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Old February 3rd, 2018, 10:44 AM
Rahul Parik
Super Moderator
Join Date: Dec 2011
Default Re: Saral State Bank Of Patiala

I would like to tell you that State Bank of Patiala is now State Bank of India and here I will let you know more about Saral services, so that you can go through it.

The Saral services of State Bank of India is a simplified single user transactional product ideally suited for sole proprietorship concerns, micro enterprises or individual businessmen who require online transaction facility in their firm's accounts.

Features :
Single user operated and easy to use
Facility to view account information and download account statement
Transaction rights on the accounts
Facility to schedule transactions for a later date
Facility to set beneficiary level limits
Facility to set separate limits for DD issue request and tax transactions
SMS based OTP for Beneficiary Additions, Fund Transfers, Merchant Transactions etc

Permitted Transactions :
Fund transfer to accounts in SBI (Intra bank payments) upto Rs. 5 lakhs per day
Funds transfer to accounts in banks other than SBI (Interbank payments) up to Rs. 5.00 lakhs per day
Request for DD issue up to Rs. 5.00 lakhs per day
Payment of Taxes- direct (CBDT), Indirect (CBEC, CUSTOMS etc) and State Government taxes
Payment of EPF subscription
Merchant transactions
Bill payments
Payment to registered suppliers (For instance, petrol/LPG dealers can pay to the oil majors)
Application to IPOs through ASBA
Participation in e-auction

Separate transaction limits are permitted for the following types of transactions:
S No Type of Transaction Transaction limit per day (Rs)
1 Supplier Payment 25 lacs
2 e-auction for Govt. Departments 1 crore
3 Payments to Govt. and semi Govt. institutions including taxes and statutory dues such as EPF, ESI etc. 2 crores
4 OLTAS, CBEC and ICEGATE 2 crores

State Bank of India
18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

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