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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.
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