ALTERNATE DELIVERY CHANNEL

PRODUCTS OF THE BANK

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 ALTERNATE DELIVERY CHANNEL PRODUCTS
OF THE BANK

V-Net Banking SMS Alerts

Mobile Banking IMPS

PPF Pension Accounts

Online Trading

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 V-Net Banking
‘Banking over the internet’

Internet Banking:

Customer does not have the hassle of going to the bank.

He need not bother about the branch timing.
Cost effective .

V-Net Banking customers are classified in to 2 types

Retail Customers (Individual/Proprietors etc.)

Corporate Customers (Public/Private Ltd Company/Partnership Company /
Trusts/ Clubs/ Associations etc.)

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 V-Net Banking
‘Banking over the internet’
Procedure for applying

Customer has to apply for Internet Banking facility at their branch.

The User ID & Passwords for operating V-Net Banking facility are generated &
sent to the customer’s Communication address.
On receipt of the acknowledgement from the customer, the customer’s User ID
will be activated.

Procedure for Funds Transfers

The customer has to add the beneficiary.

The customer will get an SMS–OTP that he/she has to reply back to from the
same mobile number within 30 minutes.
Updation of the beneficiary will be done in 3 to 4 hours.

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 V-Net Banking
‘Banking over the internet’
Facilities available in V-Net Banking
Operative Accounts
On line account balances.
Downloading account statements in formats like MS-WORD, MS-EXCEL and
MS-MONEY.

Status enquiry of cheques

Status of clearing cheques/Instruments

Term Deposits
Interest rate and Maturity amount.
Deposit schedule with interest Flow Details.

Loan Accounts
Details like sanctioned amount, disbursed amount, amount pending for
disbursal and current balance.
Overdue position of the accounts.
Next installment date and amount
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 V-Net Banking
‘Banking over the internet’

E - Tax Payments
Direct Tax Payments (TDS/TCS/Income Tax/Corporation Tax/Advance Tax /
Wealth Tax etc.)
Indirect Tax Payments ( Service Tax/Central Excise)
Commercial Tax (VAT/CST) – Karnataka/ Maharashtra/ UP etc.

E-Deposits:
Online deposits can be made for a minimum of ` 10,000/- and multiples of
1000’s to a maximum of ` 5 Crores.
The period of deposit :7 days to 3650 days with the applicable interests.

Online Temple Donations

Utility Bill payments

Online Insurance Premium Payments

Online Trading

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 SMS Alerts
‘Keep track as it Happens’
SMS Alerts is provided free of cost to the SB customers.

Current Account, Overdraft Account and Cash Credit Account holders are
charged a nominal ` 10/- per quarter.

SMS Alerts for all the transactions above ` 2000/-.

It is also been used for

•Adding beneficiaries using SMS – OTP in V-Net Banking
•Online Resetting of Password using SMS – OTP in V-Net Banking.
•E-Mail alert registration using SMSREG menu, helps to send the A/c
Statement every month for SB Account holders.

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 MOBILE BANKING
‘Banking @ your Finger Tips’

Access your bank account from anywhere & everywhere

Get up date every minute by Mobile banking

Facilities
 Balance enquiry
 Mini statement
 Funds transfer
 Bill payment
 Airline ticketing
 Movie ticketing
 Shopping
 Mobile recharge

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 Inter-Bank Mobile Payment Service
Money transfer from any where/any time transfers instantaneously

Features:
 Instant Inter-bank Funds Transfers
 24 X 7 X 365 availability
 No more sharing of Bank Account details
 Credit/Debit confirmations to the sender and Receiver
 Time and Cost saving
 Safe and Secure
 Easy adoptable for merchant Payments and Financial Inclusions
 A fee based avenue for the bank is around 0.25%

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 PPF Account
‘Save and Earn’

Eligibility:
Residents of India
Minor by his/her legal guardian.
Non Resident Indians (NRIs) are not eligible
HUF (Hindu Undivided Family)-An individual cannot invest on behalf of HUF
or Association of persons.

Investment: Minimum of ` 100 to a Maximum of ` 1.00 lakh.

Rate of Interest: 8.8%

Period: 15 Years, can be extended for one or more block of 5 years

Benefit:
Depositors obtain Income Tax rebate under the relevant provisions of the
Income Tax.
Bank earns ` 50/- per investment. i.e. for the minimum investment of ` 50/-
made by the customer, Bank earns a fee based income of ` 50/-

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 Pension Account
‘Peace of mind in your golden years’

Benefits to customer
•The customer gets the pension directly to the account by the last three working
days of the month.
•The pensioner can avail different products of the Bank without any difficulty.
•With centralization of the pension, pension revised quickly and accordingly.
•The complaint regarding pension can be lodged online and resolved quickly.

Benefits to Bank
• A regular monthly income in the form of commission.
• New customers bring fresh business, where in investment is done with us.
•Helps to increase the deposit of the Bank.

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 Online Trading
‘Stocks, bonds, options and futures trading online’

Benefits Of Online Trading:

• Online trading allows customers to cut costs and the savings are passed on to
customers in the form of lower commissions.
•Increased speed by which transactions can be executed and settled.
•It is fully automated trading process which is customer independent to trade
from anywhere.
•Its informed decision making and access to advanced trading tools.
•Traders have direct control over their trading portfolio.
•Ability to trade multiple markets and products
•Real-time market data
•Faster trade execution which is crucial in day trading and swing trading
•Discount commission rates
•Choice of routing orders to different market makers or specialists

Benefits Of Online Trading To The Bank:

•CASA Deposits through our Integrated 3-in-1 online trading account.
•HNI Clients can be brought into our Bank’s fold
•Retention of existing clients by offering varied services like online trading
services.

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