Quick Success Series - Testkart.com · Sanjay Kumar Sharma,Manager(Training),and Sri Jitendra Kumar...

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QUICK SUCCESS SERIES, an initiative of SBLC Deoghar to facilitate the preparation of promotion seeking personnel of our Bank, appears to have succeeded in its objective to a large extent, as the readers are still approaching us for its revision/updation despite availability of plenty of other study materials. We would not have been able to sustain this unique effort of ours, without the active support and continuous encouragement of our DGM cum Circle Development officer Sri Bijayananda Padhi. We are deeply indebted to him for his co-operation and guidance. Sri Rakesh Roshan, Chief Manager (Training) Sri Kumar Priyank, Chief Manager (Training) ,Sri Sanjay Kumar Sharma,Manager(Training),and Sri Jitendra Kumar Arun Manager (Training) at this SBLC have owned up this project and have taken pains to keep it relevant to the users by updating & improving it at half yearly interval. Though every care has been taken while updating the contents, we request our readers to point out any lapses at the earliest. Needless to mention this book is not a substitute of circular instructions issued by the Bank from time to time. For detailed guidelines please refer to Bank’s latest circulars. Soft copy of this edition is available on our ftp://10.151.51.33 in QSS folder and on SBI TIMES>PATNA CIRCLE>SBLC Deoghar site. Team SBLC Deoghar is humbled by the response and recognition, it is receiving from the readers within and beyond the circle. We wish the readers grand success in their endeavours. Abhishek Kumar Sharma Assistant General Manager, State Bank Learning Centre, Deoghar- 814112 Phone- 06432-232895 Fax - 06432-231810 e-mail: [email protected].in Quick Success Series Updated by :Sanjay Kumar Sharma Manager Training, SBLC Deoghar Mobile- 9934435855 email- [email protected] Liability & Transaction Products Updated upto 31 th October 2016

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QUICK SUCCESS SERIES, an initiative of SBLC Deoghar to facilitate the preparation of promotion seeking personnel of our Bank, appears to have succeeded in its objective to a large extent, as the readers are still approaching us for its revision/updation despite availability of plenty of other study materials. We would not have been able to sustain this unique effort of ours, without the active support and continuous encouragement of our DGM cum Circle Development officer Sri Bijayananda Padhi. We are deeply indebted to him for his co-operation and guidance. Sri Rakesh Roshan, Chief Manager (Training) Sri Kumar Priyank, Chief Manager (Training) ,Sri Sanjay Kumar Sharma,Manager(Training),and Sri Jitendra Kumar Arun Manager (Training) at this SBLC have owned up this project and have taken pains to keep it relevant to the users by updating & improving it at half yearly interval. Though every care has been taken while updating the contents, we request our readers to point out any lapses at the earliest. Needless to mention this book is not a substitute of circular instructions issued by the Bank from time to time. For detailed guidelines please refer to Bank’s latest circulars. Soft copy of this edition is available on our ftp://10.151.51.33 in QSS folder and on SBI TIMES>PATNA CIRCLE>SBLC Deoghar site. Team SBLC Deoghar is humbled by the response and recognition, it is receiving from the readers within and beyond the circle. We wish the readers grand success in their endeavours. Abhishek Kumar Sharma Assistant General Manager, State Bank Learning Centre, Deoghar- 814112 Phone- 06432-232895 Fax - 06432-231810

e-mail: [email protected]

Quick Success Series

Updated by :Sanjay Kumar Sharma Manager Training, SBLC Deoghar Mobile- 9934435855 email- [email protected]

Liability & Transaction Products

Updated upto 31thOctober 2016

Quick Success Series Liability & Transaction Products

October 31, 2016

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SAVINGS BANK (Master cir.no-391/2016-17dated22 June,2016)

Savings Account may be opened by i) Any individual in his sole name ii) By two or more individuals jointly with survivorship benefits (like E or S, Both or Survivor etc) or to be jointly operated also

Removal of charges for non maintenance of minimum balance in Savings Bank Accounts of Personal Segment customers: As a major step toward customer retention and acquisition, it has been decided that all Personal Segment Savings Bank account holders across all our branches will now be benefitted from waiver of service charge for non maintenance of minimum balance stipulation (e-Circular no.1025/2011-12 dated 22.02.2012).

If at any time any one of the account holders issue stop payment of operation by the other joint account holders then account can be operated in future only Jointly by all the account holders

Minimum Cash Deposit permitted Rs 10/-

Maximum Cash Deposit permitted No restriction

Minimum cash withdrawal permitted Rs 50/-

Maximum cash withdrawal permitted No restriction

Number of Credits permitted No restriction

Personal Accident Insurance available. Maximum number of debit entries

permitted without any charge 30 per half year excluding SBI alternate channel transactions. Transactions through other bank’s ATM will be included

Can third party cheques endorsed in favour of account holder be deposited No

In non cheque operated A/c, withdrawal form should be invariably accompanied by Passbook

Payment through withdrawal form can be made to Self only

Any exception When an account holder is unable to attend personally for withdrawing money,

he may send his representative along with the pass book and a letter of authority in the prescribed format

W.e.f. 1st Apr 2010, Interest in SB A/c are being calculated on daily product basis Interest is paid in the month of June

September, December and March every year in SB accounts.

Can an account be opened in the name of Minor Yes, either (a) singly or jointly with her / his guardian only or b) by guardian alone on behalf of her/ his minor ward

Conditions for opening an account in sole name of minor Minors who can adhere to uniform signature, who understand nature of Banking Transaction and are not less than ten years old.

SB –Minor Accounts in the sole name or Minor- Minor Becoming Major The minor has to complete the below mentioned formalities on attainment of majority: a) Confirm the balance in his/her

account. b) Submit fresh specimen signature and

photograph. c) Provide a declaration with the proof

of majority for activation of the account as a major account.

d) Obtain the copy of PAN Card or Form 60/61 (whichever is applicable) All Branches can monitor such accounts i.e. accounts where minors have attained majority from the daily report (depd0622.txt) e-Circular no.1346/2013-14 dated 11.03.2014

Can an account be opened in the name of Illiterate person Yes, An illiterate person may open an ordinary Savings Bank account in his sole name or jointly with other person(s).

Can Illiterate person open a cheque operated A/c Where one of the depositors is literate a cheque-operated joint account payable to ‘any one, survivors or survivor’ or ‘either or survivor’, etc., may be opened in which

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event only the literate depositor will be allowed to withdraw moneys from the account by means of cheques Extra Precaution to be observed in case of Account closure by Illiterate Person. The thumb impression of the depositor on the Savings Bank account closing form will, in all cases, be witnessed by an independent witness acceptable to the Bank. Also, the passing official will explain to the depositor in the presence of the witness that no more money is due to the depositor from the Bank.

Can an account be opened in the name of a person not knowing either the Regional language or English or Hindi Yes, on the same terms & conditions as for an illiterate person

Extra caution to be observed in opening account in the name of person who are deaf/dumb and also illiterate In such cases preferably accounts should be opened to be operated jointly by the deaf dumb illiterate along with his close blood relations

Revised Guidelines for self operated cheque facility to visually impaired person i) Third party cash payment of self drawn cheques by visually impaired persons is now permitted ii) Letter of undertaking for “Self Operated Cheque Facility to Visually Impaired/Blind person” is dispensed with and shall not be obtained henceforth iii) If a visually impaired depositor is able to sign the cheques consistently, affixing her/his thumb impression at the time of issuing cheque is not required iv) The cheque leaves hitherto required to be branded as “CARE – Depositor Visually Impaired”, shall now be stopped v)However, if the depositor(s) feel(s) that her/his/their signature may not exhibit consistency due to the impairment / some other infirmity and do/does not mind branding “CARE – Depositor Visually Impaired” stamp, in order to avoid the ‘cheque being returned unpaid’ on account of ‘difference in the signature’, in such cases a written request for branding the cheques may be obtained, cheques

shall be branded and thumb impression shall also be obtained and witnessed by the Bank Official under his signature and specimen signature number, along with the Bank stamp

SB Account is treated as inoperative if

No transactions for a period of 2 years (For this purpose both the type of transactions i.e. debit as well as credit transactions, induced at the instance of customers will be considered. However, the service charges levied or interest credited by the Bank will not be considered)

Provision for treating the account as dormant after one year removed (Rationale: i) It was an extra precaution taken by the Bank for better risk management. ii) RBI do not make any differentiation between dormant and inoperative account ii) Thus, to align with RBI Guidelines and to have uniformity across the banks, the instruction has been revised)

Annual review should be carried out of accounts with the balance of Rs. 5000/= and more and no operations for more than a year i) Branches may inform the account holders in writing on the prescribed format, to ascertain the reason for non-operation in the account. ii) If, it is due to shifting of the locality, they may be asked to provide details of their new accounts to which the balance in the existing account could be transferred.

Steps to be taken for ‘Inoperative Accounts’, with balance of Rs 25000/= and more i) If the letter is returned undelivered, they may immediately be put on enquiry to find out the whereabouts of customers or their legal heirs in case of deceased account. ii) In case, the whereabouts of the customers are not traceable, person(s) who has/have introduced the account holder should be contacted. Contacting the employer or any other person whose

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details are available with the Bank may also be considered. iii) The account holder may also be contacted telephonically if the telephone/cell number is available. In case of non-resident accounts, account holders may also be contacted through email and confirmations be obtained

Can overdraft be granted in SB A/c Yes, to good customers only to an extent of Rs 1000/- for not more than three occasions in a year. OD to be adjusted within one month

A/c to be debited for this purpose ‘Overdrafts in Savings Bank Account’- it is a current account

No charge to be levied for updation of passbook at non home branches. (e-Circular no.258/2011-12 dated 02.07.2011)

In case of joint accounts operated by "Former or Survivor", the ATM card can be issued only to the "former". The request for issuing an ATM card must

be signed by all the account holders in such cases.(ATM Manual 2016 Para 10.9)

Government departments / bodies / agencies in respect of grants/ subsidies released for implementation of various programmes / Schemes sponsored by Central Government /State Governments subject to production of an authorization from the respective Central / State Government departments can open savings bank account”.(e-cir167/16-17dtd 03.05.16)

Basic Savings Bank/Small Account : With a view to doing away with the stigma associated with the nomenclature ‘no-frills’ accounts, RBI has advised the banks to offer a ‘Basic Savings Bank Deposit Account’/ ‘Small Account’, which will offer certain minimum common facilities to all their customers without levying charge. No Frills Account has since been withdrawn. All such SB account should be opened either Basic Savings Bank or As Small Accounts.

BASIC SAVINGS BANK DEPOSIT ACCOUNT (Fully KYC Compliant)

Purpose: Financial Inclusion Salient Features: No minimum balance

requirement. ATM-cum-Debit card will be issued free of cost. No annual maintenance fee will be levied. Transferability of accounts. Max 4 withdrawals in a month including ATM withdrawals. INB, MBS & Kiosk Banking is available. Interest calculated on daily basis.

MCC-Rs.3/ per cheque leaf for all Savings Bank accounts having QAB as on previous quarter end below Rs.25000/-.(First 20 leaves free). Rs.2/- per cheque leaf for accounts having QAB25000/- and above as on previous quarter end. (First 50 leaves free)

Restrictions: Max 4 withdrawals in a month, including ATM withdrawals at own and other Bank’s ATMs. Holder of Basic Savings Bank Account will not be eligible to open any other Savings Bank Account. In case, he/she already has an account, the same will have to be closed within a month of opening a Basic Savings Bank Deposit Account. Only basic ATM-cum-debit card will be issued. However, the services like debit transactions beyond 4 in a month will be allowed after recovery of stipulated service charges. Variants of ATM cards can be issued on payment of stipulated charges.

SMALL ACCOUNTS (Liberalised KYC) Purpose: Financial Inclusion. To facilitate

opening of accounts for individuals who do not have officially valid KYC documents.

Salient features: No minimum balance required. Liberalised KYC requirement. Earn interest at 4% p.a. ATM-cum-Debit card will be issued free of cost. Maximum four withdrawals including ATM withdrawals in a month. Interest calculated on a daily basis.

Restrictions: Aggregate of all credits in a FY does not exceed Rs.1.00 lac. Aggregate of all withdrawals and transfers in a month should not exceed Rs.10000/-. Balance in this Account at any point should not exceed Rs.50000/-. Foreign Remittances are not allowed to be

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credited into a Small Account unless the identity of the client is fully established through the production of officially valid documents. A small account shall remain operational initially for a period of 12 months, and thereafter for a further period of 12 months if the holder of such an account provides evidence before the Bank of having applied for any of the officially valid documents within 12 months of opening of account, with the entire relaxation provisions to be reviewed in respect of the said account after 24 months. A stop will be set in CBS on completion of 12/24 months which can be removed by the Home Branch after reviewing the account as above. Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank’s ATMs shall be allowed. Thereafter service charges as per regular Savings Bank Account will apply. Only basic ATM-cum-debit card will be issued. SMALL ACCOUNT: LATEST KYC INSTRUCTIONS (e-Circular Sl No. 1151/2014-15 dated 27.12.2014)

“Those persons who do not have any of the ‘officially valid documents’ can open Small Accounts with Banks. A Small Account can be opened on the basis of a self attested photograph and putting her/his signature or thumb print in the presence of an official of the Bank. Such accounts have limitations regarding the aggregate credits (not more than Rupees one lakh in a year), aggregate withdrawals (not more than Rupees ten thousand in a month) and balance in the accounts (not more than Rupees fifty thousand at any point in time). These Small Accounts would be valid normally for a period of twelve months. Thereafter, such accounts would be allowed to continue for a further period of twelve more months, if the account holder provides a document showing that she/he has applied for any of the officially valid document, within twelve months of opening the Small Account.”

FINANCIAL INCLUSION:

OPENING OF ACCOUNTS UNDER PRADHAN MANTRI JAN-DHAN YOJANA (e-Circular Sl No.665/2014-15 dated 03.09.2014) With a view to expand comprehensive financial inclusion in a mission mode, Hon’ble Prime Minister had announced ‘Pradhan Mantri Jan-Dhan Yojana’ on Independence Day 15th August 2014. The scheme has been officially launched across the country on 28th August, 2014. The scheme envisages provision of banking outlets and a Basic Saving Bank Deposit (BSBD) account to every household by 26th January 2015. BSBD accounts can be opened with zero balance. The target group under the scheme would be the households which could not open their account so far. In order to ascertain the uncovered households in villages/wards allocated to our Bank, our Bank have already advised the Circles to get a survey completed by 30th September 2014. These FI customers are also to be provided with Rupay Debit cards which have an in-built accidental insurance cover upto Rs one lac. Since there are many variants of SB accounts in our Bank, therefore for operational convenience a) The term FI accounts is used for BSBD and Small accounts opened through branch or BC channel. b) Product codes of FI accounts: Available at Branches: 1011-1701 BSBD 1011-1601 Small Accounts

1611-1411 SBI Tiny OD Accounts Available at BC channel: 1611-1411 SBI Tiny OD Accounts1611-1401 Tiny Accounts (used for minors, without OD) c) Therefore, any new FI account opened under the captioned scheme is to be opened under above product codes. d) BSBD is a full KYC account, whereas Small account or Tiny account are opened with liberalized KYC (For details refer to e-Circular NBG/PBU/LIMASB/15/2013 dated 26th Sept 2013 and NBG/PBU/LIMA-SB/16/2013 dated 26thSept 2013) e) There is no separate product code for PMJDY. Existing account holders are not required to open fresh account under PMJDY. RuPay Debit Cards can be issued against existing accounts

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also. All RuPay Debit Cards carry an in built accidental insurance upto Rs 1 lac. f) PMJDY scheme provides for overdraft facility after six months of satisfactory conduct of account. For this purpose, our existing product (1611-1411 SBI Tiny OD Accounts) enabled both at branch and BC channel will suffice.

New Savings Bank Product Savings Bank Account for Children below 18 Years of Age – “Pehla Kadam and Pehli Udaan” (Refer e-Circular Sl no.662/2014-15 Circular No. : NBG/PBU/LIMA-SB/16/2014 – 15September 05, 2014)

Two new Savings Bank products have been designed for Minors – “Pehla Kadam and Pehli Udaan”. Pehla Kadam is a Savings Bank account for Minor of any age operated jointly with his/ her Parent/Guardian or singly by Parent/Guardian, while Pehli Udaan is a singly operated Savings Bank Account for a Minor aged 10 years and above and who can sign uniformly. Certain limits and restrictions have been built into these accounts as risk mitigation feature. The maximum balance in these SB accounts is capped at Rs. 5 lacs and the aggregate balance on the Minor’s CIF is capped at Rs. 10 lacs. Moreover, there are various caps on the maximum amount transacted using these accounts in order to limit exposure.

Special Account Opening Kits have been designed for these products with colourful creative to suit the taste and likings of the youngsters. This kit consists of an A4 size jacket (enclosed) which in turn houses a Letter to the customer listing the product features in brief, a proposal form for the Child Plan – Smart Scholar, Smart Scholar leaflet, etc. All these items are housed inside an A4 size envelope. An Account Opening Form will have to be inserted in this kit to complete it and then can be handed over to the potential customers. For opening accounts under this product code the following KYC documents should be taken as below:

a) Pehla Kadam: Proof of Date of Birth of the Minor and KYC documentation of the Parent.

b) Pehli Udaan Proof of Date of Birth of the Minor and KYC documentation of the Parent.

An agreement/undertaking with respect to Internet Banking, ATM cum- Debit Card and Mobile Banking will be signed by both the Minor (more than 10 years of age) and the parent/guardian of the Minor. The parent/guardian shall be solely responsible for the transactions made by the Minor in this account.

Passbooks and Cheque Books have been specially designed for these products. The passbooks for these accounts will be provided to all the Branches by the respective Circle Stationery Departments. The specially designed cheque book stationery has been provided to the LCPC by CSD Kolkata. Personalised cheque books will be sent to the address of the customer. Keeping in view the sensitive nature of minor account, it has been decided to put a limit of Rs. 5000 for ATM withdrawal, POS transactions, Payment of Bills, Third Party cash payment, Inter Bank transfer. Minors will be given exclusively designed branded Photo ATM-cum-Debit Card. The card will have product branding on it and the photograph of the Minor will be embossed on it. The limit for withdrawal/POS will be restricted to Rs. 5,000/- for both the variants. Under Pehla Kadam, the ATM Card will be issued in the joint names of Minor and Guardian and under Pehli Udaan the ATM card will be in the sole name of the Minor. Branches are advised not to issue normal domestic classic ATM card while opening the account and in lieu of the same upload the scanned image of the account holder before applying for the specialised ATM card designed for the account. Some features bundled along with these products are: i. Auto sweep: The product has the auto sweep facility with a minimum threshold of Rs. 20,000 however the Sweep will be in multiple of Rs 1,000 with a minimum of Rs. 10,000.

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ii. OD facility: An Overdraft facility is available to the parents for meeting immediate requirements such as payment of school fees, etc. The Overdraft may be grated against fixed deposits or two months’ salary in case of Corporate Salary package accounts as the case may be subject to fulfilling other terms and conditions. iii. Internet Banking: The customers will be provided with Enquiry Rights and Limited Transactions like Bill payment, Opening of e-TDR/e-STDR/e-RD with Per day Transaction Limit of Rs. 5,000/-. iv. SMS facility is available & would be sent to the mobile number of the parent if so desired by the parent. The branch will require to capture the mobile no. of the parent/guardian accordingly. In case of Pehli Udaan account, since the minor will be able to carry out INB transactions by using OTP received, the minor will require to register his/her mobile no. in the INB platform. v. Mobile Banking: The customers will have the Viewing Rights and limited transaction rights like Bill payment, Top ups with per day transaction limit of Rs. 2,000/-. The minor can opt for a different mobile no. for operational convenience if parent’s mobile number is captured in CBS. Brief features of the two products are given in the table below:

Features Pehla Kadam Pehli Udaan

Eligibility Minor of any age

Minors above the age of 10 years and who can sign uniformly

Cap on Balance

• Rs. 5 lac in the Account • Rs. 10 lac aggregate deposit on the CIF of the Minor

Mode of Operation

Jointly with the Parent/Guardian or Singly by Parent/Guardian

Singly operated

Internet Banking

With Enquiry rights and limited transactions like - Bill payment, Opening e-TDR/e-STDR/e-RD,

With Enquiry rights and limited transactions like - Bill payment, Opening e-TDR/e-

Inter-Bank funds transfer (NEFT only), and Issue Demand Draft. Per day transaction limit of Rs. 5,000/-

STDR/e-RD, Inter-Bank funds transfer (NEFT only), and Issue Demand Draft.Per day transaction limit of Rs.5,000/-

Product Codes

• 1029 1411-SBCHQ SBP PEHLAKADAM (G) INR • 1029 3411-SBCHQ SBP STF PEHLAKADAM (G) INR

1029 1421-SBCHQ SBP PEHLIUDAAN (G) INR

KYC Requirements

Date of Birth proof of the Minor + KYC of the Parent

Date of Birth proof of the Minor + KYC of the Parent

Cheque book Personalised chequebook (with 10 cheque leaves) will be issued to the Guardian in the name of minor u/g guardian.

Personalised chequebook (with 10 cheque leaves) will be issued if the minor can sign uniformly.

Photo ATM-cum- Debit Card

Child’s photo embossed ATM cum- Debit Card with withdrawal/ POS limit of Rs 5,000/. Card will be issued in the name of the minor and Guardian

Photo embossed ATM-cum-Debit With withdrawal/ POS limit of Rs. 5,000/- will be issued in the name of the minor.

Mobile Banking

With viewing rights and limited transaction right like: Bill payment, Top ups. Per day txn

With viewing rights and limited transaction right like Bill payment, Top ups, IMPS.

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limit of Rs. 2,000/-

Per day txn limit of Rs.2,000/-

Auto sweep Auto sweep facility with a minimum threshold of Rs. 20,000. Sweep in multiple of Rs 1,000 with a minimum of Rs. 10,000

Over Draft Overdraft against Fixed deposits or two months’ salary in case of Corporate Salary package accounts as the case may be subject to fulfilling other terms and conditions.

Standing Instruction

An option of setting up of one Standing Instruction for Recurring Deposit, free of charge.

Value Added Feature (optional)

PAI for Parent Personal Accident Insurance Cover (offered by SBI General) for the Parent (in case of Pehla Kadam account only).

Child Plan Smart Scholar - Child Plan offered by SBI Life with inbuilt premium waiver benefit and loyalty additions to fulfil the child’s dreams.

NEW SAVINGS BANK PRODUCT: NATIONAL SKILL DEVELOPMENT CORPORATION-TRAINEE’S ACCOUNT

UNDER PRIME MINISTER KAUSHAL VIKAS JOJANA: PROJECT PRODUCT CODE (1119- 1101) (e-cir.350/16- 17dtd15.6.16)

1 Purpose To facilitate opening of Savings Bank accounts by the beneficiaries/trainees under the scheme.

2 Product Code

1119-1101

3 Scheme to be operational at

All the branches

4 Who can Indian individual at the age of

open the account

18 years & above who undergoes a skill development training in an eligible sector by an approved training partner of NSDC

5 Account can be opened by

Individuals singly

6 Documents required

Normal KYC documents

7 Nomination Available

9 Marking/ Unmarking of Hold

The account holders will be trainees of NSDC. The training will be provided by the training institutions and the cost of the training will be recovered from the monetary incentive released by NSDC, after the successful completion of the course. For this purpose a hold equal to the amount payable to the training centre ,will be created in favour of the training institution, and the money will be transferred to training institution on completion of the training. To this effect a mandate signed by the trainee will be obtained at the time of account opening.

10 Transfer to normal S B account.

After auto transfer of the specified hold amount, the account will be treated as normal SB account or closed as per the mandate given by the trainee.

The training institutions selected by NSDC will sign the MOU with our Central Secretariat Branch New Delhi which is the Nodal branch for this scheme.

After signing the MOU the training institutions will admit students and collect account opening forms with KYC documents and submit the same at the branch which is convenient to them. The branch has to verify KYC documents and open the account. As in the case of Salary Accounts , any official from the branch will go to the training institution and verify the KYC documents and get the Trainee’s signature ,else the trainees will have to come to the branch for opening the accounts.

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Along with the Account Opening Form the trainees will also sign a mandate authorizing the bank to transfer the training cost received from NSDC on completion of the training to the trainer’s account. The training institutions will also open Current Account with the Bank if they are not already having the same. Introduction of new product for INB Customers SBI Holiday Savings Account(e-cir.1369/15-16 dtd08.02.16) The general rules as applicable for e-RD will be applicable here. However, other features to be noted are listed below: 1. Holiday Savings Account can only be opened online through internet banking. 2. It is a 12 month RD opened with the Bank and 13thinstallment will be a combination of interest from the Bank and top up from Thomas Cook. 3. At the time of opening account SI will be set automatically on the account. However customer can change this later online or through home branch. 4. RD installments can be made online or at branch. 5. Domestic, NRE, NRO and staff can avail this facility. 6. The account can be closed online or at branch. 7. RD installment amount is calculated by dividing the holiday package cost by 13 and rounded off to a multiple of 100. 8. The maturity proceeds will go to Thomas Cook account which is the default option set at the time of opening the account. However, customer can change this maturity mandate online or through branch at any time during the tenure. He can do so online through ‘Modify Maturity Instruction’ tab under ‘My Holiday Savings A/c’. 9. Penalties and charges as applicable for e-RD will apply here as well. 10. The interest rate as applicable at the time of booking the RD will be fixed during the entire tenure of the scheme. 11. Senior citizens can avail special rates of interest on this product by ticking the box ‘Senior citizen’ at the time of opening the account online. CURRENT ACCOUNT

Banks should, at the time of opening Current Accounts, insist on a declaration to the effect that

the account holder is not enjoying any credit facility with other Bank(s). Banks should scrupulously ensure that their branches do not open Current Accounts of entities which enjoy credit facilities (fund based or non-fund based from the banking system without specifically obtaining a No-Objection Certificate from the lending bank(s). Banks note that non- adherence to the above discipline could be perceived to be abetting the siphoning of funds and such violations which are either reported to RBI or noticed during their inspection would make the concerned banks liable for penalty underBankin Regulation Act.1949”.(e-cir 701/16-17 dtd 29.08.16

Minimum QAB to be maintained in a current account by Non-Individuals in Rural Areas & Other Areas Rs. 5000 & Rs. 10000/-respectively.

Minimum QAB to be maintained in a current account by Individual in Rural Areas & Other Areas respectively. Rs.2500 & Rs. 5000/-respectively Penalty for non maintenance of QAB for Non- individual Current AccountRs 1000/- per quarter Penalty for non maintenance of QAB for

individual Current Account Rs 611/- per quarter

A/ C Closure Charge (See SB A/c) POWER POS: CURRENT ACCOUNT POS (POINT

OF SALES) LINKED OVERDRAFT (e-cir.621/16-17 dtd 09.08.16)

Target Customers

Customers ( All Segments ) with our POS facility

Minimum Balance

The account may be opened with Zero balance

QAB Rs.5000/-

Cash deposit in home branch

Free up to Rs.25,000/- Beyond Rs.25,000/- Cash Handling Charges would be Rs.0.75/ Rs.1,000/- + ST Minimum Rs 50/-+ST Maximum Rs 20000/-+ST

Cash deposit at CDM

Normal Card Rates Service Charge: Rs 22 /-+Service Tax Levied from 1st October 2015, Maximum Limit: Rs.49900/-

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per transaction (Maximum of 200 pieces at any one instance).

Cash withdrawal in Home Branch

No upper limit

Banker's Cheques/ Demand Drafts/IOI

At par

Cash Pick up Charges

Withdrawal of 100% waiver of CMP charges. Normal CPU charg

Outstation Cheque Collection

50 % Normal card rates

Multicity Cheque issue charges

First 100 cheques free, thereafter 50% of the card rates

Cash Deposit at non-home Branch

Maximum : Rs. 2.00 lacs per day Charges : Normal card rates will be applicable Branch Manager vested with the discretion to accept higher amount. Normal charges will be applicable

Encashment of self cheques at Non-Home Branch

Normal card rates Max.Limit:1.00 lac Free up to Rs.50,000/- above Rs. 50,000: Rs.2.50/- per Rs. 1000

SME Insta Card, • Xpress Collect Card, • Business Debit Card • CINB/RINB

To be offered by the branch at the time of opening of the account

Penalty for closure of account within 12 months

Rs. 1000 /-

Overdraft Available up to Rs 5 lakhs Loan Amount: 25% of last 6

months transaction. Min: Rs 25000/- Max: Rs 5 Lacs Facility is available : • Only after 6 months after installation and satisfactory operation of terminal with all other terms and conditions remaining same. • satisfactory operation will necessarily mean, the terminal has not been levied commitment charges due to inactivity of the terminal • To be eligible for OD, the merchant must have generated a transaction volume of at least Rs 1.25 lac on the terminal(s) installed in the last 6 months to be eligible. • Loan Amount :25% of last 6 months transaction , min. Rs 25000/-, Max :Rs 5 lacs

Non maintenance of QAB

Rs. 500 /- per quarter.

Interest on deceased CA to be paid at the rate of

SB rate based on simple interest from the date of death to the date of final payment made to the beneficiary. TDR/STDR

Minimum amount of deposit that can be accepted as Term / Special Term Deposit Rs.1000.00 & thereafter in multiple of Rs 100.00

Minimum & Maximum tenure for Term Deposits 7 days & 120 months respectively

Minimum & Maximum tenure for S.T.D.R 6 months & 120 months respectively

Maximum amount of loan that can be granted against Term Deposits

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90% of principal amount + accrued interest (Subject to an undertaking to be furnished by the applicant to repay the loan in monthly installments)

Opening of multiple Demand Loans against the same TDR/STDR is now permitted, so long as the sum total of the limits of all DL A/cs is within permissible limit of DL against TDR/STDR. The sanctioning authority can allow max of 4 such DLs. In special cases AGM/RM can permit 5th loan.

At what interval Interest is to be paid on TDR Generally at Quarterly Interval, But on request from the depositor, interest may be paid at half-yearly or monthly intervals in case of term deposits fixed for a term of twelve months and above. Monthly interest will be paid at a discounted value.

Can Interest be paid at Calendar Quarter i.e. on 31st Mar, 30th Jun, 30th Sep & 31st Dec irrespective of the Date of Deposit Yes, this facility is now available (e-circular No 768 dated 17th Feb 2010) (Rationale: For easy & convenient computation of Interest Received by the depositor during the financial year for the purpose of filing I. Tax return)

TDS on Term Deposit Interest As per Section 194A of the Income Tax Act, Tax is

deducted at source whenever interest on time deposits credited or paid or likely to be credited or paid to the account of a customer, exceeds Rs 10000/- per person, per branch in a financial year

TDS is applicable on all time deposits . TDS Rate applicable on interest payable on Time

Deposit i) For Company: Domestic 20%/Others 40% ii) Other than company: Residents 10% / NRI 30% Education Cess @ 2% & Secondary & Higher Education cess @ 1% to be added additionally

Form 15H is submitted by Depositors with age of 60 years & above

Form 15G is submitted by Individuals below age of 60 years

Form 15G & 15 H are valid only if It contains PAN

If PAN is not submitted, applicable rate of TDS for Resident Individuals 20% Plus 3% Cess

SBI- NON-CALLABLE TERM DEPOSIT SCHEME

Rational:- To meet the requirements of customers who have surplus funds and are willing to invest funds to get higher return

Purpose To provide a scheme with an option to invest surplus funds for a long period at a higher rate of interest

Eligibility All depositors (Only domestic deposits)

Nature of Deposit

Term Deposit (TDR)/ Special Term Deposit (STDR) It would not be made available for MOD/ Auto-sweep

Period Period of deposit from 181 days to 3 years

Amount Minimum: Rs.1 Crore and above Maximum : No limit

Interest Payment

Payment of interest at Monthly/Quarterly/Half yearly/Annual basis as per customer requirement. In STDRs quarterly compounding done Calendar option not available. Payment of interest on monthly interval will be at discounted rate Interest to be paid at the contracted rate irrespective of change in the rate thereafter Senior Citizens/ Staff - Additional interest rate as per the prevailing extant guidelines

Rate of interest Additional interest rate (%) p.a. over and above the card rate applicable to Normal depositsof all tenors available between 181 days to 3 years. Currently as following: Tenor : Premium over Card interest rate applicable

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for relevant Tenor i) 181Days up to 210 days : 0.10 % per annum ii) 211 Days up to less than 1 year : 0.10 % per annum iii) 1 year to 455 days : 0.10 % per annum iv) 456 days to less than 2 years : 0.10 % per annum v) 2 years to less than 3 years : 0.10 % per annum

Differential interest rates

i) Available.The amount and tenor of Bulk deposit for DIR is decided by Global Markets on daily basis and will be available to branches through SME BU Corporate Centre. ii) Interest Rate : 0.10 % per annum additional interest rate will be over and above interest rate quoted by Global Markets Department

Premature Withdrawal

No premature withdrawal allowed On maturity payment will be made to depositor or survivor as per mandate. In case of deceased account, payment should be made to survivor and/or legal heirs as the case may be only on maturity. Premature payment is not allowed even in deceased case. Undertaking as mentioned in Step 3 of Standard Operating procedure (SOP) (Annexure 2) has to be obtained in all cases.

Loan facility Only Demand loan is allowed. Branches should ensure that Demand Loan limit should be set up in CBS on the date of drawal. Non-callable deposits

should not be used as security/ margin moneyfor (LC/BG) and any other credit facility or purpose.

Overdraft Overdraft strictly not allowed.

Documents Required

As per extant instructions for Term Deposits

Recurring Deposit Minimum monthly installment

Rs. 100/- at Metro/ Urban/ Semi Urban centre & Rs 50/- at Rural centres (Thereafter in multiples of Rs. 10/ -)

Minimum & Maximum tenure 12 months & 120 months respectively

If opened in the name of Minor (Sole name, above 10 years of age): Monthly installments should be so adjusted that the total amount payable on maturity does not exceed Rs.2,00,000/- U/s 269 of the Income Tax Act, time deposits with interest thereon amounting to Rs.20000/- and above has to be paid by way of credit to account/Bank Draft/crossed cheque only

unFixed Deposit Provides high returns and full liquidity. Ideal for short term liquidity of Individuals,

Companies, Institutions, Firms, Trusts, Associations, Societies etc.

Tenor : 7 to 180 days Amount : Rs.15 lacs and above

Can be withdrawn anytime after 7 days, no penalty to be levied Kisan Mitra Jama Yojana (KMJY)

Authorised Branches ADBs, ABDs and All Branches at Rural/ SU Centre

Minimum amount of deposit Rs 1500 and thereafter in multiples of Rs. 100

Minimum amount of Partial withdrawal Rs. 500/- in multiples of Rs. 100/-

Minimum & Maximum period of Deposit 12 months & 10 years

Whether Deposit Receipt is Issued No, a Passbook is issued

Whether Loan available Yes Savings Plus

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Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fund above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits opened in multiples of Rs.1000. Any surplus funds in the account exceeding the threshold limit (to be set by the customer), for a minimum amount of Rs.10,000/- and in multiple of Rs.1000/- in any one instance, are transferred as Term Deposit and earns interest as applicable to Term Deposit.

Flexibility to set any threshold limit of Rs.5,000/- or above.

Account holder has the flexibility to choose the period of deposit from 1 year to 5 years and to set any threshold limit.

Payments in excess of available balance in the Savings Bank Account can be made by breaking MODs Last In First out. Premium Savings Account (Discontinue w.e.f 1st August, 2016(e-cir.579/2016 – 17dtd 02.08.16)

SBI SURABHI(e-cir.622/16-17dtd09.08.16) Purpose (Rationale)

To Provide Value added Product to the top Corporates/Institutions/Trusts & other entities who need liquidity as well as better returns on their funds Nature of Deposit :

SB or CA linked to CLTD Minimum Balance for CA

Rs 10000/- Minimum Bal for SB

Rs 5000/- Period of CLTD

Minimum-12 Months; Maximum-36 Months

Threshold Limit for Auto Sweep Rs 100000/-

For CLTD – Initial deposit would be i.e. for the first sweep –Rs. 1,00,000/-and above,and subsequent deposits would be in multiples of Rs.10,000/- with a minimum of Rs 1,00,000/-

Periodicity for Sweep Weekly

Partial Withdrawal based on LIFO in multiples of Rs.10,000/

No loan ar OD is permissible against the deposit

SUKANYA SAMRIDDHI ACCOUNT (SSA) (e-Circular Sl no. 181/2015-16 dated 14.05.2015)

Eligibility: SSA may be opened by the natural / legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child who had attained the age of ten years, one year prior to the commencement of SSA Rules 2014 shall also be eligible for opening of account. i.e. any girl child born after 01.12.2003. Natural/ Legal guardian may open two accounts in the name of two girl children. Third account in case of twin girl as second birth or if first birth itself results in three girl children. Documents: Birth Certificate of a girl child and KYC of the guardian. Deposits: Initial deposit Rs.1000/- thereafter any amount in multiples Rs.100/-provided Minimum Deposit in a year is Rs.1000/- and Maximum is Rs.150,000/-. Duration: Minimum deposit mandatory till 14 years from the date of opening. Interest on Deposit: (i) Cumulative, compounded yearly till maturity. (ii) Non- cumulative, Monthly interest payment on complete thousands by credit to Savings Bank Account. The balances in fraction of thousands will continue to earn interest at prevailing rate. (iii) Interest rate to be decided by GoI, presently 9.2 %. Withdrawal: Withdrawal allowed only after the girl child attains 18 years of age. Amount of withdrawal upto 50% of the balance at the credit at the end of preceding financial year. Transfer of account: Account is transferable anywhere in India if the girl child in whose name the account stands shifts to a place other than city or locality where the account stands. Premature closure: (i) Death of account holder on production of Death Certificate (ii) By explicit orders of Central Govt, in case the operation of account causes hardship to account holder (iii) Marriage of Girl Child after 18 years of age. Maturity: The account shall mature on completion of 21 years from the date of opening the account. In case the account continues after maturity/ not claimed on maturity, interest at the prevailing rate will be payable till final closure. Senior Citizen Deposit Scheme

Minimum age of the depositor should be 60 years or above on the date of deposit

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Period of deposit Minimum 1 year maximum 10 years

Minimum amount of deposit is Rs. 10000.00 and thereafter in multiple of Rs 1000.00 (For RD, maturity value should be Min. Rs.10,000/-)

Differential rate of interest under Senior Citizen Deposit Scheme is 0.25% above the normal rates

Nomination: i) Signature of nominee duly attested by Senior Citizen to be obtained. ii) Option to write name of nominee on receipt apart from ‘nomination registration no’ (if Senior Citizen not agreed for above provision, consent letter to be kept on record) Capgain Plus

Purpose For parking of capital gains for a period of maximum 3 years and utilization thereof for capital investment

Authorised branches All branches except rural branches

Minimum amount of deposits Rs 1000.00 for a Savings Bank and Rs. 5,000.00 for a term deposit

Period of Deposit Not exceeding 2 to 3 years from the date of transfer of original asset as applicable under different sub sections of the act (i.e. U/s 54 B & F for 2 years, U/s 54, 54 D, 54 G for 3 years)

Amount withdrawn is to be utilised within 60 days

No Cheque Book No ATM Card No Loan facility Term deposit can neither be accepted as margin

money for NFBL nor as collateral for any FBL. Withdrawal from SB on specified forms (Form D

to be submitted in duplicate) Premature Payment of TDR – only after

production of a specific letter of Authority from the concerned Income Tax Officer (Form C)

Withdrawal of amount can be permitted only by way of DD in favour of the person to whom payment has to be made, if amount of such withdrawal exceeds Rs 25000/-

Account can be closed only with the approval of the IT Assessing Officer (Form G)

Application Form (Form A), Conversion of TDR into SB (Form B), Nomination (Form E),

Cancellation of Nomination (Form F), Settlement of Deceased (Form H) Gold Deposit Account

Eligibility i)Individual (Singly, E or S, F or S) ii)Joint Hindu Family iii)Trust iv)Company

Nomination facility will be available if the deposit is In single name in individual capacity, however, Nomination facility will lapse if the certificate is transferred to another person

“Nodal Branch” for the scheme Overseas Branch, Mumbai

Minimum quantity of gold that can be deposited 500 gms (gross)

Period and rate of interest of Deposit (3 years-1%),( 4 years-1.25%) & (5 years-1.50%)

Gold will be accepted in the scrap form. Gold deposit certificate will be issued.

Alternatively statement of account/passbook may also be issued at the choice of the depositor.

Depositors opting for certificate would be issued a single certificate or certificate in the denomination of 100 gms and 1000 gms alongwith one certificate for the balance quantity.

Single certificate will also be available for the full quantity. These certificates are transferable by endorsement and delivery.

Gold deposit certificate has been classified as specified security. Loan facility (OD/DL) may be availed for any general purpose.

YUVA SB Account

Special Savings Bank product to entice the youths and bring them to our fold.

Residents, above 18 years age and up to 30 years of age, at the time of entry.

Mode of Holding: Singly/Jointly/ Jointly with survivorship benefits. The first account holder has to be eligible as per the above eligibility criteria.

Yuva Card (Visa), which have many

concessionary/complimentary facilities, will be issued free of cost.

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One draft/ Bankers Cheque will be issued free, per calendar month, favouring Educational Institutions or for applying jobs.

Free collection of one cheque, with a ceiling of

Rs.20,000/- per month.

SBI Flexi Deposit Purpose

To cater to the needs of the people who have surplus income and desire to earn attractive interest with flexibility of increasing the amount

Scheme similar to PPF Deposit Scheme

Minimum Deposit at any one instance Rs 500/-

Minimum Deposit per financial year Rs 5000/- plus in multiples of Rs 500/-

Max Deposit per Financial Year Rs 50000/-

Type of Account Recurring Deposit (Variable deposit) account

Penalty for default in payment of Minimum Deposit per Financial Year Rs 50/-

Period of Deposit Min 5 yrs & Max 7 yrs

Interest will be compounded at quarterly intervals, based on the balance outstanding on the last date of each month.

Deposit on maturity can be withdrawn on the last date of the month in which it matures SBI Annuity Deposit

Under this scheme a lump sum amount deposited by a customer is repaid over a period of equated monthly installments, comprising part of principal amount and as well as interest on the reduced principal amount, compounded at quarterly rests and discounted monthly

Minimum Deposit Amount Rs 25000/-

Minimum Monthly Annuity Rs 1000/-

Period of Deposit 36 / 60 / 84 / or 120 months

Loan upto 75% of the balance amount of annuity permitted

Whether premature payment permitted Only in case of death of depositor SBI Tax Saving Scheme 2006

Who can open

Individuals in single name or joint name or Karta of an HUF

Cater the need of Income Tax assesses PAN is mandatory Tax Benefit under Sec 80C of IT Act 1961 Minimum Deposit

Rs 1000/- Maximum Deposit

Rs 150000/- in a year (e-Cir Sl No.1022/2014-15 dated 12.12.2014)

Period of Deposit Minimum 5 Years and Maximum 10 Years

Whether Premature payment allowed After completion of 5 yrs (There is a lock in period of 5 years)

Whether loan available No loan facility. It can also be not held as collateral for securing any loan

In case of Joint A/c, who will get tax benefit First Account holder (u/s 80c of IT Act,1961)

IT on interest : Income is liable for tax deduction u/s 194A & 195 of the act) TERM DEPOSITS FOR 18 YEARS FOR THE BENEFIT

OF GIRL CHILD Purpose

To target beneficiaries of Government Departments who plan to deposit a corpus at the time of birth of a “girl child.”

Who can open? a) Joint accounts with legal guardian of girl child operating the account. b) Provision for to be made to accept the mandate of Govt. Department funding the amount

Minimum Balance Rs 1000/- (Deposits can be made by cheques issued by Government authorities/ funds transferred from Govt. account)

Maximum Balance No Cap on Maturity Amount

Premature Withdrawal Allowed under the following circumstances: a)Death of the minor, b)Mandate received from Government

Loan Facility Not available

Auto Renewal of Account Not Applicable at the time of Maturity

Maturity Date Not to exceed 18 years from the date of birth of the Girl Child

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SME SAHAJ Purpose (Rationale)

To make banking facility accessible to vast section of low profile trading community and Non-individual customers

QAB Rs 1000/-

Penalty for Non Maintenance of QAB Rs 300/- per quarter

Whether Cash Withdrawal Permitted at Cash Counter No

Whether ATM Card Facility Provided Yes

Card Name & Cash Withdrawal Limit Sahaj, Rs 15000/-

Whether INB Facility Provided Yes

Any Restrictions on Cash Deposit Yes, Max Deposit Rs 10000/- per day

Whether Cheque Facility Available Yes

Charge for Cheque Book Rs 5/ - per cheque upto 25 leaves per year Additional cheques @ Rs 10/- per leaf

Drawing Per Cheque to be limited to Rs 15000/-

Charge for SI for Payment to Other Account Rs 50/- per Transaction

Immediate credit of Outstation Cheques upto Rs 15000/- SBI SHAKTI

Current Account product with QAB Rs.20,000/-. Penalty for non maintenance of QAB Rs.750 per

qtr Cash deposit/withdrawal at home branch –

unlimited Cash deposit/withdrawal at non home branch –

Max Rs.20,000/- on charge of Rs.100 per transaction.

Penalty on closure of A/c within 12 months – Rs.750/-

Deposit of cheque & clearing instrument at home/non home branch, issuance of BDs/B Chq/ Pay orders, remittances at concessional rates. CINB-free.

MCC,NEFT & RTGS available at normal charges. POWER JYOTI

Purpose (Rationale) To provide customized fee/funds collection facility for Institutions/firms/companies, etc through our core banking branches

Eligibility : Any Institution/ Firm/Company, etc, desirous of countrywide collection of fee/funds from multi location outlets

Type of A/c : CA QAB

Rs 50000/- Penalty for non maintenance

Rs 2500/- per quarter Penalty for Closing A/c within 12 months

Rs 1000/- Whether Cheque Facility available No

No overdraft facility is permissible. Transactions other than fee collection is not

permitted in non-home branches In a single Challan, Upto _____ types of fee can be collected :10

Challan is in ____ Parts Three POWER JYOTI PLUS for Brokers

Tailored product with customized MIS to suit the broking house needs.

Power Jyoti Plus A/cs to be opened at our Capital Market Branch, Mumbai.

Branches and franchisees of the brooking firms from other will bring only local cheques for credit to these accounts with special challan forms for assured MIS facility.

No cash deposit is allowed. SME POWER Out of eight variants of the product SME-POWER, five variants of the product- Power Premium/Privilege/Advantage/Super/Lite have been discontinued vide e- Circular Sl no. 210/2014-15 dated 30/05/2014. However, the existing accounts opened under these five variants would continue. They would also be allowed to convert their accounts to Power Pack and Power Gain variants. The revised instructions would be applicable from 15/07/2014.

fig in Rs.

Features

POWER PACK

POWER GAIN

POWER BASE

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QAB

500000 100000 20000

Penalty for non maintenance of QAB

10000 Per Qtr

6000 Per Qtr

3000 Per Qtr

Penalty for closing the account within 12 months

5000 1000 750

(Pl refer e-Circular Sl. No. : 379/2014 - 15 12 July, 2014 for details) Salary Packages

Corporate Salary Package (CSP) - For Permanent employees of a Corporate or Institution fulfilling two criteria* (See box below)

Defence Salary Package Army (DSP-Army)- For Personnel of Army & Rashtriya Rifles

Defence Salary Package Navy (DSP-Navy)- For Personnel of Navy

Defence Salary Package Air Force (DSP-Airforce)- For Personnel of Airforce

Defence Salary Package Assam Rifles (DSP-AR)- For Personnel of Assam Rifles

Defence Salary Package GREF (DSP-GREF)- For Personnel of General Reserve Engineer Force

Para Military Salary Package (PMSP)- For Personnel of Central Reserve Police Force (CRPF); Commando Battalion for Resolute Action (COBRA), under Command & Control of CRPF; Sashastra Seema Bal (SSB); Border Security Force (BSF); National Security Guards (NSG); Indo Tibetan Border Police (ITBP) & Central Industrial Security Force (CISF)

Railway Salary Package (RSP)- For Personnel of Indian Railways

Police Salary Package (PSP)- For permanent employees of Central Police Organisations and Police Forces of States and Union Territories

Indian Coast Guard Salary Package- A new salary package scheme is launched

State Govt Salary Package (SGSP)- Concession will be available to those employees who maintain their salary account with SBI only

Central Govt Salary Package (CGSP)- Permanent employees of all ministries and department of Central Govt including defence civilians are covered by the scheme already. Now employees of RBI and NABARD are also included.

Variants of Salary A/cs in all theses Salary Packages Four (Silver, Gold, Diamond & Platinum)

Any Exception to the above Platinum Variant not available in DSP-AR (Since officers qualifying for Platinum Variant are on deputation from Army & they are already covered under DSP-Army)

Common Features applicable to Silver Variant in All the Salary Packages Free Domestic ATM Card One additional ATM card to Single Accountholders at their risk & responsibility (DSP/PMSP) Personal Accident Insurance Cover of Rs 1 Lakh (RSP only) Personal Accident Insurance Cover of Rs 3.00 lacs (enhanced from Rs.2.50 lacs) PSP/DSP/PMSP

Common Features applicable to Gold & Diamond Variant in All the Salary Packages Free Gold International Visa or Master Debit Cards. Personal Accident Insurance cover of Rs 5 lacs (enhanced from Rs.4 lacs)

Common Features applicable to Platinum Variant in All the Salary Packages Free Platinum International Debit Cards Personal Accident Insurance cover of Rs. 5 lacs SBI Vishesh status 25% Concession in locker charge Application for availing overdraft to be obtained at the time of opening new accounts /conversion of existing accounts and limit set up ab-initio.