Professional Documents
Culture Documents
(Asset, Liability & Card Products of SBI and Insurance Products of SBI Life : At A Glance
- With EMI Chart, Latest Interest Rates & Delegation of Financial Powers - Up-dated Edition as on 12th April 2010 )
Name of Products
HOUSING LOAN PRODUCTS
1. Housing loan
2. Credit Khazana
3. SBI- Shoppe Plus
4. HL for Earnest Money
5. HL for NRI
6. Gram Niwas
7. Sahyog Niwas
8. Spl Rural Housing Sch
9. Credit-cum-Subsidy Scheme for Rural Housing
10. Tribal Plus
11. SBI-FLEXI Housing Loan
12. SBI-REALTY
13. SBI MAXGAIN
14. SBI FREEDOM
15. SBI OPTIMA
16. SBI Happy-Home Loan 17. SBI Lifestyle Loan
18. SBI Special Home Loan 19.SBI Hi-Five Home Loan
20. SBI Ezee Home L 21. SBI Advantage Home Loan
22. Interest Subsidy Sch Housing Poor (ISHUP)
AUTO LOAN PRODUCTS
23. Car (Auto) Loan 24. Car Loan - Overdraft
25. NRI Car Loan
26. Scoom -Two Wheeler Loan
27. SBI Advantage Car Loan 28. SBI Ezee Car Loan
PERSONAL LOAN PRODUCTS
29. Per Loan on mortgage of Immovable property
30. SBI Loans to Pensioners 31. Jai Jawan Pension
32. SBI Personal Loan to Affluent Pensioners
33. Personal Loan
34. SBI SARAL
35. Personal Loan Xpress Credit 36. Festival Loan
37. SBI EASY TRAVEL LOAN 38. APTECH courses
39. SBI Education Plus
40 SBI HOME-LINE Special Personal Loan
41. SBI-Home Cash
42 Mahila Shakti Scheme
43. SBI Career Loan 44. SBI Reverse Mortgage Loan
EDUCATIONAL LOAN PRODUCTS (35-39)
45. Education Loan Scheme / SBI STUDENT LOAN
46. SBI SCHOLAR EDUCATION LOAN
47. Nursing Plus (merged into Student/Education Loan)
48. Student Loan Scheme (GSS)
49. RBI Education Loan Scheme
50. Gold Loan
51. Adv ag Shares & Debentures
52. Equity Plus
53. Loans for Subscription to IPOs
54. Advance against Magnums
55. Units of UTI
56. Advance ag TD 57. Loan ag NRE/ FCNB Deposits
58. Loan- NSC/ KVP/ IVP 59. LIC 60. Pravasi Plus
61. Advances against RBI Relief Bonds
62. Advances against open ended Sch of Mutual Fund
Page
2
2
2
2
2
3
3
3
29
26,28
28
26
3-4
4
27,28
4
4
28
4-5
5
5
5
5
6
6
6
6
7
7
7
7
7
7
7-8
8
8
8
16
16
16
17
17
17
17
17
17
17
18
18
18
18
18
18
18-19
19
19
19
19
19
19-20
20
20
29
25
29,30
30
30
21
21
21
21
21
21
22
22
22,28
22-23
28,23
24
24
24
24
24
24
24
24
24
31
31
26,31
31
32
32
32,27
32
33
33
33
33
33
34
34
34
34
34
34
34
34
35
35
35
35
35
20
36
37
25-30
38-39
2
63.
65.
67.
68.
Medi-Plus Scheme
64. Rent Plus
Plus Schemes
66. SBI VISHESH
Bhagya Rekha Loan
Rupee Loan against Gold Deposits
Eligibility
8
45.. Standby Line of Credit (SLC-WC) C&I and SSI
16
21. SBI TINY
22. SBI - SURABHI
23
9
46. Standby Line of Credit (SLC-TL) C&I and SSI
16
23. SBI Tax Savings Scheme 2006. 24. Yuva SB A/c
23,25
9
47. Standby Loan to Corporate for New Vehicles
16
25. SBI Flexi Deposit 26. Annuity Deposit Sch
26
27
27. SBI Tiny SB-OD A/c 28. SBI Tiny R D A/c
27
For any suggestion/advice/please send email: ghanshyam.srivastava@sbi.co.in or call/send SMS on 09431020156
Security
Individuals 18 (e-Cir 549 dt 02.03.06) to For purchase of land/ repairs, etc., max Margin (e-Cir 573/ 23.12.08) - Upto 35 yrs of age: Max of 25 years (e-Cir 422Take-over Norms (e-Cir 640/ 22.1.09) For loans above Rs 5 crores, prior administraloan is Rs.10 lacs. Age criteria since
Loan upto Rs 75 lacs: 20%
13.10.07), >35 to 45 yrs of age: Max. of 20 years
1. Borrower should satisfy the eligibility tive Clearance is required. (NBJ/PBU/HL/3/
(Loans upto Rs. 20 lacs exc Staff HL, 70 yrs of age with steady income,
Loan above Rs 75 lacs: 25%. Over 45 years of age: Max. of 15 years. (In case of
criteria for availing HL.
2007-08 dated 20.04.07) Fixed int. rates
Repairing Rs 1 lac in R/SU and Rs 2 including Agriculturists. 2 loans can be withdrawn. Amount of loan now
given to an individual if he has the
decided on EMI/ NMI RATIO
Home Loan to Businessmen joint borrowing, for 25 yrs loan, NMI of Borrower of 35 2. Home/ Flat under construction also offered only upto 1 cr. Under Tailor Made
lacs in Urban areas come under
capacity to repay.(e-Cir 83 dt 26.05.06) Upto Rs 2 lacs 40%,
-At all RACPC Centres.
yrs should constitute atleast 75% of the joint NMI)
allowed if no undue delay in completion Housing loan, customer can fix up his
Priority Sector Advance)
Max eligible expected rent accrual as Rs 2- 5 lacs 50%
- Making profit in last 3 years. Interest Rate - (Force maejure clause Bank may
3. Regular servicing of installment &/or repayment schedule to suit his repayment
Bulk Business: more than 25
part of income subject to NMI of Co- Rs Above Rs 5 lacs 55%
-Income: Latest IT Return
alter int rate suitably or prospectively in event of any interest of existing loan, if due.
capacity.. Existing borrower can switch over to
applicants with check off.
borrower -Good Borrower can avail For Teacher Plus : Loans for 45 yrs Depreciation or 5% of sales.
int volatility - applied) Addl benefits Free ATM
4. Borrower possesses valid Title Doc. floating interest rate on payment of 1% fee on
Pre-EMI Interest to be addressed
credit facility u/ CREDIT KHAZANA. & below 72 NMIs & for above 45 - Min Loan: Rs 25 lacs.
card, Credit Card & Free Personal Accident
Permissible quantum of Finance for the outstanding. 2% penalty on the amt
suitably so that actual outstanding will
Take over: Outstanding with other
prepaid in excess of normal EMI to be levied
always remain within limit, for this Addl For Furnishing, 10% of Project cost yrs 60 NMIs. Reimburse investment Margin: 30%, ROI: Card Rate Insurance cover New India Ins Co. pay
max Rs 3 lacs (where TPG or Check from own sources for cons/ pur/ repair - TL, Maxgain (OD) not allowed Outstanding + Int till date of death of borrowers (Pro- Bank + prepayment penalty or present on pre-closure of HL before expiry of half of
HL may be granted obtaining suitable
rata in jt a/cs) To be insured in joint names of Bank Market value () prescribed margin,
original tenure. (Cirdo/273 dt 17.01.05) (CC&
security doc (e-Cir 567 dated 10.03.06). off available) - Old House < 15 years. during last 12 m at 25% margin & (Ref e-Cir 71 dt 07.07.08)
Add back depreciation to compute NAI, lower value of investment or market SBI Green HL (e-Cir 726/7.3.9) & borrower for full market value.
whichever is lower (This relaxation is FO/13 dt22.4.5), e-Cir 249 dated 11.08.06,422
Under Platinum Age Limit (PAL) Sch
Rebate - 5% in Margin & 0.25% -SBI Life provide insurance under Super Suraksha valid on or before 30.04.2009 e-Cir dt 13.10.07, 89 dt 14.05.08.Review of various
Max Age 75 yrs for repayment. (e-Cir if loan for assets avg dep of last 3 price (e-Cir 591 dt 03.02.07)
FYs, same DSCR (e-Cir 591/ 3.2.07)
in Interest, Proc fee: NIL.
concessions in HL Refer e-Cir 506/ 19.11.8.
89 dt 14.05.08)
(SBI Life pays administration fee 20% of prem) 727/ 07.03.2009)
Processing fee in Home Loan A/cs 0.5% of loan amt incl service tax collect upfront before evaluation, Upto Rs 5 lacs Rs 1000, Rs 5 lacs 10 lacs: Rs 2000, Rs 10 lacs to 20 lacs: 5000, Rs 20 lacs 50 lacs: 7000, Rs 50 lacs- 1 Cr: Rs 8000, Rs 1 Cr to % Cr: 10000, Above Rs 5 Cr Rs 20000 (eCir 563/ 9.11.9). Also applicable to home loans under hybrid schemes SBI-Flexi/- Realty/-Maxgain/-Freedom/-Optima (Ref e-Cir 93/dt 6.6.6). Risk weithage: Upto Rs 30 lacs 50%, 30 lacs & above 75%.
Marketing Tips: 1. Lower Int & Processing Charges 2. Int calculated on daily reducing bal. 3. FREE Application form, SBI Classic/ Intl Credit Card and Internet Banking. 4. Flexible Repayment Options. 5. Gr Life insurance at concession. 6. Free Per Accident Insurance Policy 7. Reward for timely
repayment of loans 8. Avail Cr Khazana, Flexi & Realty, Optima, Maxgain & SBI Vishesh facility. 9. Takeover without any interim security. 10. Incentives under IT Act. 11. Preferences under Teacher Plus. 12. Tailor made HL with customized repayment.
Staff Housing Loan: Loan: Max 90% of Project or Rs. 8 lacs (Sub-staff), Rs. 12 lacs (Clerk), Rs. 20 lacs (Officers). Interest: 6% Simple. Margin: 10%. Repayment: 240 EMIs (P: 168 Int 72), moratorium 24 months from 1st instalment or 6 months after completion, whichever is earlier. (e-Cir 638 dt05.02.08).
Individuals incl joint owners who have Under the package one or more loans Scoom 5% (if check off),
Repayment as per individual schemes
Security As applicable, EM of HL will All other terms & cond as per Ind. Schemes
2 SBI CREDIT KHAJANA
-It takes care of entire loan needs of finan -Availed Housing loan with E.M.
as eligible under individual schemes Tractor & Car 10 %,
extended for addl loans
Benefits to Bank/ Branches cially disciplined customer as a package -Satisfactorily serviced TL for 1 year
Car Loan, Scoom, Education Loan (for Education & Personal as per ROI Concession of 0.25% for all loans other than
Insurance of asset, Life from SBI Life, -An excellent opportunity for cross selling
-Hassle free additional loan on
after moratorium
one dependant), Personal Loan,
individual sch
housing loan under this package
Free accident cover as per individual -help in retention of existing customes
concessional rate of interest and margin. -With margin 15%(house) / 30% (Land) Tractor Loan, Any other Plus scheme.
scheme.
-reduce transaction cost of acquiring new Cus
3 SBI SHOPPE PLUS (P Segment) First TL for construction of residential house. Second TL for purchase of Furniture, Computers, Books, Equipment for Doctor(s) etc (Under SBI Shoppe). Document separate for both purposes.
All instructions regarding eligibility, amt of loan, ROI, margin, documentation etc as applicable to Public Housing Loan Scheme. Security : Extension of charge on building.
Over 18 yrs with steady source of
Loan amount atleast of 90% of
10%
Disbursement directly to Govt Housing Agency
3rd PG (waived if 110% tangibles)
Security waived for permanent employee of
4 Loan for EARNEST MONEY for
allotment of a house/ plot (sold by govt income (no min. income criterion)
application amount or 12 times of NMI ROI as applicable in HL
Repayment Direct refund to the loan a/c in rejection. Otherwise, Tangible collateral at least reputed PSU/ govt with check off
Housing agencies)
or Rs. 10 lacs..
Adjustment against regular HL for successful ones.
50% of loan.
NRIs over 18 yrs of age with valid
Minimum: Rs.3 lacs, Maximum: As in Regular Home Loan. If loan is Repayment < 35 yrs 25 yrs, 35-45 yrs: 20 yrs, >45 As in Housing Loan
Processing Fee: 0.5 % of the loan amount.
5 HOUSING LOAN FOR NRI
(Max eligible expected rent accrual in joint Indian passport or PIOs with a foreign for purchase of land or for repairs, etc., max. Loan is Rs.20 lacs.
yrs: 15 yrs (Subject to liquidation of loan by 60 yrs or Comprehensive insurance for the full Interest as to Housing Finance to residents.
applicant 36 expected monthly rental if > passport,& employed abroad for at
Max. Amt for consumer durables: 10% of Project cost or Rs 3 lacs. retirement). Moratorium 18 m/ 2 m after completion
value in joint names of Bank and
-2% penalty on the amt prepaid in excess of
45 yrs, 48EMR if <45 yrs of age e-cir
least 2 yrs and holding a valid job
Margin - Same as in Housing Loan except purchase of land 15%.
which is early.Repayment by abroad fund/ NRE a/cs Borrower.
normal EMI to be levied on pre-closure of HL
94/ 6.6.6 & 241 / dt 17.07.09.
contract/ work permit*
in India/ or by a/c of relatives. PDC obtained.
Take Over from other banks allowed. before expiry of half of original tenure
* Module DGM may allow deviation, if a. NRIs, with total work experience of 2 yrs in India or Abroad, who have taken up jobs abroad for better prospects or b. NRI with min job contracts of 2 yrs abroad & completing 6 months of employment (e-Cir 422 dt 13.10.08) ** For Gurantor NMI $ 2000/ Rs 24000.
-All Rural/ SU Areas population <50000 5 times of Avg Annual Income from all 10 % of the Project cost < Rs Facility: TL/ OD with ATM-cum-Debit Card
Primary EM/ RM or 100% tangibles -Processing fee waived, Empanelled Lawyers
6 GRAM NIWAS
sources incl spouse income. Max 5
50000, 15% for >50000 5 lacs, Repayment- Max 15 years (Moratorium max 18 m of incl. agl land.( < 0.50 lac 3rd P G instead fee max Rs 500 from Borrower
EMI/ NMI Ratio 25% for Avg of last 2 yrs -All Individuals with satisfactory
lacs for cons/pur.,2 lacs (repair), 1 lacs 20% for > Rs 5 lacs.
first Instatment or 2 months of completion of house). of Mortgage)
-Permit for construction by local auth to be
Income Upto Rs 40000, 45% for >40000- Deposit/ Advance a/c with us.
(land)- e-Cir 484 dt 7.11.7. NABARD Assesment of loan < 0.50 lac- ROI- 0.25% below card rate. Gr Insurance from SBI Collateral-SARFAESI Act prevent, but submitted with approved plan
2 lacs, 55% for >2 lacs- 5 lacs, 60% for > -Age 18 to 50 yrs (>50, when
guarantee by all legal heirs)
Model Sch Toilet-cum-Bath room in simple estimate, > 0.5 lac as
Life, Per Accident Insurance cover at Banks cost. take where available.
-Classified under Priority Sect Advance.
Rs 5 lacs. (e-Cir 484 dt 7.11.07)
Rs 8600 (e-Cir 223/ 02.08.06)
per specifications
- e-Cir 484 dated 07.11.07
10 times of saving corpus subject to
-do-do-Processing fee waived; legal fee max Rs.
7 SAHYOG NIWAS (P S Advance) -do-
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
3
To finance Self Help Groups/ members
for housing in rural & Semi Urban areas
8 SPECIAL RURAL HOUSING SCHEME
(covers rural areas & towns where
population does not exceed 50000)
9 CREDIT CUM SUBSIDY SCHEME OF
GOI FOR RURAL HOUSING [New home
Margin
Security
-All HL borrowers who avail loans of Rs. 5 lacs and above 3 options
Eligibility, Margin, Interest,
Disbursement- Irrevocable letter of undertaking to be Documentation 1. Arrangement Letter -2% penalty on the amt prepaid in excess of
-In wake of intense market competition &
Repayment tenure, Procesng obtained from the borrower regarding the options.
2. Memorandum of Housing T loan.
normal EMI to be levied on pre-closure of HL
% of Loan on Floating Interest % of Loan on Fixed Interest Rate
with view to meeting emerging market
Fee as per instructions on HL Repayment Undertaking may be obtained which will 3. Guarantee Agreement
before expiry of half of original tenure
I
50
50
demand -To build in value added & Cust-2 HL a/cs to be opened
clearly show EMI of both the loan a/cs.
- Processing Fee 0.5 % of the loan amt max
II
60
40
omer friendly features to our H loans
one on Floating & other on
Rs 10000 (e-Cir 93 dt 6.6.6).
III
75
25
-To increase our H L product profile.
Fixed Int.
Ref CirCo/Adv/197 of 2004-05/ dt 22.11.04.
Margin - 15% of cost of land , Repayment Max. 180 months starting from the
EM of plot, Personal & Interim Guaran- Processing Fee 0.5 % of the loan amt max Rs
12 SBI REALTY To tap effectively Eligibility- Individuals over 18 years of age with steady source of income,
Development , Registration,
month following the month of disbursement of loan. tee good for loan amt.
10000 (e-Cir 93 dt 6.6.6). Other charges like
the market potential for HLs for purchase including persons engaged in agl & allied activities. TYPE OF LOAN T L
of land for housing construction - more Max Loan Rs 1 Crore. Permissible EMI/NMI Ratio: 30% upto Rs 2 lacs of NAI, Stamp duty.(2% penalty on the ROI As applicable, concession of 25 bp on tie-up Disbursement By A/c Payee cheque valuation, search report actual basis.
with Urban Dev Auth/ Coop society with busi > 5 Crs. directly to Urban Dev / Coop Society. - Construction of House < 2 yrs (e-Cir
appealing & customer friendly approach. 40% for > 2 lacs 5 lacs, 45% for > 5 lacs 10 lacs and 60% for > Rs 10 lacs amt prepaid, as In H L)
(e-Cir 481 dt 07.11.07). Adm Clearance for > Rs 50 lacs by Reg AGM (e-Cir 26)
414/11.11.06). e-Cir 481/7.11.7, 26/ 17.4.8
13 SBI MAXGAIN H L as overdraft Rationales - 1. To provide an exclusive, innovative & value added HL product to tap significant potential market. 2. To improve Banks HL product profile. Date of launch 01.04.05. Loan: Max Rs 30 lacs (e-Cir 503 dt 19.11.08) Type: Overdraft.
Eligibility, Purpose, Margin, Security, Interest Rate, Pre-payment penalty, Processing Fee, Pre & Post sanction process, Repayment As per Housing Loan Scheme. Separate Documentation Ann A, B & C.
Spl Features: For new HL of
Focus on HNI, Mass Affluent Segment,
Highly paid Professionals & Executives. Rs. 5 lacs & above, Borrower to maintain SB or CA with min Rs. 5000 (No min balance if salary a/c with us e-Cir 485 dt 7.11.7), HL will be linked with SB/CA with Auto DP Reduction as per repayment schedule, may go for Hybrid combination with SBIRealty & SBI-Flexi HLs
14 SBI-FREEDOM Home Loans Background: In wake of enhanced IT incentives for HL (U/S 80C upto Rs 1 lac of principal repayment as against the earlier cap of Rs 20000 only), many prospective HNI & Mass Affluent borrowers are keen to avail HL to the max extent to draw optimal IT
Benefit. Special Features: 1. Waiver of mortgage of the property financed and in lieu thereof obtains pledge of liquid securities TDs, NSCs, KVPs, LIC Policies. Loan amount to the extent of 90% of the security incl accrued interest, subject to max 100% of
Rationales: To extend value added
Project cost. Further, liquid securities may be accepted in lieu of cash margin. 2. Repayment: Normal repayment as in regular HL, subject to renewal of the securities pledged on maturity till liquidation of loan or Repayment of the loan out of the proceeds of
option to meet the latent needs of the
niche customer group comprising HNIs, the securities offered, as and when they mature. Borrowers to arrange to pay monthly interest. 3. Agreement to mortgage to be obtained to further strengthens the securities. Marketing Tips: a. To offer 100% financing of the project cost, b. To effectively
Affluent, NRIs, Highly paid executives, meet the latent needs and tap the business potential emanating from high societies with bright prospects to tap their deposits and opportunity to cross sell other products, c. As entire loan/margin secured by liquid securities, bank may fully hedge the risks
against the possible dip in real estate prices, d. Acceptance of our TDs incl FCNB Deposits, enable us to retain deposits, to boost Home Loans portfolio and to reinforce the loyalty. All other instructions governing regular Home Loans/ SBI Gram Niwas/ SBI
leading professionals etc.
Realty/ SBI Flexi/ SBI Maxgain as the case may be to be applicable. (Ref e-Circular 458/ 2005-06 dated 21 Jan 2006) Processing Fee 0.5 % of the loan amt max Rs 10000 (e-Cir 93 dt 6.6.6).
15 SBI-OPTIMA Additional Home Loan Rationales: a. To maintain long term relationship with Home Loan borrowers, b. ensure continued customer loyalty, c. make of HL sch more customer-friendly by extending value added facilities, d. improve our competitive edge in the market, e. to take over of
Purpose: To meet expenses towards
Home Loans by optimally tapping the significant potential. Eligibility: 3 yrs satisfactory HL (SA) Borrower. Loan Amount: a. 18 NMI for salaried or 1.5 NAI for Professional/ Self-Employed/ Businessmen/ Agriculturists, with provision to club spouse income or
major repair, renovation & addition to
b. 25% of original Project cost of house/flat or c. 85% of cost of repair, renovation and addition or d. gap between 85% of the current market price of the flat/house and actual loan dues whichever is lowest. The aggregate EMI of HL, other P Loan and SBI
their house/flat as also for purchase of Optima should not exceed 60%. Type of Loan: TL. Disbursement: In stages in addl construction, in lumpsum in other cases. Repayment: Max upto residual period of HL by check off/ PDC from 2 months after final disbursement or completion of work
furniture, fixture, consumer durable etc whichever is earlier.Proc Fee:0.5 % of the loan amt max Rs 10000 (e-Cir 93 dt 6.6.6). Security: Extension of charges & TPG. Inspection: Every 3 yrs, immediate if irregular, quarterly when NPA. Other features: As in HL. (Ref e-Cir 03/2006-07 dt 10.04.06)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
4
16 SBI CAR LOAN SCHEME for New
Eligibility: 1. Age 21 65 years (for sanction of loan), may be extended > 65 yrs if sufficient regular income, repayment within 70 yrs of age , Permanent Employee, Professionals & Self Employeds (IT Return required), Agriculturists (No IT Return),
Vehicle
Multinational Executives 2. Salaried: NAI Rs 100000 & Above, NMI at least 2 times of EMI. If NMI is > Rs 10 lacs, Sanctioning Authority (rank of AGM) may relax EMI/ NMI upto 70%. Loan Amount: No ceiling in loan amount max 30 NMI or 2.5 NAI, EMI/NMI
Purpose: TLs for purchase of new
% should not exceed 50% (60% in case of tie-ups with reputed institutes). Wherever, the income of the spouse, father, mother, brother, sister (any one, max no. of borrowers 2) is included, person will join as co-borrower instead of Guarantor (e-Cir 477 dt
passenger cars, Multi Utility Vehicle
5.11.7). The max cost of accessories < 5% of cost or Rs 25000 whichever is less. Margin: Uniform margin 15% on road price (may be reduced to 10% where check off from reputed employer). Margin 10% (e-Cir 407/ 09.10.07). Repayment: Within 7 years
(MUVs) and SUVs.
(Salaried), 5 yrs (Self-emp or Professionals) in suitable monthly/ quaterly equated installments or through ECS where available. Repayment Date 10th (Loan disbursed on or before 15 th) or 20th (after 15th) of the following month. Repayment of loan through a/c
of person in whose name vehicle is registered or through a/c with us in joint names of borrowers. Transfer of A/c: Standard Asset can be transferred from one branch to other on request of the borrower. Place of Loan: Loan can be availed at place of
To accelerate the demand of cars and permanent residence or work. Verification of asset by the office at the center at Rs 350 as an inspection fee. Seizure of vehicle: Whenever cheque is dishonoured or an installment due remains unpaid for the first time, it should be immediately brought to the
improve weak consumer sentiments, notice of the Borrower. Interest: Periodicity and Amount of loan-wise. See Page: Latest Interest Rates. Concession in Int: 0.25% in case of Plus scheme and also to loan under Check-off. DGM may reduce upto 0.5% to Sr Executives & on Festival
interest rates freezed at 10.00% (Fixed) occasions. (All concessions can not be clubbed together) (e-Cir 541 dt 10.01.07). Penal Interest: @ 2% on the entire loan outstanding for the period of default. Processing Fee recovered upfront when loan sanctioned (Card rate - 0.5% of the loan
for all car loans sanctioned from 23.2.9 amount, min Rs 500 max Rs 10000, when loan rejected (25% of the fee, if rejected after pre-sanction survey subject to min Rs 500 max Rs 2500). Security: 1. Hypo of vehicle and noting of hypo charge in the books of RTO 2. Guarantee of spouse, if income
to 31.05.09. Interest will reset on 01.6.9. taken into account for computing loan amount. Documents: Application form, Irrevocable letter from Borrower, Letter from DDO, Letter forwarding DD/ B Cheque to supplier/ Dealer, Hypothecation Agreement, Guarantee Agreement (where applicable),
Processing fee waived upto 31.05.09
Arrangment Letter, Irrevocable letter of Authority where DDO is himself the applicant. Insurance: Comprehensive, 110% of value, Banks interest as a hypothecatee should be noted in the certificate & insurance policy. Pre-payment Penalty: 2% of the
(e-Cir 700 dt 31.01.09)
amount of loan pre-paid if loan is taken over or repaid before expiry of of the agreed repayment period or partial repayment made in first yr. Inspection: No periodical Inspection in case of Standard Asset. Inspection must when there is default of 2
Cocession on Interest & Processing
installments. Twice a yr for NPA a/cs. Papers with loan application: Statement of Bank A/c of last 6 months, 2 photographs of Borrower/ Guarantor, Signature identification from Banker of Borrower/Guarantor, A copy of Passport/ Voter ID/ PAN Card, Proof of
th
Fee extended to 30 Sept 2009 (e-Cir
residence, Latest Salary slip showing all deductions & TDS Certificate-Form 16 (if Salaried), Copy of IT Return of last 2 FYs ( Salaried)/ 3 FYs (if Professionals, self employed & others), Proof of official address for non-salaried individuals. Processing Time:
36 dated 16.04.2009)
Max time schedule for receipt of application and sanction/ disbursal of the loan is 2 days. Payment of Service fee incl of Service Tax to dealers/ Sales Executive (at RACPC only) (except vehicles financed to staff) Rs 750/ loan upto Rs 3 lacs, Rs 1000/ loan
> Rs 3 lacs . Payment at Branches 1% to 1.5% on amt and no. of vehicles (e-Cir 477 dt 5.11.07) (Ref Master e-Cir 457 dated 01.12.2006, revised vide Corporate center PB/AL/ 1/ 28 and PB/ AL/ 04 dated 07.06.07)
Take Over of Car Loans- 1. May be considered selectively where: - a. The vehicle si not more than 2 years old, b. Single ownership, c. No Insurance claim availed and d. Account of the borrower with the other bank is Standard Asset. 2. Repayment within 7
years from original purchase. 3. Reimbursement of costs of unencumbered vehicle can also be considered. 4. Interest for new car will be applicable, if no change in ownership. (e-Cir 87 dated 06.05.09)
SBI CAR LOAN SCHEME for Used
All instructions are same as above except - Max loan Amount: Rs 15 lacs. Valuation: Certificate of fitness/ valuation from a reputed/ authorized garage. No valuation required if car sold under Maruti True Value scheme or Automartindia. Take Over of
Vehicle (not more than 5 yrs old)
Loans: 1. Take over considered selectively a. where vehicle is not more than 2 yrs old, b. single ownership, c. no insurance claim availed, d. Standard Asset in other Bank. 2. Repayment within 7 yrs of original purchase. 3. Reimbursment of cost of
- Financing old vehicle on the basis of
unencumbered & upto 2 yrs old vehicle. 4. ROI of new vehicles applicable, if no changes in ownership in case of take over from other banks. (Ref e-Cir 386/2005-06 & NBG/PBU/AL-Car Loans/4/2005-06 dated 14/12/2005). Repayment: Within 7 years
duplicate Registration Books not allowed. (Salaried), 5 yrs (Self-emp & Professionals) of original purchase. Interest: See Page Latest Interest
(For further details Ref Master e-Cir 457 dated 01.12.2006)
Marketing Tips: Car Loan 1. Lower Interest, 2. Interest on daily reducing balance, 3. No advance EMI, 4. Low Processing Fee, 5. Lower Pre-payment Penalty, 6. Long Repayment Period (7 yrs), 7. Finance on Road Price, 8. Lower Margin 9. Free Personal Accident Insurance, 10. Life Insurance at
attractive rate of premium, 11. Special Rate of Interest for Special Customer Groups (Under Plus Schemes), 12. Subvention amount to Customers, 13. Concessional extended warranty, 14. No muscleman at the door.
Staff Car Loan: Quantum: Max Rs. 4.50 lacs (Clerk), Rs. 7 lacs (Officers JMGS-1 to TEGS-2), Rs. 10 lacs (MD), Rs. 15 lacs (Chairman). Interest: 7% p.a.. Simple. Margin: 10%. Repayment: 180 months (132 for Principal, 48 for Interest) e-Cir 312 dt 02.09.08.
2 wheeler & Car loan both may be availed within overall limit of Car loan. (e-Cir 645 dated 06.02.08)
Date of launch: 01.11.2006. Type of Loan: Overdraft. CIS Code: 5028. CBS Code: < 3 yrs: 6050-1011, 3 to 5 yrs: 6050-1012, 5 to 7 yrs: 6050-1013. Stipulations: New car loans of Rs 3 lacs and above. Interest: Periodicity and Amount of loan-wise. See
17 CAR LOAN OVERDRAFT
Page: Latest Interest Rates. Drawing Power on Car loan a/c will be reduced on monthly basis to the extent of principal component so that the loan is liquidated at the end of tenure. Cheque Book, ATM-cum-Debit-Card, Internet Banking facility given after
disbursment of loan and completion of required formalities incl hypo of vehicle.
(All other features of the scheme are
Rationales: 1. To provide an exclusive, innovative and value added car loan product to tap significant market (High Networth Individuals, Mass Affluent, Professionals, Highly paid Executives, Software Professionals, reputed businessmen, Industrialist etc.)
as of Car Loan mentioned above)
providing attractive avenue to park temporary surplus funds and optimizing returns by reducing interest burden. 2. To improve Banks car Loan product profile.
(Ref e-Cir 404 dated 07.11.2006 for further details)
Under this scheme, NRI will be Guarantor and NRIs nominee will be principal applicant. Eligibility: For Borrowers & Guarantor Age 21 65 yrs, Loan to paid before Guarantor turns 65. For Borrowers: Resident Indian related to NRI Individual, Agl,
18 NRI CAR LOAN SCHEME
Self Employed, Parent of NRI receiving pension or inward remittance from NRI, Physically fit with driving license or capable to engage driver. For Guarantor (NRI) Having valid Indian Passport, Steady source of Income, Employed abroad for 2
R : This will widen our product Professional,
yrs, with valid job contract, NRI a/c with us for 12 months with avg balance of Rs 50000 or new a/c with > USD 5000, Power of Attorney. Authorised Branches: NRI Intensive Branches. G M Network may add more branches. Loan Amount: For Borrower
offerings to NRI Customers and
Max 18 times (No ceiling), For Guarantor Min NMI USD 1000 or Min NAI USD 12000. For New vehicle, no ceiling in loan. EMI/ NMI ratio < 50%. Margin: 40%. Repayment: Withi 5 yrs from original sale. Interest: applicable amount & period wise. Penal
result in improving Auto Loans
Interest: 2% of outstandings for period of default. Processing fee: 0.5% of loan amount uprfront. Festival concession wef 08.10.07 to 31.12.07, 0.25% (e-Cir 407/ 09.10.07). Security: Hypo of vehicle & noting of charge in book of RTO, Liquid security
portfolio.
NSC, LIC, TD etc atleast 35%. Tangible security may be waived on good track & creditworthiness. Insurance Comprehensive atleast 110% of value. Disbursement by A/c payee BD/ B cheque to dealer under forwarding letter. Prepayment Penalty: 2% of
amount prepaid. Inspection: No Inspection if SA, inspection if there is default of 2 EMIs, For NPA twice a yr. For more details refer e-Cir 370 dated 18.10.2006 and 413 dated 11.11.06.
SR SCHEME
ELIGIBILITY
LOAN AMOUNT
MARGIN
REPAYMENT, INTEREST, SECURITY, DOCUMENTATION
OTHER FEATURES
19 SCOOM (Two Wheelers Loan) Age 21-60 yrs, min NMI Rs.6250 or NAI Max : 6 times NMI for salaried, Half of 15%, may be reduced to 10 for Max. 36 EMIs (Teacher Plus: 60 EMIs) Post-dated cheques or ECS/ SI (with addl 6 cheques) if a) Insurance as above b) Process Fees: 1.2%
75000 for normal bikes, NMI 5000/ NAI NAI for others. For Teacher +: 10 NMI new vehicles on check off, plus check off not available. Service Fee to Dealer- 2.5% max Rs 2500 incl Service Tax.
incl tax min Rs 250 max 500
60000 for battery 2 wheelers & Mopeds Staff: Max Rs 60000 or 90% (e-Cir 747 sch or value of connections
Interest: See Page: Latest Interest Rates.
c) Tie up with Bajaj Auto Ltd. Countrywide
Two wheeler loans (Bulk Finance= Min 25 vehicles in 3months with check off) : Network GMs may relax the norms Eligibility : Min NMI Rs 2500/-, Max loans 18 NMIs, ROI 0.75% <SBAR , Margin NIL, Repayment 60 EMIs (Ref. Corp Cen PBBU/AL/5/54 DATED 18/07/2005)
Employees, P&SE/ Others who are
Minimum: Rs 25000/Term Loan Max:120 months EMI or date of
Ref e-Circular 341 &
As above. The loan can also be
Processing fee: 2% of loan amount
20 PERSONAL LOAN AGAINST
MORTGAGE OF IMMOVABLE
I.T assesses & Agriculturists
Max: 75% of market value by
Retirement where check off otherwise 60 months.
NBG/PBU/16/2005-06
granted against the security of
incl service tax, max Rs 50000 (e-Cir
PROPERTY- General purpose loan for
-Self Occupied or Vacant condition.
Banks approved Valuer (report not
CA/OD Max 60 EMI, monthly reducing DP.
dated 22/11/2005
property of a third party if the
449/ 29.10.08)
exp. of marriage, medical, education
Max.age:60 years
more than 3 months old) subject to a
Interest: See Page: Latest Interest Rates.
latter agrees to stand as a
(incl. outside India), & Foreign Travel.
NMI of 12000 (salaried)
max. of Rs100 lacs
guarantor to the loan.
But not for speculation (e-Cir 310/5.9.6) NAI of 150000 (others)
EMI/ NMI < 50%
All
Govt./SBI
Pensioners
whose
Max.
of
12
months
pension
with
a
Nil
Repayment
60
EMsI
for
age
<
70
yrs,
48
EMIs
for
Primary: Nil
No processing fees.
21 SBI LOANS TO PENSIONERS
pension a/cs are maintained or***
ceiling of Rs.100,000.
age 70-72 yrs. For Family pensioner EMI 25%<
Collateral: Loan > Rs 25000 to be
(to meet personal expenses)
Pensioners age not to be over 72.
For Family Pensioners- Max. 9
Type of Loan Demand
net pension drawn. Repayment 36 months
guaranteed by spouse or any family
Cir.Circo/Adv/106/2003-04/ dt 14.07.2003/
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
5
For Family Pensioner max age 65 yrs
Loan
*** Pension paid by Treasury through cheque drawn on us on conditions a. irrevocable mandate by pensioner to take payment of cheque through us, b. Treasury to undertake not to transfer pension to other bank without our NOC (Ref e-Cir 340/2005-06 & NBG/PBU/PL-Pension/15 dt 22/11/2005.)
Rationales: To meet personal expenses of young Defense pensioners, who do not have any means of livelihood other than pension, they find it difficult to meet their emergent financial needs or spend on setting up a small
venture to supplement their income. Purpose: To meet the personal expenses of young defence pensioners beyond the existing Personal loan ceiling of Rs 1.00 lac. Age: Upto 50 yrs. Loan Amount: 48 times of net monthly
pensions, subject to max Rs 2 lacs & EMI/NMI not to exceed 40%. Margin: NIL Guarantees: TPG of spouse eligible for family pension or of any family member or third party good for amount. No guarantee if loan < Rs 25000.
Repayment: Max 84 months. Type of Loan: Term Loan. Processing Fee: NIL. Documents & ROI As per SBI Pensioners sch. Authorised Branches- All pension disbursing branches. (e-Circular 138/ 2006-07 dt 23.06.2006.)
23
24
Min: Rs.24,000
Max: 12 NMI for salaried or 1 year
NAI for others - with a ceiling of 7.5
lacs for salaried & others in 6 metros
& 5 lacs at other centres; Rs.1.5
lacs for Pensioners under VRS.
(CC/NBG/PL/177A/4 dt 23.06.05)
Nil
Type of Loan: TERM LOAN
Purpose: 1. Bank to ensure that any customer Resident Indian having repaying capacity, irrespective of segment except AGL customers, may cater their sudden unanticipated needs in lump sum without any stipulation of enduse of funds.
2. Loan for any legitimate purpose domestic or foreign travels, medical of self or family, marriage, education, as customers have to resort to moneylender for emergency funds. Eligibility: Any person having 1. Sufficient cash flow (salaried, min 1 yr
Loan Scheme with Objectives:
service) or regular income (others) as evidenced by 6 months salary slips/ IT Returns of 2 yrs. 2. EMI/NMI at least 50%, 3. Proof of Residence & identity to satisfy KYC norms, 4. 6 months satisfactory statement of any account, 5. if credit card holder, submit
i. Inclusion of a wider target group,
last 3 months statement, and 6. Min scores 50 marks in Credit Scoring System. Minimum Income: NMI Rs 5000 aftter all deductions incl IT (Employee). For others, NAI Rs 60000 (latest IT Return less tax payable). Spouse income considered if joint a/c or
ii. Issuance of clear instructions
guaranteed. Loan Amount: Min Rs 24000 in Metro & Urban, Rs 10000 in R/SU, Max 12 NMI (Salaried), 1 NAI (Others), Max Rs 10 lacs in all centers, subject to credit score 50 or more. Security : NIL. Type of Loan: Term Loan. Repayment: 6-48 EMIs,
regarding processes.
Pre-payment penalty of 1% of loan if paid before 6 m. Renewal after 24 m, separate loan may given subject to EMI/NMI ratio not more than 50%. Mode of Repayment: Monthly remittance if tie up or S I if a/c with us or PDC. Interest: See Page: Latest
All P seg customers/ employees of
Intererst. Processing fee 2% of loan, if credit score 60 & above, 3% if credit score 50-60 (e-Cir 449/ 29.10.09). Disbursement: No Cash, only through Bankers cheque or credit to a/c. Rationales: i. Inclusion of a wider target group ii. Issuance of clear
good Corporates other than Xpress
instructions regarding processes. (Ref e-Cir 339/ 2005-06 & NBG/PBU/PL-Per loans/14/ 2005-06 dated 22/11/2005)
Credit, Self employed Engineer, CA,
MBA, Doctors, Architects with min 2
yrs standing may avail.
Transfer of Personal Loan under Saral & Xpress Credit from one branch to other, irrespective of IRAC norms, subject to 1. Notice to borrower and obtention consent letter from him, 2. Customer to pay additional stamp duty if transfer to othe state, 3. Furnish full address, telephone nos both
residential & official to transferee branch for follow up. Obtain undertaking form borrower not to use the proceeds for any speculative purpose in stock market or in real estate. (Ref e-Cir 600/ 2006-07 dated 06.02.07)
-Check off** (See Foot Note, Page 9) or PDC on GMs permission (Score 60%); Margin: NIL. Repay 48 EMIs. Besides TL/ DL, OD on following terms i.Loan granted Processing Fee- 1% of loan amount incl service tax (e-Cir 449/ 29.10.08)
for 1 yr & subject to annual review, ii. Loan 10NMI, Net take home >40% after interest. Now also extended to Quasi-govt & reputed educational institute employee,
Target Gr: Emp of Govt, Semi Govt, Profit To bring High Quality Per Loan as low grade Employee contributed significant
ROI See Page: Latest Interest.
where we have Captive Branch. All other terms conditions of Personal Loan will be
making PSUs, reputed Educational Inst, NPAs, NMI reduced to Rs 3000. (e-Cir 271 dt 19.08.06)
applicable (Ref Cir. Corp Cen PB/PL/218 dt 31.05.05 & 4A/ 165 dt. 21.06.05).
SB1, SB2 & now SB3 Co satisfying take Min Loan 10000, Max 18 NMIs (EMI/NMI not exceeding 50%)
Max 12 NMIs for Non Govt Employee.
-(e-Cir 657 dt 13.2.8)
over norms (e-Cir 115, 16.6.6)
Personal Loan under Xpress Credit scheme extended to Para Military Forces (CISF) e-Cir 01 dated 01.04.06 : As CISF personnel are posted allover the country, considerable scope for sanction of Per Loan through the large pool of salary accounts exists. In terms of e-circular no. 551 dt 2.3.6
and 557 dt 3.3.6, Bank to extend Personal Loan facility under Xpress Credit Scheme to CISF Employee, whose salary is paid through us on the basis of SI activated simultaneously with salary credit, without insisting Check-off and NOC after obtaining certificate from DDO.(See Page 07)
27
28
ELIGIBILITY
Employees with min. 2 yrs service;
Self employed with min. 3 yrs
standing; Persons with regular
source of income
NMI of 3000 & above
Teacher Plus: NMI Rs. 2500
INTEREST
NIL
REPAYMENT
Disbursement is by credit to account.
Repay: 12 EMIs; No penalty for prepayment
Type of loan: DL
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
6
29
SBI EDUCATION PLUS Rationales/ Objectives: Provision of financial assistance to employed persons for pursuing part time/ Distance Education courses for career development. Eligible courses: Distance Education & Part Time Courses (Evening)
for Diploma/Degree/PG conducted by UGC/ Govt/AICTE/AIBMS/ICMR/IGNOU etc. Eligibility: Permanent employee of State/ Central/PSUs/Reputed Institutes with min 2 yrs service and has secured seat. Consent letter from the
Personal loan for distance
employer for pursuing proposed course. Facility: Term Loan. Age: Below 45 yrs. Amount of Loan: 15 NMIs, max Rs 1 lac min Rs 25000. Margin: 10% Interest- 0.25% above SBAR. Repayment: 60 EMIs. No penalty on early
education & part-time courses repayment. Security: Check facility letter from employer or PDC along with suitable TPG. Processing Fee: NIL Documents: As applicable to Xpress Credit.
Rationales: 1. to reinforce the loyalty of existing Home loan borrowers, 2. To tap the potential for take-over of Home loans, 3. To give a discernible boost to the off take of Personal loans and 4. To improve Net Interest Margin
(NIM). Purpose: General purpose loan against mortgage of immovable property. Eligibility: HL Borrower or Take over case with a satisfactory repayment record of 3 yrs and whose loan is a Standard Asset. Maximum no. of
occasions to avail loans - > 5 yrs & upto 10 yrs (First), > 10 15 yrs (Second), > 15 20 yrs (Third time). Amount of Loan: 18 NMIs for salaried / 1.5 NAI for businessmen, agriculturists. EMI/ NMI not exceeds 60%. Credit
(e-Circular 108 dated 15.06.06, Scoring is waived. Rate of Interest: 50 bps above the Home Loan Interest. Processing Fee: 0.50 of the loan amt incl service tax. Security: Extension of charges on mortgaged property. Inspection: Every 3 yrs (SA), Quarterly
363 dt 27.09.08)
(NPA). Required Papers: Copy of salary slip & IT returns. Marketing Tips: 1. Product meant to maintain long-term relationship with HL Borrowers with a focus to reinforce the customer loyalty. 2. An effective tool to aggressively
Scheme launched from
market take-over of quality loans. 3. In-built provision to sanction Personal loans to HL Borrowers. 4. Waiver of stipulation for credit scoring. 5. Competitive Int Rates, linked to HL. 6. Low Processing fee. 7. Long repayment period
co-terminus with residual maturity of HL. 8. Better security coverage Mortgage linked product, minimizing the chances of delinquency. (Ref e-Circular 108/ 2006-07 dated 15.06.2006)
01.07.06
31
loan to
our existing home loan customers on
attractive & easy terms, especially in
view of the comfort of security as
house property.
Eligibility: All H L customers with satisfactory repayment record of atleast one year and maintaining SB/ CA with us. Loan Amt: Minimum Rs 25000, Maximum Rs 10 lacs, subject to present value of house property (-) 25% margin on property value & (-)
present outstandings in Home loan a/c. The present market value of the property to be decided by approved panel valuer. Sanct Auth does assessment of property for the loan upto Rs 2 lacs, valuation not required. No of loan: Two, 2nd loan may be granted
after a gap of 2 yrs of first loan within the overall ceiling of Rs 10 lacs. Purpose: Any purpose extension/ repair of house, purchase of car/ consumer durables, education/ medical expenses of family, personal expenses etc. Documentary evidence for end
use of funds not required. A certificate to be obtained from customer that the loan will not be used for any speculative purposes. Facility: Term Loan or CAOD (ATM-cum-debit card would be issued). Interest: Only floating rate linked to SBAR based on type of
loan & check off facility (12 to 15%). For Staff ROI is 2% < SBAR (if Floating HL) or 1% < SBAR (if Fixed HL). Repayment: Not beyond the existing period of HL (e-Cir 668 dt 14.2.8), convenient to borrower, starting one month after disbursal. Prepayment:
Penalty of 1% amount prepaid. No Penalty if HL & TL prepaid simultaneously. EMI/ NMI Ratio: Not to exceed 60% of both loans, may be relaxed to 70% for > Rs 10 lacs HL Borrowers. Processing fee: 0.5% of loan, min Rs 500. Security: Extension of
mortgage of house property NOT mandatory (e-Cir 668 dt 14.2.8). Branches: All incl Rural Branches. For Staff, rural brs also. (e Cir 313 dated 29.08.07). MIS product code: 5030, CBS Producrt code: Home cash OD (6050 2151) & TL (6250 2151)
Eligibility: Earning women and Housewives incl single mothers, widows, deserted women with family income upto Rs 20000 p.m. Purpose: General medical, travel, family functions, home renovations, childrens expenses etc. Loan Amount: For Earning
Women Min Rs 10000 Max 18 NMIs or Rs 1 lac, For Housewives Upto Rs 50000 depending upon repayment capacity of borrower/ guarantor with EMI/NMI upto 55% Security: Clean loan, For Working women-Tie-up/ PDC, Housewives- if no source of
income: one co-borrower preferably relative, if sufficient income one guarantor preferably relative. Interest: Earning women75 bps >SBAR, Housewives 50 bps below SBAR floating. Repayment: 60 months. Margin: NIL. Other terms: i. 50 bps
reduction if salary with us, ii. Further 25 bps concession if check off, iii. Life cover of Rs 1 lac per person with SBI Life at reduced rate.
CAREER PLANNER LOAN: Eligibility: As above. Purpose: Any educational purpose. Loan Amount: For earning women- Min Rs 10000 Max 30NMIs or Rs 3 lacs, EMI/NMI upto 55%, Housewives- Rs 1 lac, EMI/NMI 55%, Periodical disbursement on
progress of the course. Security: Clean Loan, For Working Women Tie/up or PDC, Others one Guarantor with regular income preferably relative. ROI- For earners 50 bps < existing education loan rate, Housewives: 125 bps < SBAR floating with floor
rate of 9%. Repayment: 36-60 m. Margin: < Rs 1 lac NIL, > Rs 1 lac 5%. Other terms As above. (This is not Education Loan, but Personal Loan)
(Ref E-Circular 333/ 2005-06 & NBG/PBU/PL-PERLOANS/10/2005-06 dated 22/11/2005)
Rationale: A fully collaterallised scheme to finance individuals who opt for training to acquire skills needed to join a job/ profession. (Not covered under Education loan scheme) . Eligibility: Individuals who undertake a DGCA approved course for training/ skill
development for joining as Commercial Pilot/ Airhostess. Facility: TL with applicant and parent/ guardian/ spouse as co-borrowers. Age: Min 18 yrs (Applicant), Max 60 yrs (Co-borrower). Loan Amount: Max Rs 20 lacs. Repayment: 36 EMIs from one year
after completion of course (e-Cir 242 dated 04.08.2007). Interest: Based on SBAR security-wise. 12.5% (EM), 1% > FD Rate (FD), 11.5% (LIC,NSC etc) (e-Cir 700 dt 01.03.08). Processing Fees: 0.5% of loan recovered upfront. Security: EM of nonencumbered Property or Govt/ PSU Bonds, NSC, LIC, KVP, FD of Banks etc. Margin: 10% (LIC, KVP, NSC, FD, Bonds), 20% (EM). Documents: Personal Loan backed by security & Personal loan ag mortgage of Immovables. Ref Cir 493 dated 14.12.2006,
242 dated 04.08.2007.
Purpose: Supplementary income, any personal expenses, house repairs. Eligibility: 1. Single or joint with a living spouse (Not for NRI). 2. Age > 60 yrs of first borrower, > 58 yrs for spouse. 3. Surviving spouse one, borrower to undertake not to marry
again, if not loan will be foreclosed. 4. Self-acquired & self-owned houses as permanent primary residence. Mobile/ Telephone/ Credit card bills/ affadavit accepted as proof of residence. 5. Clear, unencumbered and transferable title, Search report for 30 yrs
to be obtained from the Banks empanelled advocate at borrowers cost. 6. Residual life of property At least 20 yrs (Single), 25 yrs (Joint, if spouse < 60). Branches: All. Type of facility: Non-renewable Overdarft without ledger folio charge. No cheque or
debit card linkage. Quantum of Loan: 90% of value of property, min Rs 3 lacs, max Rs 1 crore. Tenor: 10 to 15 yrs or till death. Interest: Public - 10.75% (Fixed) subject to reset every 5 yrs. Staff Pensioners 1% below card rate. Disbursement: By credit
to SB A/c in joint names with E or Ship. Periodicity Monthly/ Quarterly or Lumpsum. Repayment: Loan become due when last surviving borrower dies or opts for sell or permanently moves out of home. Settlement of loan by sale of property or pre-payment
by borrowers or his kin. Borrower to submit life certificate in November every year. List of legal heir to be obtained at time of sanction of the loan. Foreclosure: 1. If borrower not stayed > 1 year. 2. If fail to pay property tax/ insurance/ maintain or repair. 3.
Declared him bankrupt. 4. If mortgaged property donated or abandoned etc or any violation of terms & conditions. Pre-payment of loan any time & without penalty. Security: EM of residential property. Revaluation: On Every 5 yrs and payment may be
revised accordingly. Processing fee: 0.5% of loan, min Rs 500 max Rs 10000/-. Right of Rescission: As a customer friendly international gesture borrowers hacve right of rescission upto 7 days. Insurance & Maintenance: Bank reserves the right to pay
insurance, taxes etc by reducing loan amt if not paid by borrower. IRAC norms: SA as long as repayment or interest does not become due. Descretionary power: Same as Home Loan sanction. Classification: Looking at utilization of loan, it is treated as
Personal Loans against mortgage of immovable properties. Registration of WILL is not necessary (e-Cir 603 dt 14.01.08) Product Code: 5033 (CIS), 6050 2011 (CBS). (For details refer e-Cir 380 dt 27.09.07, 112 dt 28.05.08).
ELIGIBILITY
Indian National; secured admission
to professional./ tech. Courses or to
foreign universities / institutions,
REPAYMENT
10 yrs after moratorium (e-Cir 174/ 23.06.09)
Moratorium: Course Period + 1 year (24 months
SECURITY
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
7
(Ref Master Cir 789 / 2008-09)
through entrance test or selection
If First loan is outstanding, 2nd loan (Top-up) within the overall limit may e-Cir 173/ 23.6.9) or 6 months after getting a job
> 4 lacs & 7.5 lacs: Parents co4 lacs of loan. However fee of Rs 5000 for
(Priority Sector Advance: Rs 20 lacs
process. Eligible 3 courses- GNIIT,
be permitted to pursue the professional course (e-Cir 428 dt 15.10.07) which is earlier
obligation with Coll.sec. as 3rd party
loan > Rs 4 lacs student studying abroad to
study abroad, Rs 10 lacs study in India, ANIIT & AAE conducted by NIIT, a
Disposal of application within 15- 30 days. Where college & Hostel
Interest: See Page: Latest Interest Rates.
guarantee for 100% of loan. (TPG or be adjusted later (e-Cir 52 dt 6.5.6). Doc to
RBI Master Cir dt 1.7.7)
global IT learning solutions corp with
are placed far apart, loan for 2 wheelers < Rs 50000 given.
Penal Interest @ 2% be charged for loans > Rs
Lien PF Balance for staff) For
be executed by both student & parent.
ICFAI courses delisted except MBA/
90% placement record (e-cir 71
SBI Life insures covers Education Loan Customer. Premium may 4 lacs for OD amt & OD period (e-Cir 52 dt 6.5.6)
above Rs. 7.5 lacs Parents coStudents future income is assigned in
PGDBA conducted by ICFAI Business
dated 18.05.06). Not entertain
also be funded.
Revival Generally student is not available at
obligation with Tangibles of full value favour of the bank in the documents.
School (e-Cir 139 dated 23.06.2006)
Students whose parents/ siblings
Each ward can avail full Education Loan, subject to collateral
place of Branch granting loan, thus father/ guardian & assignment of future income of
Children of bank staff can also get loan.
Loan may be granted for admission
defaulted earlier (e-Cir 326/ 11.9.6)
Security (E-Cir 268 dt 09.08.08)
may sign revival on behalf of student after suitable
parents. (e-Cir 655 dt 13.02.08)
Ref CirCo/Adv/ 208/ 2004-05 dt. 3.12.04.
on Management Quotae-Cir515/24.11
amendment in Document (e-Cir/ 13.12.2006).
R
Marketing Tips : Education Loan 1. Low Processing Charge, 2. Low Margin, 3. Low Interest Rate, 4. Simple Interest during entire period of loan, 5. No pre-payment Penalties 6. No hidden cost or administrative charges 7. 100 basis points concession on interest if fully serviced during moratorium
8. Tax benefit to students upto Rs 40000 as repayment of loan under Sec 88. 9.Facilitates working people to undertake part time/ evening courses. 10. Optional individual life insurance (EDU-SHIELD) to existing/ new borrowers. Benefits to Bank/ Branches : 1. Catch them Young as Lifetime Customers
2. Cross-selling of other products 3. Counts as Priority Sector Advance 4. Credit process is less exhaustive compared to SIB/ Agl loans 5. Eligible HL Borrowers can avail this loan under Credit Khazana with 25 basis points concession in interest rates. ( Source : Ref. NBG Bulletin : May 2005 issue)
36 SBI SCHOLAR EDUCATION LOAN- -Students should be an Indian national Expenses covered Fees (Hostel, exam, lab, tution etc.), cost of books, Interest: See Page: Latest Interest Rates.
No Security/ Collateral asked
-No Processing Fee/ Up front fee
-Loans to deserving meritorious students & have secured admission to full time equipments, uniforms, computers; caution money, travel exp for abroad. Simple Int during Course & moratorium. Penal
(For staff also)
professional/technical courses through Loan Amount - Need based, Maximum Rs.15 lacs sanctioned as TL.
interest @ 2% for loan above Rs. 2 lacs for overdue
-2nd Education Loan under over all limit
for full time courses in India at select
Repayment- 10 yrs after completion of
Entrance Test/ Selection process.
CGM may grant Rs 3 lacs p.a. for main cultural event/ college
amt for OD period.
Ref CrCo/Adv/ 209/ 2004-05 dated 03.12.04
premier & reputed 100* institutes.
course & Moratorium in EMI.
*Loan jointly with Co-borrower
magazines/ placement session (e-Cir 872/ 31.03.2010)
1% int concession if int served during
and e-Cir 26 dated 25.04.06.
(*Refer e-Cir 872 dated 31.03.2010)
(Ref e-Cir 174 dated 23.06.2009)
Margin - < Rs 4 lacs Nil, > 4 lacs 5%; year to year basis; incl Sship.
moratorium (e-Cir 101 dt 20.05.2008).
For Scheme detail, refer e-Cir 872/ 31.3.10.
(Spouse/Parent/in-laws or TPG)
Discretion to waive the parental involvement rests with Sanct Authority.
Students undertaking graduate/
Approximate fee : Rs. 2.50- 3 lacs (incl board. & lodging) for 4 All other terms & conditions of Education Loan Career Plus: For Hotel Mgt, GRE, Media Mgt Catering, Coaching class etc. Loan Amt:
37 NURSING PLUS
Rs. 20000 to 2 lacs; Type of A/c DL in student name (Minor jointly), Repay After
(merged to Education Loan scheme, e- PG course in nursing approved by yrs B.Sc. Course, Rs. 1.25 lacs for 2 yrs M.Sc deg.
will be applicable
employment or 6 months of last disb, which is earlier.
Cir 488 dated 06.02.06)
Indian Nursing Council
Loan jointly to student & parent as in other education loan.
40
-To make education loans to needy ones at concessional rates wef. 1.03.04.. Incomes of parents not exceed Rs. 2.5 lacs per annum; 60% marks in qualifying examination.2% Interest subsidy for bright & needy students taking higher education (new a/c only)
for amt not exceeding Rs. 4 lacs & for Course period + 5 years.No collateral security required Details of the scheme will be circulated by IBA after budgetary provisions.
For students in private professional colleges. Students family income NOT to exceed Rs.1 lac. Loan Amount: Rs.15000 for Merit seat; Rs.50000 for Payment seat or the fees payable, whichever is less. Margin Nil. Moratorium: 2 yrs after course or 6
months after job whichever is less; Repayment not to exceed 5 yrs from course completion. Interest:12% Security Nil. Students who secured admission against quota meant for NRI/Foreign Students are not eligible.
Eligibility
Individuals who are over 21
years of age with steady source
of income; Proper introduction of
the borrower & min capacity to
service the interest will be
sufficient to determine eligibility.
Hallmarked jewellery preferable.
Security
Genuineness, purity & intrinsic
value, correct weight, no. of
ornaments to be ensured.
Purity is tested by Touch stone
or Gravity method (19.3% for 24
carat gold)
Existing individual customers with good Max Loan: Rs.20 lacs (Demat), Rs 10 lacs (Physical form). Shoulld not exceed Rs 10 lacs for subscribing to IPOs (e-Cir 600 dt Pledge of fully paid & readily
past relation ship either singly or jointly 11.01.08). 50% of market value as reported in Economic Times; market price not to fall below par for preceding 52 weeks;
marketable demat shares traded in
with spouse
Preference shares will not be acceptable as security. If P/E ratio is not available, the shares / debentures should not be
Stock Exchanges regularly
accepted as security. Loan > Rs 10 lacs (Physical) & > Rs. 20 lacs (demat) sanctioned by the Bank Board. Share to be
transferred in Bank name in Loan > Rs 10 lacs (Physical) and > Rs. 50 lacs (demat).
Repayment : Max: 30 months Interest: SBAR Type of Loan DL/ OD
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
8
43
Eligibility: New customers with sufficient cash flow evident by last 2 yrs IT Returns & satisfy KYC norms. Old Customers satisfactorily availing home/car/sccom/per/ mortgage/ education loan. Amount of Loan: Min 50% of application money, Max Rs 10 lacs
per person. Margin: 50% (Max Amt of shares permissible to Retail Individuals Rs 10 lacs). Security: Lien on shares if allotted Repayment: Within 30 days of allotment. Interest: For employee qualified under Xpress credit, floating SBAR , for others 250 bps
> SBAR-floating. Type of Loan: Demand Loan. Authorised Brs: All DP branches having demat facility available. Processing fee: 1st loan Rs 500, every subsequent loans Rs 100, after 3 loans NIL. Rationale: i. To broaden our customer base ii. Business
opportunity (Reference e-Circular 336/ 2005-06 & NBG/PBU/PL-PERLOANS/ 11/2005-06 dated 22/11/2005 and e-Cir 784 dated 22.02.2010)
48
Margin 50 %
Only against Units offering 2 way quotes & NAV. Margin: Based on repayment capacity
50% of NAV
Int: As advance against gold ornaments.
Margin: 10% Repayment -Liquidated against maturity proceeds
Interest: 1.0% over FD rate for loans (For SME Depositors: 1.5% over FD Rate (e-Cir 516/ 24.11.08)
Loan: NSC 60% of the face value with accrued int. for public
& 90% for staff; IVP/KVP 60% of purchase value not the
face value. For Staff 85%
Pledge of Securities
With Security Delivery Letter.
NSCs are trfd. in bankers name
by execution of app. Form of
P&T Dept.
Where more than one party to a policy, the parties may assign it jointly/ or chain of
assignments. A notice, in duplicate, signed by assignor & assignee requesting
insurance co. to return one copy signed & sealed alongwith assignment. Before
notifying Banks interest on the policy, the company will advise present surrender
value, policy is unencumbered, premia paid up-to-date, age of insured is admitted.
All information to be register in Misc Security Register (e-Cir 470/ 05.10.2009)
49
50 PRAVASI PLUS
The product has been designed to tap maturing RIB funds enabling NRIs to arrange financial assistance to their resident relatives for start-up ventures at all liberal terms against the collateral security of FCNR(B) and NR(E) Rupee
Term Deposits for products Doctor Plus, Financing for combine harvester and Tractor, Flexi (SBF) loan, Auto Loan (for Transport Operators) and PERSONAL LOAN. The concessions offered are 1. Uniform concessionary
rate of interest (0.25% less than card rate in Per Loan), 2. Waiver of processing fee & pre-payment penalty 3. Physical Inspection once in a year as long as Standard Asset.
51 ADVANCE AGAINST RBI RELIEF Individuals aged over 21 with an
Margin of 40% on the face value & accrued interest (e-Cir 588 dt No repayment is compulsorily proposed. Non-payment of interest will not attract IRAC norms. However, borrower has the option to repay even
prematurely. The loan to be liquidated out of maturity proceeds of bonds. Securities must be transferred by the beneficiary to the bank.
BONDS
assured income incl. NRI
31.12.08). Outstandings should NOT exceed Bond Value +
Appropriate stamped Forms A/A1/A2 to be obtained from owner of security/borrower. Relief Bonds issued as Promissory Notes must be sent
[a) Promissory Notes (Physical scrip; Purpose; To meet investors credit accrued interest at any time.
b) Stock Certificates (phy. scrips);
needs; personal/ business needs & Authorised Branches: PBBs and branches with PB division; all to RBI for examination. Relief Bonds in the nature of Stock Certificates must be sent to concerned RBI office with Transfer deed. RBI Relief
Bonds as Bond Ledger a/c (demat bonds) are also transferable thro transfer deed which is to be recorded in the office where the demat a/c is
c) Bond Ledger a/c (demat Bonds). contingencies.
branches in Metro & urban areas. Any branch authorized by GM maintained. Rate of Interest: DL & OD- Upto 3 yrs 1.25% below SBAR . OD & TL 3-6 yrs 0.75% below SBAR .
RBI Relief Bonds are not encashable
of the network.
(WEF 01.04.2006, Ref e-Cir 02/ 2006-07 dated 01.04.2006)
prematurely.
Processing Fees : 1.10 % of loan amount.
For further details Refer e-Cir 561/
(Scheme is withdrawn Ref e-Cir 488
dt 6.2.6)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
9
20.12.08)
52 ADVANCE AGAINST OPEN ENDED
SCHEMES OF SBI MUTUAL FUND
(at all computerized branches &
branches with PB division in
Metro/Urban/Semi-Urban branches)
53 MEDI-PLUS SCHEME- For
Repayable in 30 EMIs
Int.: As advised by bank
Type: DL / OD; DL at Fixed/Floating; OD at
Floating rate only
Processing Fees:0.5% of loan, Min. Rs.100
Repay: Max. 60 EMIs
Teacher Plus (Product Code: 62521001) & Prashashan Plus (62521001) schemes since withdrawn Refer e Cir 713 dated 23..01.2010.
56 SBI VISHESH
R : A product for Mass Affluent gives
variety of value added services &
special privileges in order to ensure
proper recognition of the underlying
relationship.
Eligibility 1. Depositors having deposit of Rs 5 lacs & above Or 2. Home Loan Borrowers with a minimum limit of Rs. 10 lacs and above and having a deposit of Rs. 2 lacs and more Or 3. Car Loan borrower with a limit of
Rs. 5 lacs and above and having deposit of Rs 2 lacs and more Or 4. Salary > Rs 1.00 lac under Corporate Salary A/c (e-Cir 211 dated 26.07.2006). Coverage Launched in 470 brs of 14 Circles. Started with all PBBs, SPBs
with Relationship Managers posted and other branches with 150 Vishesh Customer base.
Special Offers: 1. Free remittance and collection of cheques < Rs 25000 per instance & 3 times per month 2. Immediate credit of cheques within an overall limit of Rs 50000/- 3. Waiver of processing charge on fresh P seg loans
4. Pre-approved P Seg Home loans linked to repayment capacity 5. Extended Business Hours by additional hr except at 8 to 8 Branches 6. Priority allotment of Lockers and 25% rebate on rentals, 7. 50% rebate on demats
account charges 8. Special ATM-cum-Debit Photo card with higher withdrawal limit 9. Free subscription of Quarterly News letter to keep them abreast of various developments in bank incl new schemes/ other offers 10. Free Door
step banking for delivery of Drafts/ Cheque Books/ Statement of A/cs 11. Benefits in SBI MF, SBI Life and SBI Cards, 12. Faster processing of loan through RACPC.
Rationales: To garner regular savings through Recurring Deposit Scheme and grant Demand Loans to women for general purpose needs. Salient Features: Eligibility: At least 12 months old regular RD a/c holders. Min
installment Rs 400 p.m. for 36 months for min Rs 10000 loan and Rs 200 p.m. for 60 months for min loan Rs 5000. Type of Loan: Demand Loan. Amt of Loan: Twice the balance outstanding in RD a/c min Rs 5000 max Rs
50000. Interest: 2.25% below SBAR. Repayment: Loan is partially clean and partially secured by RD amt. Clean portion to be paid in 24 or 48 EMIs and rest to be adjusted out of maturity proceeds. Documents: DP note, DPN
Delivery letter, Arrangement letter. (Ref e-Circular 153/2006-07 dated 27.06.2006)
Note RBI directed to prescribe single Benchmark PLR w.e.f. 01.01.04 instead of three PLRs- SBAR, SBMTLR & SBSTAR. SBI Benchmark PLR is now 12.75% w.e.f 09.04.07, which is also known as STATE BANK ADVANCE RATE.
CHECK OFF FACILITY: Guidelines - Ref e-Cir 429 dated 17.11.2006 (Xpress Credit)
Xpress Credit scheme was launched in the year 2004 to give loans on concessionary terms to low-risk target groups, employees of government, semi-government, profit making PSUs and educational institutions of national repute. Subsequently, target group was enlarged to include employees of SB 1and SB 2
rated Companies. The scheme was built around the concept of Check off.
Check off is a process by which the salary-disbursing officer undertakes to deduct loan installments from the salary of the borrower and remits the same to the bank for credit of the loan account. Lack of check-off is proving hindrance to business growth under the scheme. Therefore, following modificationsunder
clause Requirement of Check off were made A. Obtention of following documents may be waived by SA in case of employees of Central/ State Govt, PSUs, Universitiesand reputed colleges: - 1. Irrevocable authority from employer for making payment out of terminal benefit in case of his resignation, retirement,
death or discontinuance of service. 2. Undertaking from the employer to obtain a NOC from the Bank before settling the dues of the borrower on transfer, resignation, retirement etc. B. In case of other employers, the CGM of the Circle may waive the above documents except in case of IT Sector Employees.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
10
C. Check off may be considered where all the following requirements fulfilled a. the employer pays the borrowers salary into his SB/ CA with us, b. the borrower give irrevocable S I for recovery of installments from his salary a/c, and c. the employer undertakes to inform the Bank if and when there is a severance
due to borrowers transfer, resignation, retirement etc.
N.B: Now Xpress Credit may be given to low risk target groups like Govt, Semi-Govt, profit making PSUs & Educational Institutions of national repute, employees of SB1 and SB2 rated Companies not matianing salary a/cs with us, but DDO consents in writing to provide check-off as well as undertaking to obtain
NOC from loan disbursing Branch before release of terminal benefits to the employees. (e-Cir 657 dt 13.02.08)
PENAL INTEREST ON IRREGULAR LOANS (PERSONAL BANKING ADVANCES) (Ref e-Circular 550/ 2005-06 dated 02.03.2006)
With a view to instill a better financial discipline on the borrowers and to facilitate timely recovery of loan installments/ other dues, it has been decided to recover penal interest @ 2% on entire outstanding for the period of default (in place of 1% p.m. = 12 p.a.) , with immediate effect.
INTEREST CONCESSIONS FOR P LOANS OTHER THAN HOME AND AUTO LOANS (Ref e-Circular 528/ 2005-06 dated 20.02.2006)
1.
Only Modular DGM may extend concessions upto 50 bps (instead of 100 bps) and discretionary powers of officials below the rank of DGM stands withdrawn.
2.
The floor rate floating (100bps below SBAR) will continue to apply to all other P Loans, except secured loans against TDRs, NSCs, RBI Relief Bonds/ FCNR (Deposits)/ shares etc as covered by the relative scheme.
3.
No discretionary power now be available to any officials at Circle level to extend concession in case of secured loans against TDRs, NSCs, RBI Relief Bonds, FCNR (depsoits)/ shares etc as covered by the relative scheme.
MRFTP MARKET RELATED FUND TRANSFER PRICING FOR YEAR 2007-08 FOR ALL BRANCHES (e-Cir 316 dated 30.08.2007)
Sr Details of Accounts etc
Quantifying Criteria
Incentives
1
On Demand Liability (Deposit)
Net Increase in number of accounts*
Rs 300 per account
a/cs
2
On Time Liability a/c
Net Increase in number of accounts*
Rs 200 per account
3
On Asset (Loan) a/c
Increase in number of accounts
Rs 500 per account
4
On channel hits
Total no. Hits during the period in any channel Rs 5 per hit
5
On other income
Amount earned incl Cross Selling
Rural & SU Branches 20% of other income
Urban & Metro Branches - NIL
* While computing the net increase in number of a/cs, the dormant a/cs, inoperative a/cs & closed a/cs should be excluded.
Notes
Rs 100 only for each SBI Tiny Cards
5
years)
last 2 yrs and who require
Hypo of Crops, Collateral NIL (e-Cir validity period serve as I Card as well as
issued within 15 days.
Maximum limit. (Now, limit is
Cash Disbursal allowed to the full extent of 741 dated 26.03.08)
production credit limit of Rs.
record the up-to-date transactions.
GOI approved Int subvention
calculated on Standard Format)
credit limit.
Personal Accident Insurance upto age -Cheque Book facility for > Rs 25000/3000/- & above. If satisfied, BM Contingent credit need to the
of 3% (instead of 2%) for
2008-09 for Short Term Loan Repayment coincides with the harvest and of 70 yrs to the extent of Rs. 50000 on -ATM facility now available.
may extend the facility to new
extent of 20% added to peak credit upto Rs 3 lacs to farmers at
sale of crops and is fixed while fixing D P. death/disability. Rs. 25000 on loss of -Lamination of card fee Rs 50 to be obtained
credit-worthy borrower also.
limit.
10
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
11
3 GENERAL CREDIT CARD
Interest: 2% above SBAR with monthly rest in case of applicant with monthly source of
income. 2% penalty on delayed payment (e-Cir 162/2006-07 dated 03.07.2006)
Eligibility: SA loan a/c.6 months satisfactory deposit a/c with us. Not extended to Renewal: Account will be reviewed every year and renewed after every 3 years.
General purpose of our constituents in
KCC Borrowers.
Repayment: Cash Credit nature, however outstanding may be paid in full or min 20%
R/SU brs.
in monthly/ quarterly/ half yearly/ yearly interval.
(GCC is similar to Swarojgar Credit Nature of facility: Revolving Credit, draw cash from specified br upto limit.
Amount: Based on Income & cash flow of entire household max 20% of eligible Priority Sector Adv: As per RBI Guidelines 100% of credit outstanding upto Rs 25000
Card)
production loan limit/ or 20% of annual income or Rs 25000 whichever is less.
per a/c will be treated as indirect agl finance.
4 SCORING
MODEL
FOR
TRACTOR LOAN
The existing Tractor Plus Sch
stands withdrawn.
Features of Scoring Model: 1. Simple & timesaving, removing the subjectivity in the appraisal. 2. Provision for different margin, security, interest etc based on marks secured. 3. Risks (100 marks) grouped under two Borrower
Risk (56) and Transaction Risk (44). 4. Branch NPA % in tractor loans is to be factored for arriving at the final score. 5. Hurdle rate is 40. 6. Tractor financing done only under Scoring model and not under KGC.
Eligibility: Agriculturists (Individual or joint), Persons offerings NSC, KVP, LIC, TDs to cover > 60% of loan, are treated as Very Low Risk and Highly Secure. Gold may also be obtained as Security with Controllers permission.
Quantum of Loan: Invoice value of Tractor less margin stipulated as per scoring model. For Repair 1% of Project Cost. Registration & Insurance max Rs 15000/-.
Margin: Score of 8 under item no 1 of Transaction risk 5%, 60 and above 5%, Between 50 to 59 DSCR (1.75), Margin (10%), Below 49 DSCR (2.00), Margin 20%.
Appraisal: On Scoring Model, Calculate DSCR if score is below 60.
Documentation: AB 1, AB 2, AB 3/ 3A, Arrangement letter and Form A/ A1/ A2; Blank and undated HPTer and TTO to be obtained in duplicate, duly signed by borrower.
Disbursement: Loan amount + Margin money to be paid to dealers against the invoice.
Security: Primary Hypo of Assets, Noting of Bank s hypothecation charge in RC Book. Collateral Score of 8 under item 1 of Transaction Risk Security like NSC, KVP, FD, LIC cover > 60% of loan, 70 & above No collateral,
Others Mortgage of agri lands owned by farmer or other tangible security, good for the market value of land owned.
Interest: See Page: Latest Interest Rates.
Insurance: Comprehensive insurance of assets purchased, may be waived o request of the borrower on prescribed format. Third Party Insurance is must.
Upfront fee: Loan upto Rs. 2 lacs NIL, Above Rs 2 lacs 1.15% of the maount.
Repayment: within 9 years incl max moratorium of 12 months by HY or Yearly installments coinciding with harvesting and marketing period.
Inspection: Within one month of Disbursement to ascertain the enduse of the fund. Half Yearly Inspection for Regular Loans. Monthly for Irregular loans. Refer Master e-Cir 787/2008-09.
-Agri-Business scheme to cover loans for insistence on security, purpose and end-use of the funds.
Sl. Schemes
Rationales / Objectives
6 - SBI Mahindra Vishwas &ndSBI
TAFE
Nayaroop Financing of 2 Hand/
used Tractors (upto 7 yrs old)
To extend credit to agriculturist for
acquiring tractors where borrowers
propose to let out the tractors to other
farmers in addition to own use.
11
Eligibility
Amount of Loan,
Margin & Interest
a. Individual Farmers/ Group not
85% of the cost of Tractor and other implements
exceeding 3 owing 4 acres (3 acres Margin - 15 % of amount of tractor and implements.
for M Vishwas & T Nayaroop) of ROI as applicable to agl. Advances.
perennially irrigated land for below
35 HP & 6 acres for above 35 HP
tractor.
Security - As above
Documentation AB 1 (Hypo.
Agreement), AB 2 (Deed of
Guarantee), AB 3 (Mortgage
Deed), Form 20,29 & 30.
Insurance Comprehensive or
3rd Party if consented by
borrower.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
12
7 Financing Power Tillers
Eligibility: Farmers or a group of not more than 3 farmers owning 2 acres of perennially irrigated land. Farmers with lesser land may also be obtained if DSCR > 1.75, Income from Custom hiring adequate, farmers adopting intensive cultivation practices.
Loan Amount: As per Invoice less margin.
Security: Loans upto Rs 50000 Primary: Hypothecation of assets purchased by bank finance. Collateral Nil. Loans > Rs 50000 Rs 2 lacs: Primary As above, Collateral EM of land upto 50% of loan or one Third Party Guarantee good for amount or
Liquid atleast 50% of loan. Loans above Rs 2 lacs: Primary as above, Collateral: EM of land atleast 50% of the loan amount.
Repayment: 9 years with 1 yr as gestation period.
Processing / Upfront fee: Waived upto Rs 2 lacs. Interest; As applicable to ATL
Insurance: General insurance of machinery financed. Comprehensive insurance where registration of trailer with RTA is necessary. Insurance may be waived on request of borrower on specific format.
Other features: 1. Concession to Borrower from Tilller Company. 2. Rejection of application by Controller only. 3. Time for sanction: 2 weeks. 4. Finance only certified Tilller approved by Bank.
Eligibility: Unit with good reputation & credit worthiness. Holding valid license from concerned State Dept of Industries for installation of seed processing plants. Valid certificate from Seed Certification Dept. Doing business for last 3 yrs. Having receivables
8 SCHEME FOR FINANCING
SEED PROCESSORS To assist from the farmers and posted profit in last 2 years of operation. Facility: ACC (Hypo of receivables not older than 6 months). Loan Amount: Need based ACC limit min Rs 2 lacs, without upper ceiling. Interest: 1% < SBAR for limit Rs 2 25 lacs, Above Rs 25
lacs Pricing on CRA. No discretion in concessions in int to Circle functionaries. Margin: 40% of value of receivables. Repayment: Within maximum period of 6 months for each crop season i.e. Rabi & Kharif. Security: Primary- Assignment / Hypo of
seed processors against their receivables
receivables, Collateral- EM worth 1.5 times of limit. Documentation: AB 1 (Hypo Agree), From E (Gur Agree), D P Note & Delivery letter, Letter of Arrangement. Marketing Tips: High Value adv with lower transaction & supervision costs. Huge unexplored &
due to them from the seed growers.
untapped potential. High recovery rate in Seed Industry advance. Cross sell other products to these borrowers. (Indirect Agl Finance)
(Ref e-Cir 58/ 2006-07 datd 10.05.2006)
(NB: This scheme has similarity with Arthias Plus Scheme)
CONTRACT FARMING.
(Good example of Forward & Backward
Linkage) (Avoid middlemen & enjoy
hassle free loan with assured market)
10
11
12
WTO pact.
12
Eligibility
Proprietary & Partnership firms Cooperatives, Companies, APMC, Agro
Industrial Corpn.,
NGOs, Group of farmers, SHG
Individuals, Market Board etc.
Subsidy for renovation/ expan. Of rural
godown available only to Cooperatives.
Amount of Loan
Loan available on capital cost of
godown only, Bank may finance to
consumer shops, agri-clinics,
packaging, ware-housing etc, but no
subsidy;
Value of land not exceeding 10% of
project cost from part of owners
contribution.
For more details Refer Master eCir 147 dated 05.06.2009
Margin: 20-40%
ROI as applicable
Style of Account ACC
Repayment in 6-12 m
ROI As applicable to
Direct Agl Advance.
Disbursement &
Repayment
Repayment depending upon Cash flow, ordinarily
11 yrs incl. 1 yr grace period.
Bank to ensure technical feasibility, financial
viability & bankability of Scheme
Time limit for completion of Project from the date of
sanction 15 months.
Farmers keeping produce in godown are eligible for
pledge loan as per RBI direct. 75% of value, max5 lacs, for 12 month
As crop loans to farmers will be Crop loan may be granted to person availing
tie-up with large corporate/MNC ATL from other agency. Take over of Crop loan
upto 2 lacs. 80% loans against 1 month
collateral waived upto Rs. 2 lacs. receivables.Each contract farming Co. sign
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
13
14
15
17
excl dev
charges Investment on land
Max: Rs. 5 lacs as ATL
Purpose: For financing pvt cold storage/ warehouses for on-lending to farmers against agl commodities stored there. Eligibility: 1. Promoters are persons of good repute and integrity. 2. Storing capacity > 5000 MT. 3. Should be in good running conditions &
registered post-tax profits for last 3 yrs. 4. Conducts of all a/cs satisfactory & SA. 5. New one may be financed provided controller satisfied about promoters integrity & projects viability. Assessment of Credit limit: Limit 60% of the operating capacity or 60%
of the avg value of produce stored during last 12 months whichever is lower. Disbursal to the extent to 60% of the value of stored produce & belonging to farmers to whom on-lending has been done by the cold storage/ warehouse. No loans on > 6 months
WHR. Amount: Minimum Rs 25 lacs, Maximum Rs 100 lacs. Security: Primary- NIL, Collateral- EM of warehouse/ cold storage, collateral value should be 100%. Personal Guarantee of partners/ proprietor/ directors. Interest on CRA as applicable to Agl adv.
Units of SB4 & below should not be financed. Documents to be drafted by Corporate Law Dept. Renewal every year subject to satisfactory conduct of facility. Repayment: CC a/c should be brought into credit balance by the end of November each year till
next season. Inspection: Pre-sanction Inspection must. Post-sanction inspection monthly. Insurance: Full value of Building & stored produce by owners & bank to keep policy on record. Sanctioning Authority: Clean advance, thus sanctioned by CCC II or
CCC I. Other features: 1. S S of WHR signatory to keep in bank record, 2. Warehouse/cold storage as per NABARD norms, possess proper license and fitness certificate. 3. Company owned house to follow prescribed norms. ( e-Cir 592 dt 20.3.6.)
- Non-defaulting farmers from all
Back ended Subsidy (30%) & Loan
20% of the project cost.
Borrowers Non Cash contribution- sinking of well,
Security- Hypo. Of assets purchased DRDA is nodal agency to implement,
categories having min command area
(50%) components i.e.80% of the
ROI- As applicable to ATL
arranging filler material etc., will take care of
by Bank Finance.
monitor & review the scheme & release
of 2.5 acres.
project cost may be sanctioned &
presently wef. 01.01.04 Margin.
Doc. Arrangement letter, Form
subsidy. Dept. of MI is to specify technical
- Farmers having large holding desire
Disbursed.
<50000 9%, >50000 2 lacs
Maximum flexibility for repayment period to
AB1, AB2 (if guarantee), PDR Ann.
parameters & installation. NABARD
more tube well points.
9.75%, 2 5 lacs 10.25%,
accommodate all borrowers. Repayment 11 yrs
C (If AB2 not containing PDR Act
formulate scheme with SLBC.
- Availing only pumset not allowed.
Borrowers who had already availed
>5lacs 11.75% (Circo/ Adv/
incl. Gestation 11 months
clause).
BMs are primarily responsible for
subsidy under other GSS also
279/ 2003-04 dt 16.01.04)
launching.
(This is Planning Commission Project)
eligible.
Pump may be used for threshing,
20
13
Facility A Cash credit limit with photo ID card with name, limit &
validity and a Pass Book.
Amount Maximum Rs. 2 lacs. Assesment to be made under Nayak
Com norms with simple scoring model (min score 60%)
Margin upto Rs. 25000 : NIL, > 25000-2 lacs : 20%
ROI Upto 50000/- 1.75% below SBAR, over 50000 0.75 < SBAR
Revised guidelines on Loan & Subsidy (e-Cir 628 dated 09.12.09) Financing Pattern
Urban Self Emp Pr Urban Women SHG
Max Project Cost
Rs 2 lacs
No Max limit
Maximum Subsidy
25%, max Rs 50000 35%, max Rs 3 lacs/
60000 per person
Eligibility
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
14
line by ensuring sustained level of income
over a period of time.(In 3 yrs>Rs2000 pm
-To organize rural people into SHGs by the
process of social mobilization.
-To train income generating assets.
21
22
Repayment in 5-9 yrs depending upon acti-vities with Insurance-10000 for accidental death
moratorium 6 to 12 months.
of Swarojgari (age 18-60 yrs), 5000 on
multiple financing & generating 2000 p.m. after
natural death is paid to nominee.
repayment of loan.(Insurance 50 : 50)
Prime responsibility of the Bank to monitor
grounding, income generation & recovery of
the advance sanctioned within service area.
-Employed/ Un-employed urban youth
Maximum Rs. 50000/-, Margin 5%, Subsidy 15% max. 7500/-.
Intt will be charged on the loan component only. Documentation- Arrangement DWCUA Under sub-scheme- assisted poor
irrespective of age residing for at least 3 Selection by Local Urban Body.
Disposal of application- loan < 25000- 15 days, letter, PDR B, Letter of consent urban poor women (min.10) form a group for
yrs in city. Income- Below State BPL.
In partnership, higher project cost may be considered, each partner
>25000- 8 to 9 weeks. Training of beneficiary cum-guarantee & hypothecat., self-employment venture. Group should be
- Family identified on the basis of
shares upto 50000 and subsidy upto 15% or max.7500/ partner.
homogeneous, possessing a spirit of togetherDev Agency of Govt is must before
Individual loan agreement and ness, similar socio-economic character, mutual
Independent kitchen.
Backend subsidy with lock-in period of 2 yrs. Amt of subsidy may be
disbursement.
Target Gr.- SC/ST- in proportion to pop- adjusted for default loan only at the time of closure of loan. In case of
understanding and trust.. Gr set up as a thrift
Repayment within 3-7 yrs with gestation of 6-18 an Inter-se-Agreement
ulation, women-30%, Disable- 3%.
mis-utilisation of loan subsidy may be refunded.
and credit society. No ceiling on project cost.
m depending upon activity & income generation executed by members of the
RBI, Sept 04 - Subsidy Reserve Fund A/c will earn int as SB, which
Loan upto 50% of project cost, margin 5%.
Gr for carrying common activity Subs--50%/1.25lac+25000 revolv @ 1000 p B.
capacity.
may be adjusted against last few installment of the loan
Definition-SHG is a small, homogenous Agency involved in SHG Movement a. NABARD- Policy support,
Group assistance min. 6 months of formation of Gr. Security- Primary, Collateral &
Stages of SHG Development- Forming ( 0-2
affinity group of rural poor comprising
refinance and training, b. Banks- Credit support, c. NGOs.- Promotion, Recovery % is very high due to peer pressure of Gr. Personal and Gr. Guarantee.
months), Storming (3-4 m), Norming (4-5 m),
Agl lab., small & marginal farmers &
nurturing and linkage of groups with banks, financial intermediation,
Refinance by Nabard 100% of outstandings.
Documents for direct linkage- Inter-se- Functioning (6-12 months of Gr formation).
micro-enterprises, which is voluntarily
training to SHG members & functionaries d. TRAINING INSTITUTE
Loan as TL or CC but business shown in AGL.
Agreement, Appl form, Article of
Banks work as mere spectator during forming,
formed. It can be formal or informal.
Conducting training prog for their staff & undertaking studies.
Agreement, NGO-letter.
Observer in Storming, Financier in Norming &
Members save & contribute to a comm.- Amount of Loan- Max. 4 times of SHG Fund. Fund incl. Savings,
Incentives to Regd NGO (min 3 yrs old) Rs 750 as Doc. For Finance through NGOsCollaborator/ Financial Advisor/ Friend, Philoon fund from which small loans are met penalty, donations, interest, loan, and other income.
a. 50% on formation of SHG & opening of a/c with us. Application from NGO, Article of
spher and guide in functioning stage.
to the needy members as per group
Exemption of collaterals- Rs 5 lacs (industry) & 1 lac (Service&Bus) b. 50% after 3 months of Credit Linkage. Incentives to Agreement.
Beyond service area, approval of controller
decision.
Interest- As applicable in AGL segment, ROI 1% less when financed to be granted by GM. (CC Ref MF/NGO/2 dt 25.10.05) Del .of Power SMG IV : 5 lacs
not required.
No. 10-20 ( may be reduced to 5 in
NGO (who may charge max. 1.5%+)
Subsidy- PMRY: Rs 15000 per member,max 1.25 lac (SGSY)/ 3 lacs (Bank), III : 4 lacs/ 3
Hilly, Tribal area/ Disabled/ Minor
SBI is 1st commercial Bank to assign the status of Self Help
lac, II : 2 lacs/ 0.75, SAB 1lac/ 0.5 lac
Irrigation
Promoting Institution (SHPI) by NABARD.
Eligibility: All matured SHGs having a. developed proper group dynamics; b. reached 3 rd level of credit linkage and enjoying credit limit of Rs 50000, c. regular repayment, and d. At least 2 literate members to operate the a/c. Credit Limit: Maximum 4 times
of SHG corpus. Higher loan may be considered on viability of the proposal. Margin: Gr corpus treated as margin. Security: Hypo of assets created out of loan. Documents as in SHG. Validity: 3 yrs, subject to satisfactory annual review. Insurance: as per
banks norm. Issue of Card: Both cards contain details of group, their a/c, authorized signatories, names of Gr members. Cards issued alongwith passbooks free of cost. Other features: SHG Credit Card 1. Limit Min Rs 50000. 2. Facility CC. 3. SHG
can withdraw upto eligible limit to be reviewed annually. 4. No cheque, Drawal by slips. SHG Gold Card issued only for carrying economic/ income generating activities 1. Limit Min Rs 2 lacs. 2. Facility TL, repayment as per economic activity.
For more details refer e-Cir 331 dated 13.09.2006.
Microfinance has been recognized as an effective medium for Financial Inclusion and SHG-Bank Linkage model of microfinance has been accepted not only a successful vehicle for delivery of credit to the poor but also as viable proposition for thr Banks.
Definition of Tenant Who takes a lease or holds land from other and is liable to pay rent for the piece of land. Oral lessees: Tenancy without legal sanction and permission or written agreement. Sharecroppers: Tenant who pay rent to landlord by sharing
crops. JLG Joint Liability Group: An informal group comprising preferably 4 to 10 individualsengaged in similar economic activity like crop production, coming together for purpose of availing bank loan either singly or through group mechanism against mutual
(Direct AGL Finance under Priority
gurantee. Criteria for selection of JLG Members: 1. Members having similar socio-economic status and background carrying out farming activity and agree form a JLG. 2. Gr organized by like-minded farmers not imposed by Bank. 3. Residing in same area
Sector)
should know and trust each other. 4. Engaged in agl activity > 1 yr within area of operation of the branch. 5. Not be defaulter of any FI. 6.Only one member from a family. 7. Active member to ensure leadership role. Size of JLG: Preferably 4 to 10 may be
R : To augment flow of credit to considered upto 20. Formation of JLG initially by our staff, if not engage Business Facilitators, Individual Rural volunteers or NGOs giving incentives. Subsequently, discuss the Banks regulation, lending process, principles of SHG, Group cohesion &
tenant & small farmers forming JLG.
dynamics. State Agl Dept may also form JLG and provide techno-help like soil testing, market information etc. Savings by JLG: Voluntary, encourage to open an indvidual No Frill a/c under SBI Tiny. JLG choosing savings and credit operation both through
- To extend collateral free loans to group mechanism, SB a/c will be in name of JLG operated by 2 members. 2 Models of JLG: Model A Financing to Individuals, all to execute one inter-se agreement (making each jointly & severally liable for repayment of all loans taken by all individuals in
JLG
the JLG). Model B Financing to Groups. One loan with combined credit requrirement of all its members. Critical Factors in JLG: 1. Concept depends heavily on mutual trust within Gr and on peer pressure for repayment of loans. 2. Quality of leadership is
- To build mutual trust & confidence important for sustainability of Gr. 3. Single purpose, not multifunctional Gr. Credit Assessment: Model A JLG prepares a Credit Plan of its individuals and an agreggate. Bank assess on type of crops, size of land and credit absorption capacity of the indvidual.
between Bank & tenant farmers.
Model B JLG undertakes savings apart from credit and maintain books of accounts, grading by Bank on basis of performance. Quantum of loan not linked with the Groups savings as in SHG, but on combined credit needs of individuals. Purpose: Crop
production, consumption, marketing and other productive needs. Facility: ACC, ATL or KCC depending upon purpose. Loan Amount: Max Rs 50000 per indvidual both under Model A & B. Interest: As applicable to SHG. Margin & Security: Margin as per usual
norms. Mutual Gurantee, no collaterals. Documents: Model A DP Note & DPN Delivery letter, JLG 1,2.3 & 4. Model B As applicable to SHGs. Crop Insurance by NAIS (National Agl Insurance Scheme) Rastriya Krishi Jama Yojna to all farmers growing
notified crops in India. Ref e-Cir 451 dated 29.09.2006. In appraisals points to be recorded: 1. Written/ oral arrangement of tenant amt, crop share, lessee amt with landlords to be ascertained. 2. Period of lessee, tenancy & share cropping. 3.
Economic viability to be established on expected ability of the farmer to produce, avg slae price of last 3 yrs & amt to be paid to the landlord o/a of tenancy/ lessee/ crop share & other liabilities. (Refer e- Cir 289/ 03.08.2009).
14
Appraisal, Disbursement & Repayment Security/Document/Insurance Other Features & Ref Circulars
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
15
25
26
31
15
Type of loan Cash Credit (Hypo. Of of book debt not older than 6
months)
Quantum- Maximum Rs. 25 lacs.
Margin 40%
ROI (Monthly) Under AGL/ SBF- Upto Rs. 2 lacs 0.5 below SBAR,
> 2- 10 lacs SBAR. Under C&I- >10-<25 lacs- 11.60% p.a. based on
credit rating, 1.10% to 2.5% over SBAR.
Pre-requisite: Society has necessary borrowing powers and resolution to avail loan from SBI. Eligibility: 1. Regd Milk Society with A grade in last audit. 2. 1000 litres supply of milk to Milk union per day. 3. Audited Balance sheet
of last 2 yrs. 4. Pre-tax profit of last 2 yrs. 5. No dues certificate if any loan. Facility: ATL Classification: Indirect Agl Finance. Amount of Loan: Based on Project cost, but max 4 times of avg profit of previous years. Sub-ceilings
are 1. To construct Milk house/Office Rs 2 lacs. 2. Purchase of automatic milk collection system Rs 1 lac. 3. Purchase of Milk transport vehicle Rs 3 lacs. 4. Bulk chilling unit Rs. 4.00 lacs. Margin: 15%. Appraisal: No
separate appraisal as loan is linked to pre-tax profit of the society. Security: Primary Hypo of assets created out of Bank Finance. Collateral Mortgage of landed property or Guarantee of Milk Union. Repayment: 60 EMIs with
start up period of 6 months. Documents: As applicable to ATL, Tie-up arrangement with Milk Union and an undertaking from them to deduct & pay installment. Application, Discretionary powers, Interest, Insurance & Inspection
As per extant instructions. (Source: SBI Times)
Experience of running poultry, having a ATL < Rs 3 lacs per 5000 birds. Max Rs. 9 lacs. Rearing Period:7 week Disbursement in stages for sheds, For equipment
Security - <Rs 50000 : Hypo of assets by Bank Finance, > 50000 : Hypo of assets +
source of potable water (Contract farm) Margin < Rs. 50000 Nil, 25% > Rs. 50000. DSCR: 1.40 (SBI Times) direct to Supplier. Repay 5 yr, Moratorium 6 month EM or RM of land of Shed & other infrastructure to cover min 50% value of advance
Purpose: To finance traders against warehouse receipts of CWS/SWC warehouses accredited by MCX. Eligibility: Any traders dealing in commodities. Amount of Loan: Demand loan or (Cash Credit) 75% (70%) of the market value of warehouse receipt or
80% (75%) of min support price declared by State/ Central Govt, whichever is lower. Cash Credit for limit Rs 1 cr & above. Margin: 20-25% (as above). Interest: DL< Rs 10 lacs - 0.50 below SBAR, > 10 lacs 0.25% below SBAR. C C 0.25% > SBAR min
13%. Based on competition & strengths of proposal, ZCC may reduce 25 bp (10 25 lacs), 50 bp (> 25 lacs). Processing charges: CC- Rs 300 per lac, DL Nil, when sanctioned & disbursed, otherwise Rs 300 per lac. Comprehensive Insurance, cost born by
Borrower. Security: Primary- Charge over warehouse receipt endorsed in fav of bank. Collateral- Personal Guarantee. Repayment: Self-liquidating, as & when produce sold not exceeding 12 months. CC on demand. Moratorium: None, Int as & when due
would be payable. Other features: Branch to verify the authenticity of the receipt and get its lien noted with warehouse before disbursal. Inspection of commodity before disbursal & subsequently at 3 months. Margin shall be topped up on fortnightly basis
(Immediate topping if price move > 10% in opposite direction). (Ref e-Cir 574/ 2005-06 dated 10.3.06, revised vide e-Cir 299/24.8.07)
Qualification SSC/ 10th pass
Type of facilities : Composite Loan
The cost of scheme is estimated at Rs. 59000/-. The Primary : Hypothecation of asset
Processing fee waived
Age : 18-45 yrs, Should possess basic Amount of Loan : Rs. 50000/Max permissible bank fianc is Rs. 50000 and rest will purchased from Bank finance.
N-Logue, a NGO comprising from specialist
computer knowledge.
Margin : Rs. 9000/be the margin which has to met either from own
Collateral : NIL, can be brought under
from IIT Chennai has designed this scheme
Presently introduced in Ahmedabad,
Rate of Interest : 0.75% below SBAR
sources or from KVIC Margin Money Scheme.
CGTSI Scheme
CHIRAAG kiosk at rurals for e-governance.
Banglore, Chennai, Hyd & Mumb circles.
Repayment : 36 to 40 monthly instalments
Documentation : Composite Loan Agr. Subsidy of 25-30% if take up under KVIC sh
-Individual/ Partnership/ Ltd. Co/ Trust. Type of Loan: Medium Term Loan & Cash credit.
-Minimum DSCR 1: 1.5
Primary- Hypo of Assets financed.
-Processing charge 0.5%, Min Rs 500 &
-Promoters should min. MBBS/ BAMS/ Loan Amount: Max Rs 5 crs with subceiling a. 10% of total loan amt
-Max repayment 7 yrs with moratorium 12 months
Collateral- No need for tangibles <
Max Rs 50000
GAMS/ BDS/ BHMS & registered
for loan < Rs 1 cr, b. 5% of loan > Rs 1 cr min 10 lacs.
Disbursement: Multiple within 24 months from the
15 lacs (Allopath),< 10 lacs(Others)
-Simplified scoring model- min 50% for limit
practitioners
Margin: Loan Upto Rs 5 lacs 10%, Above Rs 5 lacs 15%.
date of sanction as per schedule.
Per Guarantee or TPG twice the
< Rs 25 lacs, > Rs 25 lacs 5 crs: CRA
-Key promoters should be qualified
Documents. WC- Hypo of Stocks & Book debtsloan. For > Rs 10/ 15 lacs- 25%
rating, min SB 4
doctor.
Rate of Interest: Based on scoring model
DP note, DPN del.let, Form K modified, Form I,
tangibles & Per Guarantee of
-Inspection- HY, monitoring to ensure endCircle may reduce margin & interest by 0.5% on merit.
CosSSI28. TL-MTL Agr, G. Agr, Vehicle-HPTer
Promoters.
use of fund.
Insurance- Of financed assets &
Ref Cir. Circo/adv/237 dt. 16.12.04
Comprehensive ins of vehicles.
Revised by e-Cir 24 dated 11.4.07
Eligibility
Individual/ partenership/ corporates/
trusts. Brs 31 centres incl. Patna and
Ranchi are identified. Other centres
may be included as potentialities.
Type of facility Term Loan
AGM(BP-DB) will be the resource
person for this product.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
16
Siemens from
doctors in private
practice, nursing
homes, hospitals,
diagnostic
centres
preferably
banking with us
& refer to us.
Relaxations in Sanctions above Rs 25 lacs: Margin reduced to 10%. DE Ratio not applicable. Intt 1% below SBAR min 9.25% irrespective of CRA. Collateral- TPG of Promoters & PDC. Up-front fee: 1% may be waived by GM. Repayment max 6 yrs, Moratorium max 1 yr. (Ref CC/SME/03/05-6 dt 18.7.5)
-A laminated credit card with passbook serves
33 SSI- SWAROJGAR CREDIT CARD
Small artisans, service sector, Facility- Composite loan incl. T L & revolving Cash credit. The WC in form of Revolving CC fixed at 20% of the -No collateral security
(scc)
Projected Turnover; Consumption credit- max.20%.
as an I card &also facilitate to record tranxns.
TLfor
investment
need,
CC-fixed
on
operating
cycle/
nature
of
investm.
handloom weaver, fishermen,
-Composite loan Document
-To provide adequate & timely credit incl
Total limit on Projected net earning & repay capacity.
-SHGs liable jointly & severally for repaymnt.
QuantumRs
25000-30000
per
borrower.
self-employed
person,
rickshaw
Group
Insurance
Schemepremium
a reasonable component for consumption
Validity- SCC card is issued for 5 yrs subject to
-Processing charges waived
needs to small artisans, , self employed owner & micro- entrepreneurs.
satisfactory operation & renewed yearly thru simple shared by Bank & borrower equally.
-No subsidy from govt under scheme.
etc from banking system in a flexible,
- possible cluster approach preferable. Interest- 1.75% below SBAR
review. Repayment- TL within 5 yrs in suitable install. -Progress Report at BLBC & DLBC
-No drawal in CC if not repaid within 12 month.
hassle free and cost effective manner.
Revolving CC payable < 12 m from date of drawal
Ref. Corp Centre Draft DB/SSI/4 dt 31.12.03.
-Small Industrial units, Retail traders,
Maximum Rs. 10 lacs. Min score 60% (36 marks)
Primary Hypo. Of stock, machine or
-Cumbersome procedural aspects reviews
A photo card indicating limit & validity of
Professional & Self-employed and small Assesment- For small business, Retail Traders- 20% of annual T O
office equipment. Collateral- SSI NIL & renewals, submission of FS / SS are done
the
limit
is
issued.
Withdrawal
by
cheque.
SBF- < 25000 NIL, > 25000 Charge away, Credit delivery made simple & easy.
-A new & friendly credit product to cater the business enterprises having satisfactory declared for Tax purpose or last 12 m T O of operative a/c, which is high
track record of 2 years.
For professional & Self-employed- 100% of gross income as per IT ret. Repaymentover movables/ immbles or 3rd Party G. Validity- 3 yrs, subject to annual review and
need of small business, industrial unit,
W
C
is
subject
to
annual
review
provided
-Units
with
other
banks/
new
with
For
SSIs
incl
tiny
sector
as
per
Nayak
Com.
Collaterals may be waived in case of
satisfactory conduct of the account.retail traders, artisans, SSI & Tiny units.
Inspection HY, monitoring to ensure the
cr summation of a/c is not less than 50% excellent track record.
R To provide hassle free financial support excellent credentials and performance. Margin Upto RS. 25000 NIL, >25000 - 20%
-Term Loan upto Rs. 5 lacs for shop
-All eligible loan a/cs under SSI will
use of funds.
who have shown commitment to run the
Interest As applicable to the market segment.
of projected sales, if so repay in instalmnts qualify for cover under CGFT scheme. end
Ref. Circo/ adv/ SSI/ 54 & 295 of 2002-03,
unit successfully and who are dealing with under small business enterprises.
Refinance
No
refinance
to
be
claimed
from
SIDBI.
TL
is
repayable
in
suitable
install
in
5
yrs.
and Circo/ adv/ 11 & 24 of 2003-04.
bank for the last 2 years.
Collteral free loans upto Rs 5 lacs to MSEs (Micro & Small Enterprises) both Mfg & Service sectors as defined in MSMED Act. In all eligible cases, Bank has to obtain CGTMSE cover. Advance to Retail sch not covered by Guarantee cover (e-Cir 638/ 22.01.09)
-Existing borrowers classified as SA
-Special Credit limit to the extent of 20% of agg fund based WC
Primary Nil. Available Coll will be
-Limit renewed once in yr alongwith WC.
Unit is free to use fund for 12 times a year
35 SME CREDIT PLUS SCHEME
-To meet the unforeseen expenses of
as on 31st March for the last 2 years,
max. Rs. 25 lacs.
extended to cover cr + scheme.
-Other term & conditions as per dis power,
with min gap of 15 days & for max period
SSIs (like repairs to machines, tax pay,
-Unit with WC Rs. 25 lacs & above &
-Advance be made by way of clean cash credit limit without DP or
Additional collateral may be
interest, doc, insurance, inspection, IRAC
of 2 months at a time. A Pass Book with
labour pay, addl purchase of r m for
CR SB 4.
cheque book. No need of 2 running a/cs.
obtained, but it is not compulsory.
norms as per Banks extant instruction.
details incl mirror account will be issued.
execution orders) with excellent record.
-New unit also as decided by Sanc A.
-Unit assess requirement & credit its CC a/c.
Ref. Cir. Circo/CPP/Adv/ SSI/15 dt.1.8.01.
-All seg borrower incl Agl except PB.
- Sanction of WC for 2 yrs subject to annual review (e-Cir 753/29.3.8).
-Individually managed proprietor/
Minimum Rs. 5 lacs Maximum- Rs. 50 lacs. (e-Cir 403dt 23.12.05) Scoring- based on set of characteristics-personal(30) Documents as applicable to S & M
-A suitable application form is designed to take
36 SME SMART SCORE SYSTEM
-To introduce a credit scoring model
partnership units or pvt/public co Small Loan 20% (SSI) or 15% (Trading) of Projected sales or 67% of Project business(50), collateral (20) = 100 marks. Qualifying Industrial and trading enterprises in
care scoring model.
system to simplify the approval process & & Medium industrial and trading
(Not more than 125% of last year sales). Pricing Interest: See Page: score is 60 with min 50% in each groups.
C&I and SIB.
-Processing fee for WC- >5 lacs- 250 per lac
cut down delays in credit approval, thereby enterprises above Rs. 5 to 50 lacs.
Latest Interest Rates. CRA will not be applicable for all loans under SME Repayment TL max 5 years, excl gestation 6 m.
or part therof.
improve our Small & Marginal Enteprises (Ref e-Cir 403 &NBG/SMEBU/20/2005- Smart score. Non-fund based can be based on Sanctioning Authority
WC- subject to renewal every year. Override- Loan Ref Master e-Cir 389 dated 10.09.09. -Up-front fee for TL 1% of the loan.
adv portfolio in terms of quality & size.
06 dated 23.12.2005)
judgment. Margin - 33% (TL), 25% (WC).
not approved can be considered under existing asseRef. CirCo/ Adv./13/ 2003-04 dated 17.04.03,
-Promoters age below 66 yrs
sment & appraisal on specific considerations.
e-Cir 403 & NBG/SMEBU/FLO/20 dt 23.12.05.
Women enterprise 51% of capital of women and business managed by women. It is obligatory for entrepreneurs to undergo Entrepreneur Development Programme (EDP) conducted by Bank/ Govt. (It may be waived to those who have required experience/
37 STREE SHAKTI PACKAGE SCHEME
(SME BUSINESS) Introduced in 1988 to qualifications in the field of activity. Under the package Concessions in margin 5% lower than usual in case of Retail Traders, Business Enterprises, Professionals & SSI. 0.50% concession in interest on loan above Rs 50000 to Rs 2lacs for Business
promote entrepreneurship among women. enterprises, Private Retail Traders & Rs 25 lacs to others women entrepreneurs. Interest Concessions may be extended to Working Capital/ TL limits and Composite TL. (Ref e-Circular 254/ 2005-06 dated 19.09.2005)
Discretionary power as applicable to Term loans Primary- First charge on asset created -Processing fee- as applicable to SSI/C&I
38 CORPORATE LOAN (C&I & SSI) Existing customers in C&I and SSI Minimum Rs. 25 lacs Max. Rs. 10 crs for non-corporate
Repayment - 3 yrs (e-Cir 349/ 28.09.06) but may
by Bank finance or extension of first
-At any point of time a unit can avail
with SB1/ SB2/ SB3 (SB4 after
borrowers. No cap for Corporate Borrowers.
To repay high cost debt, VRS scheme,
charge on current asset.. Collateralmaximum 3 corporate loans.
acquisition of trademarks, patents, facing administrative approval)
Margin Not applicable. ROI - One step higher to applicable be extended to 5 yrs.
Documentation As applicable to clean term loan in Per Guarantee of Promoter, Pariliquidity crunch or shoring up of net
-Credit worthy non-customers with CRA rate. Reset Interest clause once in 2 yrs on both Fixed and
the respective segment.
passu/ second charge on fixed asset. (Master e-Cir 349 dated 28.09.2006)
working capital etc. (A/c Clean TL)
opinion report from their bankers.
Floating Corporate Loans.
16
Standard appraisal format for WC/ TL based on suit- Primary- Hypo of CA & FA. If loan to
able repayment capacity; Projected Profit for 3-5 yrs purch/ renovate immovables, e. m of
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
17
PURPOSE TERM LOAN.
(FLEXI LOANS FOR SMALL BUSINESS
SECTOR)
15% of FB Max 2 cr, Domestic 10% FB Max 2 cr, 10% of NFB Max 1 cr)
Period- Max. 60 days at one time& after this grace period of 15 days,
but a/c reported as irregular during grace. No restrictions in no. of
Ref. e-Circular 348/2005-06 dt 24/11/2005
times SLC available in Calendar year.
e-Cir 348 & CCO/CPPD-SLC/62 dt 24/11/05,
Interest- Additional int of 1% above regular WC facility (No concession).
e-Cir 510 dated 15.02.06
Eligibility: Borrowers rated SB 3 & above, 5 years of existence & earned profit in last 3 yrs, TOL/TNW above 2.5 not eligible. Purpose: For following capital expenditure related to regular business activity Expansion & modernization, R&D, Installation of
captive Power plant & upgradation of technology, renovation of factory/office, acquisition of software, tools etc, purchase of cars & other vehicles, replacement of old machines. Amount of Loan: 2 times of the residual cash accrual during last yr of operation,
subject to max Rs 5 crs for Corporates and Rs 2 crs for Non-corporates, Avg DSCR > 1.75, Both Fund and Non-fund limits within overall STL Limit. Margin: 20% Repayment: 5 years incl moratorium. Sanction of Limit: obtained for all eligible borrowers
along with regular Fund/ NF based WC. No separate assessment/ special justification is required for SLC (TL). Validity of Sanction: 12 months from date of sanction. Frequency: SLC-TL may be sanctioned at each review/ renewal of WC based on fresh
assessment. Security: Primary- 1st charge on the specific assets created out of bank finance. Collateral- Extension of existing charge on fixed/ current assets, Personal Guarantee & Pari passu first charge on all fixed assets. Documents: Common credit
documents. In case of Consortium, separate TL document. Release of Funds: Branch Head can release TL only after scrutiny of Financial Papers, FFRs etc any no. of times within sanction STL-TL Limit. Reporting of release of limit to controller time to time.
Interest: CRA based, 1% higher than normal loan without any concession ( e-Cir 510 dt 15.02.2006). Upfront Fee: 1% of loan.
(For further details refer e-Cir 348 & CCO/CPPD-SLC/62/2005-06 dated 24/11/2005 for both SLC TL & WC)
Unit already enjoying min Fund base
Disbursal : Any time except when a. limit overdue for Security Hypo of vehicles financed Processing/ upfront fee : NIL
10% of Fund based limit not exceeding Rs. 25 lacs.
limit of Rs. 1 cr. Credit rating SB 3/ SBTL
b. a/c irregular c. conduct of account not
Insurance & Documentation - As
Margin 20% ROI 1% above SBAR (can be reduced renewal
3 and above.
satisfactory Repayment : 60 months in monthly or
applicable
to SBAR by DGM)
quarterly instalments.
Short Term Loans for Working Capital: Eligibility- Borrowers rated SB3 & above. Purpose: Working capital
Short Term Loans not linked to working capital limit: Eligibility- Borrowers rated SB 3 and above. Purpose: Short Term Loans outside
needs. The short-term loans for meeting regular WC requirements to be carved out from existing WC Limit.
Assessed Bank Finance (ABF) sanctioned for meeting contingencies like delay in realization of receivables, bulk purchase, capital expenses
Quantum: Minimum Rs 10 cr but not more than 75% of the sanctioned WC limit.
within 12 months, payment of bonus or bridge loan, purchase of machinery & vehicles etc. Quantum: Minimum Rs 10 cr or max 50% of the
(Ref e-Cir 583/ 2005-06 dated 14.03.06)
residual anticipated cash accruals during the period of loan, after deducting proportionate amt of other repayment commitments.
For C&I
borrowers on a case to case basis for WC
or general com purposes for 3- 12 months,
as no specific instructions in this regard.
Sch since withdrawn (e-Cir 371/18.10.06)
Other features: Period: 3 to 12 months. Interest: Equivalent to 3 months MIBOR min 8%. Interest reset clause applied at the end of every 3 months. Disbursement in one lot, no partial disbursement. Roll over of loan for more than one time not permitted. Repayment: Bullet Payment. Penalty 2%
p.a. for delayed payment. 2% Pre-payment penalty on the pre-paid amount for the residual period. End use: is in line with the declared purpose. Security: Nil if STL carved out from overall WC Limit & if outside the ABF clean loan or adequately secured. (Ref e-Cir 583/2005-06 dated 10.03.2006)
45. Traders Easy Loan (Mortgage Loans for Traders renamed): All Brs of all Circles. Purpose : To provide hassle free finance to borrowers in trade and service sector who are willing to furnish mortgage of property of adequate value for acquiring fixed assets for business or building inventory or Current
assets. Eligibility: Existing customers, New incl takeovers, First generation entrepreneurs/ promoters of existing units for purpose of setting new units. Category of Borrowers covered: a. Small Business Enterprises b. Retail/ Wholesale Traders c. Professional and Self Employed. Loan : Min Rs 25000 Max
Rs 5 Crs. Facility : CC, OD, TL, DL Assessment of Bank Finance: Loan not to exceed 90% of total worked out requirement or 65% of the value of collaterals offered, whichever is less. Loan will not increase with the increase in value of the mortgaged property. Margin: 35% of the realizable value of the
property (Valued by an approved Valuer, Report not more than 3 m old) . Sanction : As per delegation of power. WC facility valid for two years, however reviewed annually by BM on conduct of a/c. At the time renewal/ review, if the limits are assessed to be less than the existing limits and the borrower is not in
position to repay the excess amount within 90 days, a DL may be allowed within max 24 EMIs. Stock Statement & Inspection: In case of inventory or Current Assets, Stock statement at quarterly intervals end of Feb, May, Aug & Nov each year, however frequency of inspection will be Half Yearly. Interest:
Competitive, quite liberal, CRA dispensed with; For CC 0.25 < SBAR, TL 0.5% > SBAR. Operation of Account: CC or DL Credit summation atleast 50% of declared sales turnover, renewable after 12 months. DL or TL Monthly repayment, simple annual review. Request of restoration of limit under
repayment option may be considered after expiry of 6 monthsand satisfactory conduct of account. Repayment: TL max 60 months in M / Q/ HY basis based on cash flows Security : Tangible of mortgaged property min 154% of Loan Amount + Primary Insurance : Full value with Bank clause. Processing
charge: WC (FB + NFB) Rs 25000- 2 lacs (Rs 300), Rs 2 100 lacs (Rs 300 per lac), Above Rs 1 Cr Rs 250 per lac, TL > 2 lacs Upfront fee 1.5% of loan (CCC may relax upto 50%)) Documentation : Arrangement Letter, Hypothecation Agreement & / or TL Agreement as applicable in Trade & Service Sector.
Source : NBG Bull Apr05 & e-Circular 79/ 2005-06 dated June 15, 2005 & e-Cir 388 & NBG/SMEBU/19 dated 15/12/2005 and e-Cir 681/ 2006-07 dated 06.03.2007. For Rice Mills Loan Amount raised from Rs 1 Cr to Rs 5 Crs (e-Cir 307 dt 30.08.08.
Type of facility CC with a sub-limit for LC if required.
To improve the credit flow to T & S Sector, a financial Primary Hypo of stocks & receivables Processing fee- as applicable to C&I.
46 WORKING CAPITAL FINANCE UNDER -Units in C&I Segment
TRADE & SERVICE (C&I) To meet WC
Amount of Loan 15% of Projected Annual Turnover which should not based on the Annual turnover rather than on
Collaterals- Immovables not necessary **In case the proposal does not fit into the
--With
profits
at
least
in
requirement of Retail & Whole sale traders
be more than 125% of the turnover in the previous yr subject to
inventory build up has been designed. A credit limit
if cash collaterals (NSC, KVP, LIC etc) turnover based model of credit assessment,
in agl & industrial commodities, Dealers in preceding 3 years
maximum of Rs. 5 crores.
equal to 15% of the Projected annual turnover can be charged to the bank & guaranteed by the traditional method of projected balance
-CRA Rating SB4 and above
consumer durables/goods, vehicles,
Margin 25% ROI As per credit rating. A concession of 0.5% when fixed if projection > 25% increase in actual TO of the holders of security (e-Cir 386/
sheet method may be adopted.
showrooms etc.
at least 75% collateral coverage.
preceding year**. DP based on 25% margin & Stock 30.10.06)
Marketing- Both Retail & Wsale,Concessional
stat. Repayment On demand
Documentation As applicable
Interest, only 33% collaterals, SB4 rating,
17
Eligibility
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
18
47 WORKING CAPITAL FINANCE TO
No administrative clearance is
needed if limit granted by CCC-II and
above, otherwise, AC of CCC-II
needed.
Primary NIL
Processing charge Rs. 10000 flat from each
Collateral Personal G of Promoter(s), dealer
Omnibus First Loss Deficiency
Guarantee form from Industry Major
Projects are appraised and assessed as like Banks All as per Banks prescribed norms.
regular scheme & norms.
Back ended margin money subsidy is kept as TDR for
2 yrs & credited to loan a/c after 2 year of first
disbursement.
Target Gr.-All educated (8th passed) un- Activities- All economic viable activities incl agr & allied excl direct agl -DIC/ SISI identify & forward the application to Bank. Hypo./mortgage/pledge of
Subsidy Management- GOI passed subsidy
employed youth. Preference to women,
operations like raising crop, purchase of manure etc.
-Bank to satisfy about viability & bankability of projct.
to banks in advance through RBI. Subsidy part
bank financed assets.
ITI passed, with 6 m Govt tech course.
PROJECT COST- Max Rs. 2 lacs (Business & Service sector), 5 lacs -WC is determined on actual requirement to avoid
kept as FDR for TL duration, min 3 yrs, from
-To provide employment to educated &
-No collaterals for Industrial
Age- 18-35 yrs, 45 yrs-SC/ST/PH/ExS/
(Industry). Margin- Normaly 5% of project .
under-financing, which may lead to sickness.
last disbursement of the loan. No interest on
poor unemployed youth by setting up
project upto Rs. 2 lacs and
womenEducation- Minimum 8th passed. Subsidy 15% of the project cost max. ceiling Rs.12500 per borrower. -Bank to disburse amount incl of margin money
loan-representing subsidy amount.
micro-enterprises for industries, services
Annual Family Income- < Rs 1 lac
Subsidy to SHG Rs 15000 per member, maximum Rs 125000/deposited by borrower.
-If loan is closed prematurely/ misutilisation/
business
&
services
sec
1
lac
.
and business all over the country.
Residency- permanent for 3 years.
Joint Ventures/ Partnerships Project Cost < Rs 10 lacs. Gr activities
Repayment- 3 to 7 years for TL component after
abandonment of project, no subsidy available.
PMRY replaced by PMEGP (See in New Others- No defaulter in family; Only one to be encouraged as its better chance of success due to back up supp- initial moratorium on nature & profitability of venture. -No collaterals upto Rs. 5 lacs in part- - Training Expenses (born by DIC)
nership
units
in
tiny
sector
&
SHG
(no.
Products) wef 01.04.2009.
member of a family in this scheme.
ort and marketing linkages. Loan & subsidy will be in proportion.
WC limit to be reviewed periodically.
enhanced from Rs 2000 to Rs 2500.
5 to 10) engaged in industry.
53 DIFFERENTIAL INTEREST RATE (DIR) Purpose: For productive activities, pursuing higher education by indigent students, purchase of artificial limbs, hearing aids, and wheel chairs by physically handicapped. Eligibility: 1. Family Income not to exceed Rs 24000 p.a. in U/ SU area, 18000 in Rural.
SCHEME (1971) To assist poorest of the Family includes husband, wife and minor children. 2. Land holding not to exceed 1 acre of irrigated land or 2.5 acres of Non-irrigated land. SC/ST populations are eligible for loan irrespective of their land holdings. Quantum of Loan: Rs 15000, HL purpose
poor to bring them above Poverty Line.
20000. (HL under DIR to SC/ST Product code- 6250-2411-e-Cir 765/ 15.02.10). Target: Min 40% to SC/ST beneficiaries & 2/3rd to be routed through R/SU Branches. Overall Bank exposure in DIR 1% of the loan. Subsidy: Not Available. Margin: NIL.
-Weaker Section of Adv under Priority Sec. ROI: 4% p.a. at simple rate. Security: Hypothecation of assets created by bank loan. No Collateral. Repayment: 5 years. For more details refer Master e-Cir 56/ 2009-10.
EXTENT OF GUARANTEE COVER (Amount in default)
G Fee:Upto Rs 2 lac absorbed by the bank,
Annual Fee Upto Rs 5 lacs: 0.5% -Scheme is managed by CGFT for Small
54 CREDIT GUARANTEE FUND TRUST for -All new & existing Micro & Small
Micro & Small Enterprises (CGTMSE)
enterprises (Mfg and Service sectors)
Rs 2 lacs to Rs 5 lacs 1%, > Rs .5 lacs 1.5%. of agg loan limit, Above Rs 5 lacs: Industries formed by GOI and SIDBI.
Loan upto Rs 5 lacs
>5 - 50 lacs
>50- 100 lacs
-To provide guarantee in respect of credit -All fund & Non-fund-based credit
(e-Cir 258 dt 06.08.08)
0.75%, to be paid to CGFT for Small -Apply within end of next Quarter from
Micro-Enterp
85%
75%
Rs.37.5 lacs+*
facilities granted without any collateral
facilities upto Rs 100 lacs without any
SSI Loan under CGTSI 0.5% more int to be charged industry by debit to borrowers
sanction. Locking period 18 months.
Others
75%
-dosecurity and/or Third Party Guarantee
collaterals &/or TPG.-All proposals > Rs
Scheme extended to Non-SGSY-SHG members
account by 31 May every year.
(Master Cir. NBG/SMEBU/CGTSI12 dt 27.8.5.
Women/NE Rg
80%
Rs 40 lacs+*
50 lacs to be rated internally (e-Cir 636) *+ 50% of default amt > Rs 50 lacs, max Rs 62.5 lacs/ max 65 lacs individually.
Revised vide e-Cir 214/ 19.7.7)
18
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
19
55 EQUITY FUND SCHEME TL
Purpose: Interest Free assistance by way of Term Loan to meet the equity need of the entrepreneurs. Limit: Minimum Project Cost Rs 25000, Maximum Project cost Rs 4 lacs, Minimum assistance Rs 5000, Maximum assistance Rs 1 lac. For Deserving
Professionals & Self Employed max assistance Rs 50000. Margin: Min 10% (EDP Trained 5%). Repayment: Moratorium 5-7 yrs after which repayment 5-7 yrs. Security: Nil, only extension of charge on the asset created out of the bank funds.
Objective: Technically skilled Entrepreneurs having managerial capacity & good character, Degree/Diploma, sufficient experience but no fund to run the project. Project Cost/ Limit: Maximum Rs 20 lacs, to be approved by Consultancy cell. Margin: Nil < Rs
5 lacs, > Rs 5 lacs 10% on amt above Rs 5 lacs. Repayment: WC on demand, TL 5-7 yrs. Interest: Concession applicable for 3 years after that normal interest rate will be charged. In deserving cases, Equity Fund assistance may be extended.
Eligibility: All Types of industries registered under SSI, having cost in Plant & Machinery not more than 100 lacs. Limit: Need based Margin: < Rs 25000 Nil, > 25000 to 5 lacs 20%, > 5 lacs 25%. Repayment: WC on demand, TL 5-7 years.
Appraisal, Disbursement & Repayment Security/Document/Insurance Other terms & Ref Circulars.
Loan upto Rs. 2 lacs & above now all reported under SBI Paryatan Plus DSCR min. 1.5. License is mandatory, if required
Primary Hypo of financed Assets.
-Wherever feasible, tie up with Raj
For luxury coaches upto 10 vehicles, loans under Transport operator sch locally.Take over permitted with approval of CO.
Collateral Immovables, TDRs NSCs, Tours&Travels, Thomas Cook,SOTC
For more than 10 vehicles, under C&I and appraisal, docu,int. applicable Applicant having banking with SBI, having with
KVPs, LIC=50 % of loan.
-Wherever subsidy is available, it will be taken
Scope- Development of tourism in India
Purpose Construction/ renovation/ modernization/ addition to hotels/ financial integrity & credit worthiness only considered. Doc.- As in SBF/ C&I.
as promoters stake.
at present support 18 millions (5.9% of
Yatri niwas/ Dharmshala etc; Construction of office premises/ purchase Interest- As per extant inst for SBF & C&I.
total employment) and accounts 5.6% of
of computer & equipments;purch of luxury buses, cars, vans, house
Inspection H Y, ensure end use of fund.
Insurance- 100% of loan amount.
Ref. Cir. Circo/ adv/ 75 of 2003-04 dtd.
GDP. In 2010, it expects 25 m jobs and
boats; establishment of Restaurants, fast food centres, coffee houses, Repayment. 3 to 7 years with moratorium of 18
19.06.03. & Circo/adv/251 dated 22.12.2004
6.8% of total employment.Margin 20%
Ice cream parlours, amusement park, health club etc.
months.
nd
.For 2 hand (<5 yr old) 40%
Current Ratio min 1.33, TOL/TNW max. 2.75
Primary Hypothecation of vehicles
Processing fee Usually 1%.
60 TRANSPORT PLUS (replaces Fleet -Valid permits & exclusively bank with us Type of loan Term loan & Cash Credit
-CEO/Promoter should IT assessee, min Eligible Bank Finance: Cost on road i.e. Billed Price + cost of body
Avg. DSCR Min 2.00, Receivables 4 months
financed & receivable
Marketing Tips Local transport associations,
Operator & PARIVAHAN PLUS,)- (C&I)
3 lacs income, age >18 yrs, own a
building + Road Tax + Insurance
Repayment
Collaterals** Other unencumbered dealers of TATA, Ashok Leyland, Mahindra &
(The product aimed at large, well
house, 3 yrs experience in field,
Loan Amount: TL & CC Combined Rs 10 crs (Corporates), Rs. 7.5
TL- Max 5 yrs in EMIs after 3 m. PDC to be obtained vehicles/ immovables of value of 50% Mahindra and apart of them corporates, Oil
managed, computerized fleet operators).
satisfactory dealing with bank
crs (Non-Corporates), minimum Rs 10 lacs for both.
CC- Repayable on demand and renewable annually. of loan, may be reduced to 25% if tie- cos, Cement Co, who avail the services of fleet
-To finance purchase of new transport
-Reputed & IBA approved TO(truck)
Margin TL & CC 20% (may be reduced to 10% if 100% Tie-up)
Documentation Revised C&I documents C1, C2,
up arrangement.
owners can be contacted. Exporters of
vehicles and WC finance against
-rising trend in income & profit in 2yr
ROI - TL: 0.25% above SBAR, CC: 1% above SBAR.
C3, C4 and C5.
Inspection: Once in a year, Monthly
perishables like seafood, vegetable, milk who
receivables.
-should well maintained >10 vehicle
Interest Rates revised under various tie-ups (e-Cir 431/ 22.10.08) Prepayment: 1% p.a. of the residual period.
when sticky.
use refrigerated vans can be contacted.
(Takeover of loan not allowed, for
-Regd/admn office in M/U/SU centre
(Revised guidelines: e-Cir 679 / 5.3.07)
detail Ref e- Cir 679 dated 05.03.07)
Financing
Light
&
Commercial
VehiclesIndividual
or
association
of
not
more
Margin
:
10%
(Loans
<
Rs
2
lacs),
15%
(Loans
>
2
lacs)
.
Rate
of
Int
Swaraj
Mazda
Dealers
would
obtain
the
application
PrimaryAsset
purchased
by
loan.
-Processing Charge waived.
61
Tie-up with SWARAJ-MAZDA (SBF)
than 6 persons, Trusts/ Societies in
and after due diligence would forward to respective
Collateral- NIL (<2 lacs-New, < 5 lacs- -Charges should be registered in book of RTO
Loan Amount
Repayble < 3 yrs Repay > 3 yrs For WC
Mahindra & Mahindra, Tata Motors
Transport Business
Branches. Branch may generate fresh applications. old good customers), 1 TPG worth25% -Blank Transfer Forms signed by the borrower
Up to Rs 2 lacs
8.25%
8.5%
8.5-9.5
-To finance transport operators upto 10
-MOU valid for 1 year (Signed on 25.08.04)
of loan/ Hypo of Veh New applicant -A discount in invoice of Rs 3000 (4 Tyre),
>2 lacs < 5 lacs
9.00%
9.25%
10.25
-No. of vehicles not more than
vehicles of all make, utility vehicles, light &
for 2-5 lacs; 50% mov/immovables or 5000 ( 6 Tyre models) to applicant + 2 addl
>5
lacs
<
25
10.00%
10.25%
10 incl vehicle to be purchased.
commercial vehicles Addl TL on accident
DSCR (GROSS) ; Min. 1.75%
2 TPG for loan > 5 lacs
free service + 3 yrs warranty on Engines.
lacs
-WC for fuel, salary (max 30000 per
Repayment 3 to 7 yrs with moratorium of 6 months Insurance - Comprehensive
Ref - CirCo/Adv./134 of 2004-05 dt 23.9.4. and
Zonal Credit com. Is vested with discretion to reduce Int 0.5% Margin
vehicle with 25% margin)
242 dt 17.12.04 & 252 dated 23.12.2004
5% on merit basis. (Ref Cir/adv/221 dated 07.12.2004)
Eligibility:
Individual
or
associations
of
not
more
than
6
persons,
Trusts,
Society,
Hotels,
Restaurants,
health
&
educational
instiutes,
Firms
&
Cos.
Coverage:
Passenger
Vehicles,
Trucks.
Purpose:
Purchase
of Commercial Vehicle and provide working
62 Financing Commercial vehicle
capital for meeting operating expenses. Facility: TL and CC. Loan Amount: 90% of road price incl registration, insurance, road tax, accessories, AMC etc, 75% for CC. Margin: 10% (TL), 25% (CC). Interest: TL Amt & period wise based on SBAR, CC tie up with Ashok Leyland
1.25% below SBAR. Insurance: Comprehensive insurance with Bank clause. Security: Primary Charge on vehicle & other assets purchased by Bank finance. Collateral: Limit < Rs 25 lacs Hypo of existing vehicle should cover 25% of loan or TPG of
25% of loan. Limit Rs 25 lacs & Above Charge over movables or immovable assets. Hypo of vehicle covering atleast 50% of loan or 1/ 2 TPG to cover 50% of loan. DSCR: 1.75 Minimum. Repayment: Suitable programme of 3 to 7 years, CC to renew/
review annually. Others: 1. Charge to be registered in book of RTA. 2. Blank Transfer form duly signed by the borrower to kept in record. 3. Turn Around Time 5 days from the receipt of application. Ref e-Cir 405 dated 08.11.2006.
Assessment as per Nayak Committee for limits upto Primary- Hypo/pledge over assets.
Bank extended this sch to new units also
63 RICE MILLS PLUS (SSI)
-Profit making existing units with TL, WC & SME Cr + facilities for unforeseen exigencies.
-In order to help our existing units with prov
Rs. 5 crores., Simple CRA form. Loan to be
Collateral- < 5lacs NIL, Above 5 lacs- if 50% partners are same & unit with SB 3
AMT. TL-No ceiling based on project, WC- On bills/stocks
credit
rating
SB4
and
above.
-en track record this scheme is designed to
1.For SB-7 & +: EM/ tangibles 50%
rating (e-Cir 197/20.7.6)
Margin- 15-25% TL, 15-20%- CC(Stocks), 25-40%- Book debt sanctioned within 15 days of receipt
19
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
20
extend adequate credit out of stiff
parameter of CRA system.
-Takeover permitted.
-New unit also (e-Cir 460/ 4.12.2006)
Appraisal, Disbursement & Repayment Security/Document/Insurance Other terms & Ref Circulars.
65
66
67
68
Assessment of loan based on personal Net Worth & Security -Only Hypothecation of
- Processing Fee to be recovered upfront,
69 CAR LOAN TO SME UNIT (New Individual Min. NAI Rs 1 lac Loan Amount Max 2.5 times of NAI, No Upper Ceiling Amt.
EMI/ NMI % should not exceed 50% (AGM Br/ Region may extend
Repayment capacity of Borrower.
Vehicle (must be recorded at RTO), No when loan sanctioned 0.5% min Rs 500 max
Vehicle)
for last yr as per IT Return.
60%).Margin: 15%.Interest: 10% fixed for all new loans, sanctioned Repayment - Max 7 yrs in Equated Monthly/
additional or extension of charge.
Rs 10000, when rejected 0.25% min Rs 500
-To provide TL to unit (Standard Asset)
For Unit Joint Applicants Min upto Mar 2010, 10% fixed for 2nd & 3rd yrs.
Quarterly Installment. Post Dated cheques to be
Document As P Seg Car Loan
max Rs 2500 (e-Cir 673/ 11.02.09)
or promoter/ partner (spouse/ children
NAI
Rs
1
lac
as
per
last
yr
IT
- Pre-payment Penalty : 2% of amt prepaid if taken over/ repaid <
obtained from the borrower.
Insurance 110% of value/ loan,
- Disbursement by A/c Payee Draft or B
also) of existing SME units for purchase
period/ part pay inYr 1. No penalty if prepaid for pur new/used car
Penalty A/c remains irregular beyond 30 days a
Comprehensive, Banks interest to be
Cheque issued without charge.
Return.
(e-cir
194/
7.7.7)
of cars, jeeps, Sports /Multi-utility
penal interest of 1% p.m. above applicable rate.
noted on Insurance Policy.
-No Inspection if SA, otherwise NPA norm
Authorized Branches ALL
vehicles (S/ MUVs)
Loan Amount : Max Rs 15 lacs
Valuation/ Fitness certificate by reputed garage Repayment: within 7 yrs of sale.
Take Over allowed when vehicle not
Car Loan to SME Unit OLD
Not more than 5 yrs old, No
(Not required under Maruti True Value or
more 2 yr old, of single ownership, no
( All other features as per mentioned Loan on Duplicate Registration Interest Only Floating
above)
All
other
details
as
above
Automartindia)
insurance claim availed & only SA.
Book
PETRO
CREDIT
To
finance
Franchisee
Facility
:
TL
&
CC
Segment
:
SME
Amt
of
Loan
:
TL
50%of
cost
of
land
and
80%
of
Security
deposits
with
RIL
(Co
owner
Dealer
operated
CODO
Quantm
as
per
eligibility),
75-85%
of
cost
of
project
for
RO (Retail Outlet Max Rs 100 lacs). CC
70
of Reliance Industry Ltd (RIL) for Petrol
Retail Outlet Dealership under Tie-up.
20
75% of cost of Petrol or 4 days cost of sale, which ever lower (Quantum- as per eligibility) Eligible customers Corporates/ Non-corporates/ Individuals having dealer-ship appointment letter from RIL Application with Project Report forwarded by RIL
with letter of intent issued by RIL Margin : CODO 50% for land, 20% for security deposit, 25% for WC, RO- 15-25% for TL 25% for CC. Repayment TL: Fixed Int 54 EMI, Floating 78 EMI (Moratorium 6 months), CC- on demand, Renewal every year.
Security Adequately Inspection Monthly Insurance Full Market Value Documents- Revised C&I Documents Reference Circulars CirCo/ Adv/ 350 and 351 of 2004-05 dated 23.03.05.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
21
71
Eligibility: Existing or new Corporate/ Non-corporate customers of SME (Manufacturing) segment with ratings of SB3 or SBTL3 and above (SB4/SBTL4 on selective basis if approved by CGM). Request from Non-customers considered on Take over norms.
Purpose: Any genuine commercial purpose in line with regular business activity of the customer like Expansion & Modernisation, Substitution of High cost debts of own or other banks, Up-gradation of Technology/ machinery, Acquisition of software, hardware
etc, Acquisition of ISO & other Certifications, Visits abroad for business development etc. Quantum of Loan: Maximum Rs 250 lacs (CCC-I in LHO may enhance the quantum). Repayment: Max 3 years (SA may selectively consider up to 5 years). Currency
of Sanction: 12 months from the date of sanction. Margin: 10% uniformly. Disbursal: Borrower is free to avail facility at their convenience. Disbursal by Branch on demand from the borrower subject to scrutiny of certain basic financial information Current
Ratio & TOL/TNW at acceptable level (3.0) (CA Ratio > 1), DSCR at least 1.75. Other Requirements: 1. Documentation is to obtained upfront for the sanctioned TL 2. Purpose wise Sub-limit may be drawn. 3.At the end of 12 th month, branch has to take
stock and cancel the unutilized portion of TL Limit. Pricing: As per the credit rating of the borrower on floating rate basis linked to SBAR. Security: Primary- Hypo/Pledge of machinery proposed to be purchased out of TL. Collateral: Extension of charges &
obtention of additional tangibles, Personal Guarantee of promoters in all cases, Pledge of Promoters equity in case of Corporate. May be sanctioned many times. (Ref e-Circular 112/2005-06 dated 08.07.2005)
Eligibility: Existing or new customers or non-customers (complying take-over norms) with SB3 or SBTL3 and above. Target Group: Medical Tourism, Hotel, Schools, Medical/ Engineering/ Management colleges and Fleet operators. Purpose: Any genuine
commercial purpose Expansion & modernization, Substitutions of high cost debts, techno-upgradation, Acquisition of software, hardware, vehicles, fixtures, ISO or other certifications, visits abroad for business development etc. Loan Amount: Maximum Rs
1 crore. Repayment: Normally 3 yrs, SA may increase upto 5 yrs. Currency of sanction: 12 months form the darte of sanction. Margin: 10% uniformly. Disbursement on demand subject to compliance of certain criteria CA & TOL/TNW at acceptable levels,
to DSCR atleast 1.75, transaction in a/c as per business plan given at the tome of sanction. Unit is free to avail this facility, multiple times at their convenience within 12 months & within overall limits. At end of 12 th month, Branch has to take stock and cancel the
business enterprises to meet genuine unutilized portion of TL limit. The repayment installments of the different sub-limits disbursed during the currency of sanction, can be clubbed together and done on a month or quarter end with the consent of the borrower. Pricing: As per credit rating of the
commercial requirements relating to borrower on floating rate basislinked to SBAR. Security: Primary Hypothecation or pledge of proposed assets. Collateral Extension of charge, additional tangibles, personal gurantee of partners invariably obtained, pledge of promoters equity (Corporate).
their regular business activity.
Assessment & Monitoring and Discretionary Power: As applicable to Term Loan.
Ref e-Cir 434 dated 22.11.2006.
Target Group: Owners of Restaurants, Fast Food chains. Eligibility: Individuals, Partnership firms, Corporates, Trusts. Purpose: For purchase of kitchen equipments, furniture, fixtures, land and investment in interior decoration. Facility: TL or OD.
FINANCE TO RESTAURANTS
Repayment: 7 yrs when land & building cost included in loan, otherwise 5 years. Amount of Loan: Investment for above purposes less margin/ promoters equity which ever is lower. Security: Hypothecation/ Pledge of the assets financed by bank,
Tangibles, Personal guarantee, Promoters equity. Margin: 25%. Insurance: Full value of assets & collateral. ROI New Score > 75 SBAR, 65-75 SBAR + 1%, 50-65 SBAR + 2%, < 50 Not eligible; Takeover cases - > 75 SBAR, 60-75 SBAR + 1%, below 60
Not eligible. Inspection: Monthly by FO, Quarterly by DM/ BM. Sanction of lan & its pricing as per Credit Assessment Matrix.
(For details refer e-Cir 258 & NBG/SMEBU/15/ 2005-06 dated 23/09/2005)
Eligibility: Mfg & Trading units rated SB 5/ SBTL 5. Exporters, Industries/ Hotels with matching Forex inflows preferred. Facility: Demand Loans: Period 3 to 11 months, Loan within Rupee MPBF/ ABF, can be part of CC/ WCDL. Disbursement &
Foreign Currency Denominated
st
Loans (FCDL or FCNR (B) Loans) Repayment in one lump sum. Maximum no of loans 7 per borrower. Term Loan: Period 1 to 3 yrs, Need based loan, Min disbursement USD 50000/ GBP 30000. Time gap between 1 & last disbursement 3 months. Repayment- Q/HY on cash flow. Max no
of loans 2 per borrower. Currency: USD, GBP, Euro, Yen depending on availability of funds. Loan Amount: Minimum- USD 50000 or Equivalent & in multiple of USD/GBP 10000 & Yen 1 million thereafter. Maximum- USD 20 million per borrower. Prior
approval of FD required before commitment to borrower. Pricing based on Credit Rating. Upfront fee: Rs 25000 for each DL, Rs 35000 for each TL. Commitment charge for < 15 days NIL, 15-3 months 1%, if not availed 3 months, loan treated as
cancelled. Penalty for early repayment (Min locking period 3 months) 1.5 % p.a. If loan not availed within 3 months, loan treated as cancelled.
73
74
@@ AGRICULTURAL LOANS: FOR REVISED INSPECTION NORMS Please refer Corp Centre Circular No. NBG/ABU-BP/1/2005-06 dated 09.06.2005 (e-cir 75/2005-06)
SME SEGMENT: Simplification of Documents The new set has , in all, only 13 documents grouped under 7 categories : 1. Initial Documents- SME-1(Letter of Arrangement), SME-2 (Agreement of Loan cum Hypothecation, SME 2A (Assets
particulars acquired after execution of SME-2), SME-3 (Guarantee Agreement) 2. Supplemental Document : SME-4 (Suppl Agreementof Loan-cum-Hypothecation, 3. Documents/Recital for creation of EM- SME-5 (Memorandum for recording creation of
mortgage by deposit of title deeds), SME-6 (Letter of confirmation for creation of mortgage by deposit of title deeds 4. Documents/ Recital for extension of EM: SME-7 (Memorandum for recording extension of mortgage), SME-8 (Letter of Confirmation for
extension of mortgage) 5. Documents for creation / extension of Regd Mortgage: SME-9 (Deed of Mortgage), SME-10 (Deed of further charge), 6. Complementary Documents: SME-11 (Revival Letter), SME-12 (Link Letter), 7. Misc Documents: SME13 (Title Investigation Report) (Ref e-Circular 154/2005-06 dt 23.7.05) Note: SME 13 is no more valid wef 01.07.2006, now fresh format designed (Ref e-Cir 100 dated 12.06.06)
DOCUMNETATION AGL: AB Series AB 1 (Agreement-cum-hypothecation), AB 2 (Guarantee), AB 3 (Mortgage Deed), AB 4 (Revival of AB 1), AB 5 (Revival of AB 2), AB 6 Format to apply, AB 7 (Conversion of Crop Loan to TL).
DOCUMENTATION SBF: WC Arrangement letter, Agreement of Hypothecation/ Hyp-cum-Guarantee, D P Note, DPN Delivery letter, No Lien letter from land lord (if on rent). TERM LOAN Arrangement letter, Article of Agreement for MTL, Guarantee Bond for MTL, Pledge letter, No lien letter (if on rent)
DOCUMENTATION SSI:WC General Agreement Hypothecation over all asset for entire liability, Ancillary Agreement A.A.1 (Hypothecation), A.A.2 (Pledge), A.A.3 (Bill Finance), A.A.4 (Clean adv, Adv ag specified securities), A.A.5 (Ad-hoc limit), A.A.6 (Non Fund limit LC, BG, DPG), Guarantee Agreement,
Supplementary Agreement, Linking letter SSI:TL- General Agreement for MTL, Ancillary Agreement A (Pledge) & B (Equitable Mortgage), Guarantee Agreement, Supplemental General Agreement, Mortgage Deed for Addl Term Loan, Guarantee deed for Additional Term loan
DOCUMENTATION C&I: C 1- agreement of loan for overall limit, C 2- Hypothecation agreement, C 3 Agreement for Pledge, C 4- Guarantee Agreement, C 5- Individual limit, C 6- Revival letter, C 7- English Mortgage, C 9- Equitable Mortgage.
REVISED INSPECTION CHARGES (Other than P Segment Advances) (Ref e-Circular 225 dated 03.08.2006) Loans upto Rs 25000 = NIL, Above Rs 25000 below 2 lacs Rs 500 p.a., Rs 2 lacs to Rs 5 lacs = Rs 500 per lac p.a. for inspection within municipality max Rs 10000 p.a. (For outstation inspection,
Actual charges + 25 %, subject to minimum Rs 10000 p.a., Above Rs 5 crs = Actual charges + 25 % min Rs 10000 p.a. In case of Mortgage Loan for trade & services, SME Card , SME Smart Score, where periodicity of Inspection is once or twice a yr, the charges will be as under- Upto Rs 25000 Nil, > 25000
to 2 lacs: Rs 500 p.a., > 2 to 5 lacs: Rs 500 per lac within muncipal or 8 km max Rs 10000 if Monthly, Rs 7500 (Quarterly), Rs 5000 (HY), Rs 2500 (Yearly) and For Outstation or > 8 Km: Actual charges + 25% subject to min Rs 10000 (Monthly), Rs 7500(Qly), Rs 5000 (HY), Rs 2500 (Yearly), > Rs 5 crs Actual +
25% min Rs 10000
(Discretion to reduce charges upto 25% (DGM), 50% (GM), 75% (CGM), 100% (MD & GE)
ADVANCES (ALL) RELATED FEE Processing Fee, Up-front fee, Project Appraisal Fee w.e.f 01.07.2007 (Ref e-Cir 196 dated 07.07.07 & e-Cir 713 dated 02.03.2009)
21
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
22
LOAN PROCESSING CHARGE
Fund and Non-fund based limits
Loan upto Rs 25000
NIL
Above Rs 25000 upto Rs 2 lacs
500
Above Rs 2 lacs upto Rs 1 Cr
500 per lac
Above Rs 1 Cr
400 per lac,
(To be charged on Adhoc limit also)
Min 50000,
Max 20 lacs
1.No charges on own TD, Govt Sec, NSC, KVP, IVP etc
2. Recover 25% charge up-front, irrespective of sanctioned limit
3.No Proc Charge on TL, as Up-front fee recovered
4.Recover charge at initial processing as well as renewal
5.Recover charge for continuing loan, if not renewed in time
6.Loans under GSS, recover charges as their terms.
UPFRONT FEE
Upto Rs 2 lacs
T L Above Rs 2 lacs- upto Rs 5 Crs
T L Above Rs 5 Crs upto Rs 10 Crs
T L Above Rs 10 Crs
-
NIL
1.25% of loan amt
1.50% of loan amt
1.00% of loan amt
Min Rs 15 lacs
OTHER CHARGES
Allocation of Limit: Rs 10000 p.a. to each allocatee branch.
Equitable Mortgage (SSI & C&I only) Per unit FB Limit
Up to Rs 10 lacs
Rs 500 per lac
Above Rs 10 lacs up to Rs 5 Crs Rs 15000
Above Rs 5 Crs
Rs 20000
Inland BGs (Performance as well as Financial Guarantees
Up to Rs 5 Cr
2.75% p.a.
Portion above Rs 5 Cr & up to Rs 10 Cr
2.25% p.a.
Portion above Rs 10 Cr
1.75% p.a.
Plus Rs 250 in each case as handling charges.
Borrowers rated SB5 & below 0.25% p.a. over & above normal charge.
Minimum Guarantee Commission Rs 400/-.
BG with 100% cash margin 25% of the applicable charges.
Eligibility &
Type, Period and Amount of Deposit ROI (See Page: Latest
Interest) & Repayment
Authorised Branches
Nomination,
Penalty & Other Benefits
Special Features,
Reference Circulars.
4
5
22
Single/ Joint/ Joint with survivorships. Type of A/c: SB A/c linked to MOD A/c, for auto-sweep for issue TDs with unitized break-up facilities. Branches: All Branches. Deposit Amount: Minimum - Rs 25000, Maximum No limit.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
23
withdrawal facility
Single/Joint names incl minor, -STD Type
-1,2,3,4 & 5 years
-To provide unitized break-up of TD to NRI & Others
-All Metro, Urban & Semi-Minimum Rs 1500 in X 100
Individuals with partial withdrawal
Urban Branches.
-do-
-do-
9
10
11
12
13
23
-STD Type
-12 to 120 months
-Minimum Rs 1500 in X 100
-do-
ABDs/ADBs
Individual (S&J), HUF,Trust,
-TD Type
Floating Int : Up or Downward -TDR issued
Nomination available only to Individuals -Advantage of Interest fluctuations for long
Co, NBFC, Pension Fund,
-8 and 10 years
-ROI for 8 yrs (+0.25%) & for 10 -Advance as like FDR
term portfolio management
NRI, RRB
-Minimum Rs 50000
yrs (+0.50% above base rate) -Pre-mature WD allowed on 30 days notice at 1%
Interest is paid quarterly from the date -Deposits are not transferable
Relevant for old Deposits)
-All Branches
-Repayment of P + I on maturity below applicable rate for < 6 yrs, > 6 yrs Base rate.
of the deposit.
-Deposits are subject IT Rule- TDS.
-TD/ STD Type incl MODs, RD & Money Box
-ROI 0.50 above normal rate
-FDR Issued
Nomination available 1. Signature of nominee duly attested by Sr Citizen obtained.
SENIOR CITIZEN DEPOSIT SCH -Residents with age 60 yrs
and above
-Minimum 1 year, Maximum 10 years.
See Page: Latest Interest
-Advances as like FDR
2. Option to write name of nominee on receipt apart from nomination registration no.
To provide FD at differential rate to
-All Branches
-Min Rs.10000 in X 1000 (RD min Mv 10000)
-Repay.of P+ I (STD)on maturit -Pre-mature withdrawal allowed
(if Sr Citizen not agreed for above provision, consent letter to be kept in record)
senior citizen (e-Cir 448/ 28.11.06)
Product
Features:
1.
Available
in
3
currencies
Rupee,
Euro
&
USD.
2.
Denominations:
Rupee
Rs
5000
&
Above
in
multiple
of
Rs.
1000
for
3
&
5
yrs,
Euro
&
US
Dollar
2000 & Above in multiple of 1000 for 3 yrs only. 3. Issue Price in round 10 in Rupee
KANAKDHARA DEPOSIT SCH
and 1 in Euro & USD. 4. Interest: Same as respective currencies & tenor. 5. Kanak Dhara can be issued in favour of applicant or any other person (only Individual) specified by the applicant without any details of the beneficiary. KYC norm to be followed at the
It has been decided to discontinue
time of payment of deposit (However, full detail of beneficiary obtained at time of issuance). 6. Payment by A/c Payee cheque or in A/c of beneficiary only. 7. Overdue KD renewed as STDR for same period unless mandated otherwise. 8. Currency-wise 3
MONEY BOX and KANAKDHARA
series KD with separate design. 9. KD is non-transferrable & non-negotiable. 10. All Branches can issue Rupee KD, but Euro or USD KD to be issued by A & B category branches only. 11. Loan is available as normal FD. 12. Additional Interest to staff/
deposit sch wef 01.04.2009, as their
rd
performance was not satisfactory. (e- pensioner/ senior citizen as applicable in other schemes. Marketing Tips or Comparative Advantage of Kanak Dhara over other vanilla deposit products 1. KD is issued in broken amount with round sum maturity. 2. KD can be purchased in name of 3 party.
3. Beneficiary can receive payment without any intervention of the applicant. 4. An Attractive gift product i.e present a gift of Rs 10000 (maturity value) in Rs 7244 (Issue value) to near & dear ones. 5. Maturity in round amount only. (Ref e-Cir 110/2006-07
Cir 786 dated 31.03.2009)
dated 15.06.2006)
-TD & SB Type
-ROI as applicable on TD/SB
-TDR/ SB Passbook is issued
Withdrawal- SB : apply with Pass book -Withdrawn amt to be utilized within 60 days
CAPGAIN PLUS Product for parki- Resident Individuals, HUF,
-2 yrs if capital gains is u/s 54B, 54F & 3 yrs if u/s -Interest application quarterly in -No loan facility, Deposit can neither be accepted as on form C/G/H, No ATM card & Cheque -Staff will get interest benefits, but Sr Citizen
ing of capital gains for a max period of 3 Firm, Co, NRI etc. Addition/
Deletion of name only on prior 54, 54D & 54G
TD and Half yearly in SB.
margin nor as collateral.
Book issued, WD >25000 by way of DD will get normal Interest (e-Cir 604 dt 15.1.8)
yrs & utilization thereof for capital
-Minimum 5000 in TD & 1000 in SB a/c
-TDS Applicable
-Pre-mature payment on specific authority from ITO. in fvg payee. TD-Wd by transfer to SB -Attractive life cover under SBI Life-Super
investment. Sch first introduced in 1988. permission of ITO.
-All except Rural Branches
-Nomination available.
Suraksha at spl premium.
CORE POWER (For CBS Branch) The Product empowers all existing Per Segment SB/ CA Holders ofrd all CBS Branches with following Value added services/ facilities: 1. Transfer of funds by debiting SB/CA from home branch to any other a/c (self or 3 rd party) at another CBS branch for same
deposited at home branch and drawn on CBS branches at home
(Ref Corp Cen Cir NBG/PBBU/LI- day credit. 2. Deposit of Cash (max Rs. 25000/-) by customer or 3 party for same day credit to the account from a non-home CBS branch. 3. Same day credit to the a/c in respect of instruments
rd
MA/01/ 2005-06 dated 19.07.2005) or non-home centers or vice-versa. 4. Encashments of SB/ CA Cheques by the a/c holder at non-home CBS branch for cash withdrawal, transfer of proceeds for credit to SB/CA of self or 3 party at any other CBS Branch for issuance of Draft/TT/B Chq.
Rationale: To introduce a competitive paper based payment mechanism and to leverage the capabilities of CBS, MCC is launched giving added facility to customers to issue cheques payable at par at all CBS branches.
Multi City Cheques (MCC) Salient Features: a. MCC can be drawn by the customer in favour of his client and payable at par at all branches of the Bank. B. It is to be issued only by the identified CBS Branches, c. It is to be paid at par only at CBS Branches, d. It can be issued to an
existing SB, CA and CC accounts in addition to normal cheque books, e. MCC facility is available to the customer through personalized cheque, f. RBI has assigned unique instrument types 29 for CA, 30 for CC and 31 for SB, which will br printed in the
MICR band. All charges towards payment of MCC levied at HOME Branch only. IFB Mumbai was first branch to issue MCC to Smruthi Organics Limited. The upper limit for issue of MCCs for Per Segment customers is Rs 2 lacs, SME Customers max Rs 10
lacs. Charges Rs 3 per cheque leaf to be debited by system. . No cash payment to third parties. ( e-Cir 576 & 578 dt 25.01.07).
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
24
14 CORPORATE SALARY
PACKAGE
17
18
24
Rationales: To build a good relationship with the employees of reputed Corporates/ Institutions with opening salary a/c and giving plethora of benefits in asset & liability products & services Product Features: Four Variants
Silver, Gold, Diamond & Platinum determined on the basis of Gross Monthly Salary (GMS). Eligibility: Corporates- Min 25 employees with Min payout of Rs 1.25 lacs p.m. & min GMS Rs 5000 per a/c. Eligibility: EmployeeGMS Rs 5000-20000 (Silver), Rs 20000-50000 (Gold), Rs 50000-1 lac (Diamond), Above Rs 1 lac (Platinum). Min Balance: NIL for all. ATM-cum-Debit Card: Free to all, Domestic Card (max limit Rs 15000 per day) to Silver,
International (max limit $ 1000 per day) to Gold, Diamond & Platinum. Internet banking & Utility Bill Payment: Free to all. Core Power: Free to all upto Rs 50000 per transaction only at CBS Brs. Cheque Book: Free -25 leaves
(Silver), 50 (Gold), No limit (Diamond & Platinum). For all, Personalised Cheque Book available for brs linked to LCPC (Liability Centralised Processing Cell). The upper limit for issue of Multi City Cheques to salaried employees
under all variants is Rs 2 lacs. Leaf & issue charges NIL. (e-Cir 192/ 6.7.7). Easy Overdraft to all upto 2 months salary at 4% > SBAR & to be adjusted with next salary within 6 months or can be converted into Personal Loan
(Xpress Credit in case of SB1 & SB2 Co. Also to SB3 Co satisfying takeover norms). Optio Transactions charges: Chq upto Rs 5 lacs Rs 25 per chq, Above Rs 5 lacs to Rs 10 lacs Rs 50 per chq. Free for Power pack Currnet A/cs (e-Cir 131 dt
01.06.09)nal A/c Statement in lieu of Pass Book Free to all, Quaterly for Silver & Gold, Monthly for Diamond and Platinum only at Brs linked with LCPC. Transactions at Branch: Free Cash Withdrawal to all (e-Cir 304/ 4.9.6); 3
(Silver), 4 (Gold), All (Diamond & Platinum) Cash Deposit p.m. Free, Rs 30 per Additional Deposit for Silver & Gold only. Saving Plus (Auto Sweep Facility): For All, Threshold Amount Rs 5000 and TDR/STDR of Min Rs 10000
in multiple of Rs 1000 in any one instance. Besides all Diamond features, Platinum holder will get SBI Vishesh facility. Documents: Proof of identity & residence as KYC guidelines, Salary slips of last 3 months for categorization,
Request letter from Emplyoyer to open a/c with name & code of employee, Option letter if Saving Plus & Internet Banking facilities. Other Facility: Pre-paid Card (on which reimbursement for medical/travel/rent/ bills directly
uploaded by Co.) may be offered. Payroll card may be given to employees with gross salary below Rs 5000 p.m. with whom we do not wish to maintain banking relationship. (Refer e-Cir 211/2006-07 dated 26 July 2006).
Reimbursement Current A/c for all employees opting to open SB A/c. Features CA with zero balance, no annual maintenance charge, ATM card linked with CA and Free Cheque Book with 50 leaves in a year. (e-Cir 461/
22.11.06) . Circle CGM may allow Silver variant if all salary a/c with us and < 20% has salary < Rs 5000. (e-Cir 612/ 8.2.07). Tie-up with TCS for issue of max of 15 demand draft per year at par with a max limit of Rs. 50000 per draft (e-Cir 510 dt 21.11.07).
Products involved in scheme: 1. SB/CA 2. Saving Plus 3. ATM-cum-Debit Card 4. Internet Banking 5. Multi City Cheque 6. Pre-paid card 7. Xpress Credit 8. SBI Vishesh 9. Core Power and 10. Liability Centralised Proc Cell.
Special Features: SME POWER GAIN (Details of SME POWER PACK scheme under Brackets) 1. QAB Quarterly Average Balance - Rs 1 lac (Rs 5 lacs). 2. Penalty for non-maintenance of QAB Rs 2000 per quarter
(Rs 5000), 3. Drafts 25 paise per 1000 min Rs. 25 max Rs.3000/- (Free) (e-Cir 673 dt 19.2.8). Pay Order/ Bankers cheque Free (Free), Cheque collection Instruments drawn on SBI Br Free (Out of pocket expenses not
exceeding Rs 25). Other Instruments Rs 1/ 1000 Min Rs 25, Max Rs 150- e-Cir 406/ dt 15.10.08. (All same except other instruments Re 0.5 / Rs 1000). Colour of Stationery Yellow (Pink). CRP- Cheque Return Protection
Facility- OD limit Rs 25000 (Rs 100000) max period of 10 days at time. OD Interest SBAR + 2% (SBAR + 2%), ATM-cum-debit card Domestic card with withdrawal limit of Rs 25000 per day (International card with limit of Rs
45000 per day). Corporate Internet Banking - Available in both. Multicity Chq Issue Charge- Both Free, Transaction charges Rs 25 / per chq < Rs 5 lacs, Rs 50/ chq > Rs 5 lacs (All Free) (e-Cir 673 dt 19.2.8). Inter-core
transactions a. Deposit of cash, max Rs 1 lac per transaction Rs 100, b. Encashment of chq, max Rs 1 lac per chq, permitted from credit balance Rs 100, c. Deposit of chq at any CBS Br, drawn on any CBS Br, for credit of
a/c at Home Br Intracity: Free, Inter city: Rs 1/ 1000, Min 25 max 1250, d. Deposit of clg chq at Non-home br, drawn on that clg center for credit of a/c at home branch Intracity Free, Intercity Rs 1/ 1000, Min Rs 25, max Rs
1250, e. Remittance of funds from Home Br to other CBS Br Re 1/ 1000 min 25 max 1250 (In all cases FREE). Issue of duplicate statements, cheque books, folio charges & Pre approved car loan Free in both schemes.
Processing Fee: Max waiver Rs 1000 (Rs 5000) for C/C A/cs. Penalty for closing a/c within 12 months Rs 2500 (Rs 5000). Additional Freebies: 1. Free Cash Pick-up from doorstep (at Centres where door pick-up facility
available) 10 (20). 2. Free Cheque pick-up facility (where available) Thrice (Daily) a week. 3. Demat services and eZ trade: Free in name of firm (-do-). 4. Salary a/cs Silver & Gold variants (All variants). 5. RTGS: No
concession (Free) (e-Cir 462/ 04.11.08).
Purpose: To provide fee collection facility for institutions through our CBS platform. Eligibility: Any Instiutions desirous of collectiong fee from various centers. Nature of Deposit: Current A/c. Branches: All. QAB-Quaterly Avg
Balance: Rs 25000/-. Penalty for non-maintenance of QAB: Rs 1000 per quarter. Type of Transactions permitted: Cash, transfer and clearing. Transactions not supported Batch and tickle feed transactions not supported. NO
Overdraft is permissible. Charges for transaction: The Institution is not charged for fee collection. A commission of Rs 50/- each remitter to be charged manually by collecting branches for credit to their Commission a/c. Cash
handling charges Waived. Transactions not permitted: Transactions other than fee collection is not permitted in non-home branches. Cheque Book not available. The Institution can transfer the required balance through
authorization/ sweep. Free Corporate Internet Banking facility. Other facilities: 1. Different types of fees (max 10 items) can be collected through a single challan. 2. Journal / Host Trace No.to be entered in challan copy given
to the remitter. 3. Institution can view the Branch code, Journal No., Reference no. and name of the student through CINB. Documents Required: Usual procedure for opening of the Institution a/c to be followed. Penalty for
closing the a/c within 12 months Rs 500. (e-Cir 192 dated 07.07.2008).
POWER JYOTI PLUS for Brokers We have tailored the product with customized MIS to suit the Broking Houses needs. Power Jyoti Plus a/cs will be opened at our Capital Market Branch, Mumbai. Branches and franchisees of
the broking firms from other will bring only local cheques for credit for these a/cs (no cash deposits) with special challan forms for assured MIS facility. (e-Cir 64 dated 23.04.2009)
Target Group: Individuals, proprietary firms and partnership firms engaged in business activity. Shop or other trade license will satisfy KYC norms. Branches: All our ATM linked and intenet enabled branches. To be used aggressively for tapping low cost
deposits from all traders and service providers. Minimum Balance Rs 1000 (No OD permitted), Maximum cash deposit on a working day Rs 10000, cheque book with 25 leaves p.a. at Rs 5 each (additional leaf for Rs 10 each) for payment of max Rs 15000
Rationale: To make banking facility
each leaf. (e-Cir 672 dt 19.02.08). Limit for Cash Remittance: Rs 10000 per day. Facility Offerred: Domestic ATM-cum-Debit Card with Rs 15000 limit per day, Free Internet Banking, Free transfer to other a/c at branch, Free SI for payment of loan at
accessible to vast section of traders
branch, SI for payment to other a/c at Rs 50 per transaction, ECS at select brs for payment of bills, premia on applicable charges, Immediate credit < Rs 15000 per cheque, Collection of cheque & Inward Bill business at normal charges. Penalty for nonand Non-individual customers.
maintaining min balance Rs 300 per quarter. Documents: 2 Photo, Copy of Partnership deed/ Registration under Shop & Establishment Act/ Memorandum & Articles of Association. Introduction by an A/c holder. Other terms & conditions KYC procedure,
obtention of IT PAN/Form 16 as applicable in CA.
(e-Cir 239 dated 8th August 2006, 672 dt 19.02.08)
Purpose:
In
order
to
enable
the
common
man
to
open/
maintain
bank a/c at nominal cost. Segment: Personal Banking. Eligibility: Individual of 18 yrs earning Rs 5000 p.m. or less as per self-declaration. Now Pensioner (< Rs 5000 pm) also (e-Cir 266/
NO-FRILL ACCOUNT
19.08.06). Mode of Operation: SO/ Jointly/ E or S/ F or S/ Anyone or Survivor. Branches: All except SPB, PBB, MCG,CAG Branches. Initial Deposit: Rs 50/-. Min balance to maintain NIL. Max balance/Amt Rs 10000 in all liability a/cs with us, afterwards
Rationale: To cater the needs of vast
sections of populations not fulfilling SB A/c normal SB A/c. Interest: As applicable to Savings Bank Accounts. (e-Cir 78 dated 31.03.2009). Operation of A/c: Withdrawal by slips and cheque book, ATM-cum-debit card for operational convenience free of charge (e-Cir 257/ 16.08.06), Non-home br
transactions not allowed in CBS Branches. Other charges, A/c opening procedure, terms & conditions, Nomination facility as applicable in SB A/c. (Ref e-Circular 476/ 2005-06 dated 30 Jan 2006). OD upto Rs 25000/- treated as Indirect Agl Finance under
opening norm. RBI Directives.
Priority Sector (e-Cir 121 dt 30.05.08)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
25
19 SBI TINY
Rationales: 1. Compliance of RBI
guidelines. 2. To provide financial
inclusion to the unserved in rural
areas.
(2001 Census: 41% still financially
excluded)
Purpose: In order to enable the common man to open/maintain bank a/cs at no cost. Segment: Per. Eligibility: Individuals of 18 yrs & above, daily wage earners/or those with monthly income below Rs 5000. Mode of operation:
Single or joint. Branches: Begin with rural branches may be extended to others. Initial Deposit: Rs. 50. Min balance to be maintained Zero. Max Balance: Balance of all liability products not to exceed Rs 10000; a/c may
upgraded to normal on depositors wish. ROI: SB Rate, payable if min balance in a/c is Rs 500 or above. No service charge if balance below Rs 500. SBI Mitras, may be a SHG member, is engaged by BM for assisting depositors.
Job of SBI Mitras Completion of A/c opening formalities & submission to branch, distributing SB PB to depositor against AD, accepting cash in a Drop Box at his place & updating passbooks on the basis of monthly statement by
branch. Remuneration to SBI Mitra Rs 2 per A/c opened, Rs 0.50 per active a/c per month for providing support to a/c holders not exceeding 500. Incentives paid by debit to Branch Commission a/c. Operation of a/c: Max 4
drawals per month by Slip presently at branch only. Deposit Upto Rs 50 at Drop Box, Rs 51 & above in Branch. No charges for maintenance of a/c. A/c opening from as in rural, Nomination available. Special Features: 1. BM
may offer depositor with balance of Rs 250 for Rs 500 as Personal Loan. 2. Voter ID card/ SBI Mitra Introduction sufficient for opening a/c, photographs only for Illiterates. (For further details refer e-Cir 176/2006-07 dated
13.07.2006). ATM-cum-Debit Card issued free of charge. No non-home transactions. Redressal Mechanism BM to sttle dispute upto Rs 100. Insurance under Master Policy. MRFTP (Market Related Fund Transfer Pricing) for
each SBI TINY: Rs 100 per card (e-Cir 316 dated 30.08.2007). Smart Card based No frill A/c in unbanked villages offering banking services through point of sales (POS) instruments handled by Business Corresspondents and no
service over the counters in the branch (e-Cir 567 dt 28.12.07).
20 SBI-SURABHI Deposit
Scheme
R : To meet the requirements
Eligibility: Corporates, Institutions, Trusts and Small & Medium Enterprises managing PF or any other trust a/c of their employees. Nature of Deposit: SB or CA linked to Corporate Liquid Term Deposit (may be TD/ STD). Period for CLTD: Minimum 12
months, Maximum 36 months. Minimum Deposit: For SB Rs 1000/-, CA Rs 10000/-, For CLTD Initial Deposit for 1 st sweep Rs 10000 thereafter in multiples of Rs 1000/-. Operation of A/cs: 1. Balances in SB/ CA will be transferred automatically by
means of auto sweep facility to TD/ STD on a weekly basis, whenever surplus fund in the a/c. 2. Tenure of deposit to be decided by the depositor at the time of opening of the a/c. 3. Threshold limit in the operation a/c to be maintained is Rs 50000 (Over &
above to be transferred to CLTD a/c). 4. Withdrawal by reverse auto sweep (breaking the deposit on LIFO Last In First Out) in multiples of Rs 1000, to meet the shortfall and to maintain minimum balance. 5. Mandate of transfer of funds to be obtained at the
time of opening of a/c. 6. Deposit broken by reverse sweep attracts interest at card rates, penalty as applicable for premature withdrawal. Interest: As applicable on TD, No differential rate. Loan: No loan/ OD permissible. Branches: All Branches. Documents:
2 Photgraphs of person/s operating the a/c, Introduction by an A/c holder and Copy of Partnership Deed/ Registration under Shop & Establishment Act/ Memorandum & Article of Association/ Resolution for maintaining a/c with Bank as applicable. Other
conditions: Adherence of KYC norms, IT. PAN, Form 60, Letter of thanks as applicable to SB/ CA applies. Product & Product code: SBCHQ-SURABHI-PUB OTH-ALL-INR (1088 2401) & CA-SURABHI-PUB OTH-ALL-INR (5088 2401). Ref. Cir. 287/ 2007-08
dated 21.08.07.
Eligibility: Resident Asessee as an individual or as Karta of JHF having income tax PAN. Purpose: To enable our customers to place long-term deposits to earn higher interest and also to avail tax benefits u/s 80 C of IT Act, 1961. Segment: Personal. Mode
of operation/ holding: Single or joint. No deposit in name of minor only, joint holding with an adult allowed. Benefit of 80C available to 1 st holder. Type of A/c: TD or STD normal a/c opening process. Period: min 5 yrs, max 10 yrs. Branches: All. Deposit
Amount: Min Rs 1000 or multiples, max Rs 1 lac p.a. Interest: Prevailing FD Rate, Period-wise. See Page: Latest Interest Rates. IT on Interest: Income liable for Tax deduction u/s 194A & 195 of the Act. Pre-mature Closure: Lock-in period 5 years, after
that normal TD pre-mature closure applicable. Nomination: Single of joint holders can nominate any person, No nomination on TD held by or on behalf of minor. In case of death of holder, nominee may encash any time before or after maturity. Stationery:
Normal TD/STD forms. A rubber stamp SBI TSS 2006, No premature closure before 5 yrs, Loan facility not available affixed on TDR/ STDR. Further, TDR is required to bear address, PAN and signature of the assessee. Loan: Not available. A/c may be
transferred to other branches. Duplicate TDR may be issued on indemnity (if TD above Rs 500) and completion of formality, if original lost. Others: 1. TD may be paid to legal heir in case of death the holder after completion of formalities. 2. KYC guidelines to
be followed meticulously. 3. 0.5% penalty if a/c closed after 5 years. For more details refer e-Cir 278 dated 22.08.2006.
of
trusts and other organizations having
cash accruals and needing safe
investment options of sweep and
reverse sweep.
- To provide value added product to
the
top
Corporates/
Institutions/Trusts.
25
Eligibility &
Type of A/c, Nomination, Currency
Authorised Branches
NRIs. (Individuals or
SB, CA, RD, Fixed Deposits
entities of Bangla Desh,
Joint A/c in name of 2 or more nonPakistan Nationality/
resident Individuals
ownership require RBI
Nomination Permitted
approval)
All A, B, C1 & C2 brs.
Currency Indian Rupees
-doA & B category
designated branches
Purpose of Loan
Special Features
Ref Circulars
Repatriability Permitted
Source of Funds From abroad
through approved channels
Benefits of Tax Income earned
free from IT, Wealth & Gift Tax.
Free Repatriation of P + I in any convertible
currency. Source of Funds From abroad
through Banking Channel. From existing
NRE/ FCNR a/c of same person.
-Income Exempted from IT, WT
(Ref Cir 433/2005-06 dated 07/01/2006)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
26
3
Non-Resident Ordinary
Account (NRO A/c)
DOLLAR PREMIUM ACCOUNT Special Features: 1. A product that combines the benefits of a FCNR (B) Deposit with forward cover to give enhanced return to its depositors. 2. Period 1,2,3 years. 3. Domestic Branches in India offer this product. 4. Minimum Deposit amount is same
8
9
Period of FD No
Restriction
ROI Bank free to
determine interest.
-An USD FCNR a/c with forward cover for as in FCNR deposits. 5. The product assumes continuation of forward premium on USD/ INR. 6. The product will be available for the depositors agree to receive their USD FCNR payment in INR. 7. Pre mature payment is subject to regulations as applicable to
Rupees
FCNR. 8. The cost of cancellation of the forward contract will be born by the depositor. Exhange Risk to be born by Bank.
SBI SUPREME
Special Features: 1.Product is available at select Branches OBU Bahrain & OBU Seepz, Mumbai. 2. Attractive Interest Rate 40 to 50 bps above FCNR interest rate. 3. Deposit offered fixed/ floating rates on cumulative/ non-cumulative basis. 4.
Different product with better return
Currency of Deposit USD, GBP, EURO. 5. Minimum Deposit USD 10000 or equivalent. 6.Tenor 1 to 5 years 7. ROI Upto 30 bps more than SWAP rate for relevant period depending upon the amount of deposit. 8. Loan & Premature payment available.
SBI SELECT : A multi Currency Option Product available at OBU Bahrain and SBI Hongkong Branch with feature of exchange risk on customers account. Exchange Risk to be born by Depositor.
RELAX & GAIN STRUCTURED Special Features: 1.Specially designed Deposit product to meet the Investors financial needs. 2. Normal period of deposit is 3 yrs or 5 yrs. 3. Scheme offers enhanced yield with Call Option or a Targeted Return. 4. Available at select branches viz SBI,
PRODUCT For Investment Savvy.
OBU, Bahrain.
Note: The last 3 deposit products were especially designed to mobilize IMD Redemption Funds. (Source : SBI Times)
(For Internal
Circulation Only)
SR SCHEMES
26
FEATURES
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
27
01 SBI SME COLLATERAL
FREE LOANS (SMECFL)
Target: The Chief promoter/ executive should be 21 to 65 yrs (Non-corporate), New & existing MSEs engaged in manufacturing & service sector. Elgibility: For loans > Rs
5 lacs and below Rs 25 lacs min overall score of 50% (Business & Personal), 60% in overall score except collateral details as in SME Smart Score. For loans Rs 25 Lacs
to 100 Lacs Units having SB 10 & above as revised CRA rating. CGTMSE Gurantee coverage Mandatory. Purpose: Working Capital (FB+NFB), TL for construction of
building, office, acquisition of machine, modernization/ expansion of unit. Assessment: Mfg WC As per Nayak Com (20% of Projected Turn over), TL 75% of Project
For Product Codes Refer ecost. Service WC- 15% of Projected Turn over/Revenue, TL 75% of Projected Cost. Quantum of finance: Total Exposure (FB+NFB) Above Rs 5 lacs & Upto Rs 1 Cr
Cir 799 dt 26.02.2010.
(All TL & WC). Type CC, BG, TL. Repayment WC: On Demand, TL: max 7 yrs incl moratorium of 6 m to 12 yr. Submission of Stock statement & Inspection of Unit Upto Rs 25 lacs Quaterly, Above Rs 25 lacs Monthly. Interest: Concession on loans sanctioned upto 30 th Sept 2010 for the FIRST yr FIXED RATE -Upto Rs 25 lacs:
9% (< 3 Yrs), 9.5% (3 Y & Above), Above Rs 25 lacs to Rs 1 Cr: 10% & 10.5% respectively. Loan Processing & Service charges 50% of card rate. Other charges
Normal Rates. CGTMSE Fee Normal, As applicable. Security: Primary Assets created out of loan. Collateral Unencumbered assets. TPG NIL, in case of loan to
Company guarantee of directors will be treated as TPG. Review & Renewal WC to renew every 2 yrs. TAT 2 weeks. For further details refer e-Cir 686 dt 12.01.2010.
02 SBI SMILE (Small & Micro R: To grant interest free loan repayable over a long period to assist eligible professional & technically qualified entrepreneurs for setting new MSEs and Units covered
Interest-free Loans as
under Banks Project Uptech for Technology Upgradation. Eligibility: 1. New Unit or covered under Banks Project Uptech. 2. Equity to genuine persons not able to meet
Equity)
margin. 3. Entrepreneur fully dedicated in Unit. 4. Eligible under Banks leberalised scheme. 5. Professionals & Technically Qualified. 6. Activity eligible under MSME Act. 7.
Equity Fund Assistance (ELA) Total Cost of the project > Rs 10 lacs. Max Loan: Rs 10 lacs for Micro & Small Scale Industires, Rs 5 lacs for Professionals & Self Employed persons. Min Rs 1 lac for
Product Codes: Services 6220-6511
Industrial units & Rs 50000 for Professionals & Self Employed. Min Equity Contribution by Entrepreneur 7.5% of cost of Project. Interest Funds lent under Equity Loan
Manfacturing 6210-6511.
Assistance (ELA) will bear no interest. Repayment: In 3 yrs after initial moratorium of 5 to 7 yrs. Disbursement in lump sum or in Installments. Follow up Close
monitoring, as it is Clean TL. Reporting Half Year ly to LHO.
Details in e Cir 760 dated 13.02.2010.
03 Yuva S B Account
Segment: Personal. Elgibility: Resident, Above 18 yrs to 30 yrs at the time of entry. Mode of Holding Single/ Joint/ Joint with survivorship. Available at all brs in
R: To entice the youth segment and bring Urban/Metro Centre. Deposit Amt: Min Rs. 5000/-, Max No limit. Interest, A/c maintenance & formalities SB A/c. ATM-cum-Debit Card: Yuva Card (VISA). Free
them in our fold, the new product with
Internet Banking & SMS Alert Many add on facilities in remittances/ collection, MCC, Inter-core transactions & DDP. For further details pl refer e-Cir 718 dated 29.01.2010.
bundle value propositions and services
was introduced.
04 KRISHI KALYAN
Farmers Easy
Empowered Loan (FEEL)
27
Rationales: To provide timely & adequate credit to farmers to meet production & consumption expenses. To offer credit against the stocks stored in farmers own premises/
godown. To reduce the multiple process of separate application, documentation & EM Creation. Eligibility: All non-defaulter and credit worthy farmers having good track
record and cultivating crops. Classifiaction: Direct finance to Agl under Priority Sector. Facility: ACC. Quantum of Loan: Three credit components- 1. Production Credit
Anuual credit needs to be sanctioned on operational land holdings, cropping pattern and scale of finance. No Upper Limit. 2. Contigency Credit- max 20% of the production
credit limit. 3. Produce Marketing Loan fixed on current market price or MSP fixed by Govt less margin multiplied by the quantum of stock to be stored. Max limit Rs 10
lacs per borrower. Margin: Production Loan: a. Scale of Finance No margin. B. If computed from cost of cultivation (for limit > Rs 50000). Consumption Loan: NIL.
Produce Marketing Loan: a. Goods stored in farmers godown: 40%. Loans against WHR 20 to 35%. Security: No collateral if limit up to Rs 1 lac. Documents: AB1,
AB2, AB3, WHR/ Annex4, DPN & DPN Take Delivery letter, Arrangement letter. Interest: As applicable to ACC/ KCC. Repayment PML to be repaid within 12 months.
Insurance: 110% of current market value of the stock. Stock Statement: Bi-monthly. Other Conditions As in Agl loans. For further details Refer e-Cir743/ 11.02.2010.
Eligibility: i. Annual Income of Customer above Rs 10 lacs, or ii. Aggregate deposits balance more than Rs 5 lacs. Mode of operation: PIN on ATM and signatures on
ME/ PoS. Daily ATM Cash Withdrawal Limit: Rs 1 lac in India, USD 2000 abroad. Daily purchase limit on PoS: Rs 2 lacs in India, USD 4000 abroad. Issurance 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). Lost Card Liability: Rs Upto Rs 50000/- Replacement Card Fee: Rs 200. Regeneration of PIN: Rs 50. Loyality Points: 4 points for every purchase of Rs 100 at
PoS.
For further details refer e-Cir 851 dated 23.03.2010.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
28
06 SBI Flexi Deposit
R: To enable our customers to place
long term deposits to earn attractive
interest with flexibility in choosing deposit
amount. Segment: Personal
28
Eligibility: Resident Individuals incl minors. Account: R D (Variable deposit) a/c. Period: Min 5 yrs, Max 7 yrs. Branches: All except, Spl Credit Intensive Brs. Min
Deposit: Rs 5000 per FY, in multiple of Rs 500, min Rs 500 per deposit (Penalty Rs 50). Any number of times of deposit in a month. Max Deposit: Rs 50000 in a FY.
Interest: As applicable on TDs. Int subject to TDS. Premature Closure 1% below the rate applicable. Nomination available. Loan Facility: As on TDs. Others terms &
conditions as applicable to other deposits.
For more details refer e- Cir 823 dated 06.03.2010.
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. Eligibility: Individuals incl minors in single or joint names. Account: Annuity (Term) Deposit. Branches: All. Min
amt of Deposit: Rs 25000 based on min monthly annuity of Rs 1000/-. Universal passbook & no receipt. Tenure: 36/ 60/ 84 or 120 months. Interest: As applicable to TD
of tenure as opted by depositor. Premature Payment in case of death only. Account opening As TD/ STD, Universal passbook & no receipt. Nomination: Available. Loan
Facility: Max 75% of balance amt of Annuity, further annuity to be deposited in loan a/c only. Others As applicable in deposit a/cs. Ref e- Cir 822/ 06.0.10.
Rationales: Ministry of Housing & Urban Poverty Alleviation (GOI) designed this scheme to address the housing needs of the Economically Weaker Section (EWS) and
Low Income Group (LIG) through Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Eligibility: Beneficiary should not own a house in his own / dependents
name. Parameters Average monthly household income: Rs 3300 (EWS), Rs 3301 7300 (LIG), Min size of house: 25 Sq m (40 Sqm), Max permissible subsidized loan
amt: Rs 1 lac (Rs 1.60 lac), Max loan amt eligible for subsidy: Rs 1 lac for both. Identification of the beneficiary by Urban Local Board or Local Nodal Agency identified by
respective Govt Agencies. Interest Application: on daily balance at monthly rests. Repayment: In EMIs calculated after reducing the Central Govt Subsidy. Prepayment: No
levy. Security: Primary Mortgage of the dwelling unit. Collateral or TPG Not applicable for loans upto & incl of Rs 1 lacs.Subsidy: Loans eligible for Central Govt
subsidy of 5% on the interest charged by the bank on the admissible loan amount. Others Age, No. of borrowers, EMI/ NMI Ratio, processing fee, interest rates etc as in
Home loan a/cs. Sunset clause Open for sanction upto & incl 31st March 2012.
For further details e-Cir 816/ 05.03.10.
Eligibility: All depositors under Gold Deposit Scheme holding the certificates either as original holder or as transferee. In case of joint (Individuals only), only former will be
eligible. In case of guardianship, loan to guardian for the benefit of minor. Loan to 3 rd party as collaterals, but not against the deposit held by Trust/HUF/Minor. Purpose: Any
general purpose. Type: DL, OD. Quantum of Loan: Min Rs 1 lac, Max Rs 5 Cr. Beyond Rs 5 Cr Administrative clearance of Network GM required. Margin: 25% of
principal value of Gold deposit certificates pledged. Drawing Power: On Principal Value of deposit at monthly intervals as given by Bullion Br Mumbai. Security: Duly
Discharged GD Certificate. Sanction & Disbursement of Loan: By all brs, mark lien at Bullion Br, Mumbai on GD, and disbursement after confirmation of lien only.
Interest: At SBAR at monthly interval, if not paid within 6 months the loan a/c will be forclosed by pre-mature closure of GD A/c. Period of loan: Not exceeding 24 months.
Loan may renewed, if extended period within the maturity of GD, regular int servicing & after obtaining revival letter. Repayment: In a bullet payment or in EMI, During
tenure of loan, int due on GD Certificate will be credited to loan a/c. Foreclosure of the loan: Apart from 6 months overdue of interest, the loan will be liquidated by
foreclosure in case of death of the borrower/ depositor with penalty of no int payable (Within 1 yr), 0.5% < rate of 3 yr deposit (1 to 3 Yr), 0.25% < rate on period of
deposit with bank (3 yrs & above). Control Report & IRAC Norms As per TD. For further details refer e-Cir 299 dt 10.08.09 and 352 dt 26.08.09.
Organic farming - A system of farm design and management which creates an ecosystem thru which sustainable production can be achieved without the use of artificial, external inorganic inputs like
fertilizers, insecticides and pesticides. Consumers demand for organically produced food products and societys demand for more sustainable development provide new opportunities for organic farming
and business associated around the world.
(Refer Cir no. 615 dt 03.12.09)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
29
11 TRACTOR UPGRADATION
(SANJEEVANI)
Enterprises A branded
variant of SME Credit Card.
Product Codes: SSI 6310-1101
SBF 6320-1101.
29
Rationales:To assist the farmers, who are regular in their repayments for repairs / maintenance of tractor and for purchase of additional implements. Eligibility: Borrowers who have already availed the
loan facility from our bank before three years or more and whose accounts are closed / or regular/standard (IRAC) and who have paid a minimum of 2 yearly or 4 HY installments. Classification:
Direct Finance to Agriculture under Priority Sector.Facility: Agricultural Term Loan. Quantum of Loan: Repairs: Up to a Maximum of Rs. 50,000/-. Addition of new implements: Up to a Max of Rs. 1 lac .
The loan limit should be to the extent by which the existing loan has been reduced. Margin: Up to Rs.50, 000 NIL. Above Rs.50,000 - 15-25% of invoice price. Security: Upto Rs. 50,000/Primary - Hypothecation of tractor. Collateral NIL. Above Rs. 50,000/-Primary - Hypothecation of tractor. Collateral Mortgage / Charge over the Land. DSCR 1.75%. Upfront fees: Up to Rs. 2 lacs Nil.
Inspection Charges: Up to Rs.25,000/- - Nil. Over Rs 25,000/-& up to Rs. 2 lacs - Rs.500/- p.a. (Refer e-Cir 602 dt 30.11.09)
Purpose: TL & OD for purchase of new car with minimum loan of Rs 5 lacs. Eligibility: Age 21 to 65 yrs for sanction of loan, repayment before 70 yrs, individuals with regular source of income. NAI Rs
2.50 lacs p.a., NMI/EMI Ratio: 50%. Ratio may be relaxed by AGM up to 70%, if NAI above Rs 10 lacs. Authorised Brs: All RACPCs, RCPCs, PBBs, Super Circle of Excellence Brs, Dist HQ Brs and Brs
authorized by RMs. Loan Amt: Min Rs 5 lacs, Max 48 times of NMI for salaried, 4 NAI as per ITR for others. Margin: 15 %. Repayment: max 7 yrs in EMIs/ PDCs. Interest: Upto 3 yrs 1% < SBAR, Above
3 to 5 yrs 0.75% < SBAR, Above 5 to 7 yrs 0.5% < SBAR. Spl concession of 0.10% under Plus schemes (HL, Auto, Festival, Saral & Credit Khazana), 0.25% for customers eligible under Corporate
Salary Package, but ALL concessions should not exceed 0.25%. Penal Int @ 2% on entire loan outstanding for the period of default or amt prepaid. Processing fee: Upfront, when sanctioned 0.5% of loan
Min Rs 500 max Rs 10000, when rejected 25% of fee will be retained subject to min Rs 500 max Rs 2500. Security: Hypo of vehicle, No other security. If spouse income taken into a/c, he/she should be
made co-borrower. Documentation: As applicable in SBI EZEE Car loan scheme. Insurance: Comprehensive in name of borrower for the market value or 10% above the loan amt whichever is higher,
Banks interest to be noted. Processing Time: TAT 2 days. Service charge to Car dealers flat 1.5%. For further details e-Cir 495 dt 14.10.2009.
A Biometric enabled, chip based Tiny card to SHGs, as a group, while its individual members will get existing SBI Tiny Cards. The SHG Office bearers as identified by the group after KYC compliance will
perform the transactions through Customer Service Points (CSP) outlet of Bnak appointed Business Correspondent (BC) or at Point of Transactions (PoT) For details Refer e-Cir 469 dt 05.10.2009
Purpose: General purpose loan to provide hassle free credit to low income gr holding SB Tiny Card to meet their exigencies without insistence on security, purpose or end-use of the credit. 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. Facility: Savings Bank-cum- Overdraft A/c. Loan Amount: Higher amt
either 4 times of avg monthly income of last 6 months or 4 months net monthly income assessed by branch, min Rs 1000, max Rs 25000. Repayment: max 24 EMIs from one month after disbursement. DP
reduced monthly. Security & Processing fee: Nil. Interest: 2% above SBAR, monthly rest. Disbursement: By sanctioning limit in SB A/c. 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. Authorised Branches: Link branches
where the SB Tiny of the customer is maintained.
For more details, Refer e-Cir 468 dated 05.10.2009
Segment: Personal. Type of A/c: RD A/c on biometric smart cards issued to individuals. Eligibility: Single individual only, who have already opened SBI Tiny SB A/c with us. Only one a/c per customer.
Availiable at Customer Service Points (CSPs) of Bank appointed Business Corresspondents. Initial Deposit Amount: Rs 10 in cash. Monthly Installments: Any amount, multiple deposits in a month. Tenure:
Fixed period of 36 months. KYC Norms: As alid down by RBI for No Frill A/c. Interest: As in 3 yrs TD Rate, compounded quarterly on monthly products. Pre-payment attracts 1% penalty. Operation of A/c:
Simlified Account opening. Transaction by smart card at CSP. No penalty for non payment of any amt. No debit allowed other than pre payment or payment on maturity. No pass book, Mini statement with
last 10 transactions. Nomination: Available. 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)
Rationale: To promote the CGTMSE cover and offer a bundled product in order to increase the number of Micro Enterprises units getting collateral free credit from the bank. Eligibility: Micro Enterprises as
defined by the MSMED Act, excl Mfg & services trade. Max Loan: Rs 5.00 lacs. Purpose: Working capital & Equipment purchase. Facility: Demand Loan repayable in 3 yrs. Screeing & Assessment: As
per SME Credit card Scheme. Annual submission of Stock statemnt and Un-audited balance sheet. Interest: 8 % fixed with CGTMSE Cover. Security: Primary Current & Fixed Assets acquired out of
Bank of Finance. Collateral NIL except Promoters Gurantee, however unencumbered assets of the unit being financed may be taken. Processing & Inspection charges waived. CGTMSE fee to be
recovered. Scheme is available upto 31.03.10 for sanction & disbursment. For further details e-Cir 267 dt 27..07.09.
Rationale: In view recent growth in pension after implementation of 6 th Pay Commission, it has been decided to formulate a new scheme for affluent pensioners to cater their personal needs & matching
their repaying capacity. Eligibility: All Central/ State/ SBI Pensioners mentioning pension a/cs or drawing pension by chq payable on us, should not be more than 72 yrs. Family Pensioners: Spouse
authorized to receive pension after death, should be more than 65 yrs. Loan Amt: Max 12 months net pension max Rs 3 lacs. Family Pensioners: max 9 months of net family pension with ceiling of Rs 1.50
lacs, EMI < 25 % of net pension. Collateral Security: TPG of Spouse/ others good for the value. Family Pensioners: TPG of person maintaining satisfactory a/c with us preferably son/ daughter.
Repayment: Upto 70 yrs 36 months, age at time of full repayment 73 yrs. For 70-72 yrs 24 months, age at time of full repayment 74 yrs. Pensioners to submit PAN or 15 H before availing this loan.
For Further details e-Cir 223 dt 11.07.09.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
30
18
30
A tie-up with Indian Army with 12.40 lacs Personnels on line of our existing Corporate Salary Package. 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.
KYC Formalities for all 4 variants: Compulsory proof of ID as First ID field and proof of address as 2 nd ID Proof, Letter of Army Unit if other Add proof not available.
Min Balance required: NIL. Life Time Unique Account number available under all variants. ATM-cum-Debit Card: Domestic card to Silver, International Gold Card to others. Free of cost. Free Add on card
to spouse. No Annual Maintenance charge. Unlimited Transactions allowed max Rs 40000 a day to Silver & Rs 50000 ($ 1000) for others. Internet Banking: Free, Charges applicable for 3rd party site like
Railway etc. Core Power: Transaction at Non-home Brs Free. Transfer of funds between SBI Brs Free for DSP A/c holders, charges applicable to beneficiary for trasfer above Rs 20000/-. Cheque
Book: Unlimited, free except applied for EMIs to other Banks. Multi-City Cheque Leaf & Payment charges Free. Easy Overdraft upto 2 months Net Salary, payable with 6 months, can be converted to
personal loan payable in 48 months. Draft Issue per month with a ceiling of Rs 50000 per draft 5 (Silver), 10 (Gold), 25 (Diamond), Unlimited (Platinum). RTGS/ NEFT Free. Free Pass Book updation at
non-home Brs. Int on Personal, car and home loans except Happy HL for 1 st 12 months or SBI Easy HL & SBI Advantage HL for first 36 months 50 bp below card rate (Refer e-Cir 235/ 15.07.09). 5%
concession in margin on Home loan. Free Processing charge in P Seg loans. For further details Master e-Circular 150 dt 08.06.09 .
For new car only. The scheme is extended to 31.03.2010 on following Conditions Interest: 1st Yr 8% Fixed, 2nd & 3rd Yr 10% Fixed. After 3rd yr Card Rate on the date of sanctionon flating basis. No
other Int concession. Reset of Interest on anniversary date of loan as applicable on the date of sanction. Processing Fee: 0.50% of the loan amt. (Refer e-Cir 190 dt 27.06.09 & 441 dt 29.09.09)
Amount Max Rs 5 lacs. Loan Term: Max 120 months incl moratorium period. Interest Rate: 8% p.a. Fixed Rate for first 60 months, 61 months onwards, the rate will be reset with Floating rate at 2.75%
below SBAR or Fixed rate of 1.25% below SBAR. Fixed rate shall be arrived at on the basis of SBAR prevailing the time of reset. (Ref e-Cir 300 dt 10.08.2010)
Launched on 01.07.09. The product is designed to address the customers need for HL at affordable int rates & a fair amt of certainty about loan repayment obligations over a peiord of time. Facility: TL or
OD as in SBI MaxGain (OD available for Loan above Rs 5 lacs). Max Loan: Rs 50 lacs. Interest Rates: 1st Yr from the date of disbursement 8% Fixed , next 2nd & 3rd yrs 8.5% Floating rate after 3 yr
2.75% below SBAR. Repayment: EMI to be adjusted as per rate of int applicable in 1 st, 2nd & afterwards. Features other than mentioned above will be as in case of SBI Home loan Scheme. For details - eCir 186 dated 26.06.2009.
SBI Easy HL ( wef 1st April 2010)Ma x Loan: Rs 50 lacs, Facility OD(Maxgain) or TL, Interest: 8% -1st yr, 9% -2nd & 3rd Year, After 3rd yr - Floating Rate 1.75% < SBAR i.e. 10.00 or Fixed Rate 0.75%
< SBAR, with reset frequency of 5 yrs. (Refer e-Cir 869/ dt 29.03.10)
The product is designed to address the customers need for HL at affordable int rates & a fair amt of certainty about loan repayment obligations over a peiord of time. Facility: Term Loan. Loan Amt.: More
than 50 lacs. Int Rates: 1st Yr 8% Fixed, 2nd and 3rd Yr 9.%, after 3 yrs Floating: 1.75% < SBAR, Fixed: 0.75% < SBAR with reset frequency of 5 yrs. Repayment: EMI to be adjusted as per rate of int
applicable in 1st, 2nd & afterwards. Features other than mentioned above will be as in case of SBI Home loan Scheme. For details - e-Cir 187 dated 26.06.2009.
Revised Instruction During SBI My Home Campaign: Loan Amt: Rs 50 lacs, Facility: TL, Interest 8% (1st yr), 9% (2nd & 3rd yr), After 3rd yr 1.75% < SBAR 10% (Floating), 0.75% < SBAR (Fixed) with
reset frequency of 5 yrs. (Refer e-Cir 869 dt 20.03.2010)
Presently we have 5 types of CA for non-individuals Power Pack, Power Gain, Power Jyoti, Sahaj & Normal CA. First 2 are premium a/cs, in which customers gets various concessions for maintaining
stipulated Quarterly Avg balance. Power Jyoti is for Instiutions, Trusts etc for their collection needs. Sahaj with QAB of Rs 1000 for small SME entrepreneurs. For normal CA min balance stipulation is Rs
10000/-. Many SME Customers are finding it difficult to maintain a QAB of Rs 1 lacs and normal CA does not gives added services. Keeping this into consideration and competing with the similar products of
other banks, SBI Shakti a new CA product is designed with QAB of Rs 20000 with certain concessions. Penalty for non-maintainence of QAB Rs 750 per qtr. Cash Deposits/ withdrawal at Home Br
Unlimited, Cash Deposit/ WD at non-home br Max Rs 20000 on charge of Rs 100 per transaction. Deposit of Chq & clg instruments at Home/ Non-home br, issuance of BDs/ B chq/ Pay Orders,
Remittances at concessional rates. CINB Free. Multi-city Chq, NEFT & RTGS available at normal charges. Penalty on closure of a/c within 12 months Rs 750. (e- Cir 115 dt 18.05.2009)
Rationale: For stimulating growth in residential real estate and related sectors in the economy, it has been decided to provide to the genuine needy buyers to buy dwelling units by freezing interest at 8%
p.a. for a period of 1 yr on all new Home loans. Eligibility: All Home loans to public incl take-overs sanctioned on or after 02.02.09 and atleast partially disbursed on or before 30.09.09 incl SBI Spl HL.
Interest Rate freezed at 8.00% (Fixed) upto 30.09.2010. After that interest will reset as per regular contracted rate. Repayment: EMI set at 8% in first 12 months; EMI will be reset on outstanding balance
after 12 months. Loan Amount: To be worked on regular contracted rate after 12 month. Processing Fee: waived upto 30.09.09.
(e-Cir 657 dated 04.02.2009)
Rationale: To meet any short-term expenditure, except speculative investments, which adds comfort to the life style of the borrower (like vacation travel, purchase of gold & lifestyle goods etc) with
satisfactory repayment record. Eligibility: Satisfactory repayment of HL, minimum 5 EMIs repaid, Standard Asset. This loan may be availed by HL borrower or spouse guaranteed by HL Borrower. Loan
Amount: 10% of HL, min Rs 10000 max Rs 5 lacs. Interest: 8% (Fixed). Tenor: 24 months. Type: Demand Loan. Repayment: in 24 EMIs. Modality: Offer letter to be sent to eligible HL Borrowers.
Processing Fee: NIL. Sanctioning Authority: Home Branch. Documents: Acceptance of offer, D P Note, DP Note Delivery letter, Guarantee Agreement, if applicable. TAT: Same day. Validity of offer:
On or before 30.09.09. Disbursement: Through SB/ CA or Prepaid cards.
(Refer e-Cir 657 dated 04.02.2009)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
31
26 SBI Special Home Loan
For small ticket HL Borrowers.
Date of Launch: 16.12.2008.
27 SME Help
28 SME Care
Rationale: Scheme was launched for stimulating growth in economy in response of GOI & RBI and as per IBA guidelines. Focus on a degree of certainty and affordability to repay over longer period (20 yrs) at fixed rate with reset
of 5 yrs instead of 2 yrs. Product available Upto 30.06.2009. Purpose: Purchase/ construction/ renovation* (*Under SBI Freedom only) of old/ new house/ flat/ plot of land** (**repay as per SBI Realty Scheme) together with
registration & stamp duty. Eligibility: Single persons only, Resident or PIOs above 18 yrs with regular verifiable income in last 2 yrs, incl SBI Staff. Type of Loan: Term Loan or Overdaft (as per SBI Maxgain for loans above Rs 5
lacs). Max Loan Amount: Rs 20 lacs. Interest: Loan upto Rs 5 lacs: 8.5% p.a., Above Rs 5 lacs: 9.25% p.a. fixed rate with reset every 5 years. Risk based or any special concession on interest not applicable. Margin: Loan upto
Rs 5 lacs 10%, Above Rs 5 lacs to 20 lacs 15%. Tenor: 20 yrs or 70 yrs of age whichever earlier. Repayment: In EMIs. EMI/ NMI ratio in Home Loan. Processing Fee waived. Other terms & conditions as per Home Loan
Scheme.
(Refer e-Cir 572 dated 23.12.2008)
Rationale: To extend concession and relief to the SME units facing constraints in current slowdown to meet the crises till the economy takea a turn for the better. Purpose: Funding urgent/ additional need of machines/ tools/ Gensets and other fixed assets. Eligibility: All satisfactory a/cs with Fund based limit upto Rs 10 crs, subject to earned profit in last 3 yrs, regular submission of SS & Financials, timely renewal, and satisfactory Debit/ Credit
summations. Type: Term Loan. Period of Loan: 5 years. Margin: 15%. Interest: 8% p.a. for 1 year, thereafter normal rate. Repayment: Moratorium for 6 months, in which int to be serviced Security: All existing/ new fixed
assets, collateral if available. Insurance: All acquired assets to be covered. Other features. 1. This loan on merit on case to case basis. 2. Sanction as per discretionary power vested.
(Refer e-Cir 645/ 29.01.2009)
Scheme extended to 31.03.2010 (e-Cir 733/ dt 08.02.2010)
Rationale: This scheme was launched in order to ease the liquidity position of the SME units and to tide over the current downturn/ slowdown till the normal pace of economy. Purpose: For holding higher inventory/ increased
carry period of receivables upto 6 months. Eligibility: All satisfactory a/cs with Fund based limit upto Rs 10 crs, subject to earned profit in last 3 yrs, regular submission of SS & Financials, timely renewal, and satisfactory Debit/
Credit summations. Facility: WCDL (Working Capitla Demand Loan). Limit: 20% of the existing fund based working capital limits. Period of Loan: 1 year. Appraisal: As per realistic projection of cash flow for 1 yr. Margin: As per
existing loan. Interest: 8% from the date of launch of scheme (e-Cir 672/ 11.02.09) Repayment: Moratorium for 6 month, in which only interest to be serviced. Entire loan to be liquidated in next 6 months in monthly/ quarterly
installments. Security: All existing securities. Other features: 1. Facility to be extended on case to case basis. 2. Sanction of loan Upto Rs 2 Crs by Branch AGM/ RBO /CPC, Loans upto Rs 1 Cr Branch CM/ RBO/ CPC. Put up
for control as per Delegation of Powers.
(Refer e-Cir 534/ 03.02.2008)
Scheme extended to 31.03.2010 (e-Cir 733/ dt 08.02.2010)
Note: SME Care was formulated to assist the SME Units with fund based limits up to Rs 10 Crs. However, some units, which fall beyond the threshold limit of Rs 10 Crs, have also been equally affected by the downturn facing liquidity crunch. Specials relief and concessions may be offered to those units as
1. Short Term adhoc limits for purchase of bulk raw materials not exceeding 180 days. 2. Rephase TL on case-to-case basis within overall loan policy of the bank. 3. Fresh TL under Short Corporate Loan to meet any contingent liability. 4. Reduction in margin of receivables and extended credit on receivables
upto 6 months. 5. Funding of Cash losses and/ or interest, working capital irregularity by way of STL with waiver of penal interest. Besides the above, units needing long term loan may be covered by banks sch for rehabilitation or CDR Mechanism. (e-Cir 777 dated 30.03.2009)
31
30
31
Purpose: Term loan for purchase of construction equipments viz. loaders, excavators, cranes etc manufactured by JCB India. Eligibility: Individual/ Firms/ Companies engaged in construction works. Loan
Amount: Min Rs 15 lacs, Max Rs 100 lacs. Tenure: Upto 4 years, incl 3 months moratorium. Margin: 25% for borrower new in this line buying first machine, 15% in case of buyers have upto 9 machines,
5% for buyers having more than 9 machines. Interest: SB 1 to SB 5 (New): SBAR, SB 6 to SB 9 (New): 50 bps above SBAR. Security: Primary Hypo of tools financed by bank, Registration with ROC if
vehicle; Installment by SI/ PDC (3 PDC must in case of SI). Collateral Hypo of other tools, mortgage of property atleast 25% of loan. Assessment: As in TL. Disbursement: Direct to Suppliers. Repayment:
In EMIs. Penal Interest: 2% of amount and for the period in default. Inspection: HY. Insurance: Comprehensive fav SBI, policy as loss payee. Processing, prepayment, inspection and all other charges
at Card rates. All other terms & conditions as applicable like in SME Advances.
(Refer e- Cir 627/ 16.01.2009)
Introduction: GOI has approved a new credit linked subsidy programme called PMEGP by merging 2 schemes in operation till 31.03.08 namely PMRY (Prime Ministers Rojgar Yojna) and REGP (Rural Employment Generation
Programme) for generating employment through micro-enterprises in rural as well as urban areas. This is a Central Sector scheme, administered by Ministry of Micro, Small and Medium Enterprises and implemented by KVIC
(Khadi Village Industries Commission). Rationales/ Objectives: 1. To generate employment in rural & urban areas by setting self-employment ventures. 2. To bring together widely dispersed traditional artisans/ rural & urban unemployed youths and give them self-employment opportunities. 3. To give continuous and sustainable employment to arrest migration of rural youth to urban areas. 4. To increase wage-earning capacity of artisans to increase
growth rate in rural & urban areas. Eligibility: 1. Any individual above 18 yrs. 2. No income ceiling. 3. Educational Qualification for project above Rs 10 lacs in mfg / Rs 5 lacs in business/ service sector atleast VIII pass. 4. New
Project sanctioned under PMEGP only. 5. SHGs incl belonging to BPL & not availing benefits under any other scheme. 6. Institution regd under Societies Registration Act 1860. 7. Production of Co-operative Societies. 8.
Charitable Trusts. 9. Existing units under PMRY/ REGP or any GSS availing subsidy are not eligible. 10. One person from one family. Family includes self and spouse. Other Elgibility Criteria: 1. Relevant Caste certificate. 2.
Certified copy of bye-laws of the institution for Margin Money (Subsidy) claim. 3. Project without capital expenditure is not eligible. Project above Rs 5 lacs not requiring Working capital, needs clearance from Controller. 4. Cost of
land should not be included in Project. 5. All new viable micro-enterprises incl village industries. Quantum of Loan: Max cost of Project under mfg sector Rs 25 lacs, under business/ service sector is Rs 10 lacs. Margin: 10%
(General), 5% (SC, ST, OBC, Minorty, Women, Ex-serviceman, Phycally handicapped, NER, Hill and Border Areas. Subsidy: General 15% (Urban), 25% (Rural), Others as above: 25% (Urban), 35% (Rural). Implementing
Agencies: Nodal Agency at national and state level KVIC. & DIC in rural areas, Banks & Financial Institutions etc. Identification of beneficiaries: done at district level by a Task Force consisting representatives of KVIC, DIC
and Banks headed by DC. After conduct of Entrepreneur Development Programme training, the beneficiary will deposit owners contribution with bank. Margin Money (Subsidy) claim will be submitted the Bank after partial/ full
finance. Released Subsidy will be kept in TD for 3 yrs fav the beneficiary. No interest on TD and corresponding amount of loan. Subsidy kept in TD will be transferred to loan a/c after 3 yrs.
(For further details see Guidelines on PMEGP on RBI website)
Rationale: To provide easy access to short term production and consumption credit to meet genuine requirements of tenant farmers, share croppers and oral lessee having no recorded land records or written document and
increase their income from agl activities. Eligibility: Tenant Farmers, sharecroppers with recorded tenancy rights and Oral lessee. Permanent resident proof of atleast 2 yrs. Migratory tillers not allowed. Purpose: Purchase of
improved seeds, fertilizers, pesticides, hire of tractors, electric & irrigation cost, part of consumption. Facility: Revolving CC Annual Review and renewal once in 3 yrs. Limit: Max Rs 50000/- on the basis of an affadavit as
proof for cultivation of crop, cultivated land area incl consumption need (20% of production limit) + 20% of production limit as immediate need after harvest for next sowing or for self-consumption. Margin: Nil. Disbursement: 20%
on sanction rest in phases as per need. Documents: DP Note (COS 229), DPN take delivery letter, Arrangement Letter. Security: Clean Loan. Repayment: Sale proceeds through CC A/c. Interest: As ACC. Sanctioning
Authority: As per Crop loans. Accident Insurance & other features: As per KCC. (For details refer e-Cir 431 dt 15.10.07)
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
32
32
33
CONSTRUCTION EQUIPMENT
LOAN For financing New
Machinery/ Equipments/ Vehicles for
construction activities.
34
Eligibility: NGOs/ MFIs should any one Regd Society/ Regd Trust/ Regd Company/ Non Banking F Is or any Institution engaged in micro-finance. Track Record of NGO/ MFI: a. NGO/ MFI having minimum partnership of
SHG/JLG 50 and individuals - 500, b. In cluster financing min membership of Federation should be 30 SHGs, c. secular in nature, d. maintains a satisfactory & transparent accounting, MIS and Internal Audit System, e.
Continuous profit in last 2 years, f. not be defaulter, g. having risk portfolio less than 5% etc. Rating of NGO/ MFI: i. Loan below Rs 200 lacs Specific Scoring model min 60 marks, ii. Loans above Rs. 200 lacs Valid Credit
Ratings (Top Four) from any Micro Credit Rating Agencies iii. Having existence of more than 2 yrs & Projected profit sufficient to meet the repayment obligations of the Bank (Refer e-Cir 213/ 07.07.09). Nature of Facility: MTL or
CC. Margin: Nil. Frequency & Quantum of Loan: Need based repeat finance worked on health and business plan. Calculation of TOL/TNW: a. The loan loss provisions kept by the NGOs/ MFIs may be treated as part of TNW.
B. Unsecured loans from members of Govt Body treated as part of TNW. (Refer e-Cir 213/ 07.07.09). Rate of Interest: a. Charged by Bank linked with SBAR. See Page Latest Interest. b. To be charged by NGO/ MFI
freedom to decide reasonable rate, which is also a part of document. c. Any charge to be quoted by MFI/ NGO will also be part of agreement. Repayment: TL Monthly/ Quarterly/ HY installments on the basis of project/ purpose,
max 3 yrs. CC renewal annually. Security: Primary Hypo of Book debts, Collateral: Nil, however, Gurantee of Promoters and charge over available assets to be explored. Documents: Specfied Application, Arrangement letter,
Articles of Agreement and Deed of Gurantee. Sanctioning Authority: Not below AGM. (For Further details See e-Cir 476 dt. 05.11.07 & 593 dt 02.01.2009)
Eligibility: Firms/ Cos engaged in Construction with min SB-3 rating or equivalent in new model. Quantum of Loan: Min Rs 25 lacs (e-Cir 83 dated 10.05.2008), Max Rs. 25 Crs (Metroes Rs 50 Crs). Tenure: 2 to 3 years
from first disbursement, can be extended to 4 yrs on merit. Margin: 15 20% in case of SB 1 and SB 2 borrowers, 20-25% for others. Interest: For SB 1 & SB 2 borrowers 1.5% below SBAR, Others 1.25% below SBAR. No
further concessions allowed. Security: Primary Hypo of Equipment/ Vehicle, Pre-payment cheques for Principal amount. Collateral: Hypo of other unencumbered Equipment or Mortgage of atleast 25% of the loan.
Assessment: As per TL. Documents: Revised SME documents. Disbursement: Payment direct to Suppliers in several tranches (one tranch not below 10%) within a year. Repayment: In EMI, variable repayment on cash flow if
so desires. Processing charges: For SB 1 & SB 2 borrowers: Rs. 200 per lac. For others Rs 300 per lac. Max Rs 10 lacs. SA may reduce upto 50% on business considerations. Documentation charges: SB 1 & 2 Borrowers
Rs 5000, Others Rs 10000. Pre-payment charges: 1% of amount pre-paid. Penal Interest: 1% (SB1 & 2), 2% (Others) per month for amount in default. Insurance: Comprehensive with endorsement in fav of SBI on the policy
as loss payee. Inspection: Half Yearly, may be waived by SA. Review: Annually. Branches: All.
(Ref e-Cir 705 dt 04.03.08, 83 dt 10.05.2008).
Eligibility: Existing Corporate or non-corporate customers with ratings of SB3/ SBTL3 and above (SB1 SB7 in new CRA Model). Consider Non-customers on selective basis. Purpose: For any genuine commercial purpose in
line with regular business activity. CERs - are tradeable instruments, which are purchased by the developed countries to meet their emission reduction target under the protocol. One unit of CER is one tonne equivalent of Carbon
dioxide emission reduction. Quantum of loan, Appraisal & Assessment: Minimum Rs 1 Crore. Loan not exceed 60% of total selling price for anticipated Carbon Emissions Reductions (CERs) upto 2012 and as mentioned in
the ERPA (Emission Reductions Purchase Agreement) and terms sheet signed between the buyer and the seller. Pricing: As per CRA, Competitive pricing on usual terms. Margin: 40%. Repayment: Max 5 years or residual
period of ERPA whichever is earlier. Security: Primary Hypo of future CER Receivables. Collaterals First (Preferably) or Second on fixed assets on pari passu basis. Personal Gurantee of Promoters/ Partners. Processing/
Other charges: 1% of loan. Deviations: Any deviations will need prior approval of Carbon Finance Committee at Corporate Centre. Documents: Usual C&I/ SME documents. Inspection: Quarterly or As approved. Sanctioning
Authority: As in Term Loan. Factors to be examined for loan requests: Capability to generate CERs, Buyers standing, Vetting of ERPA etc.
(For further
details See e-Cir 752 dated 28.03.08)
(For
Plastic Money may be distinguished into three different Cards 1. Debit Card: PAY NOW, BUY NOW. 2. Credit Card: BUY NOW, PAY LATER. 3. SMART CARD: PAY NOW, BUY LATER.
Smart Card is an electronic purse, an e-cash card, a standard card with an integrated micro-processor chip and inboard CPU to store information, examples Combo (MAHE) Card, Pay Roll card, Gift Card all of SBI. Developed with latest silicon technology, with pre-programmed memory
and security codes, Credit Cards are an other example of convenient banking, examples: SBI Credit Cards Advantage card, Employee card, Vishal Megamaert card, City Card etc. Debit cards are similar to ATM Card with an additional facility of using them in merchant establishments/
Points of Sale (POS), examples ATM cum- Debit card, Visa / MasterCard Gold International Debit Card, Vishwa Yatra Foreign Travel Card etc.
32
FEATURES
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
33
01 ATM cum- DEBIT CARD
(State Bank Cash Plus Card)
Largest
Indian
bank
unparalleled convenience
customers.
giving
to its
Eligibility: SB, CA Customers incl minors (e-Cir 615 dt 09.02.07), No restriction of deposit amount. Daily Cash Withdrawal limit: Rs 40000. (e-Cir 326 dated 10.09.08). Daily purchase limit: Rs 25000. Mode of operation: PIN on ATM, Signature at Point
of Sale (POS). Annual Fee: Nil in first 12 months, Rs 50 p.a. subsequently. Replacement card fee Rs 200. Regeneration of pin Rs 50. Complimentary Insurance and Loyality Points: NIL. Cash withdrawal fee Rs 20 (Bilateral Arrangement), Rs 50 +
Service tax & edu cess (others). Enquiry Fee Rs 12 + Service Tax & edu cess. State Bank Cash Plus International Card enjoy > 7200 SBI ATMs, > 16000 of others, shopping at 264000 POS terminals in India and 10.5 million POSs worldwide
displaying Maestro logo. Per day cash drawal min Rs 100, max Rs 45000 (USD 1000), purchase of Rs 1 lac (USD 1000 abroad). State Bank International ATM cum- Debit Card: All SB/ CA holder of > 18 yrs incl NRE A/c but excl NRO a/c, Joining fee
Rs 200, Daily drawal limit of USD 1000 or equivalent each at ATM and POS, Purchase protection upto Rs 5000 and personal Accident cover upt Rs 2 lacs, Charges for usage abroad 150 + S Tax per cash drawal, Rs 15 + ST per enquiry, Acceptable at >
820000 ATMs and 7 million POS worldwide displaying Cirrus logo and all SBI & other tie-up ATMs in India displaying Mastercard/ Maestro/ Cirrus logo.
(Source: Website dated 06.09.2007)
Eligibility: Avg quarterly deposit of Rs 20000 in a/c. Signature based, internationally usable, golden background card. For salary a/c holder, the gross monthly income Rs 25000 & above. All cutomers of Personal Banking Branches. Daily Cash Withdrawal
limit: Min Rs 100, max Rs 50000 in India. Overseas USD 1000 (ATM). Daily Purchase limit: Max Rs 2 lacs in India. Overseas USD 4000. Card can be linked to both SB & CA of the applicant maintained by the Branch. Mode of operation: PIN on ATM,
Signature at Point of Sale (POS). Annual Fee: Nil. Replacement Card fee Rs 200. Regenaration of PIN Rs 50. Complimentary Insurance: Rs 2 lacs (accidental death only) and Rs 5000 for 90 days from the date of purchase. Loyality Points: 4 points
equivalent to Re 0.25 on purchase of Rs 100 convertible into cash back at quaterly intervals alonwith provision of 50 bulk reward points, after first three usage of POS. Cash Withdrawal & Balance enquiry fee: Free at ATMs under bilateral arrangement and
Rs 50 & Rs 12 respectively + Service Tax on others. Immediate Credit on outstation cheques: Rs 20000. Money Transfer Free of cost, from one a/c to other upto daily limit of Rs 25000 subject to four transfers with monthly cap of Rs 1 lac. Other
facilities: undertake transactions through Internet for ticketing, e-commerce, bill payment and balance transfers etc. For more details refer e-Circular 459/ 2006-07 dated 02.12.2006 and 561 dt 07.11.2009.
Eligibility: Avg quarterly deposit of Rs 50000 in a/c. Daily Cash Withdrawal limit: Rs 50000 or USD 1000. Daily purchase limit: Rs 2 lacs. Mode of operation: PIN on ATM, Signature at Point of Sale (POS). Annual Fee: Nil. Complimentary Insurance:
Rs 2 lacs (accidental death only) and Rs 5000 on purchase protection. Loyality Points: 1 point equivalent to Re 0.25 on purchase of Rs 100 convetible into cash back at quaterly intervals. Cash Withdrawal & Balance enquiry fee: Free at ATMs under
bilateral arrangement and Rs 50 & Rs 12 respectively + Service Tax on others. Immediate Credit on outstation cheques: Rs 20000. Visa Money Transfer fee to another VISA debit/ credit card Free till 31.03.2008. User can carryout e-commerce
transactions on Verified by Visa (VbV) enabled sites. Other facilities Visa Bill Pay, Mobile Top up, Virtual card solution for e-commerce and wide range of discount on shopping.
For more details refer e-Circular 193/ 2007-08 dated 06.07.2007.
Features: 1. Clip-cum-magnetic card with 4 KB chip containing details Identity card of the holder, Aceess card enabling the card holder to enter the premises, Library card details. 2. Magnetic strip is indented with complete card details in electronic form to
enable the cardholder to use the card for financial transactions. 3. Card contains personal features Name and photograph of cardholder, Roll/ Employee number, Name of Institute. Usage of Card is as under Drawal of money from any SBI ATM, purchase
at POS terminals, payment of college fee. Issuance Process: Branch captures the personal details and sends to Switch center. Photographs are sent to personalization vendor in prescribed format through CD. Subsequent to personalization, the vendor
dispatches the cards and pins to the branch for onward delivery to the a/c holder. Cost of Card is Rs 130 + Courier charge of Rs 34. Marketing: This product is ideally suited to Educational Institutions, Corporate and Govt organizations. The young
generations find the combo card as an exciting proposition due multiple functionalities. This product is ahead of that of any competitive products represents a technological edge and project a tech savvy image of SBI large body of students who are the
opinion makers of tomorrow. GE retains data for 10 days where corresponding details not received and Turn around time from receipt of data to dispatch of card is 6 days (e-Cir 24 dt 16.04.08).
05 SBI VISHWA YATRA FOREIGN A pre-paid plastic card, available in USD, EURO & GBP, issued in association with VISA International. Accepted at 924000 VISA ATMs and at 22 million merchant establishments all over the world except India, Nepal and Bhutan.
TRAVEL CARD It is a method of Available at all branches authorized to sell Foreign Currency/ Travellers cheques. Eligibility: Any bonafide Indian planning to travel abroad except Nepal and Bhutan. Corporates for their employees going abroad for official
carrying fund in a safe, convenient, &
cost effective way. It takes away
hassles to go moneychangers &
loosing valuable money in exhange. It
relieves the customers of Annual Fee,
joining fee other unusual charges
levied on Debit/ Credit Card.
06
07
33
purpose, subject to completion of KYC Norms. Students going abroad for higher study. Foreign National residing in India subject to completion of KYC Norms. Special Features: Min amount of Issue 500 (USD), 400 (EURO),
250 (GBP). Max amount of Issue USD 10000 or equivalent or above as per FEMA 1999 guidelines. Competitive exchange rates. Reload any number of times. SMS message for each transaction. Easy operation by 4 digit PIN at
ATM and signature at POS. Free enquiry at SBI branch, SBI website but on charge at VISA ATMs. Add-on cards (max 2) to be used by cardholder in case of loss. Balance information after each transaction through SMS. Free
insurance upto Rs 2 lacs for 48 hrs pre and post card lost liability on non-PIN based transactions. A 24 X 7 helpline to help and hot-list (block) the card in case of loss. Documents: Copies of Passport, Form A, PAN or Form 60,
Proof of residence if address differs in passport.
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
34
08 SBI CREDIT CARD
CEO : Sri Roopam Ashthana
A post-paid plastic card issued in association with VISA International & Master Card giving a lot of conveniences and benefits to the holders. Type of Cards SBI International Card, SBI Gold Card, SBI Gold Master Card, Your city Your card (at Ahmedabad,
Banglore, Delhi, Hyderabad, Kolkata, Mumbai and Pune), Partnership cards (with Hero Honda, LG, Apna Bazar, Lifestyle, Railway, Vishal Mega Mart, UBI, SBI Employee Card, SBI Advantage card etc). SBI Gold Card Eligibility Criteria: Salaried Min
Annual Income (MAI) Rs 2.25 lacs, Employee of Pub Ltd/ MNC/ Govt, Latest I T Return or Form 16 or Salary slip or copy of Bank PB / Statement of last 6 months. Self Employed MAI Rs 1.5 lacs, Latest IT Return and copy of Passbook/ Statement of last 6
months. Retired/ Pensioners MAI Rs 2.25 lacs, Latest IT Return or Copy of Bank statement showing last 3 pension credits. Features: 1. Widely accepted across the globe at over 24 million VISA outlets incl 110000 VISA outlets in India. 2. Get cash anytime
anywhere at > 251 SBI card cash points in 100 Cities & > 7200 SBI ATMs in India and > 8.1 lacs VISA ATMs across world. 3. Transfer from other Bank credit card to SBI Credit Card at low interest rate. 4. Flexipay Convenient Monthly installments at low
interest to pay the bill. 5. Lost card protection upto Rs 1000. Personal Accident Insurance of Rs 6 lacs at Rs 24 p.m. and also protect outstandings max Rs 1 lac at Rs 18 p.m. 6. Interest Free Credit upto 50 days. 7. Add-on to spouse, parents, children > 18
years at Annual fee of Rs 250 only. 8. Book e-rail ticket on line, Easy money draft upto 75% of cash limit. 9. 24 hrs helplines. 10. Earn Loyality points on purchases. Marketing Tips: Attractive Insurance cover, Low interest balance transfer, Convenience of
technology,
Easy
bill
pay,
0%
surcharge
across
all
Petol
pumps,
Flexipay,
Great
Discounts,
Teledraft,
Shop
&
Smile
Reward
Program.
TPM:
Rs
200
per
card
(For more details view SBI Card website: 07.09.2007).
Minimum Balance NIL. Based on Radio Frequency Identification Technology. Card works on Near Field communication. The operation is through Smart Card. Home Branch will be Link Branch. Bio-metric identification is necessary for
Cash withdrawal. TPM Rs 100 per Card.
Rationale: In order to make SBI as techno-savvy bank, the preferred choice of customers, especially the youth segment, the innovative product was launched to focus on image makeover. Scope The youth segment represents a large and
emerging segment of consumers with increasingly higher levels of diposable income as well as significantly higher propensity to spend. Target Groups: College students, students pursuing professional coursesand first-time job seeker
who are in the age group of 18-30 years across the country. Eligibility: All SB and CA holders in age group of 18-30 yrs holding a/c singly or jointly with parents/spouse with mode of operation E or S/ Anyone or Survivor.
Daily Cash Withdrawal Limit: Minimum Rs 100, Maximum Rs 50000, Overseas USD 1000. Daily Purchase Limit Rs 2 lacs/ overeas USD 4000. Annual Maintenance Fee NIL. Complementary Insurance: Rs 2 lacs (Accidental death only), Rs
5000 on purchase protection. Loyality Points: 25 paise for every purchase of Rs 100 at POS. Fees at other ATMs: Free at SBI ATMs, Rs 20 at other ATMs under Bi-lateral Arrangement. Balance Enquiry Free at all ATMs. Concessions 1. 50%
concessions on processing charges on loans, 2. 50% concessions on Demat A/c charges, 3. 25 bp concessions in int rates on Education, Housing and Vehicle loansto the card holders who maintain salary a/c with us. Validity of Card- 10
yrs from the date of issue. Visa Money Transfer from any ATM Debit Card to another VISA ATM debit/ credit card to same or other banks. Other facilities: 1.e-commerce transactions on VbV (Verified by Visa) website. 2. E-ticketing, Mobile
top-up 3. Wide range of discount on shopping etc. (For details -e-Cir 195 dt 08.07.2008)
Service Tax: 12.24% of premium on Shield, Edushield, Pension, Horizon II, Unit Plus, Group Suraksha, Home, Car & Tractor Loan Insurance, Swarn Ganga (For Staff)
1.02% of Total premium on Composite products like Sudarshan, Scholar II, Money Back, Swadhan (Gr + Ind), Setubandhan and Shakti.
34
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
35
LATEST
INTEREST
RATES
35
12.8.8
11.50
11.75
10.11.08
10.75
11.00
1.1.9
10.00
10.25
29.6.09
9.50
9.75
SSI ADVANCES
TERM LOAN : Direct Finance - SME SMART SCORE MODEL
LIMITS
27.6.8 12.8.8 10.11.8 1.1.9 29.06.9
Upto Rs 50000
11.50
12.50 11.75
11.00
10.50
50000 -< 2 lacs
12.50
13.50 12.75 12.00
11.50
>2 lacs- < 5 lacs
13.25
14.25 13.50 12.75
12.25
>5 lacs -< 25 lacs
13.50
14.50 13.75 13.00
12.50
>25 lacs -< 50 lacs
14.00
15.00 14.25 13.50
Loans u/s CGTSI : Additional Interest @ 0.50% p.a. on loans upto 31.3.6
No loading of add lint of @ 0.30% p.a.on loans after 16.08.08 (e-Cir602).
Easy Traders Loan: CC 0.25% < SBAR, TL 0.5% > SBAR.
C&I ADVANCES - Wef 29.06.2009 (e-Cir 189/ 27.6.09)
CC : Loans & Adv on demand/ < 1 Yr & >1.1.4 for 1 - < 3 Yrs
LIMITS
27.6.8 12.8.8 10.11.8 1.1.9 29.6.9
Upto Rs 25000
10.50
11.50
10.75 10.00 9.50
25000 -< 2 lacs
11.50
12.50
11.75 11.00 10.50
>2 lacs- < 5 lacs
12.75
13.75 13.00 12.25 11.75
>5 lacs -< 25 lacs
13.50
14.50 13.75 13.00 12.50
.
TERM LOAN : TL repayable in 3 yrs & Above
LIMITS
27.6.8 12.8.8 10.11.8 1.1.9
29.06.09
Upto Rs 25000
11.00 12.00 11.25 10.50
10.00
25000 -< 2 lacs
12.00 13.00 12.25 11.50
11.00
>2 lacs- < 5 lacs
13.25 14.25 13.50 12.75
12.25
>5lacs -< 25 lacs
14.25 15.25 14.50 13.75
13.25
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.
36
Staff Car Loan (Wef 1.2.8) 7% (Simple) Ref e-Cir 645/ 06.02.08
Int fixed at 8% (1st y),10% (2nd& 3rd y) for loan upto 31.3.10 (640/17.12.9)
SBI2 wheel loan 27.6.8 12.8.8 10.11.8 1.1.9 29.6.9
Upto 3 yrs
16.75* 17.25* 16.50
16.25 15.75
Bulk Finance (25) 12.25** @
@
@
@
Staff 7% Simple, Max Rs 60000, Margin: 10% (e-Cir 747 dt 27.3.8
*Upto 3 years **Maximum upto 5 years @ Bulk Fin Int Rate withdrawn
0.10 % rebate U/s Credit Khazana (Ref e-Cir 587 / 31.12.08)
PERSONAL LOAN 27.6.8 12.8.8 10.11.8 1.1.9 29.6.09
SBI SARAL
16.75 17.75 17.25
16.50 16.00
Xpress check off 13.50 14.50 13.75
13.00 12.50
Xpress PDC/ OD 14.00 15.00 14.25
13.50 13.00
Xpress- others
15.50 16.50 15.75
15.00 14.50
Festival Loan
15.25 16.25 15.50
14.75 14.25
Pensioners loan
13.25# 14.25# 13.50
12.75 12.25
Staff Wef 1.2.8
OD 8% monthly compd &/or DL - 8% simple
* e-Cir 209/ 6.7.9.
# Spl campaign rate for 1.5.8 31.8.8
SBI-STUDENT LOAN 12.8.8 10.11.8 1.1.9 1.5.9* 29.6.9
Upto Rs 4 lacs
13.25 12.50
11.75 11.50 11.25
> Rs 4 lacs 7.5 lacs 14.75 14.00
13.25 11.25 12.75
Above Rs 7.50 lacs
13.75 13.25
12.25 11.00 11.75
SBI Scholar Loan
12.25 11.50
10.75 10.75 10.25
Staff Student Loan 11.75 11.00
10.25 10.25 9.75
* For Loan 1.5.9 to 30.9.9 e-Cir 73 / 27.04.09; 0.5% rebate to girls.
36
Deposit, Advances & Card Products of SBI and Insurance Products of SBI Life Compiled by G P Srivastava, AGM, SBI, SPB
Branch, Patna.