State Bank of India (SBI) is the largest state-owned banking and financial services company in

India. The bank traces its ancestry to British India, through the Imperial Bank of India, to the
founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian
Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and
Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India. The
government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of
India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took
over the stake held by the Reserve Bank of India.
SBI provides a range of banking products through its vast network of branches in India and
overseas, including products aimed at non-resident Indians (NRIs). The State Bank Group, with
over 16,000 branches, has the largest banking branch network in India.Its also considered as the
best bank even abroad ,having around 130 branches overseas [including 1 ADB]and one of the
largest financial institution in the world . With an asset base of $352 billion and $285 billion in
deposits, it is a regional banking behemoth. It has a market share among Indian commercial
banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the
nation's loans.[2]
The State Bank of India is the 29th most reputed company in the world according to Forbes.[3]
Also SBI is the only bank to get featured in the coveted "top 10 brands of India" list in an annual
survey conducted by Brand Finance and The Economic Times in 2010. [4]

PERSONAL BANKING
State Bank of India offers a wide range of services in the Personal Banking Segment

SBI Term Deposits SBI Loan For Pensioners

SBI Recurring Deposits Loan Against Mortgage Of Property

SBI Housing Loan Loan Against Shares & Debentures

 SBI Car Loan Rent Plus Scheme

SBI Educational Loan Medi-Plus Scheme

SBI Personal Loan Rates Of Interest

e-Invest (ASBA) - IPO

TERM DEPOSITS

Now you can earn a higher income on your surplus funds by investing those with SBI.Its
provide security, trust and competitive rate of interest.

• Flexibility in period of term deposit from 15 days to 10 years.

• Affordable Low Minimum Deposit Amount: You can open a term deposit with SBI for a
nominal amount of Rs.1000/- only.

• Flexibility in choosing the amount you wish to invest and the maturity period.

DOMESTIC TERM DEPOSITS

The revised interest rates for Domestic Term Deposits 'Below Rupees One
Crore' effective from the 14.02.2011 would be as under:

Tenors Existing Revised

w.e.f. w.e.f.
03.01.2011 14.02.2011

7 days to 14 days 4.00 7 days to 14 days 4.00

 15 days to 45 days 5.00 15 days to 45 days 5.00

46 days to 90 days 5.50 46 days to 90 days 5.50

91 days to 180 days 6.00 91 days to 180 days 6.00

181 days to less than 1 7.75 181 days to less than 1 year 7.75
year

1 year to 554 days 8.25 1 year to 554 days 8.25

555 days 9.00 555 days 9.25

556 days to less than 2 8.25 556 days to less than 2 8.25
years years

2 years to 999 days 8.75 2 years to 999 days 8.75

1000 days 9.00 1000 days 9.25

1001days to less than 3 1001days to less than 3

8.75 8.75
years years

3 year to less than 5 years 8.25 3 year to less than 5 years 8.25

5 years to less than 8 years 8.50 5 years to less than 8 years 8.50

8 years and up to 10 years 8.75 8 years and up to 10 years 8.75

• Term deposits for maturity period of “7 days to 14 days” will also be accepted for
amounts of below Rs. One Crore.

There shall be no premium in rate of interest for single domestic term deposit of ‘Rs.15
lakhs but less than Rs.1 Crore’ of any maturity. SBI TAX SAVINGS SCHEME, 2006

SBI 555 DAYS SBI 1000 FLOATING RATE TERM DEPOSITS (FRTD)

REINVESTMENT PLAN SBI MODS RECURRING DEPOSIT ANNUITY

DEPOSIT SCHEME SBI FLEXI DEPOSIT SCHEME SBI TAX SAVINGS SCHEME, 2006

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A unique product which offers higher rate of interest alongwith tax benefits.Specially
designed to cater to the needs of the Income Tax assessees.The distinctive features of this
scheme are as below:

To enable our customers to place

long term deposits to earn higher
Purpose rate of interest and also to avail the
tax benefits under section 80C of
Income Tax Act, 1961.

Resident assessee for himself/ herself

as an individual or in the capacity
Eligibility of the Karta of the Hindu undivided
family, having Income tax Permanent
Account Number

Mode of
Singly or Jointly
Operation

Minimum
Rs. 1,000/- or multiples thereof
Deposit

Maximum Not exceeding Rs. 1,00,000/- in a

Deposit year

Type of Term Deposit (TD) account / Special

account Term Deposit (STD) account

Minimum: 5 years - Maximum: 10

Tenure
years

Rate of
As applicable to Term Deposits
Interest

No term deposit shall be encashed

Premature
before the expiry of five years from
withdrawal
the date of its receipt.

Availability Presently at CBS Branches

Nomination
Available
Facility

Loan Facility Not Available

Transferability
among Allowed
branches

SBI 1000

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You can earn a higher income on your surplus funds by investing in Term deposits for a
tenure of 1000 days which is applicable for all market segments

• Affordable Low Minimum Deposit Amount: of Rs.1000/- only

• Flexibility in choosing the amount you wish to invest with No maximum Limit for
investment.
• Please check our Interest Rates online or simply email through our Helpline.
• SBI 1000 is available at all SBI Branches
• Easy and convenient access of 24X7 information at SBI Internet Banking.
• Nomination Facility - Available.
Safety - We understand the value of your hard earned money and continue to deliver on
our promise of safety and security over 200 years.

Liquidity

Loan /overdraft facility: You can avail a loan/overdraft against your deposit. SBI provides
you loan / overdraft up to 90% of your deposit amount at nominal cost. So you continue to
earn interest in your deposit and still can meet your urgent financial requirements.

Premature Withdrawal

Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate
applicable for the period deposit has remained with the Bank.

•Transferability- Transfer of Term Deposits between our wide network of branches

without any charge.

•Compounding / Flexible / Timely Payment of Interest - Under our Special Term

Deposit Scheme, interest accrues in your SBI 1000 account and gets compounded quarterly.
We assure timely delivery of the proceeds of your deposit with interest, on maturity.
Flexibility of payment on maturity through Cash (subject to prevalent Income Tax Act),
Banker's Cheque, Credit in Savings Bank/Current account.

Flexibility to convert your Special Term Deposit to Term Deposit and vice versa

 You can convert your special Term Deposit to a Term Deposit to receive
monthly/quarterly interest payments to match your financial requirements.
Quarterly interest at calendar quarter is also available.
 You can also convert your Term Deposit to a Special Term Deposit, which
provides compounded rate of interest to multiply your money faster.
Tax Implications.

Tax Deductible at Source, as per Income Tax Act.

Automatic Renewals

There is no need for you to keep track of the maturity of your deposits. Your deposits with
us will be renewed automatically, post maturity and you continue to earn interest for same
period as that of your matured deposit, at the interest rate prevailing at the time of
maturity. Automatic renewals take place where there are no standing instructions for
renewal.

SBI 1000 product may be withdrawn at short notice.

FLOATING RATE TERM DEPOSITS (FRTD)

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Product Features: Floating Rate Term Deposit

(Scheme w.e.f. 06th September 2010)

Floating Rate Term Deposit

Scheme Name
Floating rate term deposit will allow the investor to take advantage
1 Purpose
of any interest rate changes even in the short term

2 Who Can Open Any Individual

The A/C Singly
Or jointly
Minor (himself/herself or through his/her guardian)
 Karta of HUF

Minimum & ` 1,000/- only and thereafter in multiple of ` 1,000/-

3 Maximum The Maximum Amount that can be invested under this Scheme is
amount `15 lacs

Two person can open joint accounts with

Either or survivor*,
Former or survivor,
Later or survivor,
Both or survivor**,
Both jointlybasis.
For more than two persons it should be
All of them or survivors or last survivor,
Any one or more of them or survivors or the last
survivor.
A particular person during his/her life time or survivors
4 Joint accounts jointly or the last survivor
*Either or survivor It means either of the depositors can operate
the account, and after the death of one of the depositor survivor
can operate the account.

**Survivor the person who remains alive after the death of other
account holder.

In joints accounts if one or more of the depositor stop the

operation of the accountit will be operated by all the account
holders jointly.

Period of  1 year
5
deposit  3 years
 5 years
Tenor Interest rate

1 year 50 bps below Base rate

3 years 25 bps below Base rate

6 Interest Rate
5 years at Base rate

The Interest Rate will be reset, every time the Base Rate is
changed, with an upper cap of 200 basis points above the Fixed
Term Deposit rate

Interest
7 Interest will be paid quarterly/ monthly discounted
Payment

8 Liquidity  One can avail a loan/overdraft against term deposit.

 At the discretion of the Branch Manager overdraft/loan up to
 90% of FRTD amount may be provided. The loan/overdraft
will be given at interest rate of 1.5% p.a.above the interest
rate paid on the deposit.
Nomination
9 Nomination facility is available free of charge.
facility

TD Account FRTD Account can be transferred to any branch of State Bank of

10
Transfer India in India.

A minor alone, cannot open an FRTD as the maturity amount

11 Minor's account cannot be determined at the time of opening the FRTD. Minor to be
can open FRTDs jointly with his/her guardian only.

 The deposits will be renewed automatically for same period

Automatic
as that of your matured deposit, at the interest rate
12 Renewals
prevailing at the time of maturity.
 Automatic renewals take place where there are no standing
instructions for renewal.
Tax deduction at If the interest paid/ payable on deposit exceeds `10,000/- per
13
source customer, per year, per branch.

A FRTD falling due on Sunday or holidays is paid on the succeeding

FRTD maturing
14 working day and will be paid with interest for the intervening
on holidays
holiday at the originally contracted rate.

Premature
Interest to be paid on premature withdrawal of term deposits at
15 Withdrawal 1.00% below the Term Deposit rate applicable for the period
deposit has remained with the Bank
TD cash Under no circumstances TD payment (together with interest) of `
16
payment 20,000/- and above shall be made in cash.

Senior Citizen  Senior Citizens will be paid interest at 50 basis point higher
17 and Staff that applicable FRTD rate
Interest rates  Staff will be paid interest at 100 basis point higher than
applicable FRTD rate

REINVESTMENT PLAN

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SPECIAL TERM DEPOSITS

This plan helps you to earn interest on interest, thus giving you a two-fold income. You
deposit your money with us for any period between six months to 10 years, and we pay you
interest on your deposited money plus on the interest you earn. Thus your interest gets
compounded every quarter giving you higher returns.
Affordable/Very Low Minimum Deposit Amount
You can open a Special Term Deposit with SBI for a nominal amount of Rs. 1000/- only.
Highlights

Safety - We understand the value of your hard earned money and continue to deliver on
our promise of safety and security over 200 years.

Liquidity

Loan /overdraft facility: You can avail a loan/overdraft against your deposit.SBI provides
you loan / overdraft upto 90% of your deposit amount at nominal cost.So you continue to
earn interest in your deposit and still can meet your urgent financial requirements.

Premature Withdrawal

Interest to be charged on premature withdrawal of special term deposits at 1.00% below

the rate applicable for the period deposit has remained with the Bank.

Transferability- Transfer of Special Term Deposits between our wide network of branches
without any charge.

Flexible / Timely Payment of Interest - We assure timely delivery of the proceeds of

your deposit with interest, on maturity.Flexibility of payment on maturity through Cash
(subject to prevalent Income Tax Act), Banker's Cheque, Credit in Savings Bank/Current
account.

Others

• Special Term Deposits are available at all SBI Branches

• Easy and convenient access of 24X7 information at SBI Internet Banking.
• Nomination Facility - Available.

Tax Implications.

Tax Deductible at Source, as per Income Tax Act.

Automatic Renewals
There is no need for you to keep track of the maturity of your deposits.Your deposits with
us will be renewed automatically, post maturity.And you continue to earn interest for same
period as that of your matured deposit, at the interest rate prevailing at the time of
maturity.Automatic renewals take place where there are no standing instructions for
renewal.

Flexibility to covert your Term Deposit to Special Term Deposit and vice versa

 You can convert your Term Deposit to a Special Term Deposit, which provides
compounded rate of interest to multiply your money faster.
 You can also convert your Special Term Deposit to a Term Deposit to receive
monthly/quarterly interest payments to match your financial requirements.
SBI MODS

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MULTI OPTION DEPOSIT SCHEME

The Multi Option Deposit (MOD) Account is a combination of Savings Bank or Current
Account with Term/ Special Term Deposit Accounts, so that one can securely write cheques
upto the balance in the MOD account or upto the drawing power available as overdraft in
the Current account.Withdrawals through ATMs can also be conveniently made.

Exclusive Features:

• Complete Liquidity.
• Convenience of Overdraft.
• Earns a higher rate of interest on your deposit, without the dilemma of locking it for
a long period.

• At the time of need for funds, withdrawals can be made in units of Rs.1,000/- from
the Deposits by issuing a cheque from Savings Bank Account or through overdraft
facility from Current account.
• Flexibility in period of Term Deposit from 1 year to 5 years.
 • You can open a MOD account with SBI for a minimum amount of Rs. 10,000/- only.
• MOD Scheme is available at all SBI Branches
• Easy and convenient access of 24X7 information at SBI Internet Banking
• Nomination Facility - Available.

Other Facilities

Type of Deposit Linked to Account Type Facilities

Term Deposit Savings Bank Account • A Term Deposit (Interest paid

monthly or quarterly) under MOD
is linked with a Savings Bank
account permitting to withdraw
funds from Term Deposits in units
of Rs.1000/- by issuing a cheque
on Savings Bank Account
• Additional interest can be earned
by routing your interest
receivables from Term Deposit to
your Savings Bank Account
Term Deposit Current Account A Term Deposit (interest paid monthly or
quarterly) under MOD scheme is linked
with a Current account with overdraft
facility permitting you to withdraw funds
upto the available Drawing Power.

Special Term Savings Bank Account A Special Term Deposit (interest

Deposit compounded quarterly) under MOD is
linked with a Savings Bank account
permitting to withdraw funds from
Special Term Deposits in units of
Rs.1000/- by issuing a cheque from
Savings Bank account.

Special Term Current Account A Special Term Deposit (interest

Deposit compounded quarterly) under MOD is
linked with a Current Account with
overdraft facility permitting you to
withdraw funds upto the available
 Drawing Power.

• Tax Implications
Tax Deductible at Source as applicable to Term Deposits/ Special Term Deposits.

• Automatic Renewals
As applicable to Term Deposits/ Special Term Deposits.

• Premature Withdrawal
As applicable to Term Deposits/ Special Term Deposits.

• Regular Updates
A quarterly statement showing the value of the deposits including interest, is issued.

• Nomination Facility - Availa

• ANNUITY DEPOSIT SCHEME

• [Print Page]
•
1. NAME Annuity Deposit Scheme

To enable the depositor to pay one time

lump sum amount and to receivethe same
in Equated Monthly Instalments (EMIs),
comprising a part of the
principal amount as well as
intereston the reducing principal amount,
compounded at quarterly rests
and discounted to the monthly value.
2. Purpose
Payment of interest will
start on the anniversary
date of the month following
the month of deposit.
If that date is non-existent
(29th, 30th & 31st),
it will be paid on the
1st day of the next month.

3. Segment Personal segment

 Individuals, including minors in
4. Eligibility
single or joint names.

Singly/ Jointly/ Jointly with

5. Mode of Holding
survivorship benefits.

6. Type of account Annuity (Term) Deposit account.

7. Available at At all branches

Maximum: No Limit
Minimum- Based on
minimum monthly annuity
8. Deposit amount
Rs 1000/- for the relevant period.
In no case Minimum Amount
of deposit should be below Rs 25,000.00

9. Tenure 36/60/84 or 120 months

As applicable to the Term Deposits

10. Rate of interest
of tenure as opted by the depositor.

Universal Passbook will be

issued to the depositors.
11. Receipts/ Advices
No Receipts will be issued
to the depositors.

Permitted only in case of

12. Premature Payment
death of depositor.

As applicable to Term
13. Account opening
Deposit/ Special Term Deposit

14. Nomination As applicable to deposit accounts.

At the discretion of the Branch Manager

overdraft/loan upto 75%
of the balance amount of annuity
may be granted on special cases.
15. Loan facility It will be the same as applicable
to TRD/STDRs. After
disbursal of OD/loan,
further annuity payment
will be deposited in loan account only.

16. Others Other Terms and conditions

such as transferability among branches,
Tax Deduction at Source (TDS),
 as applicable to normal TD/STD accounts
will be applicable to this
scheme.

Interest amount calculation

is rounded off to
the lowest rupee value. Due to this,
is there can be
variation in the last
annuity instalment.

SBI FLEXI DEPOSIT SCHEME

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1. Name of the product SBI Flexi Deposit

To enable our customers to place

long term deposits to earn attractive rate
2. Purpose
of interest along with flexibility
in choosing the deposit amount.

3. Segment Personal

Resident individuals,
4. Eligibility
including minors

5. Mode of Holding Singly or jointly

Recurring Deposit
6. Type of account
(Variable deposit) account.

Extant procedure for opening

Account opening
7. a normal Recurring Deposit
procedure
account will be applicable.

Minimum - 5 years
8. Period of deposit
Maximum - 7 years

All branches (except specialized

9. Available at credit intensive branches)
all over India.

10 Minimum deposit Rs. 5,000/- per Financial Year

. amount (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 will
be Rs.50/- per Financial Year

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

As applicable to Term deposits.

Interest will be compounded at
quarterly intervals, based on the balance
12
Rate of interest outstanding on the last date of each month.
.
Deposit on maturity can be withdrawn
on the last date of
the month in which it matures.

13
Tax deduction at source Interest payable will be subject to TDS.
.

The rate applicable in case of

14 premature withdrawal shall be 1.00%
Premature closure
. below the rate applicable for the period
the deposit has remained with the Bank.

15
Nomination As applicable to deposit accounts.
.

16
Loan facility As applicable to Term Deposits
.

17 Transferability among
Allowed
. our branches

Other terms and conditions such as,

18 KYC guidelines, etc as
Others
. applicable to other deposit accounts
will be applicable to this scheme./SPAN>

Top of Form
RELATED LINKS ›

Maturity Value
Calculator

LIST OF PBB
BRANCHES

Bottom of Form

Highlights

Safety - We understand the value of your hard earned money and continue to deliver on
our promise of safety and security over 200 years.

Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against your deposit. SBI provides
you loan / overdraft up to 90% of your deposit amount at nominal cost. So you continue to
earn interest in your deposit and still can meet your urgent financial requirements.

Premature Withdrawal

Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate
applicable for the period deposit has remained with the Bank.
•Transferability- Transfer of Term Deposits between our wide network of branches
without any charge.
•Compounding / Flexible / Timely Payment of Interest - Under our Special Term
Deposit Scheme, interest accrues in your account and gets compounded quarterly. Besides,
we assure timely delivery of the proceeds of your deposit with interest, on
maturity.Flexibility of payment on maturity through Cash (subject to prevalent Income Tax
Act), Banker's Cheque, Credit in Savings Bank/Current account.

• Term Deposits are available at all SBI Branches

• Easy and convenient access of 24X7 information at SBI Internet Banking.
• Nomination Facility - Available.
Tax Implications.

Tax Deductible at Source, as per Income Tax Act.From 01.04.2010, the rate of TDS will be
higher of 20% or the applicable rate in all cases where valid PAN is not quoted by the
recipient. The declaration filed in 15G and 15H shall not be valid unless the person filing the
declaration furnishes his/her PAN in such declaration.

Automatic Renewals

There is no need for you to keep track of the maturity of your deposits. Your deposits with
us will be renewed automatically, post maturity and you continue to earn interest for same
period as that of your matured deposit, at the interest rate prevailing at the time of
maturity. Automatic renewals take place where there are no standing instructions for
renewal.
Flexibility to covert your Special Term Deposit to Term Deposit and vice versa

 You can convert your special Term Deposit to a Term Deposit to receive
monthly/quarterly interest payments to match your financial requirements. Quarterly
interest at calendar quarter is also available.
 You can also convert your Term Deposit to a Special Term Deposit, which provides
compounded rate of interest to multiply your money faster.
RECURRING DEPOSIT

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RECURRING DEPOSIT

Want to create a fund for your children's education or marriage or to buy a car or for a
dream holiday? Whatever may be your financial goals, through our Recurring Deposit
Scheme you can save a little every month so that at the time of need you have sufficient
funds to achieve your financial goals.Recurring Deposit provides you the element of
compulsion to save at high rates of interest applicable to Term Deposits alongwith liquidity
to access that savings any time.So set aside a small amount every month and earn at
compounded rates of interest.

Wide Choice in Period of Deposit

• Flexibility in period of deposit with maturity ranging from 12 months to 120 months.
• Low minimum monthly deposit amount.
• You can start a Recurring Deposit with SBI for a monthly instalment of Rs.100/- only.

SBI Term Deposit Rates Apply

• Check out our Interest Rates Online or simply email through our Helpline
• Choose the amount you wish to invest and the maturity period.
Highlights

• Safety
 We understand the value of your hard earned money and continue to deliver on our
promise of safety and security over two centuries.

• Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against your deposit.SBI
provides you loan / overdraft upto 90% of your deposit amount at nominal cost.So
you continue to earn interest in your deposit and still can meet your urgent financial
requirements.

• Transferability
Transfer of Recurring Deposit accounts between our wide network of branches
without any charge.

• Regular Instalments to your Account

Now you have motivation/compulsion to save a chosen amount every month
and create a fund, which helps you to meet your future financial needs.

• Recurring Deposits are available at all SBI Branches

• Easy and convenient access of information at SBI Internet Banking

Other Benefits

§Nomination Facility - Available

§Regular Instalments to your Account

–Save in your account through Fixed Monthly Instalments.

–Monthly Instalments can be deposited on any working day of the month.

–Delayed monthly instalments attract penalty.

–Instalments payable in multiples of Rs.10/-

Free Fund Transfer

Free transfer of your funds through standing instructions from your Current or Savings Bank
Account to your Recurring Deposit Account every month for the payment of your
instalments, so that you do not have to worry about regular payments.

Regular Updates

You can monitor your deposit through SBI Internet Banking or through a passbook issued to
yo

WELCOME to SBI Home Loans

"THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards
along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in
association with AC Nielsen-ORG Marg in 21 cities across India.

SBI HOME LOANS now offers Interest Rates concessions on GREEN HOMES in accordance
with SBI's commitment to Environment protection.

SBI Home Loans come to you on the solid foundation of trust and transparency built in the
tradition of State Bank of India.

Best Practices followed in SBI mentioned below will tell you why it makes sense to do
business with State Bank of India.

SBI Home Loans Unique Advantage

• Package of exclusive benefits.

• Low interest rates. Further, we charge interest on a daily reducing balance!!

• Low processing charges.

• No hidden costs or administrative charges.

• No prepayment penalties. Reduce your interest burden and optimally utilize

your surplus funds by prepaying the loan.

• Over 13,700 branches nationwide, you can get your Home Loan account
parked at a branch nearest to your present or proposed residence.

PRODUCTS

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SBI EASY HOME LOAN

 SBI ADVANTAGE HOME LOAN

SBI PREMIUM HOME LOAN

OTHER PRODUCTS

SBI EASY HOME LOAN – FOR LOAN AMOUNT UPTO Rs. 30 Lacs

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SBI Easy Home Loan is available up to 31st March 2011

Getting your dream home has become easier with SBI Easy Home Loan. With low interest
rates for home loan under Rs. 30 lakhs category, SBI Easy ensures that you are not
burdened with high interest for your home loan. Plus with over 13700 SBI branches
nationwide you can get your Home Loan account parked at a branch nearest to your present
or proposed residence.

a) SBI Easy Home Loan

(Base Rate: 8.25% p.a.)

Name SBI Easy Home Loan

Facility Type Term Loan or OD as in SBI MaxGain. (OD facility will be available for loans
above Rs.5 Lacs.)

Loan amount Upto (and including) Rs.30 Lacs

Interest Rate Card Rate applicable for the tenor of the loan – 1.50% above Base
Rate, Present effective rate being 9.75% p.a.

Ist Year 1% discount over Card Rate, present effective rate being 8.75% p.a.

2nd and 3rd 0.25% discount over Card Rate, present effective rate being 9.50% p.a.
year

4th year Card Rate

onwards

No Fixed Interest Rate option.

Processing Fee

The revised processing fee structure (including service tax) is as under:

Loan Amount Processing Fee

Upto Rs.5 Lac Rs.1000/-

Above Rs.5 Lac and upto Rs.10 Lac Rs.2000/-

Above Rs.10 Lac and upto Rs.20 Lac Rs.5000/-

Above Rs.20 Lac and upto Rs.30 Lac Rs.7,000/-

SBI ADVANTAGE HOME LOAN – FOR LOAN AMOUNT ABOVE RS. 30 LACS & UPTO RS.
75 LACS

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SBI Advantage Home Loan is available up to 31st March 2011

Only Floating Interest Rate

(Base Rate: 8.25% p.a.)
Name SBI Advantage Home Loan

(Above Rs.30 Lacs and upto Rs.75 Lacs)

Facility Type Term Loan or OD as in SBI MaxGain.

Loan amount For Home Loans above Rs 30 lacs and upto Rs. 75.00 Lacs

Interest Rate Card Rate applicable for the tenor of the loan – 1.75% above Base
Rate, Present effective rate being 10.00% p.a.

Ist Year 1.25% discount over Card Rate, present effective rate being 8.75% p.a.
2nd and 3rd 0.50% discount over Card Rate, present effective rate being at 9.50% p.a.
year

4th year Card Rate

onwards

No Fixed Interest Rate option.

Processing Fee:

Loan Amount Processing Fee

Above Rs.30 Lac and upto Rs.50 Lacs Rs.7,000/-

Above Rs. 50 Lacs and upto Rs. 75 Lacs Rs. 8,000

BI PREMIUM HOME LOAN - Above Rs. 75 Lacs

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SBI Premium Home Loan – Above Rs.75 Lacs

(Base Rate: 8.25% p.a.)

Name SBI Premium Home Loan – Above Rs.75 Lacs

Facility Term Loan or OD as in SBI MaxGain upto Rs.1 Crore.

Type

Loan For Home Loans above Rs 75.00 lacs

amount

Interest Card Rate applicable over the tenor of the loan is 1.75% over the Base Rate,
rate present effective rate being 10.00% p.a.

Concessions including discretionary concessions will be available over the tenor

of the loan

No Fixed Interest Rate option.

Processing Fee

The revised processing fee structure (including service tax) is as under:

Loan Amount Processing Fee

Above Rs.75 Lacs and upto Rs.1 Crore Rs. 8,000/-

Above Rs. 1 Crore and upto Rs. 5 Crores Rs. 10,000/-

Above Rs. 5 Crores Rs. 20,000/-

HOME LOAN PRODUCT VARIANTS

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i) SBI Maxgain (Home Loan as an overdraft)

An innovative and customer-friendly product to enable you to earn optimal yield on your
savings and minimize interest burden on Home Loans, with no extra cost.
The loan is granted as an Overdraft facility with the added flexibility for you to operate your
Home Loan Account like your SB or Current Account.
The product serves to minimize your interest cost by enabling you to park your surplus
funds in ‘SBI-Maxgain’ (with the benefit to withdraw the surplus funds whenever you
require), specially in the wake of low yields from other deposit/ investment avenues.

Minimum Loan Amount: Rs.5 lacs

Maximum Loan Amount:Rs.1 Crore

ii) SBI Realty

HOME LOANS FOR PURCHASE OF PLOT OF LAND FOR THE PURPOSE OF CONSTRUCTION OF
A DWELLING UNIT
A unique product if you are on the lookout for a loan to purchase a plot of land for house
construction. The loan is available for a maximum amount of Rs.1 crore and with a
comfortable repayment period of upto 15 years.
House construction should commence within 2 years from the date of availment of
‘SBI-Realty’ Housing Loan
Customers are also eligible to avail another Housing Loan for construction of house on the
plot financed above with the benefit of running both the loans concurrently.

(Other terms and conditions – as applicable to regular Home Loans)

iii) SBI Home Plus
SBI Home plus is scheme is launched for granting personal loans to the banks home loans
customers against the security of their house property. All home loans customers with a
satisfactory repayment record of at least one year and who maintain a Savings bank or
current account with us.
The loan can be used for any purpose, viz. extension/repair of house, purchase of car/
consumer durables, education / medical expenses of family members, personal expenses,
etc. There will be no need to obtain documentary evidence for the end-use of funds.
However a certificate from the customer in the application to the effect that the loan will
not be used for speculative purposes would be obtained.
iv) NRI Home Loans
HOME LOANS TO NON RESIDENT INDIANS (NRIs) AND PERSONS OF INDIAN ORIGIN (PIOs
HOLDING A FOREIGN PASSPORT)
Eligibility
Individual(s) over 18years of age with a steady source of income who
• Are Non Resident Indians (NRIs) holding a valid Indian passport.
• Are persons of Indian Origin(PIOs) holding a foreign passport.
• Minimum employment tenure in India/abroad not less than 2 years.
Loan Amount
The loan amount is to be determined on the basis of repayment capacity taking into account
income, age, assets and liabilities, qualifications, stability of occupation, and employment
prospects on return. The loan amount is subject to the following:
Minimum: Rs. 3 lacs
Maximum: Maximum permissible loan amount would be determined by EMI/NMI ratio
criteria as applicable to regular Home Loans scheme for Resident Indian customers, which is
30% for Net Annual Income (NAI) upto Rs.2 Lac, 50% for NAI above Rs.2 Lac and upto Rs.5
Lac, 55% for NAI above Rs.5 Lacs and upto Rs.10 Lacs, 65% for above Rs.10 Lacs.
v) SBI Tribal Plus
SPECIAL HOME LOAN SCHEME FOR HILLY/TRIBAL AREAS
'SBI-Tribal Plus' Home Loans, a Special Scheme designed for Hill/Tribal areas for extending
financial assistance to individuals in such areas to :
a. Purchase or construction of a new house / flat (without mortgage of land)
b. Purchase of an existing (old) house / flat which is not more than 10 years old.
c. Repair /Renovation/extension of an existing house or flat.
d. Loans given against Third Party Guarantee
e. Maximum loan Rs.10 lacs

f. Maximum Loan Term 15 years

 vi) Gram Niwas
HOME LOANS TO FARMING AND POOREST OF THE POOR IN RURAL AREAS
The Scheme covers all rural and Semi-urban centres. “Rural Area” for the purpose of the
Scheme is the area comprised in any village including the area comprised in any town, the
population of which does not exceed 50000 as per 2001 census. The scheme seeks to
provide home loans to farming and poorest of the poor in rural areas for the purpose of
purchase or construction of a house, repairs and renovation, purchase of plot for the
purpose of construction of a house/shed etc.
vii) Sahyog Niwas
RURAL HOME LOANS TO SELF HELP GROUPS
The Sahyog Niwas scheme has been instituted to finance the self help groups with a good
track of payment record for 2 years, for on lending to members for housing in rural areas,
covering the following purposes.
i) For the purchase or construction of a house exclusively or including the housing needs of
activities carried by them. (Dairy shed, tailoring shed/shop, grocery stores etc.)
ii) For the renovation or repair of an existing house / shed
iii) For the purchase of a plot of land for the purpose of house construction.
iv) For the extension of existing house / work space to existing house / shed.
viii) SBI Green Home Loan
State Bank of India has adopted a Green Banking Policy with an objective of contributing
towards the fight against the adverse climate change. One of the initiatives approved by the
Board for this purpose is incentivizing customers who go in for Green Projects, i.e. those
projects which reduce Carbon Emissions and promote Renewable Energy. “Green Housing”
or “Green Home” is one of the types of projects identified for this purpose.

At present State Bank of India the only Bank in the country supporting the cause of Green
Buildings by offering 0.25% concession in interest rate and waiver of processing fees, on
the existing home loan products to customers who go in for Green Projects.

RELATED HOME LOAN PRODUCTS

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i) Earnest Money Deposit (EMD) Scheme

Many Government agencies, like Urban Development Authorities and Housing Boards,
periodically come out with schemes for sale of plots/houses, wherein applicants have to
submit 10-20% of the cost of plot/house as Earnest Money Deposit (EMD) and allotments
are made by draw of lots.
The SBI EMD scheme is designed for financing against earnest money for allotment of a
house/plot. Individuals above 21 years of age and with a steady source of income are
eligible to avail loans under this scheme.

Salient Features of the Scheme:

1. No minimum income criteria.

2. Margin waived in al cases.
3. Eligible for 100% of application money, subject to maximum loan amount of Rs.10
Lacs.
4. Waiver of security in all cases irrespective of the loan amount.
The above mentioned features of the scheme are applicable subject to the following
conditions:

1. Allotment letters/refund orders should be routed through SBI.

2. Lump sum amount equal to 6 month’s interest to be taken upfront.
3. PDCs one for the principle amount of EMD and another towards interest for the next
6 months should be taken to meet the eventuality of refund getting delayed.

ii) SBI Reverse Mortgage Loan

LOAN FOR WELFARE OF SENIOR CITIZENS IN INDIA

SBI Reverse Mortgage Loan Enables house-owning Senior Citizens having inadequate
income to meet their financial needs for renovation/repairs to house, medical & other
personal purposes. There is no compulsion for the borrower to repay a RML during his or her
lifetime or till such time he or she continues to stay in the house.

The borrower continues to retain ownership of the house. Also, the borrower will have the
option to prepay the loan at any time during the loan tenure and there will be no pre-
payment penalty.

i) SBI Surakshit Home Loan

Home Loans with Life Cover.

Other features like tenure, Loan To Value(LTV), eligibility are as per the standard schemes.
Life Insurance Premium can be added to the Project Cost.

ii) SBI Yuva Home Loan

Eligible: Salaried employees of Companies from the private sector, MNCs, Government
undertakings, PSUs, Government employees.

Age: Between 21 years to 35 years

Minimum Net Monthly Income: Rs.50,000

Loan Term : Maximum 300 months.

Permissible loan amount : 20% higher

Repayment : First 36 months – Only the interest applied during the month will be
recovered. 37th month onwards – 204 EMIs
Loan to Value(LTV): Minimum 20%
Type of Loan : Term Loan Only
Features, other than those mentioned above will be the same as those applicable
to SBI Home Loan scheme.

iii) SBI Home Loan PAL ( Pre-Approved Limit )

Benefits of this product:
(1) Under this, your Eligible Loan Amount is assessed before finalization of property deal
and a Pre-Approved Loan Arrangement Letter (PLAL) is issued to you.
(2) Customer can confidently negotiate with the builder/seller after getting a sanction.
The Modalities are as under:
1. All the documents prescribed for Home Loan, except property documents will be
collected from the applicant along with the application form.
2. The loan eligibility will be assessed on the basis of income details of the applicant
and PLAL issued.
3. Non-refundable processing fee as applicable to the Home Loan will be collected
upfront.
4. PLAL will be valid for a period of 2 months. Property papers will be required to be
submitted by the borrower within the validity of PLAL. Processing fee will not be
levied again.
5. Pre-approved loan arrangement letter (PLAL) will carry the eligible loan amount
calculated on the basis of prevailing interest rates. Loan amount calculated on the
basis of prevailing interest rates will be valid for a period of 1 month (If the interest
rate is revised downwards within a period of 1 month, then the borrower will be
given the benefit of such downward revision.). Thereafter the interest rates
applicable on the date of sanction of Home Loan will be applicable.
6. Minimum Loan amount: Rs.10 Lacs.
 7. Other features like tenure, Loan To Value (LTV), eligibility are as per the standard
schemes.
SBI EZEE CAR LOAN

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SBI provide the best car loan scheme for you to take a loan below Rs 5 lacs.

SBI offers you:

• No Advance EMI;

• Longest repayment tenure (7 years);

• Lowest interest rates ( there are further concessions for Corporate Salary Package
accounts) ;

• Lowest EMI;

• LTV 85% of 'On Road Price' of car (includes registration, insurance and cost of
accessories worth Rs 25000), 90% in case of Corporate Salary Package accounts;

• Interest Calculated on Daily Reducing Balance;

• Flexibility of payment of EMI anytime during the month ;

• Low pre-payment penalty, only 2%;

• Low processing fee (only 0.50% of loan amount); for Corporate Salary Package
accounts, only Rs.500 per application.

• Free Accidental insurance ; Optional SBI Life cover;

• Overdraft facility available.

The Scheme

Purpose

For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs with minimum
loan component of Rs. 5.0 lakh and above.
Take over of existing loan from other Bank/Financial institution (Conditions apply)

Eligibility

To avail an SBI Car Loan, you should be :

• Individual between the age of 21-65 years of age.
• A Permanent employee of State / Central Government, Public Sector Undertaking,
Private company or a reputed establishment or
• A Professionals or self-employed individual who is an income tax assessee or
• A Person engaged in agriculture and allied activities.
• Net Annual Income Rs. 100,000/- and above.
Salient Features

Loan Amount

Maximum Loan amount will be 2.5 times of net annual income. Spouse’s income could also
be considered provided the spouse becomes a co-borrower in the loan.
Loan amount below Rs. 5 lacs will cover under the scheme

Documents Required

You would need to submit the following documents along with the completed application
form:

1. Statement of Bank account of the borrower for last 12 months.

2. 2 passport size photographs of borrower(s).
3. Signature identification from bankers of borrower(s).
4. A copy of passport /voters ID card/PAN card.
5. Proof of residence.
6. Latest salary-slip showing all deductions
7. I.T. Returns/Form 16: 2 years for salaried employees and 3 years for
professional/self-employed/businessmen duly accepted by the ITO wherever
applicable to be submitted.
8. Proof of official address for non-salaried individuals.
SBI EZEE CAR LOAN – NANO SUBVENTION SCHEME

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Eligibility Between the Age: 21 – 65 years (for sanction of
loan),loan can be granted for persons beyond
65 years who have sufficient, regular and
continuous source of income for servicing the
loan. Loan must be fully repaid before the
borrower attains the age of 70 years.
Minimum net annual income of Rs. 1,00,000/-

Who are Individuals – Salaried, Professionals, Self

Eligible Employed, Businessmen, agriculturist with
Minimum net annual income of Rs. 1,00,000/-

Purpose For purchase of new Tata Nano Car

Eligible Loan Finance for on-road price

Amount Maximum: 30 times Net Monthly Income or 2.5
times the net annual income.

Margins 15% ( Loan to Value 85% of on road price)

(On the on-
road price)

Security Hypothecation of vehicle and noting of

hypothecation charge in the books of R.T.O.

Processing Fee Waived from 9th January 2011 to 31st March

2011

Rates of Customer will get @ 8.00% p.a. (fixed),( from

Interest & 9th January 2011 to 31st March 2011).
repayment For example loan amount will be Rs. 1lac. The
EMI to the customer will be as under:

Tenure ( in EMI to
months) Customer@
8% (in Rs.)

36 3134

48 2441

60 2028
 72 1754

84 1559

Penal For Loans above Rs.25000/- , if the irregularity

Interest exceeds EMI or Instalment amount, for a
period of one month , then penal interest
would be charged @2% p.a.(over and above the
applicable interest rate) on the overdue
amount for the period of default. If part
instalment or part EMI remains overdue, then
penal interest should not be levied

Documents • Statement of Bank account of the

required borrower for last 12 months.
• 2 passport size photographs of
borrower(s).
• Signature identification from bankers
of borrower(s).
• A copy of passport /voters ID
card/PAN card.
• Proof of residence- Tax receipts,
Telephone bill, Electric bill etc..
• Latest salary-slip showing all
deductions
• I.T. Returns/Form 16: for last 2 years
for salaried employees and 2 years for
professional/self-employed/businessmen
duly accepted by the ITO wherever
applicable to be submitted.
• Proof of official address for non-
salaried individuals

Prepayment Pre-payment fee of 2% of the amount of the

Penalty loan prepaid will be levied if;
The loan is taken over by any other
bank/financial institution
Or
The loan is repaid before expiry of half of
 the agreed repayment period
Or
Partial repayment is being made in the
first year

However, no pre-payment penalty should

be levied if the loan account is foreclosed
for taking a fresh car loan for new or
used car from Bank.

Mode of Amount should be remitted direct to the

disbursement supplier/dealer by means of RTGS/NEFT after
deducting the subvention amount as per
annexure-. The subvention amount will be
credited to Interest Account.

Insurance The vehicle purchased is to be kept

comprehensively insured in the name of the
borrower for the market value or at least 10%
above the loan amount outstanding, whichever
is higher, and the Bank’s interest as a
hypothecatee should be noted in the certificate
of insurance and insurance policy. A copy of
this is to be retained with the loan documents.