.
Senior Citizen and Staff Int rates:

Senior Citizens will be paid interest at 50 basis point higher that
Applicable FRTD rate
Staff will be paid interest at 100 basis point higher than applicable
FRTD rate
ANNUITY DEPOSIT SCHEME:

Rationale:
11

To enable the depositor to pay one time lump sum amount and to receive the
same in EMI, comprising partial principal + interest on reducing principal
amount, compounded quarterly & discounted to the monthly value.

1.
Eligibility: Individuals including minors in single or joint names.
2.
Account: Annuity (Term) Deposit.
3.
Min amt of Deposit: Rs 25000 based on min monthly annuity of Rs 1000/-.
4.
Universal passbook & no receipt.
5.
Tenure: 36/ 60/ 84 or 120 months.
6.
Interest: As applicable to TD of tenure as opted by depositor.
7.
Premature Payment in case of death only.
8.
Account opening As TD/ STD, Universal passbook & no receipt.
9.
Nomination: Available.
10. Loan Facility: Max 75% of balance amt of Annuity, further annuity to be deposited in
loan a/c only.
11. Others As applicable in deposit a/cs. (Ref e- Cir 822/ 06.0.10)
SBI TINY SB-CUM-OD A/C:
Rationale:
As per RBI Guidelines
To provide affordable/ low cost credit to low income group/ underprivileged

section of the society with purpose of financial inclusion.
To provide hassle free credit to low income group holding SB Tiny Card to
meet their exigencies without insistence on security, purpose or end-use of the
credit.
1.
Eligibility: SBI Tiny Card holders of last 6 months. Satisfactory transactions in SB A/c.
Routing all income through a/c. Max age of applicant 60 yrs.
2.
Facility: Savings Bank-cum- Overdraft A/c.
3.
Loan Amount: Higher amt either 4 times of average monthly income of last 6 months
or 4 months net monthly income assessed by branch,
4.
Min Rs 1000, max Rs 25000.
12


5.
Repayment: max 24 EMIs from one month after disbursement. DP reduced monthly.
6.
Security & Processing fee: Nil.
7.
Interest: 2% above SBAR, monthly rest.
8.
Disbursement: By sanctioning limit in SB A/c.
9.
Documents: Application form, Documents as per KYC norms, Passport size

photographs, Proof of Income/ Asset & Liability. Specific arrangement letter & DP
Note, DPN Delivery letter. Inspection & Follow-up: As in Personal Loans.
10. Authorized Branches: Link branches where the SB Tiny of the customer is maintained.
(e-Cir 468 dated 05.10.2009)
SBI TINY R D ACCOUNT:
Rationale:
To popularize the smart card based products
To achieve the social objectives, Bank has launched a new RD product with
more flexibility.
1.
Segment: Personal.
2.
Type of A/c: RD A/c on biometric smart cards issued to individuals.
3.
Eligibility: Single individual only, who have already opened SBI Tiny SB A/c with us.
4.
Only one a/c per customer.
5.
Available at Customer
Correspondents.
6.
Initial Deposit Amount: Rs 10 in cash. Monthly Installments: Any amount, multiple

deposits in a month.
7.
Tenure: Fixed period of 36 months.
8.
KYC Norms: As laid down by RBI for No Frill A/c.
9.
Interest: As in 3 yrs TD Rate, compounded quarterly on monthly products.
Service
Points
(CSPs)
of
Bank
appointed
Business
10. Pre-payment attracts 1% penalty.

11. Operation of A/c: Simplified Account opening. Transaction by smart card at CSP.
12. No penalty for nonpayment of any amt.
13. No debit allowed other than pre payment or payment on maturity.
14. No pass book, Mini statement with last 10 transactions.
13


15. Grievances Redressal: A designated Officer called Channel Manager will attend to any
card holders complaints within 21 days. (Refer e-Cir 438 dt 25.09.09)
SBI TAX SAVINGS SCHEME, 2006:
Rationale:
To enable our customers to place long term deposits to earn higher

interest
Also to avail tax benefits u/s 80 C of IT act 1961.
To increase the profitability of the Bank by getting sizable commission
1.
Segment: Personal
2.
Eligibility: Resident assessee for himself/ herself as an individual or in the

Capacity of the Karta of the Hindu undivided family, having Income Tax
Permanent Account Number
3.
Type of account: TD/STD
4.
Period of deposit: Min - 5 yrs Max - 10 yrs
5.
Min deposit: Rs.1,000/- or multiples thereof
6.
Max deposit :Not exceeding Rs. 100,000/- in a year.
7.
Rate of interest: General Public- 7.50%.
8.
Senior citizens- 0.50% above the rate applicable to general public, i.e. 8.00%
9.
SBI staff and SBI pensioners-1.00% above the rate applicable to general public/
senior citizens, with a ceiling of 8.50%.
10. Interest on these term deposits shall be liable to tax under the Act, u/s 194A &
195 of the act, on the basis of annual accrual or receipt, depending upon the
method of accounting followed by the assessee.
11. Premature closure: lock-in period of 5 years for allowing premature closure.
12. No nomination on TD/STD held by or on behalf of minor.
SBI VISHESH:
Rationale :
14
To attract and retain HNI and Mass Affluent customers

To empower all existing HNI and Mass Affluent customers with valued added
services / facilities


Eligibility:
Depositors having deposit of Rs.5 lacs and more
Home Loan borrowers having limits of Rs.10 lacs and more and having deposit of
Rs.2 lacs and more
Car Loan borrowers having limits of Rs. 5 lacs and more and having deposit of Rs.2
lacs and more
Features
i) Free remittances (bankers cheque/ drafts/ TTs) with a ceiling of Rs.25,000/- per
instance and three times per month.
ii) Free collection of cheques, with a ceiling of Rs.25,000/- per instance and three times
per month.
iii) Waiver of processing charges on fresh P' segment loans.
Others
iv) Pre-approved P' segment Home loans - linked to the repayment capacity.
v) Extended business hours for easy/ quick transactions.
vi) Priority allotment of lockers and discounted locker service charges.
vii) Demat account facility with concessional annual charges, at branches where
Depository Participant Services are available.
viii) Issuing special ATM-cum-Debit photo-card with higher per-day withdrawal limit.
ix) A quarterly newsletter targeted specifically for these customers will be sent to them
by the PBBU to keep them abreast of various developments in the Bank including new
schemes/ other offers.
CORE POWER:
1. Transfer of funds from SB/CA at home branch to account self or third party at
any other CBS branch and get credit the same day
2. Deposit of cash (max Rs.50000) by customer or 3d party for same day credit to
the account from a non-home CBS branch.
3. Same day credit to the account in respect of instruments deposited at Home
branch and drawn on CBS branches at Home or NonHome centers or viceversa.
4. Encashment of SB/CA cheques by the account holder at non-Home CBS branches
for cash withdrawal, transfer of proceeds for credit to SB/CA of self or 3rd party
at any other CBS branch for issuance of Drafts/TT/BCs.
CORPORATE SALARY PACKAGE:
1.
Corporate or Institution having minimum number of 25 employees having minimum

pay out of Rs.1.25 lacs p.m. and employees with minimum gross monthly salary of
Rs.5000
15


2.
There are 4 variants: Silver GMS between Rs.5000 and 20000

Gold - GMS between Rs.20000 and Rs.50000
Diamond - GMS between Rs.50000 and Rs.100000
Platinum -
GMS above Rs.100000
3.
Overdraft facility up to 2 months salary can be sanctioned at 4% above SBAR, which

can be adjusted in the next salary(ies) within a period of 6 months.
4.
Concessions in Interest Rates on Home loans, Auto loans and xpress credit loans
Silver:
5.
Free ATM domestic card with no annual maintenance charges
6.
25 cheque leave free in a year and extra leaves available at Rs.5 per leaf
7.
3 cash transactions are free per month. Additional transaction charges Rs.30 per
transaction
8.
Any number of ATM transactions subject to a maximum limit of Rs.40000 per day
9.
Personal Accident Insurance cover Rs.100000/Gold:
10. Free International Gold Debit Card with no annual maintenance charges
11. 50 cheque leaves free in a year. Extra leaves at Rs.5 per leaf
12. 4 cash deposit per month free. Additional : Rs.30 per transaction
13. Any number of transactions by ATM card subject to maximum of Rs.50000 ( $1000).
POS: 2 lacs
14. Personal Accident Insurance cover Rs.400000
Diamond
(Special concessions over and above Gold)
15. Any number of transaction by ATM subject to maximum of Rs.50000 (US $1000),
POS:2lacs
16. No limit on the number of cheques
17. Free International Platinum Debit Card with no annual maintenance charges
Platinum:
18. Any number of transactions
(US$2000)POS:2lacs
by
ATM
subject
to
maximum
of
Rs.100000/-
19. No limit on the number of cheques
16


20. No limit on number of cash deposit transaction
21. Personal Accident Insurance cover Rs.400000(diamond) and Rs.500000 for Platinum
22. Locker charges rebate @ 25%
DEFENCE SALARY PACKAGE:

1.
A tie-up with Indian Army with 12.40 lacs Personnel on line of our existing Corporate
Salary Package.
2.
4 Variants: 1. DSP Silver covers Personnel below Officer Rank or Civilian Staff. 2.
DSP Gold Major, Captain, Lts and Civilian Officers. 3. DSP Diamond Lt Col &
Cols. 4. DSP Platinum Brigadier & Above.
3.
KYC Formalities for all 4 variants: Compulsory proof of ID as First ID field and
proof of address as 2nd ID Proof, Letter of Army Unit if other Add proof not available.
4.
Min Balance required: NIL. Life Time Unique Account number available under all
variants.
5.
ATM-cum-Debit Card: Domestic card to Silver, International Gold Card to others.

Free of cost. Free Add on card to spouse.
6.
No Annual Maintenance charge.
7.
Unlimited Transactions allowed max Rs 40000 a day to Silver & Rs 50000 ($ 1000)
for others.
8.
Internet Banking: Free, Charges applicable for 3rd party site like Railway etc.
9.
Core Power: Transaction at Non-home Brs Free.
10. Transfer of funds between SBI Brs Free for DSP A/c holders, charges applicable to
beneficiary for transfer above Rs 20000/-.
11. Cheque Book: Unlimited, free except applied for EMIs to other Banks. Multi-City
Cheque Leaf & Payment charges Free.
12. Easy Overdraft upto 2 months Net Salary, payable within 6 months, can be
converted to personal loan payable in 48 months.
13. Draft Issue per month with a ceiling of Rs 50000 per draft 5 (Silver), 10 (Gold), 25
(Diamond), Unlimited (Platinum).
14. RTGS/ NEFT Free.
15. Free Pass Book updation at non-home Brs.
(Master e-Circular 150 dt 08.06.09)
SBI PARAMILITARY SALARY PACKAGE:
1.
Eligible: Employee of BSF, CISF, CRPF, ITBP, SSB.
17


2.
Special Features:
a.
Unique Lifelong Account number.
b.
Zero Balance Account.
c.
No Service charges for non-maintenance of minimum balance.
d.
e.
Free ATM-cum-Shopping Card with no annual maintenance charges, Free

Add-on card for
joint a/c holder, Free Multi City Chq, Free Demand
Drafts, Free Internet Banking, RTGS, NEFT, Core Power, SMS Alerts.
Auto-sweep facility to MODs.
f.
Concession in margin for Home & Car Loans.
g.
Concessions in interest on Home, Car, Xpress Credit and Education Loans.
h.
Discount on purchase of Gold Coins.
NO FRILL ACCOUNT:
1.
Age : 18 years and above
2.
Gross Income: Rs.5000 or below
3.
Minimum Balance : Nil
4.
Initial Deposit required : Rs.50
5.
Maximum balance can be maintained in the account : Rs.10000
6.
The annual credit summations should not exceed Rs.100000
7.
Cheque Facility and ATM facility available
8.
No INB and non-home transaction facility is available
GOLD DEPOSIT ACCOUNT

1.
Minimum quantity of Gold is 500 grams (gross)
2.
Nodal Branch: Overseas Branch, Mumbai
3.
Period : 3/4/5 years
4.
Rate of Interest : 1%/1.25%/1.5%
5.
Gold only in the scrap form
6.
Certificate only issued
18


SB ACCOUNT AND DEPOSIT PRODUCT DETAILS

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SB ACCOUNT AND DEPOSIT PRODUCT DETAILS

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STATE BANK LEARNING CENTRE, PERAMBUR, CHENNAI.

HAND OUT ON LIABILITY PRODUCTS

30 withdrawals are allowed without charges in SB account per half year

MCC cheque charges : Rs.3 per leaf

Savings Bank Interest rate is regulated by RBI. At present it is 3.5%

Compiled by P. Arivalagan, Manager (Training), SBLC, Perambur / Mob 9444414641

STATE BANK LEARNING CENTRE, PERAMBUR, CHENNAI.

. A/C CLOSURE BEFORE 12 MONTHS:

INDIVIDUALS- RS.150/COMPANIES- RS. 500/-

. ACCOUNT TRANSFER TO ANOTHER

RS. 100/- PER OCCASION

In current accounts, there is no restrictions on the number of transactions

The Minimum Balance for Non Individuals Rs.10000 in Semi-urban/Urban/Metros and

The Minimum Balance for Individuals Rs.5000 in

No interest is paid on current accounts

Overdraft can be permitted in current accounts

Operations will be allowed only by cheque

Min Cash deposit Rs.10. Min Cash withdrawal Rs.50

The minimum balance in Savings Plus account is Rs.5000

Compiled by P. Arivalagan, Manager (Training), SBLC, Perambur / Mob 9444414641

STATE BANK LEARNING CENTRE, PERAMBUR, CHENNAI.

The minimum threshold limit in Savings Plus account is Rs.10000

TDR/STDR will be automatically opened for a minimum amount of Rs.10000 and

No overdraft will be allowed

The reverse sweep facility also available in case of need

PREMIUM SAVINGS BANK ACCOUNT:

The minimum balance in Premium Savings Bank account is Rs.25000

ATM Gold cards (Master/Visa) will be issued, free of cost

50% concession on draft issue charges and cheque collection charges

25 Multi City Cheques are issued free in a year

25% concessions in Inter Core Service Charges

The earlier name is Rich Savings Bank account

The period is 1 to 5 years

10. LIFO or FIFO permissible; in the absence of instructions, LIFO

The minimum amount of Deposit is Rs.1000 and in multiples of Rs.100

Minors with Guardian can deposit a maximum amount of Rs.20.00 lacs

Minors can have deposit in their names up to Rs.2 lacs

TDS is applicable where the interest exceeds Rs.10000 in a year

For STDR, the minimum period is 6 months, Maximum is 120 months

15 H can be submitted by the individuals with an age above 65 years

Compiled by P. Arivalagan, Manager (Training), SBLC, Perambur / Mob 9444414641

STATE BANK LEARNING CENTRE, PERAMBUR, CHENNAI.

15 G can be submitted by the individuals with an age below 65 years

SENIOR CITIZEN DEPOSIT ACCOUNTS:

The minimum age under Senior Citizen Deposit scheme is 60 years

The minimum amount of deposit is Rs.10000 and in multiples of Rs.1000

In RD account, the minimum maturity must be Rs.10000

The minimum period is 1 year

The maximum period is 10 years

Name of nominee on receipt to be written apart from nominee registration number

MULTI OPTION DEPOSITS:

It is the combination of SB/CA with TDR/STDR

The period of deposit is 1 year to 5 years

Rate of interest is same as applicable to TDR/STDR

Breaking of deposits happened at LIFO (Last In First Out) basis

RECURRING DEPOSIT ACCOUNTS:

TDS is not applicable to RD accounts

CORPORATE LIQUID TERM DEPOSIT SCHEME:

To provide unitized break up of Term Deposit to corporate and institutions with

The period is 15 days to 3 years

The minimum amount is Rs.50000 and subsequent deposit is Rs.25000 in multiples

No advance against CLTD