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Banking Assignment
On
State Bank of Hyderabad
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Minimum Balance
Need to maintain a minimum balance in the account, as listed in the table: (Amount in Rupees)
TYPE RURAL NON-RURAL
Nature of account CHEQUE NON-CHEQUE CHEQUE NON-CHEQUE
Public -Individual 1,000 500 2,500 1,000
Public Others 1,000 500 2,500 1,000
Staff Individual 1 1 1 1
Pensioners 250 125 500 250
Savings Products
Savings Bank
Savings Plus
SSS Silver
Premier Savings
GEN-X
NRE (Savings)
Features
Savings Bank Savings Plus SSS Silver SSS Gold
SAVINGS BANK DETAILS
SSS Gold
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Eligibility Individuals
including minors
and NRIs; HUF
Single/Joint
Individuals
including minors
and NRIs; HUF
Single/Joint
Salaried
Employees
with a tie up
with employer
Salaried
Employees with
take home pay of
Rs50,000/-or more
with /without a tie
up with employer
Purpose Transaction a/c Transaction a/c
with Sweep &
reverse sweep
facility for
investing in
TDR/STDR
automatically
Transaction a/c
with option of
sweep &
reverse sweep
facility for
investing in
TDR/STDR
automatically
Transaction a/c
with option of
sweep & reverse
sweep facility for
investing in
TDR/STDR
automatically
Minimum
Balance
Stipulation
Metro / Urban-
Rs1,000/-
Semi Urban/
Rural-Rs500/-
Charges for non-
maintenance of
minimum balance
Rs100/- at Metro/
Urban centers
Rs50/- at semi-
urban/ rural centre
Rs5,000/-
Charges for non
maintainance
Rs100/- per month
Nil
However,
should the
customer use a
non-State bank
group ATM
more than once
during a
month, the
minimum
balance clauseas applicable to
normal savings
a/c will apply
and related
Nil
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charges will be
applied during
the month
Premier Savings GEN-X NRE (Savings)
Eligibility Individuals including
minors and NRIs; HUF
Single/Joint
Aimed at High Net
worth Individuals
Resident Individuals-above
18years & up to 30 years of
age. Single/Joint
First a/c holder should be in
the above age.
Non Resident
Individuals
including minors
Single/ Joint
Joint only with
another NRI
Purpose Transaction a/c with
option of sweep &
reverse sweep facility
for investing in
TDR/STDR
automatically
Transaction a/c Transaction a/c
Minimum Balance
Stipulation
Rs.1,00,000/- average
quarterly
balance;charges for the
non-maintainance
Rs1,000 per quarter
Rs. 5,000/- Metro / Urban-
Rs1,000/-
Semi Urban/ Rural-
Rs500/-
Charges for non-
maintenance of
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minimum balance
Rs100/- at Metro/
Urban centers
Rs50/- at semi-
urban/ rural centre
Facilities SBH offer:
Nomination
Single and Joint accounts
Services such as payments to LIC and house rent at nominal costs
Free account transfer facility between branches
Half-yearly payment of interest @ 3.5%
Simplified KYC Procedure
Simplified KYC procedure is there for opening accounts of the persons who intend to keep
balances not exceeding Rs.50,000/- (Rupees Fifty Thousand only) in all their accounts taken
together and the total credit in all their accounts taken together not to exceed Rs.1,00,000/-
(Rupees One Lakh only) in a year. In such cases the accounts may be opened subject to
a) Introduction from another account holder who has been subjected to full KYC procedure.
The introducers account with the Bank should be atleast six months old and should show
satisfactory transactions. Photograph of the customer, who proposes to open the account and also
his / her address need to be certified by the introducer.
OR
b) Any other evidence as to the identity and address of the customer to the satisfaction of the
Bank.
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These accounts are designed to help the individuals (personal customers) to inculcate habit of
saving and to meet their future requirement of funds. The amount can be deposited / withdrawn
from these accounts by way of cheques / withdrawal slips. It helps the customers to keep
minimum cash at home besides earning interest.
Savings Bank accounts can be opened by all eligible persons, certain organizations and
agencies (as approved by the Reserve Bank of India).
Savings Bank accounts can be opened with or without cheque book facility.
Can be opened jointly with the operational facillity of Either or survivor, "Former or
Survior", "Latter or Survivor" or "Joint" by individuals
Cheque / dividend warrants drawn in the name of account holder will only be collected
through the account.
The minimum balance required to be maintained in a Savings Bank account is as under :
Currently the min. balancs in SB/Ac's are as under.
in Rupees
Type Rural Non-Rural
Cheque Non- Cheque Non- Cheque Cheque
Public(ind) 500 250 1000 500
Public (others) 500 250 1000 500
Pensioners 250 125 500 250
Staff 1 1 1 1
i) Interest @ 3.50% p.a. at half-yearly rests is paid on the Savings Bank accounts subject to
changes.
ii) A passbook is issued in all Savings Bank accounts. Cheque book will be issued for Special
Savings Bank accounts only.
The number of withdrawals in a Savings Bank account should not exceed 50 per half year in
either category of accounts.
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Penalty of Rs.30/- will be charged per month when balance falls below the stipulated
minimum balance, for all Savings Bank accounts.
Account holders will be informed at least one month in advance of any change in the
prescribed minimum balance stipulation and the charges that may be levied if the prescribed
minimum balance is not maintained.
The bank has introduced 'No Frills SB Account' from 2-1-2006 as per RBI guidelines.
The bank has introduced simplified KYC norms to open accounts under this account.
This enables a large number of people to open accounts with a very low minimum balance of
Rs 25/- at Rural & Semi Urban, and Rs.50/- at Urban & Metro Branches
SERVICE CHARGES ON DEPOSIT ACCOUNTS
Savings Bank A/c - No frills A/c
Minimum Balance Rural Area - Rs. 25/-
Other Centers - Rs. 50/-
Charges for non maintenance thereof No service charges will be levied for the accounts with
minimum balance of Rs.25/-.
Savings Bank Accounts with Cheque
facility
Minimum balance
RURAL Non-Rural
y Public Rs. 1,000/- Rs.2,500/-y Pensioners Rs.250/- Rs.500/-
Savings Bank Account without Cheque
facility
Minimum Balance
RURAL Non-Rural
y Public Rs. 500/- Rs.1,000/-y Pensioners Rs.125/- Rs.250/-
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Charges for non maintenance thereof
Savings Bank Accounts
Current Account
Rural/SemiUrban Rs.50/- p.m.
Other Centres Rs.100/-p.m.
Individuals Rs.250/-p.m.
Others Rs. 450/-p.m.
In-Operative Accounts SB/CA Rs.75/-p.a.. If the balance is less than Rs.75/- Account
to be closed.
Addition/Deletion of names in all deposit
A/CS
Rs.100/- per occasion
Changes in operation instructions, Power
of Attorney, Board Resolution etc
Rs.100/- per occasion
Other Savings Bank account facilities
Charges for Account Statement
Savings Bank
Current Account
CC&OD under SIB, AGR&PER segments
(except against Bank Deposits)
C&I Advances
NIL
CA Individuals NIL
CA -- Others Rs.300/- p.a.
Limits upto Rs.25000/- NIL
Limits over Rs.25000/- Rs.300/-p.a.
Rs.300/-p.a.
Issue of duplicate Passbook/Statement Rs. 100/- with latest balance (additional Rs.100/- per
bunch of 40 previous entries.
Enquiries relating to old records (more
than 12 months old)
Rs.150/- per item.
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Premature Closure of SB/CA accounts
before 1 year from date of opening of
account.
Individuals Rs.220/-
Others Rs.500/-
Charges for non-adherence to SB rules.
w.e.f. 01-04-2008.
Rs.20/- per entry( entries over 30 per half year.)
Shall be applied in accounts on 30th June & 31st Dec.
Signature attestation / Verification Rs.50/-
Photo Attestation Charges Rs.100/-
Stop payment charges Rs.55/- per instrument
Charges for issue of cheque books MICR cheques - at Mechanized Rs.2.50 per leaf
Processing centers
For non-MICR/ MICR cheques Rs.2.00 per leaf
At other centers.
CHARGES FOR MULTI CITY CHEQUES
Cheque Book Charges Rs.5/- per cheque leaf for all segments/customers.
Transaction Cost Rs.50/- per Transaction
Cheque Return Charges Rs.100/- + normal service charges for each cheque
returned
CURRENT ACCOUNT DETAILS:
Current Account means a form of demand deposit wherefrom withdrawals are allowed any
number of times depending upon the balance in the account or up to a particular agreed amount
and will also include other deposit accounts which are neither Savings Deposit nor Term
Deposit.
Current Accounts can be opened by individuals / partnership firms / Private and Public Limited
Companies/ HUFs / Specified Associates / Societies / Trusts, etc
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Individuals, organizations, clubs, societies, and business concerns can open a current account
with SBH. There is no restriction on the number of transactions. We also provide statements of
accounts and passbooks for cross-verification of transactions.
Minimum Balance And Maximum Balance
TYPE RURAL NON-RURAL
PUBLIC-INDIVDUAL 500 5000
PUBLIC-OTHERS 5000 10000
STAFF INDIVIDUAL 1 1
PENSIONERS 1250 2500
Who can open an account?
Individuals, organizations, clubs, societies and business concerns can open a current account.
Are there any restrictions on the number of transactions?
No such restrictions.
How can I verify my transactions?
You will be provided with statements of account of passbook for this purpose.
What is the minimum balance that is required to be maintained?
You need to maintain a minimum balance of
Rs 5000/- in Metros
Rs 3000/- in urban areas
Rs 1000/- in Semi-Urban areas
Rs 500/- in Rural areas
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SBH Power Gain
Features SBH Power Gain
Quarterly Average Balance(QAB) Rs.1,00,000/-
Penalty for non-maintenance of QAB Rs.2,000/- per quarter
Cash Deposit Unlimited at home branch
Cash handling charges Free
Drafts Rs.0.25 / Rs.1,000/- Min Rs.25/-; Max Rs.3,000/-
Bankers Cheque Free
Cheque Collection
Instruments drawn on SBH branch Free (out of
pocket expenses not exceeding Rs.25/- to be
collected) Other instruments Rs.1/ Rs1000 Min
Rs.25/-, Max Rs.150/-
Cheque Return Protection facility (CRP)
available only at account maintaining
branch (OD limit)
Rs.25,000/- (max period of 10 days at a time)
OD Interest (for CRP) SBHPLR + 2%
Corporate Internet Banking (CNIB) Available free
Multicity cheque facility
i) Issue charge free
ii) Transaction charges Rs.25/- per cheque upto
Rs.5.00 lacs
Rs.50/- per cheque for amounts above Rs.5.00 lacs
Issue statements of duplicate Free
Issue of Cheque Books (other cheques)
than MulticityFree
Folio Charges Free
Car Loans Pre approved Car Loans
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Waiver of Loan processing fee, if any
Cash Credit limit is availedMaximum waiver of Rs.1000/- for CC accounts
Penalty for closing the account within 12
months
Rs.2500/-
Salary AccountsSilver & Gold salary accounts for all employees of
the firm
INTER CORE Transactions (Core Power) Normal applicable charges
RTGS/ NEFT/ SBHGRPT Normal applicable charges
Documents required
The Current Account application Forms may be used
for opening the accounts.
A separate undertaking for maintaining the required
QAB is to be obtained.
A set of clean OD documents may also be taken for
the OD amount of RS.25,000/-
Terms and conditions such as adherence to the KYC
procedure, obtaining photograph (wherevernecessary)/ IT PAN/ sending letter of thanks, as
applicable to ordinary current account will be
applicable.
SBH Power Pack
Features SBH Power Pack
Quarterly Average Balance (QAB) Rs.5,00,000/-
Penalty for non-maintenance of QAB Rs.5,000/- per quarter
Cash Deposit Unlimited at home branch
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Cash handling charges Free
Drafts Free
Bankers Cheque Free
Cheque Collection
Instruments drawn on SBH branch Free (out of
pocket expenses not exceeding Rs.25/- to be
collected) Other instruments Rs.0.50/ Rs1000 Min
Rs.25/-, Max Rs.150/-
Cheque Return Protection facility (CRP)
available only at account maintaining
branch (OD limit)
Rs.1,00,000/- (max period of 10 days at a time)
OD Interest (for CRP) SBHPLR + 2%
Corporate Internet Banking (CNIB) Available free
Multicity cheque facility
i) Issue charge free
ii) Transaction charges free
Issue statements of duplicate Free
Issue of Cheque Books (other cheques)
than MulticityFree
Folio Charges Free
Car Loans Pre approved Car Loans
Waiver of Loan processing fee, if any
Cash Credit limit is availedMaximum waiver of Rs.5000/- for CC accounts
Penalty for closing the account within 12
monthsRs.5000/-
Salary AccountsAll category of salary accounts for all employees of
the firm
INTER CORE Transactions (Core Power) Free
RTGS/ NEFT/ SBHGRPT Free
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Documents required
The Current Account application Forms may be used
for opening the accounts.
A separate undertaking for maintaining the required
QAB is to be obtained.
A set of clean OD documents may also be taken for
the OD amount of RS.1,00,000/-
Terms and conditions such as adherence to the KYC
procedure, obtaining photograph (wherever
necessary)/ IT PAN/ sending letter of thanks, as
applicable to ordinary current account will be
applicable.
SBH Power Jyoti
Sl.No Features SBH Power Jyoti
1 Eligibility
Educational Institutions, Charitable
Institutions who are required to collect fee
and donations from students, clients and
donors
2Quarterly Average
Balance (QAB)Rs.25,000/-
3 Transaction charges
The account holder (Institution) is not
charged for fee collection can be paid at
Non-home branches at a nominal charge
of Rs.50/- only
4 Remittance facilities
aInter Core
TransactionsCharges to be collected manually
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b Cheque Collection Charges to be collected manually
5 Free facilitiesFree Internet Banking facility
Cash handling charges not levied
6Transactions not
permitted
y No Batch and Trickle feedTransactions
y No Overdrafty At Non-home branchesy Cheque Books are not issuedy Transactions other than fee
collection / donations not
permitted
7 Penalties
aNon-maintenance of
QABRs.1,000/- per quarter
bClosing the account
within 12 monthsRs.500/-
8 Documents required
y Current account application formy An Undertaking to maintain
required QAB
y KYC norms to be adhered toy Photographsy IT Pan
For opening special types of current accounts in the name of Executors, Administrators,
Trustees, Lqiuidators etc., the Branch Manager may be contacted, who will help in opening
these types of accounts.
Minimum balance as stipulated from time to time is required to be maintained. Currently the
min. balance in C/Ac's are as under.
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in Rupees
Type Rural Non-Rural
Public (individual) 2500 5000
Others 5000 10000
Staff 1 1
Pensioners 1250 2500
Special Features of CA
No interest is paid on current accounts.
A cheque book is issued in current account and all withdrawals should be made only through
the cheque. A cheque should not be issued for an amount of less than Rs.50/
A cheque, which is presented more than 6 months after the date of issue, will be treated as
stale and shall not be paid. Such cheques shall be paid only after revalidation by the drawer.
Cheques should not be drawn without adequate balance or against uncleared effects, in order
not to attract the penal provisions of section 138 of the Negotiable Instruments Act.
The cheque book should be kept safely to prevent any misuse and consequential loss to the
depostior(s). The loss of any cheque or the cheque book should be promptly reported to the
Bank.
Payment of a cheque can be stopped by the drawer, by giving a notice containing full details of
the cheque in writing to the Bank, before the cheque is paid, and the Bank will not pay this
cheque after recording stop payment in its books. A charge of Rs.55/- is levied for each
stop payment instruction. This charge may be varied from time to time.
Service charges are levied for cheque books issued, non-maintenance of minimum balance,
return of cheques etc.
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Declaration by account holder :
As per RBI directive, the applicant (account holder) should declare in the account opening form
or seperately that he is not enjoying any facility / facilities from any other bank or branch. In
case he has availed any facilities he should declare full particulars thereof indicating the name
of the bank and name of the branch wherefrom he has availed these facilities.
TERMDEPOSITS DETAILS
Product SBH TAX SAVER SCHEME
Eligibility All Income Tax Payers having Permanent Account Number (PAN).Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly. Only the first account holder
will be eligible for the deduction from income u/s 80C.
Type of Account Fixed Deposit or Special Term Deposit
Availability of the
Scheme
At all our Branches
Period of Deposit Min Maturity period of the TDR shall be 5 Years.
Amount Of Deposit Min Rs.100/- and multiples of Rs.100/- Max limit Rs.1/-lac. In a financial year.
Rate of Interest As applicable from time to time.
1. Special Term Deposit: The interest is compounded every quarter andpaid on Maturity.
2. Fixed Deposit :The interest is paid at Monthly, Quarterly, Half-Yearlyand Yearly intervals as per your option.
Advantage Amount invested in this scheme is eligible for deduction under section 80C of
IT ACT.
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
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Premature Payment Premature payment is not permissible
Loan Facility Loan is also not permitted
Tax Deduction At
Source
TDS is applicable as per IT Rules
Product FIXED DEPOSIT DEPOSIT
Eligibility Open to All.
Style Of Account For Individuals Singly or Jointly payable to E OR S, F OR S, L OR S OR
Payable Jointly
Segment All Segments
Availability of theScheme
At all our Branches
Period of Deposit 6 Months to 120 Months
Amount Of Deposit Min Rs.1000/- and multiples of Rs.100/- no Max limit
Rate of Interest As applicable to the term of the Deposit.
The interest is paid at Monthly, Quarterly, Half-Yearly and Yearly intervals as
per the requirement.
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
Premature Payment Premature payment is permitted with or without penalty as applicable
Loan Facility Loan is permitted in the form of Demand Loan or Cash Key
Tax Deduction At
Source
TDS is applicable as per IT Rules.
Renewal Auto renewal of the Deposit on Maturity
Product RECURRING DEPOSIT SCHEME
Eligibility Open to all Except C&I Segment
Availability of the
Scheme
At all our Branches
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Style Of Account Singly Or Jointly and payable to E OR S, F OR S, L OR S
OR Payable Jointly.
Period of Deposit Min 12 Months & Max 120 Months
Amount Of Deposit Min Rs.100/- with multiples of Rs10/-, No Max.Limit
Rate of Interest As applicable to Term Deposits for the same period
Penalty As applicable to Term Deposits for the same period
Nomination Nomination facility is available for all individual Accounts
Transfer Of Account Permitted
Premature Payment Premature Payment is permitted
Loan Facility 80% of the total installments paid to date, Rate of Interest will be 1.5% more
than that offered on the Deposit
Tax Deduction at
Source
TDS is not applicable to these accounts irrespective of the interest amount
earned on the Deposit
Product MULTI OPTION DEPOSIT SCHEME (MODS)
Eligibility Individuals
Style Of Account Singly or Jointly payable to 'E OR S, F OR S, L OR S OR Payable Jointly
Segment Personal Segment
Option Can open a Fixed Deposit or Special Term Deposit
Availability of the
Scheme
At all our Branches
Period of Deposit 1 Year to 5 Years
Amount Of Deposit Min Rs.10000/- and multiples of Rs.1000/- (for new deposit) for further Deposit
Min amount is Rs.5000/- and multiples of Rs.1000/-, no Max limit
Rate of Interest As applicable to the term of the Deposit.
1. Special Term : paid at maturity2. Fixed Deposit: The interest is paid at Monthly, Quarterly, Half-Yearly
and Yearly intervals as per the requirement.
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Advantage You can draw funds from MODS Account into your SB Account by simply
issuing a cheque.
The amount gets credited with applicable interest (without penalty), the rest of
the amount continues as Term Deposit
Nomination Nomination facility is available for all Accounts
Tax Deduction At
Source
TDS is applicable as per IT Rules
Product SUPER SAVER TERM DEPOSIT
Eligibility All individuals who are eligible to open an account with the bank duly
complying with the simplified KYC norms
Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly
Type of Account Fixes Deposit or Special Term Deposit
Segment Personal Segment
Availability of the
Scheme
At all our Branches
Amount Of Deposit Min Rs.10000/- and multiples of Rs.1000/- no Max limit
Period of Deposit These deposits shall be accepted for tenor of 5 to 10 years.
Rate of Interest As applicable to the term of the Deposit.
y Special Term Deposit: The interest is compounded every quarter andpaid on Maturity.
y Fixed Deposit :The interest is paid at Monthly, Quarterly, Half-Yearlyand Yearly intervals as per your requirement
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
Premature Payment Premature payment is permitted. The rate payable is 1% below the applicable
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Rate of interest for the Period the Deposit remained with the Bank.
Loan Facility Loan is permitted in the form of Demand Loan OR Cash Key
Tax Deduction At
Source
TDS is applicable as per IT Rules.
Renewal Auto renewal of the Deposit on Maturity
Sl.No PARAMETERS TERMS
1 Name of the schemeRECURRING DEPOSIT PLUS ACCOUNT (RD
+)
2 Eligibility
All individuals above the age of 18 years.
I. Singly OR
ii. Jointly and payable to E or S / F or S / L or S /
Jointly.
iii. More than two persons payable to any one or
more of them or payable jointly.
3 Segment All segments except C&I Segment.
4 Type of Account Recurring Deposit (Term Deposit Account)
5 Availability of the Scheme At all branches of our Bank
6 Period of Deposit
Minimum 24 Months and in multiples of 12
months there after upto a Maximum of 120
Months.
7 Amount of Deposit.
Equal monthly instalments with a minimum of
Rs.1000/- and in multiples of Rs.100/-
thereof. Increase / decrease of instalment at a later
date is not permitted.
8 InterestAs applicable to regular Recurring Deposit
Account
9Penalty for delayed
payment of instalment.
As applicable to regular Recurring Deposit
Scheme.
10 Transfer of Account Permitted before sanction of loan.
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11 Premature closure
Premature closure of RD +is permitted. But no
interest is payable if prematurely closed before
completion of six months.
Sl.No PARAMETERS TERMS
1 Name of the scheme Personal Loans to RD + Account holders.
2 Eligibility
All RD + account holders after completion of six
months from the date of opening RD+ Account If
the monthly instalments in RD + Account are
regular.
3 Income Criteria
A) For salaried (Employees): Minimum Net Monthly
Salary should be Rs.5000/-.
B) Other than salaried: Net Annual Income should be
Rs.60000/-.
3 Segment All segments except C&I Segment.
4 Type of Account Clean Demand Loan or Clean Overdraft.
5 Scheme availability At all our branches
6 Loan Amount
A) Minimum: Rs.24000/-B) Maximum: To the extent of the maturity value of
RD+ Account with a maximum ceiling of Rs.1.00
Lac.
7 Security
A) For loans to salaried employees any one of the
following conditions to be fulfilled.
i) Salary to be routed through the Bank with
Standing Instructions for appropriation of loan
instalment every month.
ii) Availability of check-off facility
iii) Obtention of Post dated cheques.
B) For others: Post dated cheques with suitable
3rd
party guarantee.
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8 Repayment
A) Maximum 24 Monthly equated instalments in case
of DL Account. In case of Overdraft facility the
borrower should service the monthly interest as and
when applied and the Overdraft Account should be
closed within a maximum period of 2 years. If the
borrower is an employee, branches may explore the
possibility of routing the monthly salary through the
Overdraft account.
9 Interest 1.50% above the BPLR i.e. 14.50% p.a. at present.
10 Processing Charges NIL
11 Prepayment Charges NIL
Product SPECIAL TERM DEPOSIT
Eligibility Open to All.
Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly
Segment All Segment
Availability of the
Scheme
At all our Branches
Amount Of Deposit Min Rs.1000/- and multiples of Rs.100/- no Max limit
Period of Deposit 6 Months to 120 Months
Rate of Interest As applicable to the term of the Deposit.
The interest is compounded every quarter and paid on Maturity.
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
Premature Payment Premature payment is permitted with or without penalty as applicable
Loan Facility Loan is permitted in the form of Demand Loan OR Cash Key
Tax Deduction At
Source
TDS is applicable as per IT Rules.
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Renewal Auto renewal of the Deposit on Maturity
Product SHORT TERM DEPOSIT
Eligibility Open to All.
Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly
Segment All Segment
Availability of the
Scheme
At all our Branches
Amount Of Deposit Min Rs.1000/- and multiples of Rs.100/- no Max limit
Period of Deposit 15 Days to 179 Days
For Deposits of Rs.15/- lacs and above, the range starts from 7 Days.
Rate of Interest As applicable to the term of the Deposit.
The interest is paid at the time of Maturity.
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
Premature Payment Premature payment is permitted with or without penalty as applicable
Loan Facility Loan is permitted in the form of Demand Loan
Tax Deduction At
Source
TDS is applicable as per IT Rules.
Renewal Auto renewal of the Deposit on Maturity
SBH 1000 days scheme
PARTICULARS
Period of Deposit 1000 days
Deposit Amount Minimum Rs.10,000/- and in multiples of Rs.1,000/- thereof
Type of Account Special Term Deposit & Fixed Deposit with an option to pay monthly interest
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Rate of Interest y Public - 8.00% p.a.y Senior Citizens - 8.50% p.a.y Staff - 9.00% p.a.y Staff Senior Citizens - 9.50% p.a.
Effective Date 07-10-2010
Segments All Segments including NRO Accounts
Scheme Available at All Branches of the Bank
Loan Facility Available in the form of Demand Loan or Overdraft facility as per extant
guidelines
Premature Payment As applicable to the normal deposit schemes
Product SBH TAX SAVER SCHEME
Eligibility All Income Tax Payers having Permanent Account Number (PAN).
Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly. Only the first account holder
will be eligible for the deduction from income u/s 80C.
Type of Account Fixed Deposit or Special Term DepositAvailability of the
Scheme
At all our Branches
Period of Deposit Min Maturity period of the TDR shall be 5 Years.
Amount Of Deposit Min Rs.100/- and multiples of Rs.100/- Max limit Rs.1/-lac. In a financial year.
Rate of Interest As applicable from time to time.
1. Special Term Deposit: The interest is compounded every quarter andpaid on Maturity.
2. Fixed Deposit :The interest is paid at Monthly, Quarterly, Half-Yearlyand Yearly intervals as per your option.
Advantage Amount invested in this scheme is eligible for deduction under section 80C of
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IT ACT.
Nomination Nomination facility is available for all individual Accounts
Transfer of Account. Permitted
Premature Payment Premature payment is not permissible
Loan Facility Loan is also not permitted
Tax Deduction At
Source
TDS is applicable as per IT Rules
Product SAVINGS PLUS
Type of Account Savings Bank Account + MODS
Eligibility All individualsSegment Personal Segment
Availability of the
Scheme
At all our Branches
Amount Of Deposit Rs.5000/- balance always in SB+ Account
Style Of Account For Individuals Singly or Jointly payable to
E OR S, F OR S, L OR S OR Payable Jointly
Period of Deposit 1 Year to 5 Years.
Other Specifications 1. Specify the threshold balance to be always maintained in SB+2. Specify the Term of the Deposit.( 12,24,36 months) For issue of the
Deposit.
3. The frequency of such transfer (dates etc)Other Options You can change any of the options given by you at any time
i.e. Threshold Balance, Term of Deposit or Both.
Rate of Interest As applicable to the term of the Deposit.
y Special Term Deposit: The interest is compounded every quarter andpaid on Maturity.
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y Fixed Deposit :The interest is paid at Monthly, Quarterly, Half-Yearlyand Yearly intervals as per your requirement
Nomination Nomination facility is available for all Accounts
Advantages You can draw funds from MODS Account into your SB+ Account by simply
issuing a cheque
The amount gets credited with applicable interest (without penalty), the rest of
the amount continues as Term Deposit
Tax Deduction At
Source
TDS is applicable as per IT Rules.
Service Charge Service charge is applicable if the Min. balance in SB+ Account falls below
Rs.5000/-.
Senior Citizens
y We offer half a percent more than the normal rate for Deposits of 1 year andabove.
yWe give 50% concession in maintenance of Min. Balance as well as in ServiceCharges.
y Pension Accounts in single names are being converted into Joint Accounts.
PARTICULARS
Period of Deposit 500 days
Deposit Amount Minimum Rs.10,000/- and in multiples of Rs.1,000/- thereof
Type of Account Special Term Deposit & Fixed Deposit with an option to pay monthly interest
Rate of Interest y Public - 7.75% p.a.y Senior Citizens - 8.25% p.a.y Staff -8.75% p.a.
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y Staff Senior Citizens - 9.25% p.a.
Effective Date 07.10-2010
Segments All Segments including NRO AccountsScheme Available at All Branches of the Bank
Loan Facility Available in the form of Demand Loan or Overdraft facility as per extant
guidelines
Premature Payment As applicable to the normal deposit schemes
NRI SERVICES
NRI's can open the following types of accounts with SBH
NRE Rupee Account - Savings / Current Account Term Deposit (FDR) Special Term Deposit Non-Resident Ordinary (NRO) a/c Foreign Currency Non Resident (FCNR) a/c Resident Foreign Currency (RFC) a/c
NRE - Savings Bank / Current A/C
1. It can be opened only by non resident Indians (NRIs)2. It can be opened jointly with another NRI (in case you wish to open the account jointly
with your spouse(s) he should also be an NRI).
3. You can avail Internet Banking facility available, wherein You can view and transact onyour account(s) on line
4. The minimum balance of Rs.1,000/- is to be maintained in Savings Bank a/c.5. The minimum balance of Rs.5,000/- to be maintained in Current account.
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Interest rate for non residence savings bank deposits: 3.50%
Interest rate for non residence current a/c: nil
Permissible Credits
1. Remittances from abroad (SWIFT, Telegraphic transfers) in permitted currencies.2. Personal cheque drawn on your account(s) maintained abroad.3. Proceeds of Foreign Currency Notes/ Travelers cheques tendered by you in person during
your visits to India.
4. Amounts in excess of $5000 USD (or equivalent) in currency or $10,000 USD (orequivalent) in Travelers cheques should be accompanied by a Currency DeclarationForm.
5. Drafts issued by Bank/Exchange Cos. Abroad.6. Transfer from another NRE account.7. Interest/dividend/maturity proceeds of investments made in India on repatriable basis.8. Nomination can be in favor of residents or non-residents.9. Funds lying in the NRE Account on the death of an account holder can be repatriated to
his non-resident nominee. For remittance of funds by resident nominee outside India for
meeting the liabilities or for similar other purposes of the deceased account holder, prior
approval of RBI is required.
Customers, who wish to open an account for the first time with our bank, should send cheque /
draft as initial remittance along with duly filled a/c opening form, passport copies, photograph,
attestation of signature, to the branch of your choice to enable them to verify your status.
Subsequently, the customer are advised to opt for SWIFT remittance quoting the Account
Number / Customer Number, Name of Branch he / she prefers to transfer the amount
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Term Deposit (FDR)
1. Minimum period 1 year2. Maximum period 5 years3. Interest can be drawn monthly / quarterly (conditions)4. Premature withdrawals permitted (conditions)5. No penalty is levied after the minimum period of 1 year, for the amounts up to Rs.5.00
lacs or equivalent of $10,000 USD.
6. Premature withdrawal permissible subject to 1% penal interest, after the minimum periodof 1 year, for the amounts above Rs.5.00 lacs or equivalent of $10,000 USD
7. No interest is payable for deposits of less than 12 months8.
Principal & interest are fully repatriable.
9. Nomination can be in favour of residents or non-residents. Funds lying in the NREAccount on the death of an account holder can be repatriated to his non-resident nominee.
For remittance of funds by resident nominee outside India for meeting the liabilities or
for similar other purposes of the deceased account holder, prior approval of RBI is
required.
10.The minimum balance of Rs.5,000/- to be maintained in Current account.Customers, who wish to open an account for the first time with our bank, should send cheque /
draft as initial remittance along with duly filled a/c opening form, passport copies, photograph,
attestation of signature, to the branch of your choice to enable them to verify your status.
Subsequently, the customers are advised to opt for SWIFT remittance quoting the Account
Number / Customer Number, Name of Branch he / she prefers to transfer the amount
NRE - Term Deposits (STDR) Special Term Deposits
1. Minimum period 1 year2. Maximum period 5 years3. Premature withdrawals permitted (conditions)4. You can open a Special Term Deposit with a nominal amount of Rs.1,000/- only.5. Premature withdrawals permitted (conditions)
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6. No penalty is levied after the minimum period of 1 year, for the amounts up to Rs.5.00lacs or equitant of $10,000 USD.
7. Premature withdrawal permissible subject to 1% penal interest, after the minimum periodof 1 year, for the amounts above Rs.5.00 lacs or equivalent of $10,000 USD.
8. Principal & interest are fully repatriable.9. Nomination can be in favour of residents or non-residents. Funds lying in the NRE
Account on the death of an account holder can be repatriated to his non-resident nominee.
For remittance of funds by resident nominee outside India for meeting the liabilities or
for similar other purposes of the deceased account holder, prior approval of RBI is
required.
Customers, who wish to open an account for the first time with our bank, should send cheque /
draft as initial remittance along with duly filled a/c opening form, passport copies, photograph,
attestation of signature, to the branch of your choice to enable them to verify your status.
Subsequently, the customer are advised to opt for SWIFT remittance quoting the Account
Number / Customer Number, Name of Branch he / she prefers to transfer the amount
NRO - Non-Resident (Ordinary Accounts)
1. It can be held jointly with other non-residents or residents.2. The deposit can be opened in Savings Bank, Current Accounts, Fixed Deposits and
Special Term Deposits.
3. Accounts can be withdrawn for making local payments in rupees.4. Investment in shares / securities / immovable properties on non repatriation basis with
general or specific permission from the RBI.
5. Premature withdrawals permitted (conditions apply)6. Interest earned in NRO a/c is repatriable fully. The principal amount is entirely non-
repatriable.
7. Banks are permitted to allow remittance up to $1 million USD per calendar year out ofthe balances held in NRO account, from current year earnings including proceeds of sale
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of immovable property, acquired in India out of the rupee or foreign currency funds or by
inheritance.
Inherited Assets
1. Sale proceeds of the assets acquired through inheritance can be remitted, without anylock in period, subject to the satisfaction of authorized dealer.
2. Assets acquired in India out of rupee / foreign currency funds.3. Immovable Property: NRIs and PIO can remit sale proceeds of immovable property,
acquired by them when they were resident or out of rupee funds as NRI or PIO. Subject
to a minimum lock in period of 6 months.
4. Other Financial Assets: The sale proceeds of other financial assets can also be remittedoutside India without any lock in period.
5. Remittance of assets by person resident outside India other than NRI / PIO out of NROaccount.
6. Remittance of assets out of a NRO account are permitted in case of a foreign nationalwho is not a citizen of Pakistan, Bangladesh, Nepal or Bhutan and who has retired as an
employee in India; has inherited assets from a resident Indian; or is a widow residing
outside India and has inherited assets of her deceased husband who was a resident Indian.
An amount up to $1 million USD per calendar year can be remitted on production of
evidence to support the claim by way of inheritance or legacy of assets to the authorized
dealer
7. The above facility of repatriation is not extended to citizens of Pakistan, China,Bangladesh, Sri Lanka, Afghanistan, Iran, Nepal and Bhutan. Remittance of sale
proceeds from other financial assets is also not extended to citizens of Pakistan,
Bangladesh, Nepal and Bhutan.
8. Funds lying in the NRO Account on the death of an account holder can be credited to theNRO account of his non-resident nominee
9. Rupee loans can be taken in India against the security of the deposit.a) By the depositor(s)
b) By third parties
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Your income in India can be credited to NRO accounts.
FCNR- Foreign Currency Non-Resident Deposit Accounts
1. FCNR accounts can be opened only by an NRI and kept in Term Deposits for fixedperiods.
2. It can be opened jointly with another NRI.3. Nomination can be in favor of residents or non-residents. Funds lying in the NRE
Account on the death of an account holder can be repatriated to his non-resident nominee.
For remittance of funds by resident nominee outside India for meeting the liabilities or
for similar other purposes of the deceased account holder, prior approval of RBI isrequired.
4. Deposits can be opened in USD, Euro, Sterling Pounds, Canadian Dollars and AustralianDollars.
5. The minimum period of deposit is one year and maximum period is 5 years.6. No penalty is levied after the minimum period of 1 year, for the amounts up to Rs.5.00
lacs or equivalent of $10,000 USD.
7. Premature withdrawal permissible subject to 1% penal interest, after the minimum periodof 1 year, for the amounts ABOVE Rs.5.00 lacs or equivalent of $10,000 USD.
8. No interest is payable if the deposit is closed within a year.9. Rupee loans can be taken in India against the security of the deposit.
a) By the depositor(s)
b) By third parties
10.Foreign currency loans can be availed abroad against the security of FCNR deposits.
RFCA - Resident Foreign Currency Accounts NRIs returning to India for permanent settlement
can open RFC accounts.
Permissible Credits
Facility for returning Indians.
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1. Balance in NRE / FCNR accounts on arrival in India. (Fixed deposits can be closedprematurely without penalty or held till maturity and then credited to RFC a/c)
2. To maintain outside earnings in convertible foreign exchange.3. All NRIs who had been resident outside India for a continuous period for 1 year eligible4. Remittances from abroad being sales proceeds of assets held abroad or income earned
abroad.
5. Proceeds of Foreign currency notes / Travelers cheques brought into India.6. RFC accounts are at present being opened in USD only. Can be opened by PIOs / NRIs
returning to India after staying abroad.
7. Maintained in USD in Savings Bank / Current account or Term Deposit of 12 / 36 monthsduration.
8. No cheque book issued for RFC(SB) account/Current Account.9. Interest payable in USD - can be drawn in India rupees on conversion10.Joint holding with another person eligible to open RFC account is permitted.11.Funds can be used to make bonafide payments abroad.12.Withdrawals can be made for making payments in India and are permitted in Rupees
only.
The accounts can be converted to FCNR / NRE accounts in case the person becomes an NRI
again.
OTHERSERVICES
Demat/Depository Services:
SBH launched depository participant services with National Securities Depository Ltd.,
(NSDL). Investor can now hold thier securities as electronic book entries and transfer securities
without actually handling physical scripts. Hand in your share certificates with a Demat Request
form. When investor want to sell or purchase securities, you only need to give
delivery/instructions to effect a settlement.
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Why one should hold securities in dematerialized form?
Because, in the demat form, customer do not run the risk of theft, loss, misplacement, bad
deliveries, or damage to scripts. No stamp duties on transfers of securities.
The settlement cycle is faster. You do not lose out on market opportunities as the securities are
available in your account immediately after pay out(T+2 settlement). There are no cumbersome
transfer deeds to be signed and bonus and rights shares are credited by issuers directly into your
demat account, cash components to customers SB/CA accounts maintained at their branch
directly through ECS, eliminating delays.
When customer purchase new issues of securities in the primary market, they are directly
credited to his account on allotment. Customer can enjoy preferential treatment to obtain loans
against demat shares. SBH is registered with NSDL as a Depository Participant, which permits
SBH to perform the following activities:
SBH Depository Participant ID NO. IN 301397 situated at Gunfoundry, Hyderabad.
Demat and Remat of securities such as equities, shares and debentures
Market transfer purchases and sales
Off-Market transfer purchase and sales
Noting pledges SCHEDULE OF CHARGES for individuals and corporate houses
Agreement Charges/Stamp
DutyRs.100/-
Account Opening None
Account Closing None
Annual Maintenance
ChargesRs.200/- p.a.
Dematerialisation Rs.100/- p.a. for SBH staff and pensioners
RematerialisationRs.2/- per certificate Minimum Rs.10/- +
Courier charges Rs.25/- per request
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Transaction FeeRs.25/- per certificate or 0.20% of the market
value, whichever is higher
Market Purchase Credit
0.04% of value, minimum of Rs.20/- for retail
customer
Rs.40/- for others per trade
For CP- Nil
Market Sale
0.04% of value, minimum Rs.20/- for retail
customer
Rs.40/- for others per trade
0.02% of face value for CP, maximum of
Rs.500/- per trade
Off-Market Purchase
0.04% of value, minimum of Rs.20/- for retail
customers
Rs.40/- for others per trade
Off-Market Sale
0.04% of value, minimum of Rs.20/- for retail
customers
Rs.40/- for others per trade
Inter Depository
TransactionsRs.20/- per transaction
Pledge: Creation /
Confirmation / Closure
Rs.100/- per request and Rs.100/- per request
or invocation
Custody Charges Equity
None for retail customers
0.02%, minimum of Rs.25/- per quarter for
companies that have paid one time charges
For CP- Nil
Custody Charges
Government Securities
0.15% of the value of the holdings as on the
last Friday of the month
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RETAIL TRADING IN GOVERNMENT SECURITIES (G-SEC):
Retail Trading in Government Securities( G-SEC) for their customer/retail clients is being
introduced.
E-Broking (3-in-1 Account):
Bank has entered into a franchisee agreement with SBICap Securities Limited (SSL) on 17-01-
2008 to offer the e-broking facility (3 in 1 account) to their customers.
The arrangement provides the following set-up:
y Bank Account with State Bank of Hyderabad (SBH)y Demat Account with SBICap Securities Limited (SSL).y Trading Account with SBICap Securities Limited (SSL).
Any customer of any Branch of the Bank can open e-broking account to transact in share
markets.
ATM Services (ATM Cum Debit Card):
SBHs ATM Debit card services offer customers easy access to money anytime from anywhere.
The card is safe and secure and eliminates the need to carry large amounts of cash. It saves time
and the inconvenience of going to the bank for cash withdrawals.
Customer can withdraw from Savings and Current accounts, including overdraft accounts.
Customer can view the current balance and also a mini statement of the last five transactions on
their account. Customers are provided a Personal Identification Number (PIN) when they
receive the card. customer can change the PIN later.
ATM cum Debit Cards issued by the Bank can be used at more than 12500 ATMs of Andhra
Bank, Bank of India, Corporation Bank, Dena Bank, HDFC Bank, Indian Bank, IndusInd Bank,
Punjab National Bank, UCO Bank, Union Bank of India , UTI Bank, Canara Bank and Bank of
Rajasthan which are members of bilateral sharing arrangement.
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ATM cum Debit Cards issued by the Bank can also be used in India at the ATMs,other than
those under bilateral sharing arrangement, displaying any one or all of MasterCard, Maestro or
Cirrus Logos. The Banks International Debit Card can be used at more than 10,00,000 ATMs
across the world, displaying any one or all of MasterCard, Maestro or Cirrus Logos. The rates for
such usage have been revised with effect from 01-11-2009. Customers are requested to take note
of the revised rates, as under :
Type of Account Service Revised Charges
Saving Bank Account Balance Enquiry NIL
Current Account and
KCCBalance Enquiry NIL
Savings Bank Account
Cash Withdrawals:
a. Upto 5 withdrawaltransactions at other Bank
ATMs in a month
b. Above 5 withdrawaltransactions
a. Freeb. Rs 20/- per
withdrawal
transaction
Current Account and
KCCCash Withdrawals
Rs 20/- per withdrawal
transaction. (i.e. No free
withdrawal transaction
permitted)
The maximum amount of withdrawal on other Bank ATMS by our card holders : Rs 10,000/-
per transaction and State Bank Group ATMs will disburse maximum of Rs 10,000/- per
withdrawal by other Bank's cardholders