Prof. Dr Vidya Hattangadi

Group Members1. Avleen Kohli2. Kiranjot Singh Rekhi3. Ramandeep Kaur4. Jenis Chohan5. Jenes Jebaraj6. Naazdeep Virk7. Sanjay Dighe8. Paramjot Bhomer9. Mansi S10. Priyanka Dubey

Background

• The State Bank of India is the oldest and largest bank in India, with more than $250 billion (USD) in assets. It is the second-largest bank in the world in number of branches; it opened its 10,000th

branch in 2008.

• The bank has 84 international branches located in 32 countries and approximately 8,500 ATMs. Additionally, SBI has controlling or complete interest in a number of affiliate banks,

• resulting in the availability of banking services at more than 14,600 branches and nearly 10,000 ATMs.

• SBI traces its heritage to the 1806 formation of the Bank of Calcutta. The bank was renamed the Bank of Bengal in 1809 and operated as one of the three premier "presidency" banks (the presidency banks had the exclusive rights to manage and circulate currency and were provided capital to establish branch networks). In 1921, the government consolidated the three presidency banks into the Imperial Bank of India.

• The central bank, the Reserve Bank of India, acquired the majority interest in the bank and changed its name to the State Bank of India (SBI).

• In 1959, the Indian government passed the State Bank of India Act, resulting in the acquisition (majority shareholding) of eight state-affiliated banks and the creation of the State Bank of India Group (SBI Group). The SBI itself is now majority owned by the Indian government, which purchased the shares held by the Reserve Bank of India he Imperial Bank of India continued until 1955, when India's

Current Board of Directors

• Pratip Chaudhuri (Chairman) • Hemant G. Contractor (Managing

Director) • Diwakar Gupta (Managing Director) • A Krishna Kumar (Managing Director) • Dileep C Choksi (Director) • S. Venkatachalam (Director) • D. Sundaram (Director) • Parthasarathy Iyengar (Director) • G. D. Nadaf (Officer Employee Director) • Rashpal Malhotra (Director) • D. K. Mittal (Director) • Subir V. Gokarn (Director)

PRODUCTS

Investment banking

Commercial Banking

Retail Banking

Private BankingAsset Management

Pensions

Mortgages

Credit Cards

SAVINGS ACCOUNT PRODUCT LINE• TERM DEPOSITS:• BASIC BANKING -NO FRILLS ACCOUNT• PREMIUM SAVINGS ACCOUNT

• SAVINGS BANK ACCOUNT:• SAVINGS ACCOUNT• SAVINGS PLUS ACCOUNT• YUVA SAVINGS BANK ACCOUNT • TERM DEPOSITS:• FIXED DEPOSITS• SBI 1000• REINVESTMENT PLAN• SBI MODS• RECURRING DEPOSIT• ANNUITY DEPOSIT SCHEME• SBI FLEXI DEPOSIT SCHEME

• GOVERNMENT BUSINESS:• PUBLIC PROVIDENT FUND – 1968• SENIOR CITIZENS SAVINGS SCHEME

• NRI SERVICES :• NRE SAVINGS BANK A/C• NRE TERM DEPOSITS

• GOLD DEPOSIT SCHEME (GDS)

PREMIUM SAVINGS ACCOUNTEligibility Residents, above 18 years of age

Mode of Holding Singly/ Jointly/ Jointly with survivorship benefits.

Type of account Savings Bank account. It will be linked to Multi Option Deposit (MOD) account, for auto sweep, for issue of Term Deposits and unitised break-up facilities.

Minimum balance i) Savings Bank Component: NIL

ii) MOD Component: Each MOD Rs. 10,000/-

Rate of interest /????

Auto-sweep facility i) Auto-sweep facility will be operative at monthly intervals and Term Deposits (TD)/ Special Term Deposits (STD) would be created under the MOD scheme, in units of Rs.1,000/-, subject to a minimum amount of Rs. 10,000/-. The facility of unitised break-up will also be available for withdrawing the deposits conveniently.

Period of deposit MOD Component: 1 year to 5 years, in round months.

BASIC BANKING -NO FRILLS ACCOUNT

• This account comes with very low minimum balances as well as low/ nil charges, to cater to the needs of individuals from the vast sections of population who are, otherwise, not fulfilling certain conditions of our existing Savings Bank account requirements.

SAVING ACCOUNT

HIGHLIGHS

Category Regular

Minimum AQB(Average Quarterly Balance)

Metro/Urban/Semi-Urban Cheque operated account- Rs.1000Ordinary account - Rs. 500RuralCheque operated account- Rs.500Ordinary account -Rs. 250

Interest Rate 4%

Card Offered ATM cum Debit Card Free

Savings plus account

HIGHLIGHTSCategory Privileged AccountMinimum AQB(Average Quarterly Balance)

Metro/Urban/Semi-Urban Cheque operated account- Rs.1000Ordinary account - Rs. 500RuralCheque operated account- Rs.500Ordinary account -Rs. 250

Interest Rate 4%Card Offered ATM cum Debit Card

Free

YUVA SAVINGS BANK ACCOUNT

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

Eligibility

Residents, above 18 years of age and upto 30 years of age, at the

time of entry. Account to continue as it is,even if the account holder attains the age of 30 years.

Mode of Holding

Singly/ Jointly/ Jointly with survivorship benefits. The first account holder has

to be eligible as per the above eligibility criteria.

Type of account Savings Bank account

Deposit amount Minimum: Rs. 5,000/- Maximum: No Limit

Rate of interest As applicable to Savings Bank account. i.e. 4%

FIXED DEPOSITS

Account Name Term Currency APY Fixed Deposit Account Details

SBI 1 Year Fixed Deposit

1 year INR 9.00%

Applicable for a term ranging from 1 year to less than 2 years and for Deposit amounts 'Below Rupees One Crore' - Below Rs.15 Lakhs

SBI 3 Month Fixed Deposit

3 month INR 7.00%

The FD interest rate is applicable for a term ranging from 7 to 179 days and for balance 'Below Rupees One Crore' - Below Rs.15 Lakhs

SBI 6 Month Fixed Deposit

6 month INR 7.00%

The FD interest rate is applicable for a term of 180 days and for Deposit amounts 'Below Rupees One Crore' - Below Rs.15 Lakhs

Interest Rate for FDTenor

Revised rates w.e.f. 07.09.2012

Below Rs.15 Lakhs

Revised ratesw.e.f. 07.09.2012

Rs.15 lakhs to less than Rs. 1 Cr

7 days to 90 days 6.50 7.50

91 days to 179 days 6.50 7.50

180 days 6.50 7.50

181 days to 240 days 6.50 7.50

241 days to less than 1 year 6.50 7.50

1 year to less than 2 years 8.50 8.50

2 years to less than 3 years 8.50 8.50

3 years to less than 5 years 8.50 8.50

5 years and up to 10 years 8.50 8.50

SBI 1000

SBI - MODS

RECURRING DEPOSIT

REINVESTMENT PLAN

ANNUITY DEPOSIT SCHEME

NAME Annuity Deposit Scheme

Purpose

To enable the depositor to pay one time lump sum amount and to receive the same in Equated Monthly Installments (EMIs),comprising a part of the principal amount as well as interest on the reducing principal amount, compounded at quarterly rests and discounted to the monthly value.

Eligibility Individuals, including minors in single or joint names.

Mode of Holding Singly/ Jointly/ Jointly with survivorship benefits.

Type of account Annuity (Term) Deposit account.

Name of the product SBI Flexi Deposit

Purpose

To enable our customers to placelong term deposits to earn attractive rateof interest along with flexibility in choosing the deposit amount.

Segment Personal

Eligibility Resident individuals,including minors

Mode of Holding Singly or jointly

Type of account Recurring Deposit (Variable deposit) account.

Period of deposit Minimum - 5 years Maximum - 7 years

Minimum deposit amount

Rs. 5,000/- per Financial Year (plus in multiples of Rs. 500/-) minimum of Rs. 500/- at any one instance. Deposits can be made anytime during a month and any number of times.Penalty for default in payment of minimum deposit willbe Rs.50/- per Financial Year

Maximum deposit amount Rs.50,000/- in a Financial Year.

Rate of interest ???

FLEXI DEPOSIT SCHEME

PUBLIC PROVIDENT FUND (PPF)

• What is PPF – 1968 ?• Eligibility ?• Minimum / Maximum Investment ? ( w.e.f. 01-12-2011)• Duration ?• Rate Of Interest : 8.8% (w.e.f. 01-04-2012) per annum credited in

account on 31st March every year.• Loans ?• Withdrawals?• Tax Benefits? + Benefit available u/s 88 of the I.T. Act. +Interest totally exempt from Income Tax. +Amount standing to the credit is fully exempted from Wealth Tax.

SENIOR CITIZEN’S SAVING SCHEME• GOI decided to operate this scheme through all banks under Public Sector Banks,

operating PPF-1968.• Eligibility ?• NRI and HUF’s are not eligible• Features?• Deposits and Withdrawals ?• Interest on Deposit

Interest @ 9.3 % p.a. w.e.f 01-04-2012 from the date of deposit payable at the end of each calendar quarter e.g. 31st March / 30th June / 30th September / 31st December.

• Nomination?• Closure of the Account? -Maturity -Death of Depositor -Premature closure of the Account

NRE TERM DEPOSITS

• Rupee deposits of fixed tenure: • Attractive interest rate on NRE term deposits • Minimum period : 1 year• Maximum period : 10 years• No income tax in India on interest income• Interest can be drawn quarterly for Term Deposit

(TDRs) or compounded quarterly for Special Term Deposits (STDRs)

• Principal & interest are fully repatriable• The additional rate of interest payable on fixed

deposits to resident senior citizens/staff does not apply to NRE Term Deposit scheme.

• Premature withdrawals permitted (conditional)• On pre-mature withdrawal of the Deposit (after

completion of 1 year), interest will be calculated at applicable rate for the period the Deposit has actually remained with the Bank less applicable penalty as under :-

• No interest is payable if the deposit is withdrawn before one year.

NRE term deposits opened

Penalty

Before 1st January, 2012 1%From   1st January, 2012 0.50%  #

NRE SAVINGS BANK A/C

• Can be opened only by non resident Indians (NRIs)

• Can be opened jointly only with another NRI (in case you wish to open the account jointly with your spouse, (s) he should also be an NRI).

• ATM cards can be issued.Internet Banking facility available.You can view and then transact on your account(s) on line

• Minimum balance Rs.1000/- (Rs. 5000/- in case of Personal Banking Branches)

GOLD DEPOSIT SCHEME (GDS )• Purpose• To mobilize the idle gold in the

country and put it into productive use.

• To provide the customers an opportunity to earn interest income on their idle gold holdings.

• Eligibility• Any Resident Indian of the following

categories:• (i) Individuals, singly or jointly (as Former

or Survivor)• (ii) HUFs• (iii) Trusts• (iv) Companies

Minimum Quantity• 500 gms (gross) • Period of deposit• 3 yrs,4 yrs or 5 yrs

• Rate of Interest & Payment

• 0.75% p.a. for 3 years, 1.00% for 4 years and 1.00% for 5 years.

• Acceptance of gold• Gold i.e. Gold bars, Coins, Jewellery etc. will

be accepted in scrap form only. • Issue of Gold Deposit Certificate

Target MarketsTwo Types:Current users Proposed users1. Rural population2. Markets of tier II and

tier III cities with MFs3. Working Class(High Net

Individuals) 4. Increasing Middle Class

PROMOTION

SBI

Advertisement

Personal Communica

tionSales

PromotionPublicity &

Public Relations

Instructional Material

SBI PROMOTIONOBJECTIVES• Increasing

AWARENESS and KNOWLEDGE about the new and existing products

• To grab ATTENTION of consumers

• To Enhance purchase actions.

• REINFORCEMENT• Increase in Market

Share and sales

Personal communicati

on

• Customer Service• Word of Mouth

Advertisements

• Broadcast• Print• Internet• Outdoor • Direct Mail

Sales Promotion

• Gifts• Discounts

Publicity

• Press Conference• Special Events• Sponsorship

Instructional Material

• Website• Manual