Bharat State Bank of India

Can you list me the products offered by State Bank of India or SBI? Provide me the Advantages of the products offered by State Bank of India or SBI?

The State Bank of India or SBI is one of the leading banks in India which 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.

Products

Khata
Derive an advantage over others; advantage of accessing your accounts 24 X 7.
Khata enables to access account information anywhere anytime.

Advantages:
Enquiry rights on the accounts
Facility to view account information and download account statement of your account
Suitable for single user operated accounts.

Khata Plus
Derive an added advantage over others by getting multiple accesses to your accounts 24 X 7.
It enables multiple people in business to access account information anywhere anytime.

Advantages:
Enquiry rights on the accounts.
Facility to view and download account statement of your accounts maintained at any SBI branch.
All the authorized users from the corporate get a complete view of information.

Saral
Single user operated, user friendly and simple.
Transaction rights on the accounts.
Facility to view account information and download account statement of account
Facility to transfer funds to
SBI accounts (other than your own accounts)
Other Bank Accounts (GRPT/RTGS/NEFT)
Merchant Payments
In a single day the total amount transferred to these three categories should not exceed Rs.10.00 lacs.
Facility to transfer funds to own accounts
Maintained in the same branch upto Rs.25.00 lacs per day
Maintained in different branches upto Rs.10.00 lacs per day
Facility for making request for DD issue and Bill Payment upto Rs. 5.00 lacs per day (Consolidated limit of Rs.5.00 lacs, i.e on a single day the total amount of Demand Draft request and Bill payments should not exceed Rs.5.00 lcas.)
I-collect payment upto Rs.10.00 lacs per day.
Supplier payment upto Rs.25.00 lacs per day
Facility to participate in e-auction for government departments’ up to Rs.1.00 Crore per day Facility to make payments to govt. and semi-govt. institutions including taxes, statutory dues such as EPF, including OLTAS, CBEC and ICEGATE up to Rs.2 Crores per day.
User can manage the display of his/her accounts through hide / unhide functionality.
Facility for online enquiry of transaction status
Facility to schedule transactions for a later date
Facility to set account nicknames.
Facility to set beneficiary level limits.
Facility to set separate limits for DD issue request and tax transactions

Vyapaar
Exercise the privilege to transact over the internet, make payments the cyber way, conduct business in style.
Equip with Vyapaar and facilitate your business needs.
Features built into this module for your privilege:
All Online transactional functionalities offered, e.g., fund transfers, third party payments, draft issues etc.
Per transaction limit is of Rs.50 lakhs and there is no restriction on number of transactions.
Facility of Inter bank and Inter branch funds transferred enabled.
File mode transactions enabled.(single debit- multiple credits for salary payments, vendor payments etc)
Supports banking with single branch
Administrator module for better control and security
Suitable for small user group with filtered access and delegated rights. Administrator can suitably empower employees.

Vistaar
Freedom to operate your business at any geographical location from wherever desire
Freedom to take urgent financial decisions from any situation
Freedom to empower your people to conduct business the modern way yet within the framework lay down by you. Freedom from branch dependency
Vistaar provides an all-round business solution, online.
Benefits of the module which will provide you the freedom:
Access to accounts across SBI branches with a single sign on.
All Online transactional functionalities offered, e.g., fund transfers, third party payments, draft issues etc.
Facility of Inter bank and Inter branch funds transferred enabled.
Receive payments over the internet e.g., sales receivables, bills due.
File mode transactions enabled (single debit- multiple credits for salary payments, vendor payments etc)
System to system Integration to minimize manual intervention
Elaborate user hierarchy with filtered access and delegated rights.
Regulator will set up business rules to facilitate financial transactions over Internet.
Administrator module for setting up control and security features.
Provision for 'Auditor' role to facilitate audit of accounts and transactions post facto

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Answered By StudyChaCha Member