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A Report On Comparative Analysis Of Banks

• Axis bank – Y.N road• HDFC bank – South Tukoganj• State bank of Patiala – Usha Nagar

Accounts

Zero Balance Savings Account

Krishi Savings Account Easy Access Savings

Account Azaadi - No Frills Prime Savings Account Senior Citizen's Account Women's Savings Account Demat Account Corporate Salary Account Trust/NGO Savings

Account Power Salute Pension Savings Account

Demat Account Saving account Current account Pension Savings Account Family saving Kisan club saving Flexi current RFC domestic apex current account Kisan no frills saving Senior citizen saving Retail trust saving Defence saving account No frill saving account Trade current account Saving max Kids advantage

Demat Account Saving account Current account Pension Savings Account Star account No frills saving account Money multiplier

KYC Guidelines

Completing the basic formalities

The avg. amt of balance

Charges for issue of cheque books, additional statement of accounts.

Deposits

Fixed Deposit Recurring Deposit Encash 24 Tax Saver Fixed

Deposit

Fixed Deposit Recurring Deposit Safe deposit locker 5 year tax saving

Fixed Deposit Recurring Deposit Deposit locker Tax saving term deposit

Cards

Credit Cards Debit Card Prepaid Cards

Credit Cards Debit Card Prepaid Cards

Credit cards

Home Loan Car Loan Personal Loan Loan Against Shares Loan Against Property Loan Against Security Study Loan Consumer Loan

Home Loan New Car Loan Personal Loan Two wheeler loan Used car loan Loan Against Property Loan Against Security Gold loan Smart draft Education loan Tractor loan

Home Loan Car Loan Two wheeler loan Personal Loan Loan Against

pensioners Loan Against gold

ornaments Loan Against RBI relief

bonds Education Loan Loan against term

deposit Loan against property

Investments

Mohur Gold Online Trading Mutual Funds Demat Account Kal Bhi, Aaj Bhi

Mdura Gold bar IPO application

through ASBA Mutual Funds Demat Account Equity and

derivatives Bonds Tax planning Knowledge center

Mutual Funds Demat Account

Insurance

Safe Guard Safe Home Family Health Safe Home plus Sliver Health Motor Insurance Jewellery Insurance Travel Companion Critical Illness Life Insurance

Products Business Advantage 5 for Life

Home Travel Personal Vehicle Health Commercial vehicle Traditional plans Unit linked plans

Sbi Life – Subh Nivesh

Sbi Life – Maha Anand

Sbi Life – Smart ULIP Sbi Life – group

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Payments

Bill Pay Tax e-Payments Electronic Clearing

Service Direct Tax

Payments Pension

Disbursement

Bill Pay Tax e-Payments Electronic Clearing

Service Direct Tax Payment High value clearing

services

Bill Pay (VBV)MasterCard

SecureCode Netsafe RTGS Funds Transfer Online Payment of

Direct Tax Visa Money Transfer Instapay

Other services

Mobile Refill Lockers E-Statement Online Shopping IPO Smart branch network Atms Net banking

Mobile Refill Lockers E-Statement Online Shopping Religious offerings Donate to charity Branch network Atms Net banking

Atms Net banking

Accounts

NRE Saving account NRO Saving account NRE Current account NRO Current account Super Saver account Sweep in account RFC Saving account

NRE Saving account NRO Saving account NRE Current account NRO Current account Super Saver account Sweep in account RFC Saving account

NRE Saving account NRO Saving account NRE Current account NRO Current account Super Saver account Sweep in account RFC Saving account

Deposits

NRE Rupee Deposit FCNR Deposit NRO Rupee Deposit RFC Term Deposit

NRE Fixed Deposit NRO Fixed Deposit RFC Fixed Deposit FCNR Deposit

FCNR Deposit NRE Fixed Deposit NRO Fixed Deposit

Remittances

AxisRemit Partner Banks SWIFT Exchange House Tie- ups

Quickremitt Indialink cheque Lockbox Telegraphic / Wire Transfer Funds Transfer through Cheques / DDs / TCs

SBI Express Remitt Rapid Remittance SWIFT

The key objective of CIBIL system is generation of credit information file as per RBI Guidelines.

Salient Features:-

• Credit information of corporate and individual consumers from regional branches is consolidated at Delhi Branch.

• Facility of uploading of Credit information as well as manual entry by users

• Credit information file generation as per the RBI guidelines• Validations on segments like Borrower, Relationship, Credit

facility, Guarantor etc as per RBI guidelines.

Kyc Norms

KYC (KNOW YOUR CUSTOMER) The Reserve Bank of India (RBI) has advised banks to follow a 'KYC

guidelines', where in certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers. This is also in the interest of customers to safeguard their hard earned money.

The KYC guidelines of RBI mandate banks to collect three proofs from their customers. They are

• 1. Photograph• 2. Proof of identity• 3. Proof of address

When does KYC apply?KYC will be carried out at the following stages:

Opening a new account In respect of accounts where documents as per current KYC

standards have not been submitted while opening the initial account

Opening a Locker Facility where these documents are not available with the Bank for all the Locker facility holders

When the Bank feels it necessary to obtain additional information from existing customers based on conduct of account

When there are changes to signatories, mandate holders, beneficial owners etc.

For non-account holders approaching the Bank for high value one-off transactions like Drafts, Remittances etc.