About SBI
The State Bank of India, popularly known as SBI, is one of the leading banks in India. The bank traces its origin to the first decade of the 19th century. Later on, it was merged with the Imperial Bank. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI.
The State Bank of India is India's largest commercial bank. The bank has been striving sincerely to adhere to the efforts of providing utmost customer satisfaction to the best possible extent. The SBI has presence all over India with 16,000 branches. Not only this, the bank has made its roots secured internationally as well. At present, SBI has 131 branches in 32 countries all over the world.
SBI created a unique method of serving its customers even on a holiday. One can find a floating SBI ATM on a boat in the backwaters of Kerala. This caters to the needs of the customers by providing service round the clock. Besides, the customers can also avail the facilities of online banking and transactions.
State Bank of India Services
State Bank of India Services are most varied and innovative amongst all its contemporaries. State Bank of India Services includes a host of products and services to suit all types of consumers.
- Banking Subsidiaries- State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIr),State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).
- Foreign Subsidiaries - State bank of India International (Mauritius) Ltd.,State Bank of India (California), State Bank of India (Canada) and INMB Bank Ltd, Lagos.
- Non- banking Subsidiaries - SBI Capital Markets Ltd (SBICAP), SBI Funds Management Pvt Ltd (SBI FUNDS), SBI DFHI Ltd (SBI DFHI), SBI Factors and Commercial Services Pvt Ltd (SBI FACTORS) and SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
- Joint ventures - SBI Life Insurance Company Ltd (SBI LIFE).
Products & Services
- Personal Banking
- NRI Services
- Agriculture
- International
- Corporate
- SME
- Domestic Treasury
SBI Retail Banking
The following services are provided under Retail Banking:-
- Term Deposits
- Recurring Deposits
- Housing Loan
- Educational Loan
- Personal Loan
- For Pensioners
- Against Mortgage of Property
- Against Shares & Debentures
- Plus Scheme
- Medi-Plus Scheme
- Rates of Interest
Apart from these, SBI also provides several other NRI services. The State Bank of India has its presence all over India with 16,000 branches. Not only this, the bank has made its roots secured internationally as well. At present, SBI has 131 branches in 32 countries all over the world.
SBI NRI Account
State Bank of India NRI Account as defined by FEMA can be opened by -
- An Indian citizen / Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business / vocation in circumstances as would indicate an intention to stay outside India for an indefinite period.
- An individual, if stays less than 182 days in India,during the preceding financial year.
SBI NRI Account Opening Procedure
State Bank of India NRI Account offers banking services to Indians living outside India and the process of opening of an NRI account with SBI / State Bank of India are -
- Documents requirements - Passport copy, Visa / residence permit, 2 photographs and initial money remittance.
- Signature verification by anyone of the following - Indian Embassy / consulate, Any person known to the Bank, Notary public and any of SBI foreign offices.
- One can open - NRE Saving Bank a/c / Current Accounts, Fixed Deposits in Indian Rupees, Fixed Deposits in Foreign Currency and NRO accounts (Rupee accounts for crediting income in India).
- Further, one can authorize a resident to operate your account through a Power of Attorney or Letter of Authority. Nomination Facility is also available (Nominee can be a resident Indian also).
SBI NRI Account Services
- Deposits accounts, with following types:
- NRE Savings Bank Account.
- Foreign Currency Non-Resident Deposit Accounts.
- NRE Term Deposits.
- Non-Resident (Ordinary Accounts).
- Resident Foreign Currency Accounts.
- NRI-Car Loan Schemes.
- Miscellaneous services like -
- Facilities for returning Indians.
- Investment schemes for NRI
- Tax benefits for NRIs.
- Remittances to India.
- NRI home Loans.
State Bank of India Loans
State Bank of India Loans disburses the following loan-products through its wide network of branches in India and abroad. Loans to employees to buy shares of their companies.
- Home loans.
- SBI Saral Personal loans.
- Easy travel loans.
- Gram Nivas scheme.
- Car loan.
- Education loans.
- Property loans.
- Loan to pensioners.
- Loan against shares and debentures.
- Loan for earnest money deposits.
- Festival loans.
- Medi-plus scheme.
- Teachers-plus scheme.
- Tribal -plus scheme.
- Credit khazana.
- Rent plus.
- SBI career loans.
SBI Loans Rates
- SBI Home Loans (w.e.f. 9th April 2007) -
- Floating Interest Rates – 12.75% (upto 5 years Tenure Rate of Interest (p.a.), Upto 5 years 2.00% below SBAR, current effective rate being 10.75%. Above 5 years and upto 20 years 1.50% below SBAR,current effective rate being 11.25% )
- Fixed Interest Rates - 12.75 % upto 10years.
SBI Life Corporate Social Responsibility
Over the years, SBI Life has built up its brand reputation through programs that have reflected its focus on corporate social responsibility. Till date its most famous programs in this regard have been Gift Drishti, Read India Pledge, Gift Drishti Campus, and Read India Campus.
SBI Life Products and Services
The products offered by SBI Life Insurance may be categorized into individual plans, health plans, and group plans. They may be further described as below:
- Individual Plans
- Unit Linked Plans
- SBI Life - Smart Performer
- SBI Life - Unit Plus Super
- SBI Life - Smart Horizon
- SBI Life - Saral Maha Anand
- SBI Life - Smart Scholar
- SBI Life - Smart Wealth Assure
- SBI Life - Smart Elite
- Child Plans
- SBI Life - Scholar II
- SBI Life - Smart Scholar
- Pension Plans
- SBI Life - Annuity Plus
- Protection Plans
- SBI Life - Smart Shield
- SBI Life - Swadhan
- SBI Life - Saral Shield
- Savings Plans
- SBI Life - Smart Money Back Insurance
- SBI Life - Shubh Nivesh
- SBI Life - Flexi Smart Insurance
- SBI Life - Saral Life
- SBI Life - Sanjeevan Supreme
- Group Plans
- Corporate Solutions
- Retirement Solutions
- SBI Life - Kalyan ULIP Plus
- SBI Life - Swarna Jeevan
- SBI Life - CapAssure Gratuity Scheme
- SBI Life - Gaurav Jeevan
- SBI Life - CapAssure Leave Encashment Scheme
- SBI Life - Swarna Ganga
- SBI Life - Dhanrashi
- SBI Life - CapAssure
- Group Protection Plans
- SBI Life - Sampoorn Suraksha
- SBI Life - Suraksha Plus
- SBI Life - Credit Guard
- Group Term with ROP
- SBI Life - Swadhan (Group)
- Group Loan Protection Products
- SBI Life - RiNn Raksha
- Group Savings Protection Products
- SBI Life - Nidhi Raksha RP
- Group Micro Insurance Plans
- SBI Life - Grameen Super Suraksha
- SBI Life - Grameen Shakti
- Health Plans
- SBI Life - Hospital Cash
- SBI Life - Group Criti9
SBI Life Office Network
Following are the states where SBI Life has set up offices:
SBI Life Office Network
Following are the states where SBI Life has set up offices:
- Uttar Pradesh
- Manipur
- Bihar
- Meghalaya
- Jharkhand
- Mizoram
- Sikkim
- Nagaland
- West Bengal
- Tripura
- Haryana
- Andhra Pradesh
- Himachal Pradesh
- Orissa
- Jammu and Kashmir
- Karnataka
- Punjab
- Kerala
- Delhi
- Goa
- Rajasthan
- Maharashtra
- Uttarakhand
- Gujarat
- Arunachal Pradesh
- Madhya Pradesh
- Assam
- Chhattisgarh
SBI Life Contact Details
Corporate Address:
SBI Life Insurance Co. Ltd,
"Natraj",
M.V. Road & Western Express Highway Junction,
Andheri (East), Mumbai - 400 069
Toll free telephone numbers: 1800-22-9090, 1800-425-9010
E-Mail address: info@sbilife.co.in
State Bank of India Mutual Funds
State Bank of India Mutual Funds is a joint venture between the State Bank of India and Société Générale Asset Management, one of the world’s leading fund management companies, managing over US$ 330 Billion worldwide. SBI Mutual Fund is largest bank sponsored mutual fund in Indian market with stupendous investments track record. The State Bank of India Mutual Funds is sponsored by over 80% of the top corporate houses of the country.
Amongst host of awards and accolades won by State Bank of India Mutual Funds, the most mentioned worthy are -
1. Lipper Award – The Lipper India Fund Awards 2007.
2. ICRA – Mutual Fund Awards 2007.
3. CNBC TV 18 - CRISIL – Mutual Fund of the Year Award 2007.
Mutual Funds offers
State Bank of India Mutual Funds offers investment opportunities in both, Equity and Debt funds. With 18 years of operational experience the achievements of State Bank of India Mutual Funds are -
- The fund has launched 32 schemes and successfully redeemed them with handsome returns.
- The fund has investor base of over 3.5 million.
- SBI Mutual Fund have consistently met investor's expectations and have emerged as the preferred investment for millions of investors and HNI’s.
- SBI Mutual Fund manages over ` 16500 crores of assets and has a diverse portfolio of 30 active schemes.
- State Bank of India Mutual Funds has a network of 100 collection branches, 26 investor service centers , 28 investor service desks and 52 district organizers.
- SBI Mutual is the first bank-sponsored fund to launch an offshore fund – Resurgent India Opportunities Fund.
SBI Mutual Funds Corporate Office
State Bank of India Mutual Funds is headed by Mr. Syed Shahabuddin, Managing Director. State Bank of India Mutual Funds Corporate Office is located at:
SBI Funds Management Private Limited
191, Maker Tower 'E', Cuffe Parade,
Mumbai - 400 005, India.
Tel: +91 22 2218 0221-27
Fax:+91 22 2218 9663
E-mail: partnerforlife@sbimf.com
Web Site: www.sbimf.com
State Bank of India USA
State Bank of India USA is an extension of the parent bank - State Bank of India. There are altogether 4 foreign offices and subsidiaries of State Bank of India which, offers its service to its customers in US.
Amongst all other Indian Banks operating in foreign countries the State Bank of India USA is the most prominent one. Amongst host of awards and accolades won by State Bank of India, the most mentioned worthy being, The "TECHNOLOGY AWARD 2005" by The Banker,London.
State Bank of India, the parent bank of State Bank of India USA is a Fortune Global 500 Company.
SBI USA Services
State Bank of India USA service the international needs of the bank's USA customers, in addition to conducting retail operations. The focus of these offices is India-related business. State Bank of India USA is the best link to India with a 13000+ branch network of SBI and its Associate Banks in India. State Bank of India USA offers a wide array of services to its customers covering domains like -
- Money transfer.
- Deposits.
- Loans.
- Trade services.
State Bank of India USA has branches spread across US cities, like New York, Chicago, Los Angeles and Washington DC to cater its products and services to NRIs in US. Further, the State Bank of India USA branches acts as a facilitator for making and receiving payments.
New York Office -
- Rupee Remittances.
- Dollar Remittances.
- Other Currency Remittances.
- Deposits.
- Credit and Trade Finances.
Chicago Office -
- Personal Loans.
- Credits and Loans.
- International Banking.
- Remittances.
Los Angeles Office -
- Money Transfer to India.
- Deposits in the US.
- Credit and Trade Finances.
Washington DC -
- Money Transfer to India.
- Deposits in the US.
- Credit and Trade Finances.
State Bank of India USA Head Office Address:
SBI -Office of the Country Head (US Operations)
State Bank of India
460 Park Avenue
New York
N.Y. 10022, USA
Tel: (212) 521-3200
Fax: (212) 521-3360 (Country Head Sectt.)
SWIFT: SBIN US33
ISD: 001
Cable: INDTHISTLE
Email:ch.usops@statebank.com
website:www.statebank.com
SBI Corporate Office Address, India
The Chairman
State Bank of India
State Bank Bhavan,
Madam Cama Road,
Mumbai 400 021
Email: chairmansbi.customer@sbi.co.in
State Bank of India Website :
https://www.sbi.co.in/
SBI 24X7 helpline number :
1800 11 2211
