Under the Equity Fund scheme, the SBI grants financial assistance to entrepreneurs who are not able to meet their share of equity fully, by way of interest-free loans repayable over a long period.
This type of assistance fills in the gap between the margin requirements in the project and the capital contributed by the promoter. The Equity Fund assistance can be normally repaid over 5 to 7 years after the moratorium period.
FAQs
Q. What are the eligibility criteria for the Equity Fund scheme?
A. SBI extends Equity Fund assistance only to new projects, which are also eligible for the SBI’s Liberalized scheme and the Entrepreneur scheme. The project cost has to be more than Rs 25,000.
Q. What type of security is required for the equity fund assistance?
A. Security available for other loans should be extended to cover equity assistance also.
Sunday, October 12, 2008
SSI ENTREPRENEUR SCHEME
State Bank of India grants financial assistance to technically qualified, trained and experienced entrepreneurs for setting up new viable industrial projects.
Loans are extended to technocrats who are unable to meet the normal margin requirements under the liberalized schemes.
FAQs
Q. What are the eligibility criteria for the Entrepreneur scheme?
A.The borrower has to be a technically qualified person (a degree/diploma holder in engineering or technology), a craftsman with adequate experience or training or a person possessing a degree in business or industrial management, a chartered accountant or a cost accountant with relevant experience.
Q. What are the types of financial assistance under the Entrepreneur scheme?
A. The bank provides:
term loans, working capital and equity fund finance
Q.What are the margins applicable?
A. For requirements up to Rs 5 lakh, no margins are involved. For needs ranging from Rs 5 lakh to Rs 20 lakh, the margin is set at 10 per cent.
SSI LIBERALIZED CREDIT FOR SSI
State Bank of India extends production-linked credit facilities to small-scale industries, ancillary industrial units and village and cottage industrial units on liberal terms and conditions.
Under this scheme, the quantum of advances is not linked to the security furnished, but the genuine requirements of the unit.
The pricing of the loan is based on credit assessment, and the units with strong ratings may be given finer rates.
No collateral security is required for loans up to Rs 5 lakh.
Composite term loans can be sanctioned up to Rs 25 lakh combining term loan and working capital.
FAQs
Q. What are the types of financial assistance under the Liberalized scheme?
A. The Liberalized scheme offers a range of financial products including the following: Term loans for acquisition of fixed assets Working capital loans financing current assets Letter of credit for acquisition of machinery and purchase of raw materials Bank guarantee in lieu of security deposits to be made with government department/other departments for execution of orders. Deferred payment guarantees for purchase of machinery on deferred payment basis. Bill facility for purchase of raw materials and for sale of finished goods. Composite loans (term loans plus working capital) up to Rs 25 lakh.
Q.What are the margins applicable?
A. For requirements up to Rs 25,000, no margins are involved. For limits ranging from Rs 25,000 to Rs 5 crore, the margin is set at 20 per cent.
For credit limits above Rs 5 crore, a 25 per cent margin may be applied.
SSI GENERAL PURPOSE TERM LOANS
State Bank of India grants term loans to small scale industries for meeting general commercial purposes like substitution of high cost debt,research and development, shoring up net worth and funding business expansion.
The tenor of the loan is normally is 3 years, and the pricing is fine-tuned to suit the risk profile of the borrower. The repayment is structured in monthly or quarterly installments, according to the cash generation cycle.
FAQs
What are the eligibility criteria for these term loans?
The SSI unit that takes the loan should not have any history of defaults in payment of interest or installments of the principal. The unit should have a strong performance record and a respectable credit rating as per the bank’s own credit assessment scales ( In case of loan above Rs. 25 lakhs ) .
What is the type of security/guarantee required for the loan?
Extension of hypothecation charge over the current assets and fixed assets is required as primary security. Further, the borrower whose aggregate loans with the Bank exceed Rs 5 lakh may explore the possibility of collateralizing tangible security such as immovable property and third party guarantee. In all cases, personal guarantees of proprietors/partners/promoters have to be furnished.
What are the margins applicable?
A minimum margin of 25 per cent is applicable for acquisition of land and building, building construction, renovation of offices, showrooms, godowns, purchase of equipment, vehicles etc. In other words, the quantum of the loan will be restricted to 75 per cent of the total expenditure.
OPENING OF NEW BRANCHES
State Bank of India planned to open new branches in and around Tiruchirapalli. The expected place of opening of new branches as follows:
1. No.1 Toll Gate,
2. Siruganur, Chennai Road, Trichy
3. Thiruvanaikoil
4. Thillai Nagar,
5. Ariyamangalam
It has opened new branches in Srinivasa Nagar, Kumaran Nagar, Khajamalai, Bharathidasan Uniersity, Edamalaipatti pudur. It is more convenient for the people those who are residing in the above area. Because of the branch expansion SBI going to open some more new branches in Tiruchirapalli Dist.
1. No.1 Toll Gate,
2. Siruganur, Chennai Road, Trichy
3. Thiruvanaikoil
4. Thillai Nagar,
5. Ariyamangalam
It has opened new branches in Srinivasa Nagar, Kumaran Nagar, Khajamalai, Bharathidasan Uniersity, Edamalaipatti pudur. It is more convenient for the people those who are residing in the above area. Because of the branch expansion SBI going to open some more new branches in Tiruchirapalli Dist.
Saturday, October 11, 2008
NEW STATE BANK ATM CENTER LAUNCH IN TRICHY-SINGARATHOPE
A New State Bank Of India ATM center will be lanuched in trichy singarathope.
For past year there is no state bank ATM center near singarathope circumference.
Singarathope is a very rush crowded area.More than 10000 peoples are croses every day.But no ATM centerts near to singarathope.peoples are affected lot. They only take money from ATM Center in PERIASWAMY TOWERS CHATHIRAM BUS STAND Although there is many ATM centers in trichy . And state bank of travancoru ATM Center near SRC College in Butterworth road. Now they launch a new ATM branch in the Tamil Sangam Building trichy. The branch will be started soon.May be after Diwali.
1 B D UNIVERSITY TRICHY,
BHARATIDASAN UNIVERSITY,
PALKALAI PERUR SURIYUR,
TRICHY, TAMIL NADU - 620024
2 HE KAILASAPURAM TRICHY,
PB NO.3
KAILASAPURAM PO,
HEAVY ELEC KAILASAPURAM,
TRICHY, TAMIL NADU - 620014
3 MELACHINTAMANI TRICHY-ATM#CD,
PERIASAMY TOWERS ,
31 KALIAMMAN KOIL STREET,
TRICHY,
TAMIL NADU - 620002
4 MICR BRANCH TRICHY,
SBI MICR BR AASHA ARCADE ,
73-PROMANANDE ROAD TRICHY,
TRICHY,
TAMIL NADU - 62001
5 MISSION HOSPITAL WORAIYUR,
8/1 A-ST.PAUL CHURCH COMP,
MISSION HOSPITAL ROAD,
TRICHY, TAMIL NADU - 620003
6 TENNUR TRICHY,
NO. 24-BABA TOWERS,
TENNUR HIGH ROAD TENNUR,
TRICHY,
TAMIL NADU - 620017
7 THILLAI NAGAR TRICHY,
19 THILLAI NAGAR MAIN RD,
THILLAI NAGAR ,
TRICHY,
TAMIL NADU - 620019
8 BIG BAZAAR STREET TRICHY TOWN,
194-BIG BAZAAR STREET ,
SMJ ENCLAVE TRICHY-620008,
TRICHY,
TAMIL NADU - 620002
9 R E C TRICHY,
PB NO.E R E C CAMPUS,
REC POST ,
TIRUCHIRAPALLI,
TAMIL NADU - 620015
10 PB NO.21 ,
MCDONALDS ROAD ,
TIRUCHIRAPALLI,
TAMIL NADU - 620001
11.State Bank Of India Puthur ,
Trichy . 620017
12.State Bank Of India Srirangam ,
Trichy . 620006
13.state bank of travancoru
Near SRC College,
14.state bank of travancoru
Near Thailla Silks
For past year there is no state bank ATM center near singarathope circumference.
Singarathope is a very rush crowded area.More than 10000 peoples are croses every day.But no ATM centerts near to singarathope.peoples are affected lot. They only take money from ATM Center in PERIASWAMY TOWERS CHATHIRAM BUS STAND Although there is many ATM centers in trichy . And state bank of travancoru ATM Center near SRC College in Butterworth road. Now they launch a new ATM branch in the Tamil Sangam Building trichy. The branch will be started soon.May be after Diwali.
1 B D UNIVERSITY TRICHY,
BHARATIDASAN UNIVERSITY,
PALKALAI PERUR SURIYUR,
TRICHY, TAMIL NADU - 620024
2 HE KAILASAPURAM TRICHY,
PB NO.3
KAILASAPURAM PO,
HEAVY ELEC KAILASAPURAM,
TRICHY, TAMIL NADU - 620014
3 MELACHINTAMANI TRICHY-ATM#CD,
PERIASAMY TOWERS ,
31 KALIAMMAN KOIL STREET,
TRICHY,
TAMIL NADU - 620002
4 MICR BRANCH TRICHY,
SBI MICR BR AASHA ARCADE ,
73-PROMANANDE ROAD TRICHY,
TRICHY,
TAMIL NADU - 62001
5 MISSION HOSPITAL WORAIYUR,
8/1 A-ST.PAUL CHURCH COMP,
MISSION HOSPITAL ROAD,
TRICHY, TAMIL NADU - 620003
6 TENNUR TRICHY,
NO. 24-BABA TOWERS,
TENNUR HIGH ROAD TENNUR,
TRICHY,
TAMIL NADU - 620017
7 THILLAI NAGAR TRICHY,
19 THILLAI NAGAR MAIN RD,
THILLAI NAGAR ,
TRICHY,
TAMIL NADU - 620019
8 BIG BAZAAR STREET TRICHY TOWN,
194-BIG BAZAAR STREET ,
SMJ ENCLAVE TRICHY-620008,
TRICHY,
TAMIL NADU - 620002
9 R E C TRICHY,
PB NO.E R E C CAMPUS,
REC POST ,
TIRUCHIRAPALLI,
TAMIL NADU - 620015
10 PB NO.21 ,
MCDONALDS ROAD ,
TIRUCHIRAPALLI,
TAMIL NADU - 620001
11.State Bank Of India Puthur ,
Trichy . 620017
12.State Bank Of India Srirangam ,
Trichy . 620006
13.state bank of travancoru
Near SRC College,
14.state bank of travancoru
Near Thailla Silks
Wednesday, October 8, 2008
TOP QUESTION & ANSWERS FOR SBI CLERKS INTERVIEW
Question 1: Tell me about yourself ?
Answer: Identify some of your main attributes and memories them. Describe your qualifications, career history and range of skills, emphasizing those skills relevant to the job on offer.
Question 2: Why should I hire you?
Answer: The easy answer is that you are the best person for the job. And don’t be afraid to say so. But then back it up with what specifically differentiates you.
For example: “You should hire me because I’m the best person for the job. I realize that there are likely other candidates who also have the ability to do this job. Yet I bring an additional quality that makes me the best person for the job--my passion for excellence. I am passionately committed to producing truly world class results. For example . . .”
Are you the best person for the job? Show it by your passionate examples.
Question 3: Why should we give you this job?
Answers: This is the time to give them your USP - Unique Selling Proposition - or what makes you different from all the other applicants.It's really worth working out and practicing your answer to this before the interview.Some businesses use the phrase "30 second elevator speech".Imagine you have just bumped into the CEO of the company you want to work for, getting into a lift. He or she asks you "Why should we give you the job?". You have the time it takes for the lift to reach its destination (about 30 seconds) to give a compelling answer.The key is to highlight your strengths and the benefits you can bring to the company. Make sure you avoid sounding desperate!As preparation, you should refer back to the job advert and also listen carefully during the interview, to make sure your answer meets the needs of the "buyer" (the interviewer).
Question 4: What Salary Are You Seeking?
Answer: It is to your advantage if the employer tells you the range first. Prepare by knowing the going rate in your area, and your bottom line or walk-away point. One possible answer would be: "I am sure when the time comes, we can agree on a reasonable amount. In what range do you typically pay someone with my background?"
Question 5: Make sure your responses match your claims?
Answer: If, for example, you've taken extra coursework to qualify for a particular position, license, or certification, tie it into your narrative, e.g., "When I took my coursework for my CPA, I learned that ..." Build on your resume, but don't refer directly to it (assuming the interviewer has it in his or her possession); make sure the connections are there, but do it subtly.
Question 6: What Are Your Weaknesses?
Answer: This is the most dreaded question of all. Handle it by minimizing your weakness and emphasizing your strengths. Stay away from personal qualities and concentrate on professional traits: "I am always working on improving my communication skills to be a more effective presenter. I recently joined Toastmasters, which I find very helpful."
Question 7: Why do you want to leave your current employer?
Answer: State how you are looking for a new challenge, more responsibility, experience and a change of environment. Do not be negative in your reasons for leaving. It is rarely appropriate to cite salary as your primary motivator.
Question 8: Why Did You Leave (Or Why Are You Leaving) you’re Job?
Answer: If you're unemployed, state your reason for leaving in a positive context: "I managed to survive two rounds of corporate downsizing, but the third round was a 20 percent reduction in the workforce, which included me."
If you are employed, focus on what you want in your next job: "After two years, I made the decision to look for a company that is team-focused, where I can add my experience."
Question 9: What Have You Been Doing Since Your Last Job?How to Explain an Employment Gap
Answer: If you have an employment gap on your resume, the interviewer will probably ask you what you have been doing while you were out of work.The best way to answer this question is to be honest, but do have an answer prepared. You will want to let the interviewer know that you were busy and active, regardless of whether you were out of work by choice, or otherwise. Here are some suggestions on how to explain what you did while you were out of the workforce.
I worked on several freelance projects, while actively job seeking. I volunteered for a literacy program that assists disadvantaged children. My aging parents needed a temporary caregiver and I spent time looking after them. I spent time being a stay-at-home mom and volunteering at my daughter's school. I took some continuing education classes and seminars. As I said, it doesn't really matter what you did, as long as you have an explanation. Hiring managers understand that people lose their job - it can happen to anyone - and it's not always easy to find a new job fast. Also, there are legitimate non-employment reasons for being out of the workforce.
SBI Clerk Interview Tips
Entering the room
Prior to the entering the door, adjust your attire so that it falls well. Before entering enquire by saying, “May I come in sir/madam”. If the door was closed before you entered, make sure you shut the door behind you softly. Face the panel and confidently say ‘Good day sir/madam’. If the members of the interview board want to shake hands, then offer a firm grip first maintaining eye contact and a smile. Seek permission to sit down. If the interviewers are standing, wait for them to sit down first before sitting. An alert interviewee would diffuse the tense situation with light-hearted humor and immediately set rapport with the interviewers.
Enthusiasm
The interviewer normally pays more attention if you display an enthusiasm in whatever you say. This enthusiasm come across in the energetic way you put forward your ideas. You should maintain a cheerful disposition throughout the interview, i.e. a pleasant countenance hold s the interviewers interest.
Humor
A little humor or wit thrown in the discussion occasionally enables the interviewers to look at the pleasant side of your personality,. If it does not come naturally do not contrive it. By injecting humor in the situation doesn’t mean that you should keep telling jokes. It means to make a passing comment that, perhaps, makes the interviewer smile.
Eye contact
You must maintain eye contact with the panel, right through the interview. This shows your self-confidence and honesty. Many interviewees while answering, tend to look away. This conveys you are concealing your own anxiety, fear and lack of confidence.Maintaining an eye contact is a difficult process. As the circumstances in an interview are different, the value of eye contact is tremendous in making a personal impact.
Be natural
Many interviewees adopt a stance which is not their natural self. It is amusing for interviewers when a candidate launches into an accent which he or she cannot sustain consistently through the interview or adopt mannerisms that are inconsistent with his/her personality. Interviewers appreciate a natural person rather than an actor. It is best for you to talk in natural manner because then you appear genuine.
Prior to the entering the door, adjust your attire so that it falls well. Before entering enquire by saying, “May I come in sir/madam”. If the door was closed before you entered, make sure you shut the door behind you softly. Face the panel and confidently say ‘Good day sir/madam’. If the members of the interview board want to shake hands, then offer a firm grip first maintaining eye contact and a smile. Seek permission to sit down. If the interviewers are standing, wait for them to sit down first before sitting. An alert interviewee would diffuse the tense situation with light-hearted humor and immediately set rapport with the interviewers.
Enthusiasm
The interviewer normally pays more attention if you display an enthusiasm in whatever you say. This enthusiasm come across in the energetic way you put forward your ideas. You should maintain a cheerful disposition throughout the interview, i.e. a pleasant countenance hold s the interviewers interest.
Humor
A little humor or wit thrown in the discussion occasionally enables the interviewers to look at the pleasant side of your personality,. If it does not come naturally do not contrive it. By injecting humor in the situation doesn’t mean that you should keep telling jokes. It means to make a passing comment that, perhaps, makes the interviewer smile.
Eye contact
You must maintain eye contact with the panel, right through the interview. This shows your self-confidence and honesty. Many interviewees while answering, tend to look away. This conveys you are concealing your own anxiety, fear and lack of confidence.Maintaining an eye contact is a difficult process. As the circumstances in an interview are different, the value of eye contact is tremendous in making a personal impact.
Be natural
Many interviewees adopt a stance which is not their natural self. It is amusing for interviewers when a candidate launches into an accent which he or she cannot sustain consistently through the interview or adopt mannerisms that are inconsistent with his/her personality. Interviewers appreciate a natural person rather than an actor. It is best for you to talk in natural manner because then you appear genuine.
How can I transfer money from one SBI account to another SBI account?
In Core Banking, you can deposit the cheque at any of the SBI branch and the money will be transferred from one SBI account to another SBI account immediately. You can have Internet Banking facility to transfer money from your account to other account. For this you should have the internet banking user kit. For this you cantact your branch where you are maintaining the acccount.
Tuesday, October 7, 2008
TRADERS EASY LOAN SCHEME
This scheme is launched by SBI to provide hassle free loan to Traders. Any business man/ entrepreneur/ Professional and self employed person can avail this loan. Loan under the scheme can be availed to meet normal business requirements and is sanctioned against equitable mortgage of property. Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is acceptable. Agriculture property or property outside urban limits is not accepted.
The advance can be availed by way of Loan or Cash Credit limit. It can also be availed for Non Fund Based requirements (for issuance of Bank guarantees or LCs). Cash Credit limit or non fund based limit is renewable every 12 mths.Loan can be repaid in monthly or quarterly, even half yearly installments - as may be suitable to the borrower – in a period upto 5 years.
Minimum and maximum amount of loan is Rs 25,000/- and Rs 5.00 Crore.
Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property or the business requirement- whichever is less. Business requirement is assessed on the basis of projected business turnover. Interest at floating rate is charged at monthly intervals on daily reducing balance.
No Third party guarantee is required to avail the loan.
Frequently asked Questions
1. What is this Scheme?
· The Scheme is to provide loan to the Traders/ professionals/ entrepreneurs etc for their business needs on easy terms against property.
2. Who can take this loan?
· Any business man/ entrepreneur/ Professional and self employed person can take loan under the scheme
3. What is the amount of loan?
· The amount of loan is Minimum Rs 25,000/-and Maximum Rs 5.00 Crore
4 What type of property is accepted?
· Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is accepted. Agriculture property or property outside urban limits is not accepted
5 What is the margin? How much loan is given?
· The Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property. However, if business requirements are less, the lower of the two amounts will be sanctioned.
6 How is business requirement calculated?
· It is based on projected business turnover.
7 What is the interest rate? Is it floating or fixed rate?
· The interest rate in linked to SBAR. It would increase/ decease with changes in SBAR (floating rate). For cash credit it is 0.25% below SBAR and for term loans 0.25% above SBAR. Presently it is 13% for term loan and 12.50% for the Cash Credit limit based on present SBAR of 12.75%
8 What is the method of calculating interest?
· Interest is calculated and applied monthly on daily reducing balance
9 Can I get Cash Credit limit also? Can I get Guarantee/ LC limits also?
· Yes.
10 Is there any processing charges?
· Yes.1% of the loan amount.
11 What is the repayment period?
· In case of Cash Credit it is reviewed by the Bank every 12 mths. Term loan is to be repaid in maximum 5 yrs.
12 Whether repayment is monthly or quarterly?
· It can be monthly, quarterly, even half yearly depending upon the requirement of the borrower.
13 Is there any guarantor required for the loan?
· NO. If property is owned by somebody else, than only owners’ guarantee is required.
14 Whether I will have to take insurance of the property?
· Yes.
15 I have a loan account with other bank. Can I shift this to SBI under this scheme?
· Yes.
16 What documents I would have to submit
· Usual documents for identification and copy of the latest balance sheet, last income tax return etc and Advocate’s search report, title certificate and valuation certificate of the property that are normally required for creation of mortgage.
The advance can be availed by way of Loan or Cash Credit limit. It can also be availed for Non Fund Based requirements (for issuance of Bank guarantees or LCs). Cash Credit limit or non fund based limit is renewable every 12 mths.Loan can be repaid in monthly or quarterly, even half yearly installments - as may be suitable to the borrower – in a period upto 5 years.
Minimum and maximum amount of loan is Rs 25,000/- and Rs 5.00 Crore.
Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property or the business requirement- whichever is less. Business requirement is assessed on the basis of projected business turnover. Interest at floating rate is charged at monthly intervals on daily reducing balance.
No Third party guarantee is required to avail the loan.
Frequently asked Questions
1. What is this Scheme?
· The Scheme is to provide loan to the Traders/ professionals/ entrepreneurs etc for their business needs on easy terms against property.
2. Who can take this loan?
· Any business man/ entrepreneur/ Professional and self employed person can take loan under the scheme
3. What is the amount of loan?
· The amount of loan is Minimum Rs 25,000/-and Maximum Rs 5.00 Crore
4 What type of property is accepted?
· Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is accepted. Agriculture property or property outside urban limits is not accepted
5 What is the margin? How much loan is given?
· The Margin is 35%. i.e. loan can be upto 65% of the realizable value of the property. However, if business requirements are less, the lower of the two amounts will be sanctioned.
6 How is business requirement calculated?
· It is based on projected business turnover.
7 What is the interest rate? Is it floating or fixed rate?
· The interest rate in linked to SBAR. It would increase/ decease with changes in SBAR (floating rate). For cash credit it is 0.25% below SBAR and for term loans 0.25% above SBAR. Presently it is 13% for term loan and 12.50% for the Cash Credit limit based on present SBAR of 12.75%
8 What is the method of calculating interest?
· Interest is calculated and applied monthly on daily reducing balance
9 Can I get Cash Credit limit also? Can I get Guarantee/ LC limits also?
· Yes.
10 Is there any processing charges?
· Yes.1% of the loan amount.
11 What is the repayment period?
· In case of Cash Credit it is reviewed by the Bank every 12 mths. Term loan is to be repaid in maximum 5 yrs.
12 Whether repayment is monthly or quarterly?
· It can be monthly, quarterly, even half yearly depending upon the requirement of the borrower.
13 Is there any guarantor required for the loan?
· NO. If property is owned by somebody else, than only owners’ guarantee is required.
14 Whether I will have to take insurance of the property?
· Yes.
15 I have a loan account with other bank. Can I shift this to SBI under this scheme?
· Yes.
16 What documents I would have to submit
· Usual documents for identification and copy of the latest balance sheet, last income tax return etc and Advocate’s search report, title certificate and valuation certificate of the property that are normally required for creation of mortgage.
SURABHI DEPOSIT SCHEME
SBI- SURABHI DEPOSIT
A new Savings Bank / Current Account product,introduced by L&TP Department of SMEBU, launched at all the Core Banking Branches of the Bank to cover non-individual customers like Corporates, Institutions, Trusts, PF Funds etc who have surplus funds for investments, but at the same time need the convenience of liquidity. This is a value added savings Bank account (for those who are permitted to open SB account)/current account with sweep and reverse sweep option.
Surplus funds over athreshold limit (Minimum – Rs. 50,000/-) with an initial deposit of Rs.10,000/- and in multiples of Rs.1,000/- in any one instance, is automatically swept (auto-sweep)to CLTD (Corporate Liquid Term Deposit)Customer has the flexibility to choose the period of deposit from 1 year to 3 years.Rate of Interest for CLTD will be the card rate applicable for the contracted tenure of the deposit.No differential rate of interest is applicable.Minimum Amount of deposit to be maintained for Current Account is Rs.10,000/- and for SB account is Rs.1000/-Whenever any cheque is presented by the customer, in case of inadequate balance in the savings / current account for payment of the cheque, the shortfall amount is broken in ‘last in first out’ basis from the CLTD and the cheque is honoured, without any hassle to the customer, through reverse sweep facility. At present this is available only for withdrawal through cheques, later the facility will be available for withdrawal through ATM cards also.No Loan /Overdraft Facility is available under the Scheme.Rules applicable for premature withdrawal for fixed deposit are applicable for the part amount of deposit broken for withdrawal, through reverse sweep.Usual formalities applicable for opening SB accounts/Current accounts, including KYC procedure, are applicable for opening accounts under the Scheme.
A new Savings Bank / Current Account product,introduced by L&TP Department of SMEBU, launched at all the Core Banking Branches of the Bank to cover non-individual customers like Corporates, Institutions, Trusts, PF Funds etc who have surplus funds for investments, but at the same time need the convenience of liquidity. This is a value added savings Bank account (for those who are permitted to open SB account)/current account with sweep and reverse sweep option.
Surplus funds over athreshold limit (Minimum – Rs. 50,000/-) with an initial deposit of Rs.10,000/- and in multiples of Rs.1,000/- in any one instance, is automatically swept (auto-sweep)to CLTD (Corporate Liquid Term Deposit)Customer has the flexibility to choose the period of deposit from 1 year to 3 years.Rate of Interest for CLTD will be the card rate applicable for the contracted tenure of the deposit.No differential rate of interest is applicable.Minimum Amount of deposit to be maintained for Current Account is Rs.10,000/- and for SB account is Rs.1000/-Whenever any cheque is presented by the customer, in case of inadequate balance in the savings / current account for payment of the cheque, the shortfall amount is broken in ‘last in first out’ basis from the CLTD and the cheque is honoured, without any hassle to the customer, through reverse sweep facility. At present this is available only for withdrawal through cheques, later the facility will be available for withdrawal through ATM cards also.No Loan /Overdraft Facility is available under the Scheme.Rules applicable for premature withdrawal for fixed deposit are applicable for the part amount of deposit broken for withdrawal, through reverse sweep.Usual formalities applicable for opening SB accounts/Current accounts, including KYC procedure, are applicable for opening accounts under the Scheme.
COMMODITY BACKED WAREHOUSE RECEIPT FINANCING
Purpose:
To finance traders/owners of goods against warehouse receipts of warehouses managed by Central Warehousing Corporations/ State Warehousing Corporation and warehouse accredited by MCX by way of Demand Loan/Cash Credit
Eligibility:
Any trader dealing in commodities
Eligible Amount of Finance:
Demand Loan: 75 % of the value of the warehouse receipt, valued at the market value OR 80% of the minimum support price declared by State/Central GovernmentWhichever is lower.
Cash Credit: 70 % of the value of the warehouse receipt, valued at the market value OR 75% of the minimum support price declared by State/Central Government, whichever is lower
Processing charges:
Cash Credit: Rs.300/- per lac for the facility sanctioned
Demand Loan: Nil where loan is sanctioned and disbursed. Rs. 300 per lac in case the loan is sanctioned but the borrower does not avail.
Margin:
Demand Loan: 25% (minimum) of the value of the warehouse receipt, valued at the market value OR 20% (minimum) of the minimum support price declared by State/Central Government, whichever is higher
Cash Credit: 30% (minimum) of the value of the warehouse receipt, valued at the market value OR 25% (minimum) of the minimum support price declared by State/Central Government, whichever is higher
Insurance:
Comprehensive InsuranceInsurance cost to be borne by the warehouse receipt owner.
Security:
PrimaryCharge over warehouse receipt (resulting in charge over underlying goods), with lien marked in favour of the bank.
CollateralPersonal guarantee of partners or directors as the case may be.
Repayment:
Demand Loan: The loan should be liquidated as and when the produce is sold during the interim period not exceeding 12 months.
Cash Credit: Repayable on demand. To be brought to credit balance and DP made Nil/reduced when the quality certificate expires.
Others:
a) The Warehouse receipt should be duly marked lien in favour of the bank
b) The Branch should verify the authenticity of the warehouse receipt and get its lien noted with the warehouse before disbursal of the demand loan/ CC facility.
c) The margin shall be topped up on a fortnightly basis. However, it should be topped up immediately in case the price of commodity moves by more than 10%, in opposite direction, since last top up.
d) CC Limits and operating account will be different for different commodities handled by the same trader/customer. Interchangeability in limits can be offered, if required.
To finance traders/owners of goods against warehouse receipts of warehouses managed by Central Warehousing Corporations/ State Warehousing Corporation and warehouse accredited by MCX by way of Demand Loan/Cash Credit
Eligibility:
Any trader dealing in commodities
Eligible Amount of Finance:
Demand Loan: 75 % of the value of the warehouse receipt, valued at the market value OR 80% of the minimum support price declared by State/Central GovernmentWhichever is lower.
Cash Credit: 70 % of the value of the warehouse receipt, valued at the market value OR 75% of the minimum support price declared by State/Central Government, whichever is lower
Processing charges:
Cash Credit: Rs.300/- per lac for the facility sanctioned
Demand Loan: Nil where loan is sanctioned and disbursed. Rs. 300 per lac in case the loan is sanctioned but the borrower does not avail.
Margin:
Demand Loan: 25% (minimum) of the value of the warehouse receipt, valued at the market value OR 20% (minimum) of the minimum support price declared by State/Central Government, whichever is higher
Cash Credit: 30% (minimum) of the value of the warehouse receipt, valued at the market value OR 25% (minimum) of the minimum support price declared by State/Central Government, whichever is higher
Insurance:
Comprehensive InsuranceInsurance cost to be borne by the warehouse receipt owner.
Security:
PrimaryCharge over warehouse receipt (resulting in charge over underlying goods), with lien marked in favour of the bank.
CollateralPersonal guarantee of partners or directors as the case may be.
Repayment:
Demand Loan: The loan should be liquidated as and when the produce is sold during the interim period not exceeding 12 months.
Cash Credit: Repayable on demand. To be brought to credit balance and DP made Nil/reduced when the quality certificate expires.
Others:
a) The Warehouse receipt should be duly marked lien in favour of the bank
b) The Branch should verify the authenticity of the warehouse receipt and get its lien noted with the warehouse before disbursal of the demand loan/ CC facility.
c) The margin shall be topped up on a fortnightly basis. However, it should be topped up immediately in case the price of commodity moves by more than 10%, in opposite direction, since last top up.
d) CC Limits and operating account will be different for different commodities handled by the same trader/customer. Interchangeability in limits can be offered, if required.
Monday, October 6, 2008
MODEL QUESTION PAPER FOR SBI PO EXAM -Section 3 QUANTITATIVE APTITUDE
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
101. If the persons A and B have incomes in the ratio 7 : 5 and
expenditures in the ratio 3 : 2 and each one of them saves Rs R, then,
the income of A is:
(1) 14R (2) 7R (3) (7/2)R (4)R/2 (5) None of these
102. If x + a is a factor of x3 + ax2 – 2x + a + 4, then a equals:
(1) 2/5 (2) -4 (3) -4/3 (4) 2/3 (5) Cannot be solved
103. At 7 : 55 a.m. a police jeep started chasing a stolen car
running at 85 km/hr ahead of it by 5 km. At what time will the police jeep
overtake the stolen car, if its speed is 100 km/hr?
(1) 8 : 30 a.m.
(2) 8 : 20 a.m.
(3) 8 : 25 a.m.
(4) 8 : 15 a.m.
(5) 9 : 00 a.m.
104. It takes the same time to go 20 km downstream as it takes
to go 12 km upstream. If the speed of the boat used is 8 km/hr in still
water, the speed of the stream (in km/hr) is:
(1) 4 (2)1 (3)0
(4) 3 (5)2
105. Ravi and Dev have an age ratio of 15 : 8, which will be 5 : 3
in 10 years time. Their present ages (in years) are:
(1) 15, 8 (2) 30, 16 (3) 45, 24
(4) 60, 32 (5) 75, 40
Directions (Qs. 106-108): Each of the following questions has
two equations on the basis of which you have to find the relation
between a and b. Provide the answers as:
106. I: a2 – 10a + 25 = 0.
II: 300% of 60% + 10% of 32 = b.
107. I: a2 – 3a – 18 = 0.
II: b2 + 6b + 9 = 0
108.
Directions (Qs. 109-110): Find the approximate value of x
109. x = log10 160 (given log10 2 = 0.3010).
(1) 2.5 (2) 2.2 (3) 2.4
(4) 2.1 (5) 2.8
110. 2 sin2 x – cos x + 4 = 0
Directions (Qs. 111-115): In these questions, each question is
followed by two statements. On the basis of the question asked
and the given statements, you have to decide whether the data
is/are sufficient to answer the question. Give answer as:
(1) if the data in statement I alone is sufficient, while not in II alone
(2) if the data in statement II alone is sufficient, while I alone is not
(3) if the data in either statement I alone or II alone is sufficient
(4) if the data in both statements together is not sufficient
(5) if the data in both statements I and II are needed together
111. How many straight lines can be formed from 6 points in a
plane?
Statement I: 4 points are collinear.
Statement II: 3 points are collinear.
112. What is the probability that Ravi and Dev contradict a given
statement?
Statement I: Ravi speaks truth in 60% cases.
Statement II: Dev speaks truth in 50% cases.
113. The simple interest on a certain sum of money for 2 years is
Rs 260. Find the sum.
Statement I: The sum amounts to Rs 5590 in 3 years and Rs 5850
in 5 years.
Statement II: The sum is doubled in 40 years.
114. Is the two-digit number N divisible by 18?
Statement I: When N is multiplied with 3, the result is a 3-digit
number.
Statement II: When N is divided by 3, the remainder is 1.
115. A boat goes upstream and then returns downstream. What
is the total distance?
Statement I: Upstream speed is 4 km/hr and downstream speed is
8 km/hr.
Statement II: Average speed is
116. The value of x in the inequality 2x2 – x + 15 <>117. What should be the value of the question mark:
118. 2 rice varieties costing Rs 25 per kg and Rs 35 per kg were
mixed as 2 : 3 and sold so as to gain 20%. What was the SP of the
mixture (Rs/kg)?
(1) 37.2 (2) 28.6 (3) 30
(4) 32 (5) 40.5
119. A huge jar contains 2 liquids A and B in the ratio 7 : 4.When
12 litres of mixture is removed and replaced by B, the ratio now
becomes 4 : 7. The capacity of the vessel (in litres) is:
(1) 120 (2) 240 (3) 280
(4) 300 (5) 560
120. If the difference between CI and SI on Rs 1 lakh was Rs 36
in 2 years, the rate of yearly interest is:
121. Toffees are bought at 4 for a rupee and the same number at
6 for a rupee. Then, they are mixed and sold at 5 per rupee. What is the
net profit or loss?
(1) 2% loss
(2) 10% profit
(3) no profit or loss
(4) 4% loss
(5) None of these
122. How many triangles can be obtained from 5 coplanar
points? (No 3 points are collinear).
(1) 5 (2) 3 (3) 10
(4) 20 (5) 8
123. If the chances that Sonu, Monu, Mahesh can solve a
problem are what is the probability that given problem can be
solved if they all try?
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
101. If the persons A and B have incomes in the ratio 7 : 5 and
expenditures in the ratio 3 : 2 and each one of them saves Rs R, then,
the income of A is:
(1) 14R (2) 7R (3) (7/2)R (4)R/2 (5) None of these
102. If x + a is a factor of x3 + ax2 – 2x + a + 4, then a equals:
(1) 2/5 (2) -4 (3) -4/3 (4) 2/3 (5) Cannot be solved
103. At 7 : 55 a.m. a police jeep started chasing a stolen car
running at 85 km/hr ahead of it by 5 km. At what time will the police jeep
overtake the stolen car, if its speed is 100 km/hr?
(1) 8 : 30 a.m.
(2) 8 : 20 a.m.
(3) 8 : 25 a.m.
(4) 8 : 15 a.m.
(5) 9 : 00 a.m.
104. It takes the same time to go 20 km downstream as it takes
to go 12 km upstream. If the speed of the boat used is 8 km/hr in still
water, the speed of the stream (in km/hr) is:
(1) 4 (2)1 (3)0
(4) 3 (5)2
105. Ravi and Dev have an age ratio of 15 : 8, which will be 5 : 3
in 10 years time. Their present ages (in years) are:
(1) 15, 8 (2) 30, 16 (3) 45, 24
(4) 60, 32 (5) 75, 40
Directions (Qs. 106-108): Each of the following questions has
two equations on the basis of which you have to find the relation
between a and b. Provide the answers as:
106. I: a2 – 10a + 25 = 0.
II: 300% of 60% + 10% of 32 = b.
107. I: a2 – 3a – 18 = 0.
II: b2 + 6b + 9 = 0
108.
Directions (Qs. 109-110): Find the approximate value of x
109. x = log10 160 (given log10 2 = 0.3010).
(1) 2.5 (2) 2.2 (3) 2.4
(4) 2.1 (5) 2.8
110. 2 sin2 x – cos x + 4 = 0
Directions (Qs. 111-115): In these questions, each question is
followed by two statements. On the basis of the question asked
and the given statements, you have to decide whether the data
is/are sufficient to answer the question. Give answer as:
(1) if the data in statement I alone is sufficient, while not in II alone
(2) if the data in statement II alone is sufficient, while I alone is not
(3) if the data in either statement I alone or II alone is sufficient
(4) if the data in both statements together is not sufficient
(5) if the data in both statements I and II are needed together
111. How many straight lines can be formed from 6 points in a
plane?
Statement I: 4 points are collinear.
Statement II: 3 points are collinear.
112. What is the probability that Ravi and Dev contradict a given
statement?
Statement I: Ravi speaks truth in 60% cases.
Statement II: Dev speaks truth in 50% cases.
113. The simple interest on a certain sum of money for 2 years is
Rs 260. Find the sum.
Statement I: The sum amounts to Rs 5590 in 3 years and Rs 5850
in 5 years.
Statement II: The sum is doubled in 40 years.
114. Is the two-digit number N divisible by 18?
Statement I: When N is multiplied with 3, the result is a 3-digit
number.
Statement II: When N is divided by 3, the remainder is 1.
115. A boat goes upstream and then returns downstream. What
is the total distance?
Statement I: Upstream speed is 4 km/hr and downstream speed is
8 km/hr.
Statement II: Average speed is
116. The value of x in the inequality 2x2 – x + 15 <>117. What should be the value of the question mark:
118. 2 rice varieties costing Rs 25 per kg and Rs 35 per kg were
mixed as 2 : 3 and sold so as to gain 20%. What was the SP of the
mixture (Rs/kg)?
(1) 37.2 (2) 28.6 (3) 30
(4) 32 (5) 40.5
119. A huge jar contains 2 liquids A and B in the ratio 7 : 4.When
12 litres of mixture is removed and replaced by B, the ratio now
becomes 4 : 7. The capacity of the vessel (in litres) is:
(1) 120 (2) 240 (3) 280
(4) 300 (5) 560
120. If the difference between CI and SI on Rs 1 lakh was Rs 36
in 2 years, the rate of yearly interest is:
121. Toffees are bought at 4 for a rupee and the same number at
6 for a rupee. Then, they are mixed and sold at 5 per rupee. What is the
net profit or loss?
(1) 2% loss
(2) 10% profit
(3) no profit or loss
(4) 4% loss
(5) None of these
122. How many triangles can be obtained from 5 coplanar
points? (No 3 points are collinear).
(1) 5 (2) 3 (3) 10
(4) 20 (5) 8
123. If the chances that Sonu, Monu, Mahesh can solve a
problem are what is the probability that given problem can be
solved if they all try?
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
e - INVEST
IPO-APPLICATIONS SUPPORTED BY BLOCKED ACCOUNTS
SBI has brought a new hassle free solution for investment in IPO called e-Invest. Under the instruction of SEBI Bank has introduced this supplementary process for applying in public issue. Unlike the current system of applying in IPO issues, under e-Invest your funds are not blocked unproductively with application money till the finalization of the bid but will continue earning interest for the application processing period. Bank will mark a lien on the deposit account of the investor to the extent of the application money till the time application is rejected or withdrawn. Lien will be unmarked immediately after knowing the fate of the application. If bid is successful lien will be unmarked and the amount of application money will be transferred to the issuer according to the instruction of the Registrar of the issue.
An Investor can apply under e-Invest if he fulfills following criterion:
He/ She is a “Resident Retail Individual Investor”,
He/ She is bidding at cut-off, with single options as to the number of shares bid for,
He/ She has agreed not to revise his/ her bid,
He/ She is not bidding under any of the reserved categories,
He/ She has sufficient clear balance in his/her Saving Bank or Current account (with SBI) for application money. (In due course it will be extended to amount held in Term deposit)
MULTI - CITY CHEQUES (MCC)
Personal Segment:
A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank. MCC can be issued in cheque operated accounts (SB and Current), in addition to normal cheque books. The MCC facility is to be used only for genuine transactions / bonafide remittances. No cash payments will be made to third parties at other branches. The upper limit for issue of MCCs is Rs.2 lacs. The issue charges for MCC are Rs. 3 per cheque leaf and will be debited from the account at the time of issue of the cheque book. There are no transaction charges.
A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank. MCC can be issued in cheque operated accounts (SB and Current), in addition to normal cheque books. The MCC facility is to be used only for genuine transactions / bonafide remittances. No cash payments will be made to third parties at other branches. The upper limit for issue of MCCs is Rs.2 lacs. The issue charges for MCC are Rs. 3 per cheque leaf and will be debited from the account at the time of issue of the cheque book. There are no transaction charges.
MAGNETIC INK CHARACTER RECOGNITION (MICR)
In MICR technology the information is printed on the instrument with a special type of ink which is made up of magnetic material. On insertion of the instrument in the machine, the printed information is read by the machine. MICR system is beneficial as it minimizes chances of error, clearing of cheques becomes easy and transfer of funds becomes faster in order to facilitate operations.
SBI VISHWA YATRA FOREIGN TRAVEL CARD
SBI Vishwa Yatra foreign Travel Card (FTC), a prepaid plastic card issued in association with VISA International, is presently available in three different currencies - US Dollars, Euro and GBP. It is a safer method of carrying funds in a safe, convenient and cost effective way on your visit abroad. It takes away the hassles of going around Money changers and loosing valuable foreign currency by way of high exchange margins. It also relieves the customer of the Annual fees, joining fees, credit limits, Mark-ups, unusual transaction charges etc., usually associated with International Debit / Credit Cards
THE CARD:
·A Pre-paid card presently available in US Dollar, EURO and GBP Currencies
·Issued in association with VISA International.
·Accepted at 924,000 VISA ATMs and at over 22 Million Merchant Establishment(MEs) approximately, all over the world except in India, Nepal and Bhutan.
·Available at all Branches authorized to sell Foreign currency / travelers cheques
ELIGIBILITY:
·Any bonafide citizen of India who plans to travel abroad except Nepal and Bhutan.
·Corporates for their employees whom they plan to send abroad for official purpose subject to completion of KYC norms.
·Parents / sponsors of the students going abroad for higher studies, in the student’s name and can be subsequently reloaded up to the statutory ceiling prescribed from time to time.
·Foreign Nationals residing in India subject to completion of KYC norms
FEATURES:
·Minimum amount of issue: US Dollars 500 /400 Euros / 250 GBP
·Maximum amount of issue: US Dollars 10,000 or equivalent / or any higher amount
as prescribed RBI/FEMA 1999 depending on the purpose of overseas visit
·Competitive exchange rates.
·Reloadable any number of times from any branch authroised to issue FTC.
·SMS message on your Mobile phone for each transaction
·Operatable by 4 digit PIN at ATMs and by PIN/Signature at Merchant Establishments.
·Free balance enquiry at SBI / VISA ATMs(at a charge)
·Free balance enquiry and view / download details of transactions through prepaidsbi .com
·Add-on cards not exceeding two in number to be used by the card holder in case of loss/misplacement/defacement of the card
·Balance information after each transaction through SMS
·A 24 x 7 call centre to provide information and hot-list (block) the card in case of loss / misplacement.
DOCUMENTS
·Copies of Pass port
·Form A2
·PAN or Form 60 in lieu thereof
·Proof of residence in case the address is different from that appearing on passport
THE CARD:
·A Pre-paid card presently available in US Dollar, EURO and GBP Currencies
·Issued in association with VISA International.
·Accepted at 924,000 VISA ATMs and at over 22 Million Merchant Establishment(MEs) approximately, all over the world except in India, Nepal and Bhutan.
·Available at all Branches authorized to sell Foreign currency / travelers cheques
ELIGIBILITY:
·Any bonafide citizen of India who plans to travel abroad except Nepal and Bhutan.
·Corporates for their employees whom they plan to send abroad for official purpose subject to completion of KYC norms.
·Parents / sponsors of the students going abroad for higher studies, in the student’s name and can be subsequently reloaded up to the statutory ceiling prescribed from time to time.
·Foreign Nationals residing in India subject to completion of KYC norms
FEATURES:
·Minimum amount of issue: US Dollars 500 /400 Euros / 250 GBP
·Maximum amount of issue: US Dollars 10,000 or equivalent / or any higher amount
as prescribed RBI/FEMA 1999 depending on the purpose of overseas visit
·Competitive exchange rates.
·Reloadable any number of times from any branch authroised to issue FTC.
·SMS message on your Mobile phone for each transaction
·Operatable by 4 digit PIN at ATMs and by PIN/Signature at Merchant Establishments.
·Free balance enquiry at SBI / VISA ATMs(at a charge)
·Free balance enquiry and view / download details of transactions through prepaidsbi .com
·Add-on cards not exceeding two in number to be used by the card holder in case of loss/misplacement/defacement of the card
·Balance information after each transaction through SMS
·A 24 x 7 call centre to provide information and hot-list (block) the card in case of loss / misplacement.
DOCUMENTS
·Copies of Pass port
·Form A2
·PAN or Form 60 in lieu thereof
·Proof of residence in case the address is different from that appearing on passport
eZ - PAY CARD
Payment of salaries to employees who will be required to work at different locations is generally a difficult proposition for Employers as a single Banking arrangement can not be made for all employees. The SBI eZ-Pay card , a prepaid plastic card issued in Indian Rupees in association with VISA international, is the right solution in such cases. Periodical payments like salary, payment of TA/ Medical/ incentives etc. can be loaded on to the card from a single point and the funds are available to the employees immediately.
The SBI eZ-Pay card is a Pre-paid ATM-cum-Debit card usable at all VISA-enabled ATMs through PIN and at Merchant establishments/ Point of Sale through PIN/ Signature, in India, Nepal & Bhutan. The cardholder need not visit any Branch to withdraw his money. Balance enquiry can be made either through ATM or through Internet free of charge.
Currency of Issue
Indian Rupees
Documentation
All the eZ-Pay cards can be issued centrally with minimum documentation to fulfill the KYC guidelines. The Employer only needs to certify as to the bonafides/ identity/ proof of residence and submit a copy of the photo identity card alongwith other required information.
Personalised Cards
The cards are issued as personalized cards only.
Reload
* The SBI eZ-Pay card is a re-loadable card and may be re-loaded any number of times. Periodical allowances like TA, Conveyance, Bonus and reimbursement of miscellaneous expenses which are regular in nature, can also be paid into these cards.
* Maximum amount of reload Rs.50,000.00* per month per employee
* Minimum reload Rs.100 per reload
Daily Transaction Limits
* Unlimited Free cash withdrawals at SBI (Group) ATMS
* Withdrawals at ATMs with Bilateral arrangement and other VISA enabled ATMs at a nominal charge
* Merchant/ Point of Sale Transactions – Upto a maximum of Rs.25000/- per day. This limit is in addition to Cash Withdrawal limit of Rs.15000/- per day
* Balance enquiry at SBI ATMs free of cost and at a nominal cost at other VISA enabled ATMs
* Free online access to statement of account through Internet
Card Validity
The card is valid for 10 years. The expiry date is pre-printed on the cards.
The SBI eZ-Pay card is a Pre-paid ATM-cum-Debit card usable at all VISA-enabled ATMs through PIN and at Merchant establishments/ Point of Sale through PIN/ Signature, in India, Nepal & Bhutan. The cardholder need not visit any Branch to withdraw his money. Balance enquiry can be made either through ATM or through Internet free of charge.
Currency of Issue
Indian Rupees
Documentation
All the eZ-Pay cards can be issued centrally with minimum documentation to fulfill the KYC guidelines. The Employer only needs to certify as to the bonafides/ identity/ proof of residence and submit a copy of the photo identity card alongwith other required information.
Personalised Cards
The cards are issued as personalized cards only.
Reload
* The SBI eZ-Pay card is a re-loadable card and may be re-loaded any number of times. Periodical allowances like TA, Conveyance, Bonus and reimbursement of miscellaneous expenses which are regular in nature, can also be paid into these cards.
* Maximum amount of reload Rs.50,000.00* per month per employee
* Minimum reload Rs.100 per reload
Daily Transaction Limits
* Unlimited Free cash withdrawals at SBI (Group) ATMS
* Withdrawals at ATMs with Bilateral arrangement and other VISA enabled ATMs at a nominal charge
* Merchant/ Point of Sale Transactions – Upto a maximum of Rs.25000/- per day. This limit is in addition to Cash Withdrawal limit of Rs.15000/- per day
* Balance enquiry at SBI ATMs free of cost and at a nominal cost at other VISA enabled ATMs
* Free online access to statement of account through Internet
Card Validity
The card is valid for 10 years. The expiry date is pre-printed on the cards.
SBI YUVA CARD
SBI Yuva Card is an International Debit Card on VISA platform, exclusively designed for vibrant youth of India between 18-30 years of Age. The card can be used at ATMs for cash withdrawal at all ATMs under bilateral arrangement. It can be used for dining, shopping and traveling at POS/MEs. This Card is available in all branches free of cost. You can not only draw cash at ATM but also swipe it for. This card is PIN based on ATM and signature based at POS/MEs. This card can ‘be used for e-commerce i.e. for shopping through internet by using VbV (Verified by VISA) certified internet websites. Funds can also be transferred using VISA Monet Transfer facility. Using our ATMs, card holder can also transfer funds to other VISA Debit/ Credit Cards issued by the Bank or any other Bank.
SALIENT FEATURES OF SBI YUVA DEBIT CARD
1. Main Eligibility
All Saving Bank and Current Account holders having account at CBS branches, in the age group of 18-30 years and holding account either in their sole name or jointly with their parents/ spouse with mode of operation " Either or Survivor"/ Anyone or Survivor will be eligible to apply for this card.
2. Daily Cash Withdrawal Limit
Minimum Rs.100 and Maximum Rs.50,000 / Overseas US $1000
3. Daily purchase limit at Merchant Establishments/Point of Sales/Internet Merchant Establishments
Rs. 2,00,000.00/ Overseas US$ 4000
4. Mode of Operation
PIN on ATM, Signature at ME/POS and Verified by Visa password on Internet Merchant Establishments
5. Annual maintenance Fee
NIL
6. Complementary Insurance
Rs.2 lacs (accidental death only) and Rs. 5,000 on purchase protection
7. Loyalty Points
One loyalty point equivalent to Rs.0.25 for every purchase of Rs.100 at POS. The loyalty points earned by the card holder, subject to a minimum 100 points, may be converted into monetary figures and credited back to the account at the end of every calendar quarter.
8. Cash Withdrawal & balance enquiry fee other than SBI ATMs
Cash Withdrawal-Free at SBI ATMs and ATMs under Bilateral arrangements and Rs. 20 on others ATMs with VISA logo Balance Enquiry- Free at all above ATMs.
9. Concessions
50% concessions on processing charges on loans 50% concessions on Demat A/C charges 25 basis point concessions in interest rates on Education, Housing and Vehicle loans to the card holders who maintain their salary / revenue accounts with us.
10. Validity of the Card
10 Years from the date of issue
11. Visa Money Transfer (VMT)
Transfer of money from any ATM Debit Card issued by the bank to another VISA ATM Debit / credit card issued in India by the Bank / other Banks using their ATM PIN at ATMs & Active INB users through www . onlinesbi . com using their ID and password upto Rs. 50,000.00 per transaction.
*The charges applicable are Rs. 20.00 + service charge per transaction.
12. Verified by Visa (VbV)
By registering to the facility the card holders can securely carryout ecommerce transactions on VbV enabled websites. It is mandatory for the Card holders to register for the facility for carrying out e-commerce transactions on VbV enabled Internet merchants.
13. Other facilities
Can undertake transactions through internet for ticketing, e- commerce. Visa Bill pay, Mobile Top Up, Virtual cards solution for e-commerce and wide range of Discount on shopping, entertainment and leisure, and purchase etc. on use of Yuva Cards.
Note: * Charges on all funds transfer through Internet have been waived till 31.3.2009
SALIENT FEATURES OF SBI YUVA DEBIT CARD
1. Main Eligibility
All Saving Bank and Current Account holders having account at CBS branches, in the age group of 18-30 years and holding account either in their sole name or jointly with their parents/ spouse with mode of operation " Either or Survivor"/ Anyone or Survivor will be eligible to apply for this card.
2. Daily Cash Withdrawal Limit
Minimum Rs.100 and Maximum Rs.50,000 / Overseas US $1000
3. Daily purchase limit at Merchant Establishments/Point of Sales/Internet Merchant Establishments
Rs. 2,00,000.00/ Overseas US$ 4000
4. Mode of Operation
PIN on ATM, Signature at ME/POS and Verified by Visa password on Internet Merchant Establishments
5. Annual maintenance Fee
NIL
6. Complementary Insurance
Rs.2 lacs (accidental death only) and Rs. 5,000 on purchase protection
7. Loyalty Points
One loyalty point equivalent to Rs.0.25 for every purchase of Rs.100 at POS. The loyalty points earned by the card holder, subject to a minimum 100 points, may be converted into monetary figures and credited back to the account at the end of every calendar quarter.
8. Cash Withdrawal & balance enquiry fee other than SBI ATMs
Cash Withdrawal-Free at SBI ATMs and ATMs under Bilateral arrangements and Rs. 20 on others ATMs with VISA logo Balance Enquiry- Free at all above ATMs.
9. Concessions
50% concessions on processing charges on loans 50% concessions on Demat A/C charges 25 basis point concessions in interest rates on Education, Housing and Vehicle loans to the card holders who maintain their salary / revenue accounts with us.
10. Validity of the Card
10 Years from the date of issue
11. Visa Money Transfer (VMT)
Transfer of money from any ATM Debit Card issued by the bank to another VISA ATM Debit / credit card issued in India by the Bank / other Banks using their ATM PIN at ATMs & Active INB users through www . onlinesbi . com using their ID and password upto Rs. 50,000.00 per transaction.
*The charges applicable are Rs. 20.00 + service charge per transaction.
12. Verified by Visa (VbV)
By registering to the facility the card holders can securely carryout ecommerce transactions on VbV enabled websites. It is mandatory for the Card holders to register for the facility for carrying out e-commerce transactions on VbV enabled Internet merchants.
13. Other facilities
Can undertake transactions through internet for ticketing, e- commerce. Visa Bill pay, Mobile Top Up, Virtual cards solution for e-commerce and wide range of Discount on shopping, entertainment and leisure, and purchase etc. on use of Yuva Cards.
Note: * Charges on all funds transfer through Internet have been waived till 31.3.2009
GIFT CARDS
Presenting Gifts to Employees is an integral and unique culture in India. Traditionally, gifts have been given to employees in the form of cash or kind. With the advancement of Banking, Gift Cheques were introduced, allowing the employees to use the money according to their wishes. These cheques, however, are accepted at the issuing bank branches only. The SBI Gift Card, issued in association with VISA International, is one such product which gives the comfort of convenience and wide acceptability.
Gift Card is a Pre-paid Plastic Card supported by Magnetic-strip based technology. It is usable at all VISA enabled Merchant Establishments and POS by signature/ PIN. It is a perfect substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale.
Currency of Issue
Indian Rupees
Documentation
For Individuals: Basic KYC norms will be completed
For Corporates: The corporate will just give a list of the beneficiaries and the cards will be issued
Issue of Cards
* SBI Gift cards are available at all Branches on Core Banking Solution
* Gift Cards are issued for a minimum of Rs.500/- and thereafter in multiples of Rs.100 subject to a maximum of Rs.20,000/-
Personalised Cards
The card can also be personalized, upon request by the Corporates for Bulk Issue.
Daily Transaction Limit
* Point of Sales Transactions – No Limit
* Balance enquiry can be done through SBI ATMs/ through Internet free of cost
* Account Statement can be viewed/ printed through Internet free of cost
Card Validity
* The expiry date is pre-printed on the cards
Gift Card is a Pre-paid Plastic Card supported by Magnetic-strip based technology. It is usable at all VISA enabled Merchant Establishments and POS by signature/ PIN. It is a perfect substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale.
Currency of Issue
Indian Rupees
Documentation
For Individuals: Basic KYC norms will be completed
For Corporates: The corporate will just give a list of the beneficiaries and the cards will be issued
Issue of Cards
* SBI Gift cards are available at all Branches on Core Banking Solution
* Gift Cards are issued for a minimum of Rs.500/- and thereafter in multiples of Rs.100 subject to a maximum of Rs.20,000/-
Personalised Cards
The card can also be personalized, upon request by the Corporates for Bulk Issue.
Daily Transaction Limit
* Point of Sales Transactions – No Limit
* Balance enquiry can be done through SBI ATMs/ through Internet free of cost
* Account Statement can be viewed/ printed through Internet free of cost
Card Validity
* The expiry date is pre-printed on the cards
MODEL QUESTION PAPER FOR SBI PO EXAM -Section 2:ENGLISH
ENGLISH
Directions (Qs. 51-65): Read the following passage and
answer the questions below it. A few words are given in the bold
form to help easy location while answering some questions.
To some extent, it is the nature of the intellect to narrow our vision
and give it focus. Tragedy comes in when we forget this limitation and
think the intellect can comprehend things as a whole. The intellect
views the world through a slit. When a cat walks by, it observes the eye,
then fur, and then the tail, and then it infers that the eye is the cause of
the tail, unless of course, the cat was walking backward. If this sounds
absurd, some of the theories about biochemistry and behaviour use
very similar reasoning. Nachiketa would object, “Man, why don’t you
open the door? That’s just your black cat Frodo, pacing back and forth.”
But instead we usually get caught up in clarifying slit-information, even
though without a larger view our conclusions may be entirely wrong. To
make matters worse, we specialize. I am not against specialization per
se but what often happens is that we do not even look through whole
slit; we subdivide. My field is the upper part of the tail; yours is the lower.
I might even forget about the eye and the fur. My main concern will be
my debate with a colleague in Tokyo over whether hair on the tail grows
up or down. If anybody asks how the eye fits in, I refer him to another
researcher. After all, what have eyes got to do with geotropic hair
growth?
Debates like this cannot be resolved on the slit level. What is
required is to open the door; then argument becomes unnecessary.
Once the door is opened, even a little, we will not quarrel over whose slit
is correct or whether we should confine ourselves to the top of it or the
bottom. As long as we see only part of the picture, logic and
argumentation can never settle an issue. When the intellect becomes
calm and clear, theory gives way to demonstration. It is not beyond our
reach to see life whole. We have simply become so attached to this
precious slit that we think there is no higher mode of knowing. After a
while, we become so used to slits that we put on a special mask with
just a hairline crack in front of the eyes. Try walking around wearing a
mask like this and see what happens. Every little thing will fill your field
of vision.
The intellect that sees only a small corner of life makes a very poor
guide. We follow it like the blind led by the blind. I see this illustrated
every day in the newspapers. To take just one urgent example, I have
read that perhaps half a million scientists and engineers around the
world are engaged in weapons research. I have no doubt that the vast
majority of these people have no desire for war. They feel they are only
doing a job, playing a small role in an inevitable activity. Nevertheless,
this is not a defence industry, this is a half a million highly skilled men
and women preparing for war. Producing and selling instruments of war
is one of the biggest business in the world today. Even before the First
World War, George Bernard Shaw caught the spirit of the industry in the
character of undershaft in Major Barbara. Undershaft is no sinister
“merchant of death”. He is just a businessman, whose credo is to give
arms to all who offer an honest price for them, without respect of
persons or principles, to capitalist and socialist, to protestant and
catholic, to burglar and policeman, to black man, white man and yellow
man, to all sorts and conditions, all nationalities and faiths, all follies, all
causes and all crimes.
The defence-minded intellect might object, “That’s unfortunate, but
defence is necessary. Everybody has to have weapons, and somebody
is going to sell them. Here is a business that is thriving”. These sales”,
the merchant argue, “help supply allies who cannot produce needed
equipment.” Needed for what? Any school boy knows that weapons are
needed by people in order to kill each other. From the evidence, we
would have to conclude that death is a much more desirable goal than
health, education, or welfare.
Or, look at cancer. Many researchers today maintain that perhaps
seventy to ninety per cent of all human cancers are caused by
environmental agents involved in manufacturing and processing new
products. Most of these substances are relatively recent additions to our
environment. We made them, and we can cease to make them if we
choose.Yet one way or another such substances appeal to us so much
that life without them seems untenable. As a result, instead of trying to
eliminate the causes of cancer, we pour millions of dollars into what one
writer calls “the Vietnam of modern medicine”: The Search for a Cancer
Cure.
This kind of myopia is not a necessary fault of the intellect. Given
a larger picture, the intellect can rise to the occasion. Then even if the
Nobel Prize is dangled before its eyes, it will refuse to work at any
project that is at the expense of life, but will give all its attention to
matters of real urgency.
51. Which of these is true in context to the passage:
(1) humans are capable of unlimited applications of the mind
(2) whether the slit is small or large, conclusion is the same
(3) all researchers view through slit-like intellects
(4) it is not possible to view life as a whole
(5) the intellect is capable of adjustments
52. The passage is against:
(a) short-sightedness of the scientists
(b) the nature of the intellect
(c) narrowness of the intellect
(1) (a) only
(2) (b) only
(3) (a) and (b)
(4) (a) and (c)
(5) all (a), (b) and (c)
53. What should be the right approach for argumentation:
(1) to specialise in a particular field
(2) to study bio-chemistry
(3) sub-divide topics and research on them
(4) open the doors of the intellect
(5) leave attachment to our slits
54. According to the author, the intellect which sees a small
corner of life, can:
(1) lead to scientific and engineering outcomes
(2) lead to follies and crimes
(3) race for better defence
(4) cause environmental pollution
(5) lead to harmful and unwanted results
55. What leads to cancer?
(1) pre-existing environmental pollutants
(2) man-made additions to environment
(3) tasty and good-looking things
(4) modern medicines
(5) None of the above
56. The difference between narrow and broad vision is:
(1) narrow vision leads to specialisations, while broad vision does
not
(2) narrow vision leads to debates while broad vision easily
settles them
(3) narrow vision leads to desire for war while broad vision leads
to desire for defence sales
(4) narrow vision leads to greedy business while broad vision
leads to fair salesmanship
(5) narrow vision leads to Nobel prizes and broad vision refuses them
57. In context to the passage, which one of these is false:
(1) weapons are needed by nations for money
(2) weapons are needed for security reasons
(3) a person with a broad intellect would not sell weapons to all
(4) the author is against specialisations
(5) scientists all over the world are preparing for war
58. The title to the passage can be:
(1) Disasters of science
(2) Nature of the intellect
(3) Intellectual misconducts
(4) Human debates
(5) Viewing life as a whole
59. The undershaft is:
(1) a very clever businessman
(2) an intellectual businessman
(3) an immoral character
(4) the major role in Major Barbara
(5) a blindly-led intellect
Directions (Qs. 60-62): In context of the above passage
choose the word which is most similar in meaning to the given
word.
60. CREDO
(1) crime (2) credit (3) business
(4) job (5) management
61. COMPREHEND
(1) absorb (2) digest (3) guide
(4) assimilate (5) understand
62. GEOTROPIC
(1) falling to ground
(2) attracted towards earth
(3) touching the earth
(4) projected toward the earth
(5) None of these
Directions (Qs. 63-65): In context of the above passage
choose the word which is most opposite in meaning to the given
word.
63. INEVITABLE
(1) blasting (2) accidental (3) certain
(4) incidental (5) avoidable
64. MYOPIA
(1) narrowmindedness
(2) broadmindedness
(3) shortsightedness
(4) evilsightedness
(5) hypermetropia
65. UNTENABLE
(1) probable (2) cured (3) unworthy
(4) worthsome (5) pleasant
Directions (Qs. 66-70): In each of the questions below four
sentences are given which are denoted by A, B, C and D. By using
all four sentences, frame a meaningful para. Choose answer from
the five alternatives given and the correct order of the sentences
is your answer.
66. (A) India’s patent authorities are at the centre of global
attention.
(B) India’s patent law is equipped to drive out frivolous
patent seekers and to reward meritorious inventors
(C) If successful, Indian generic drug-makers may have to
pay royalties.
(D) As many MNC drug-makers have applied for patents
under India’s new product patent law
(1) ABCD (2) ADCB (3) BACD
(4) DACB (5) CABD
67. (A) What’s more, if you happen to be inching towards
retirement, your EMIs will be structured accordingly.
(B) Future credit may get customised.
(C) The next time you get a hike in your company, rest
assured your Equated Monthly Instalments (EMIs) will
go up.
(D) EMIs will now be fixed according to your affordability.
(1) DCAB (2) BCAD (3) BCDA
(4) ABCD (5) CBAD
68. (A) The Tax Return Prepares Scheme has been introduced
recently to help individuals file their income tax returns.
(B) According to this scheme, certain tax return prepares
will be specially trained.
(C) The aim is to ease the process of filing returns and
reduce the cost for tax payers.
(D) However, individuals should carefully examine this
service and its likely benefits.
(1) ABCD (2) ADCA (3) DABC
(4) BACD (5) BCAD
69. (A) There is nothing more soothing to the mind, body and
soul than being on the beach front.
(B) That’s what Archil, which buys bad loans, thinks.
(C) A little bit of business can also be thrown in such a
setting.
(D) The ARC thought of the idea of organising a workshop
on junk bonds in an exotic beach resort in Goa and has
roped in the Indian Bank’s Association.
(1) DCAB (2) ABCD (3) DACB
(4) ACBD (5) CBDA
70. (A) The financial markets in the country have provided a
wide array of such instruments.
(B) Doing business is all about managing risk.
(C) The profit and loss account is a reflection of the risk that
is dexterously handled by CFOs.
(D) Which have been seized with alacrity by the industry.
(1) BACD (2) ABCD (3) ACBD
(4) DBCA (5) BCAD
Directions (71-80): In the following passage there are blanks.
Choose the correct answer from the given options to fill the blanks
which are numbered.
71 has marked man’s 72 progress from 73 times. Modern
medicine is built on the innovative 74 of scientists and physicians such
as Louis Pasteur. He 75 in a revolution in medicine by producing a 76
against rabies in 1880. 77 with Robert Koch, Pasteur founded 78. There
has been no 79 back 80 then.
71. (1) Discovery (2) Innovation (3) Reforms
(4) Applications (5) Interests
72. (1) amazing (2) alluring (3) alarming
(4) charming (5) exciting
73. (1) antique (2) mid-historic (3) recent
(4) remote (5) prehistoric
74. (1) fantastic (2) dilemma (3) genius
(4) brain (5) intellect
75. (1) ushered (2) projected (3) prospered
(4) thrushed (5) brushed
76. (1) injection (2) medicine (3) antidote
(4) vaccine (5) antibody
77. (1) Along (2) Also (3) Going
(4) Working (5) Enjoying
78. (1) immunology (2) pathology (3) zoology
(4) botany (5) bacteriology
79. (1) viewing (2) looking (3) seeing
(4) peeping (5) hopping
80. (1) till (2) from (3) until
(4) since (5) by
Directions (Qs. 81-90): In each of the following sentences
there are two blank spaces. Below each sentence, five pairs of
words are given. Find out the correct pair of words and fill in the
blanks.
81. The world is ___ the way it is, because it is what we wanted
to experience at some level of .
(1) wonderful, brightness
(2) perfect, consciousness
(3) famous, search
(4) okay, intelligence
(5) brilliant, dreams
82. The church of England has that it can’t allow a multifaith
ceremony for Prince Charles.
(1) decided, functional
(2) projected, wedding
(3) asserted, coronation
(4) ordered, birth
(5) allowed, dancing
83. The ___ are the poorest and most people in our cities.
(1) poor, helpless
(2) rural, hardworking
(3) workers, happy
(4) scheduled castes, strong
(5) homeless, vulnerable
84. Reform will not only help the U.N., but also contribute
to stability in Asia.
(1) revitalise, geopolitical
(2) regenerate, economic
(3) ascend, social
(4) revolutionise, political
(5) charge, general
85. Feeling the of the higher power is an .
(1) value, dream
(2) emotions, theme
(3) presence, ecstasy
(4) absence, innocence
(5) acknowledgement, accomplishment
86. All the for a robust and sustainable growth are being put
in .
(1) ingredients, place
(2) factors, striding
(3) points, list
(4) component, consideration
(5) plans, favour
87. India is firmly in the of vote bank politics. So, the for job
reservation for SC and ST in private sector will grow.
(1) gloves, greed
(2) grip, clamour
(3) hands, rush
(4) roots, need
(5) net, suicide
88. One of the secrets Gandhi gave us is that strength does
not come from bone and muscle, it comes from an will.
(1) simple, inner
(2) straight, ironical
(3) wonderful, ideal
(4) tactical, iron
(5) magnificent, indomitable
89. If disasters and are the wake up call for a world that it has
gone , then we are now in the position to acknowledge it to manifest
the world we desire to experience.
(1) peace, mad (2) wars, insane (3) famines, out
(4) tragedies, troublesome (5) mishaps, trivial
90. Inner-faith harmony requires that there is both and among
religions.
(1) value, esteem
(2) establishment, survival
(3) trust, respect
(4) harmony, co-operation
(5) co-existence, concord
Directions (Qs. 91-95): Each of the following questions
consists of a sentence. Find out whether there is any error in it.The
error, if any, will be in one part of the sentence. The number of that
part is answer. If there is no error, mark 5 as your answer. (Ignore
the errors of punctuation).
91. (1) Neither of them (2) are coming here (3) to address this
(4) large gathering. (5) No error.
92. (1) Hardly she finished (2) her duty when (3) the bell
(4) started ringing. (5) No error.
93. (1) More private companies should (2) be permit to enter
(3) into field of communication (4) to strengthen the network. (5) No
error.
94. (1) Government should severely (2) punish the persons
(3) involved in the (4) practice of female foeticide. (5) No error.
95. (1) Parents should ensure (2) and cultivate (3) reading habits
between (4) their children. (5) No error.
Directions (Qs. 96-100):These questions are based on idioms.
From among the options, choose the one that is closest in
meaning to the given idiom/phrase.
96. keep at an arm’s length:
(1) keep a good distance
(2) keep closeness
(3) avoid involvement or friendship
(4) hate
(5) give a warm welcome
97. take the bull by the horns:
(1) invite danger from an enemy
(2) prepare for unwanted situation
(3) be full of vigour
(4) face boldly
(5) None of these
98. a dark horse:
(1) a person who is not good-looking but is very good at heart
(2) a person who is specially called for an event
(3) a person having a poor reputation
(4) a person whose past is mysterious
(5) a person who is quite less known
99. pour oil on troubled waters:
(1) create a nice scenery
(2) settle down a situation
(3) aggravate matters
(4) worsen a situation
(5) create an unfavourable situation
100. to drag one’s feet:
(1) slow down deliberately
(2) lazy behaviour
(3) uninterested behaviour
(4) present opposition to someone
(5) move very quietly
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
Directions (Qs. 51-65): Read the following passage and
answer the questions below it. A few words are given in the bold
form to help easy location while answering some questions.
To some extent, it is the nature of the intellect to narrow our vision
and give it focus. Tragedy comes in when we forget this limitation and
think the intellect can comprehend things as a whole. The intellect
views the world through a slit. When a cat walks by, it observes the eye,
then fur, and then the tail, and then it infers that the eye is the cause of
the tail, unless of course, the cat was walking backward. If this sounds
absurd, some of the theories about biochemistry and behaviour use
very similar reasoning. Nachiketa would object, “Man, why don’t you
open the door? That’s just your black cat Frodo, pacing back and forth.”
But instead we usually get caught up in clarifying slit-information, even
though without a larger view our conclusions may be entirely wrong. To
make matters worse, we specialize. I am not against specialization per
se but what often happens is that we do not even look through whole
slit; we subdivide. My field is the upper part of the tail; yours is the lower.
I might even forget about the eye and the fur. My main concern will be
my debate with a colleague in Tokyo over whether hair on the tail grows
up or down. If anybody asks how the eye fits in, I refer him to another
researcher. After all, what have eyes got to do with geotropic hair
growth?
Debates like this cannot be resolved on the slit level. What is
required is to open the door; then argument becomes unnecessary.
Once the door is opened, even a little, we will not quarrel over whose slit
is correct or whether we should confine ourselves to the top of it or the
bottom. As long as we see only part of the picture, logic and
argumentation can never settle an issue. When the intellect becomes
calm and clear, theory gives way to demonstration. It is not beyond our
reach to see life whole. We have simply become so attached to this
precious slit that we think there is no higher mode of knowing. After a
while, we become so used to slits that we put on a special mask with
just a hairline crack in front of the eyes. Try walking around wearing a
mask like this and see what happens. Every little thing will fill your field
of vision.
The intellect that sees only a small corner of life makes a very poor
guide. We follow it like the blind led by the blind. I see this illustrated
every day in the newspapers. To take just one urgent example, I have
read that perhaps half a million scientists and engineers around the
world are engaged in weapons research. I have no doubt that the vast
majority of these people have no desire for war. They feel they are only
doing a job, playing a small role in an inevitable activity. Nevertheless,
this is not a defence industry, this is a half a million highly skilled men
and women preparing for war. Producing and selling instruments of war
is one of the biggest business in the world today. Even before the First
World War, George Bernard Shaw caught the spirit of the industry in the
character of undershaft in Major Barbara. Undershaft is no sinister
“merchant of death”. He is just a businessman, whose credo is to give
arms to all who offer an honest price for them, without respect of
persons or principles, to capitalist and socialist, to protestant and
catholic, to burglar and policeman, to black man, white man and yellow
man, to all sorts and conditions, all nationalities and faiths, all follies, all
causes and all crimes.
The defence-minded intellect might object, “That’s unfortunate, but
defence is necessary. Everybody has to have weapons, and somebody
is going to sell them. Here is a business that is thriving”. These sales”,
the merchant argue, “help supply allies who cannot produce needed
equipment.” Needed for what? Any school boy knows that weapons are
needed by people in order to kill each other. From the evidence, we
would have to conclude that death is a much more desirable goal than
health, education, or welfare.
Or, look at cancer. Many researchers today maintain that perhaps
seventy to ninety per cent of all human cancers are caused by
environmental agents involved in manufacturing and processing new
products. Most of these substances are relatively recent additions to our
environment. We made them, and we can cease to make them if we
choose.Yet one way or another such substances appeal to us so much
that life without them seems untenable. As a result, instead of trying to
eliminate the causes of cancer, we pour millions of dollars into what one
writer calls “the Vietnam of modern medicine”: The Search for a Cancer
Cure.
This kind of myopia is not a necessary fault of the intellect. Given
a larger picture, the intellect can rise to the occasion. Then even if the
Nobel Prize is dangled before its eyes, it will refuse to work at any
project that is at the expense of life, but will give all its attention to
matters of real urgency.
51. Which of these is true in context to the passage:
(1) humans are capable of unlimited applications of the mind
(2) whether the slit is small or large, conclusion is the same
(3) all researchers view through slit-like intellects
(4) it is not possible to view life as a whole
(5) the intellect is capable of adjustments
52. The passage is against:
(a) short-sightedness of the scientists
(b) the nature of the intellect
(c) narrowness of the intellect
(1) (a) only
(2) (b) only
(3) (a) and (b)
(4) (a) and (c)
(5) all (a), (b) and (c)
53. What should be the right approach for argumentation:
(1) to specialise in a particular field
(2) to study bio-chemistry
(3) sub-divide topics and research on them
(4) open the doors of the intellect
(5) leave attachment to our slits
54. According to the author, the intellect which sees a small
corner of life, can:
(1) lead to scientific and engineering outcomes
(2) lead to follies and crimes
(3) race for better defence
(4) cause environmental pollution
(5) lead to harmful and unwanted results
55. What leads to cancer?
(1) pre-existing environmental pollutants
(2) man-made additions to environment
(3) tasty and good-looking things
(4) modern medicines
(5) None of the above
56. The difference between narrow and broad vision is:
(1) narrow vision leads to specialisations, while broad vision does
not
(2) narrow vision leads to debates while broad vision easily
settles them
(3) narrow vision leads to desire for war while broad vision leads
to desire for defence sales
(4) narrow vision leads to greedy business while broad vision
leads to fair salesmanship
(5) narrow vision leads to Nobel prizes and broad vision refuses them
57. In context to the passage, which one of these is false:
(1) weapons are needed by nations for money
(2) weapons are needed for security reasons
(3) a person with a broad intellect would not sell weapons to all
(4) the author is against specialisations
(5) scientists all over the world are preparing for war
58. The title to the passage can be:
(1) Disasters of science
(2) Nature of the intellect
(3) Intellectual misconducts
(4) Human debates
(5) Viewing life as a whole
59. The undershaft is:
(1) a very clever businessman
(2) an intellectual businessman
(3) an immoral character
(4) the major role in Major Barbara
(5) a blindly-led intellect
Directions (Qs. 60-62): In context of the above passage
choose the word which is most similar in meaning to the given
word.
60. CREDO
(1) crime (2) credit (3) business
(4) job (5) management
61. COMPREHEND
(1) absorb (2) digest (3) guide
(4) assimilate (5) understand
62. GEOTROPIC
(1) falling to ground
(2) attracted towards earth
(3) touching the earth
(4) projected toward the earth
(5) None of these
Directions (Qs. 63-65): In context of the above passage
choose the word which is most opposite in meaning to the given
word.
63. INEVITABLE
(1) blasting (2) accidental (3) certain
(4) incidental (5) avoidable
64. MYOPIA
(1) narrowmindedness
(2) broadmindedness
(3) shortsightedness
(4) evilsightedness
(5) hypermetropia
65. UNTENABLE
(1) probable (2) cured (3) unworthy
(4) worthsome (5) pleasant
Directions (Qs. 66-70): In each of the questions below four
sentences are given which are denoted by A, B, C and D. By using
all four sentences, frame a meaningful para. Choose answer from
the five alternatives given and the correct order of the sentences
is your answer.
66. (A) India’s patent authorities are at the centre of global
attention.
(B) India’s patent law is equipped to drive out frivolous
patent seekers and to reward meritorious inventors
(C) If successful, Indian generic drug-makers may have to
pay royalties.
(D) As many MNC drug-makers have applied for patents
under India’s new product patent law
(1) ABCD (2) ADCB (3) BACD
(4) DACB (5) CABD
67. (A) What’s more, if you happen to be inching towards
retirement, your EMIs will be structured accordingly.
(B) Future credit may get customised.
(C) The next time you get a hike in your company, rest
assured your Equated Monthly Instalments (EMIs) will
go up.
(D) EMIs will now be fixed according to your affordability.
(1) DCAB (2) BCAD (3) BCDA
(4) ABCD (5) CBAD
68. (A) The Tax Return Prepares Scheme has been introduced
recently to help individuals file their income tax returns.
(B) According to this scheme, certain tax return prepares
will be specially trained.
(C) The aim is to ease the process of filing returns and
reduce the cost for tax payers.
(D) However, individuals should carefully examine this
service and its likely benefits.
(1) ABCD (2) ADCA (3) DABC
(4) BACD (5) BCAD
69. (A) There is nothing more soothing to the mind, body and
soul than being on the beach front.
(B) That’s what Archil, which buys bad loans, thinks.
(C) A little bit of business can also be thrown in such a
setting.
(D) The ARC thought of the idea of organising a workshop
on junk bonds in an exotic beach resort in Goa and has
roped in the Indian Bank’s Association.
(1) DCAB (2) ABCD (3) DACB
(4) ACBD (5) CBDA
70. (A) The financial markets in the country have provided a
wide array of such instruments.
(B) Doing business is all about managing risk.
(C) The profit and loss account is a reflection of the risk that
is dexterously handled by CFOs.
(D) Which have been seized with alacrity by the industry.
(1) BACD (2) ABCD (3) ACBD
(4) DBCA (5) BCAD
Directions (71-80): In the following passage there are blanks.
Choose the correct answer from the given options to fill the blanks
which are numbered.
71 has marked man’s 72 progress from 73 times. Modern
medicine is built on the innovative 74 of scientists and physicians such
as Louis Pasteur. He 75 in a revolution in medicine by producing a 76
against rabies in 1880. 77 with Robert Koch, Pasteur founded 78. There
has been no 79 back 80 then.
71. (1) Discovery (2) Innovation (3) Reforms
(4) Applications (5) Interests
72. (1) amazing (2) alluring (3) alarming
(4) charming (5) exciting
73. (1) antique (2) mid-historic (3) recent
(4) remote (5) prehistoric
74. (1) fantastic (2) dilemma (3) genius
(4) brain (5) intellect
75. (1) ushered (2) projected (3) prospered
(4) thrushed (5) brushed
76. (1) injection (2) medicine (3) antidote
(4) vaccine (5) antibody
77. (1) Along (2) Also (3) Going
(4) Working (5) Enjoying
78. (1) immunology (2) pathology (3) zoology
(4) botany (5) bacteriology
79. (1) viewing (2) looking (3) seeing
(4) peeping (5) hopping
80. (1) till (2) from (3) until
(4) since (5) by
Directions (Qs. 81-90): In each of the following sentences
there are two blank spaces. Below each sentence, five pairs of
words are given. Find out the correct pair of words and fill in the
blanks.
81. The world is ___ the way it is, because it is what we wanted
to experience at some level of .
(1) wonderful, brightness
(2) perfect, consciousness
(3) famous, search
(4) okay, intelligence
(5) brilliant, dreams
82. The church of England has that it can’t allow a multifaith
ceremony for Prince Charles.
(1) decided, functional
(2) projected, wedding
(3) asserted, coronation
(4) ordered, birth
(5) allowed, dancing
83. The ___ are the poorest and most people in our cities.
(1) poor, helpless
(2) rural, hardworking
(3) workers, happy
(4) scheduled castes, strong
(5) homeless, vulnerable
84. Reform will not only help the U.N., but also contribute
to stability in Asia.
(1) revitalise, geopolitical
(2) regenerate, economic
(3) ascend, social
(4) revolutionise, political
(5) charge, general
85. Feeling the of the higher power is an .
(1) value, dream
(2) emotions, theme
(3) presence, ecstasy
(4) absence, innocence
(5) acknowledgement, accomplishment
86. All the for a robust and sustainable growth are being put
in .
(1) ingredients, place
(2) factors, striding
(3) points, list
(4) component, consideration
(5) plans, favour
87. India is firmly in the of vote bank politics. So, the for job
reservation for SC and ST in private sector will grow.
(1) gloves, greed
(2) grip, clamour
(3) hands, rush
(4) roots, need
(5) net, suicide
88. One of the secrets Gandhi gave us is that strength does
not come from bone and muscle, it comes from an will.
(1) simple, inner
(2) straight, ironical
(3) wonderful, ideal
(4) tactical, iron
(5) magnificent, indomitable
89. If disasters and are the wake up call for a world that it has
gone , then we are now in the position to acknowledge it to manifest
the world we desire to experience.
(1) peace, mad (2) wars, insane (3) famines, out
(4) tragedies, troublesome (5) mishaps, trivial
90. Inner-faith harmony requires that there is both and among
religions.
(1) value, esteem
(2) establishment, survival
(3) trust, respect
(4) harmony, co-operation
(5) co-existence, concord
Directions (Qs. 91-95): Each of the following questions
consists of a sentence. Find out whether there is any error in it.The
error, if any, will be in one part of the sentence. The number of that
part is answer. If there is no error, mark 5 as your answer. (Ignore
the errors of punctuation).
91. (1) Neither of them (2) are coming here (3) to address this
(4) large gathering. (5) No error.
92. (1) Hardly she finished (2) her duty when (3) the bell
(4) started ringing. (5) No error.
93. (1) More private companies should (2) be permit to enter
(3) into field of communication (4) to strengthen the network. (5) No
error.
94. (1) Government should severely (2) punish the persons
(3) involved in the (4) practice of female foeticide. (5) No error.
95. (1) Parents should ensure (2) and cultivate (3) reading habits
between (4) their children. (5) No error.
Directions (Qs. 96-100):These questions are based on idioms.
From among the options, choose the one that is closest in
meaning to the given idiom/phrase.
96. keep at an arm’s length:
(1) keep a good distance
(2) keep closeness
(3) avoid involvement or friendship
(4) hate
(5) give a warm welcome
97. take the bull by the horns:
(1) invite danger from an enemy
(2) prepare for unwanted situation
(3) be full of vigour
(4) face boldly
(5) None of these
98. a dark horse:
(1) a person who is not good-looking but is very good at heart
(2) a person who is specially called for an event
(3) a person having a poor reputation
(4) a person whose past is mysterious
(5) a person who is quite less known
99. pour oil on troubled waters:
(1) create a nice scenery
(2) settle down a situation
(3) aggravate matters
(4) worsen a situation
(5) create an unfavourable situation
100. to drag one’s feet:
(1) slow down deliberately
(2) lazy behaviour
(3) uninterested behaviour
(4) present opposition to someone
(5) move very quietly
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
MODEL QUESTION PAPER FOR SBI PO EXAM SECTION 1 :GENERAL AWARENESS
GENERAL AWARENESS:
1. The Name of Abdul Karim Telgi is associated with:
(1) Oil for Food scam
(2) Stamp Paper scam
(3) Fodder scam
(4) MP LAD’s Fund scam
(5) Shares scam
2. Match the following books with their authors:
(A) In Line of Fire (i) Pervez Musharraf
(B) My Name is Red (ii) Orhan Pamuk
(C) Call of Honour (iii) Sagarika Ghose
(D) Blind Faith (iv) Jaswant Singh
A B C D
(1) (ii) (i) (iii) (iv)
(2) (ii) (i) (iv) (iii)
(3) (i) (iii) (iv) (ii)
(4) (iii) (i) (ii) (iv)
(5) (iv) (ii) (i) (iii)
3. Consider the following statements about Jawaharlal Nehru National Urban Renewal Mission:
(i) The budget for the scheme is approximately Rs 1000 crore.
(ii) It will cover 100 cities having population over one million.
(iii) It is aimed at infrastructure and the poor.
Which of the above is NOT true?
(1) (iii) only
(2) (i) and (ii) only
(3) (i) and (iii) only
(4) All (i), (ii) and (iii)
(5) None of the above
4. The Tarapore Committee Report is concerned with which of the following:
(1) SEZs (2) SBI (3) RBI
(4) Exim policy (5) Capital A/c convertibility
5. Out of the following options regarding the Railway Budget announcements, 2006, which of these is not true?
(1) Major railway stations will have ATMs and cybercafes
(2) Central budgetary support of nearly Rs 7500 crores
(3) AC fares brought down
(4) The railways generated resources worth Rs 13,000 crores
internally
(5) Railway safety fund was Rs 100 crores
6. Afghan President Hamid Karzai was recently awarded:
(1) Indira Gandhi prize for Peace, Disarmament and
Development, 2005
(2) Gandhi Peace Prize, 2005
(3) Right Livelihood Award, 2006
(4) Nobel Prize for Peace, 2006
(5) Mother Teresa International Award, 2006
7. Which of the following has completed 50 years in 2006?
(1) HDFC (2) RBI (3) LIC
(4) BARC (5) SBI
8. Which of these matchings of recently appointed persons is not correct?
(1) A.K. Antony—Foreign Minister
(2) M.M. Singh—Chairman of Planning Commission
(3) Sureesh Mehta—Chief of Naval Staff
(4) M. Nair—Chief of ISRO
(5) N. Gopalaswami—Chief Election Commissioner
9. What is the ‘Book of Life’ related to?
(1) Book which received Booker prize, 2006
(2) A new book on zoology
(3) A comprehensive dictionary on various life-forms on earth.
(4) The Human Genome Project
(5) Peace efforts in various nations
10. Who was recently invited by the U.N. Secretary General Kofi Annan to deliver a lecture on poverty alleviation?
(1) Anil Ambani
(2) Lalu Prasad Yadav
(3) Swami Ramdev
(4) Atal Behari Vajpayee
(5) Pandit Ravi Shankar
11. Given below is the list of Forbes’ powerful women and their fields/posts.:
(A) ICICI Bank (i) Sonia Gandhi
(B) Pepsico (ii) Lalita Gupte
(C) German Chancellor (iii) Indra Nooyi
(D) Congress Chief (iv) Angela Merkel
Which of these matchings is correct:
A B C D
1. (iii) (ii) (iv) (i)
2. (i) (ii) (iii) (iv)
3. (ii) (iii) (iv) (i)
4. (iv) (iii) (ii) (i)
5. (i) (iii) (iv) (ii)
12. Considering the Tarapore Atomic Power Plant-3, which of these facts is TRUE?
1. It has 540 MW capacity
2. It is India’s 3rd such plant
3. India’s nuclear energy capacity now goes upto 3890 MW
4. It is situated in Maharashtra
(1) All the above are true
(2) 1, 2 only are true
(3) 1, 2, 3 are true
(4) 1, 3, 4 are true
(5) Only 3, 4 are true
13. On the basic needs of LPG and kerosene, approximately how much a cylinder and a litre, did the government subsidize in early 2006?
(1) Rs 220 and Rs 12
(2) Rs 250 and Rs 20
(3) Rs 300 and Rs 30
(4) Rs 180 and Rs 10
(5) None of the above
14. The per capita income in India is estimated by:
(1) Census Commission
(2) Central Bank
(3) RBI
(4) Joint Parliamentary Committee
(5) Central Statistical Organisation
15. The Health Ministry has planned to set standards of aerated water, following the controversy between the soft-drink giants and the NGO, Centre for Science and Environment. What is the tentative period assigned for this?
(1) by December 2006
(2) by January 2007
(3) by August 2007
(4) by March 2007
(5) by December 2007
16. Roughly how many years has the economic liberalisation programme completed in India?
(1) 5 (2) 10 (3) 15
(4) 20 (5) 50
17. Which of the following is correctly matched?
1. Asit Biswas—Stockholm Water Prize
2. Chandrakanta—Vyas Samman
3. Devi Cherian—Rajiv Gandhi Rashtriya Ekta Samman
(1) 1 and 2 (2) 2 and 3 (3) Only 1
(4) Only 2 (5) 1, 2 and 3
18. Consider the following statements regarding India and tell which one is not correct:
(1) 2005 experienced a fall in total unemployment
(2) High Security Animal Disease Lab declared India free of bird
flu
(3) ULFA chairman Arbinda announced a peace truce with the
army
(4) The RBI praised SEZs for creating regional balance in the
future
(5) None of these
19. Regarding the online population of India (accessing the internet), as in mid-2006, which of the following statements is true?
(1) There were approximately 18 million users
(2) The percentage increase over previous year was 20%
(3) India has the 2nd largest online population
(4) The population was measured for people aged 18 years or
more
(5) None of these
20. NACP III can be designated as:
(1) National AIDS Control Programme
(2) National Adult Consultancy Programme
(3) National Air Craft Programme
(4) New Age Child Programme
(5) None of these
21. Match the following:
State Rank according to no. of patent applications
(A) Delhi (i) 4
(B) Andhra Pradesh (ii) 2
(C) Tamil Nadu (iii) 1
(D) Maharashtra (iv) 3
A B C D
(1) (ii) (i) (iv) (iii)
(2) (i) (ii) (iii) (iv)
(3) (i) (ii) (iv) (iii)
(4) (ii) (i) (iii) (iv)
(5) (iii) (ii) (iv) (i)
22. IAF’s recent combat exercise on the Western front was:
(1) Garuda
(2) Gagan Shakti
(3) Vayudoot
(4) Sangha Shakti
(5) Varuna
23. Consider the following happenings/programmes:
I. D. Raju has been appointed for micro-division of reservation.
II. India will host International AIDS Conference, 2012.
III. Supreme Court upheld that State domicile was needed for
contesting election to Rajya Sabha, from a State.
Which of the above statements is/are true?
(1) Only I
(2) Only I and II
(3) Only II and III
(4) Only III
(5) All of the above
24. Recently France honoured an Indian with the officer de la legion d’ honneur. The honour was bestowed on:
(1) Mukesh Ambani
(2) Amitabh Bachchan
(3) Sonia Gandhi
(4) M.M. Singh
(5) Aamir Khan
25. Match the sports events/terms:
(A) Maulana Abul Kalam Azad Trophy (i) Pankaj Advani
(B) Badminton (ii) Aparna Popat
(C) Shooting (iii) R.S. Rathore
(D) Rajiv Gandhi Khel Ratna (iv) Panjab University
A B C D
(1) (i) (ii) (iii) (iv)
(2) (iv) (iii) (ii) (i)
(3) (iv) (ii) (iii) (i)
(4) (iii) (iv) (i) (ii)
(5) (ii) (i) (iv) (iii)
26. ‘Kadima’ political party is associated with which country?
(1) Turkey (2) Kazakhstan (3) S. Arabia
(4) Israel (5) Pakistan
27. Arrange the following States in the descending order of the number of child labour—Bihar, M.P., Rajasthan, U.P.
(1) Bihar, U.P., M.P., Rajasthan
(2) U.P., Bihar, M.P., Rajasthan
(3) M.P. Rajasthan, U.P., Bihar
(4) U.P., Rajasthan, Bihar, M.P.
(5) None of the above
28. ‘Dronacharya’ award is associated with:
(1) Teaching (2) Peace (3) Science
(4) Armed Forces (5) Sports Coaches
29. Ban Ki-moon, elected as next Secretary-General of the UN, belongs to:
(1) Philippines (2) Japan (3) China
(4) South Korea (5) Thailand
30. Approximately what was the amount sent by NRIs to their fellowmen in India (in US $) in the year 2004?
(1) 10 B (2) 12 B (3) 16 B
(4) 18 B (5) 22 B
31. The venue of the World Economic Forum Meet, 2006 was:
(1) Davos (2) Manila (3) Beijing
(4) New Delhi (5) New York
32. With regard to 2006 Foreign Trade, which one of these is not true?
(1) total merchandise export in 2005-06 was nearly $ 100 B
(2) the government announced initiatives to promote exports of
handicrafts
(3) there was realisation of potential in sports good and toys
(4) the growth in merchandise exports was almost 25%
(5) there was decrease in trade deficit
33. The Rural Employment Guarantee Programme in February 2006 guarantees a minimum how many days of employment in an year?
(1) 122 (2) 120 (3) 183
(4) 100 (5) 150
34. The 104th Constitutional Amendment Bill, deals with:
(1) Panchayati Raj System
(2) Reservation to SCs, STs and OBCs in educational institutes
(3) Sixth Pay Commission
(4) Better Schemes for the Girl Child
(5) Rural Employment Guarantee
35. ‘Kalpana-I’ is actually:
(1) INSAT-2B (2) METSAT (3) PSLV
(4) EDUSAT (5) None of these
36. Approximately what per cent of the Indian population lives on $ 1 or even less a day?
(1) 25 (2) 30 (3) 35
(4) 27 (5) 22
37. The author of ‘Snow’ is:
(1) Javed Akhtar
(2) Enid Blyton
(3) Orhan Pamuk
(4) Jennifer Lopez
(5) Aishwarya Rai
38. The 10th five-year plan aims at an annual GDP growth rate of:
(1) 6% (2) 7% (3) 8%
(4) 9% (5) 10%
39. The largest electronic company in India is:
(1) Videocon (2) Philips (3) National
(4) TCL (5) BPL
40. The terms Grameen Bank and Microcredit are associated with:
(1) Manmohan Singh
(2) Mulayam Singh Yadav
(3) Bill Gates
(4) Aung San Su Ki
(5) Muhammad Yunus
41. In the year 2005, the per cent increase in Foreign Direct Investment in India was:
(1) 20 (2) 25 (3) 15
(4) 10 (5) 30
42. Which one is India’s Ist LPG powered car?
(1) Tatan Indigo
(2) Tata Indica
(3) Maruti 800
(4) Maruti Alto
(5) Maruti WagonR Duo
43. What is the new monthly salary of an MP?
(1) Rs 16,000
(2) Rs 14,000
(3) Rs 12,000
(4) Rs 15,000
(5) Rs 13,000
44. Which State is planning to have a port in another State?
(1) Jharkhand
(2) Andhra Pradesh
(3) Uttaranchal
(4) Bihar
(5) Rajasthan
45. Who is the highest paid Indian brand ambassador?
(1) Saurav Ganguli
(2) Sachin Tendulkar
(3) Mahendra Singh Dhoni
(4) Yuvraj Singh
(5) Kapil Dev
46. The J.L. Nehru Centre for Advanced Scientific Research was recently in the news because of:
(1) success in DNA coding
(2) Ist nano-technology lab in India
(3) ultra modern scientific courses in India
(4) international meeting of scientists
(5) None of these
47. Karvar, Sasan, Akaltara, Mudra and Ratnagiri are the sites proposed for:
(1) archaeological survey
(2) special economic zones
(3) ultra-mega power plants
(4) test sites for Indian missiles
(5) hydroelectric power projects
48. The purpose of designing MSCI indices is:
(1) to eliminate poverty from all the nations
(2) to encourage international trade
(3) to assist UNO in economic projects
(4) to study national incomes of various countries
(5) to measure stock market performances worldwide
49. New names were proposed for a few cities in South India. which of these is not correctly matched?
1. Bangalooru—Bangalore,
2. Mysooru—Mysore,
3. Pondichooru—Pondicherry
(1) Only 1 (2) 3 only (3)2 only
(4)1 and 2 (5) None of these
50. India’s new Chief of Naval Staff is:
(1) Sureesh Mehta
(2) Piyush Pandey
(3) N. Gopalaswamy
(4) Pranab Mukherjee
(5) Pratyush Sinha
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
1. The Name of Abdul Karim Telgi is associated with:
(1) Oil for Food scam
(2) Stamp Paper scam
(3) Fodder scam
(4) MP LAD’s Fund scam
(5) Shares scam
2. Match the following books with their authors:
(A) In Line of Fire (i) Pervez Musharraf
(B) My Name is Red (ii) Orhan Pamuk
(C) Call of Honour (iii) Sagarika Ghose
(D) Blind Faith (iv) Jaswant Singh
A B C D
(1) (ii) (i) (iii) (iv)
(2) (ii) (i) (iv) (iii)
(3) (i) (iii) (iv) (ii)
(4) (iii) (i) (ii) (iv)
(5) (iv) (ii) (i) (iii)
3. Consider the following statements about Jawaharlal Nehru National Urban Renewal Mission:
(i) The budget for the scheme is approximately Rs 1000 crore.
(ii) It will cover 100 cities having population over one million.
(iii) It is aimed at infrastructure and the poor.
Which of the above is NOT true?
(1) (iii) only
(2) (i) and (ii) only
(3) (i) and (iii) only
(4) All (i), (ii) and (iii)
(5) None of the above
4. The Tarapore Committee Report is concerned with which of the following:
(1) SEZs (2) SBI (3) RBI
(4) Exim policy (5) Capital A/c convertibility
5. Out of the following options regarding the Railway Budget announcements, 2006, which of these is not true?
(1) Major railway stations will have ATMs and cybercafes
(2) Central budgetary support of nearly Rs 7500 crores
(3) AC fares brought down
(4) The railways generated resources worth Rs 13,000 crores
internally
(5) Railway safety fund was Rs 100 crores
6. Afghan President Hamid Karzai was recently awarded:
(1) Indira Gandhi prize for Peace, Disarmament and
Development, 2005
(2) Gandhi Peace Prize, 2005
(3) Right Livelihood Award, 2006
(4) Nobel Prize for Peace, 2006
(5) Mother Teresa International Award, 2006
7. Which of the following has completed 50 years in 2006?
(1) HDFC (2) RBI (3) LIC
(4) BARC (5) SBI
8. Which of these matchings of recently appointed persons is not correct?
(1) A.K. Antony—Foreign Minister
(2) M.M. Singh—Chairman of Planning Commission
(3) Sureesh Mehta—Chief of Naval Staff
(4) M. Nair—Chief of ISRO
(5) N. Gopalaswami—Chief Election Commissioner
9. What is the ‘Book of Life’ related to?
(1) Book which received Booker prize, 2006
(2) A new book on zoology
(3) A comprehensive dictionary on various life-forms on earth.
(4) The Human Genome Project
(5) Peace efforts in various nations
10. Who was recently invited by the U.N. Secretary General Kofi Annan to deliver a lecture on poverty alleviation?
(1) Anil Ambani
(2) Lalu Prasad Yadav
(3) Swami Ramdev
(4) Atal Behari Vajpayee
(5) Pandit Ravi Shankar
11. Given below is the list of Forbes’ powerful women and their fields/posts.:
(A) ICICI Bank (i) Sonia Gandhi
(B) Pepsico (ii) Lalita Gupte
(C) German Chancellor (iii) Indra Nooyi
(D) Congress Chief (iv) Angela Merkel
Which of these matchings is correct:
A B C D
1. (iii) (ii) (iv) (i)
2. (i) (ii) (iii) (iv)
3. (ii) (iii) (iv) (i)
4. (iv) (iii) (ii) (i)
5. (i) (iii) (iv) (ii)
12. Considering the Tarapore Atomic Power Plant-3, which of these facts is TRUE?
1. It has 540 MW capacity
2. It is India’s 3rd such plant
3. India’s nuclear energy capacity now goes upto 3890 MW
4. It is situated in Maharashtra
(1) All the above are true
(2) 1, 2 only are true
(3) 1, 2, 3 are true
(4) 1, 3, 4 are true
(5) Only 3, 4 are true
13. On the basic needs of LPG and kerosene, approximately how much a cylinder and a litre, did the government subsidize in early 2006?
(1) Rs 220 and Rs 12
(2) Rs 250 and Rs 20
(3) Rs 300 and Rs 30
(4) Rs 180 and Rs 10
(5) None of the above
14. The per capita income in India is estimated by:
(1) Census Commission
(2) Central Bank
(3) RBI
(4) Joint Parliamentary Committee
(5) Central Statistical Organisation
15. The Health Ministry has planned to set standards of aerated water, following the controversy between the soft-drink giants and the NGO, Centre for Science and Environment. What is the tentative period assigned for this?
(1) by December 2006
(2) by January 2007
(3) by August 2007
(4) by March 2007
(5) by December 2007
16. Roughly how many years has the economic liberalisation programme completed in India?
(1) 5 (2) 10 (3) 15
(4) 20 (5) 50
17. Which of the following is correctly matched?
1. Asit Biswas—Stockholm Water Prize
2. Chandrakanta—Vyas Samman
3. Devi Cherian—Rajiv Gandhi Rashtriya Ekta Samman
(1) 1 and 2 (2) 2 and 3 (3) Only 1
(4) Only 2 (5) 1, 2 and 3
18. Consider the following statements regarding India and tell which one is not correct:
(1) 2005 experienced a fall in total unemployment
(2) High Security Animal Disease Lab declared India free of bird
flu
(3) ULFA chairman Arbinda announced a peace truce with the
army
(4) The RBI praised SEZs for creating regional balance in the
future
(5) None of these
19. Regarding the online population of India (accessing the internet), as in mid-2006, which of the following statements is true?
(1) There were approximately 18 million users
(2) The percentage increase over previous year was 20%
(3) India has the 2nd largest online population
(4) The population was measured for people aged 18 years or
more
(5) None of these
20. NACP III can be designated as:
(1) National AIDS Control Programme
(2) National Adult Consultancy Programme
(3) National Air Craft Programme
(4) New Age Child Programme
(5) None of these
21. Match the following:
State Rank according to no. of patent applications
(A) Delhi (i) 4
(B) Andhra Pradesh (ii) 2
(C) Tamil Nadu (iii) 1
(D) Maharashtra (iv) 3
A B C D
(1) (ii) (i) (iv) (iii)
(2) (i) (ii) (iii) (iv)
(3) (i) (ii) (iv) (iii)
(4) (ii) (i) (iii) (iv)
(5) (iii) (ii) (iv) (i)
22. IAF’s recent combat exercise on the Western front was:
(1) Garuda
(2) Gagan Shakti
(3) Vayudoot
(4) Sangha Shakti
(5) Varuna
23. Consider the following happenings/programmes:
I. D. Raju has been appointed for micro-division of reservation.
II. India will host International AIDS Conference, 2012.
III. Supreme Court upheld that State domicile was needed for
contesting election to Rajya Sabha, from a State.
Which of the above statements is/are true?
(1) Only I
(2) Only I and II
(3) Only II and III
(4) Only III
(5) All of the above
24. Recently France honoured an Indian with the officer de la legion d’ honneur. The honour was bestowed on:
(1) Mukesh Ambani
(2) Amitabh Bachchan
(3) Sonia Gandhi
(4) M.M. Singh
(5) Aamir Khan
25. Match the sports events/terms:
(A) Maulana Abul Kalam Azad Trophy (i) Pankaj Advani
(B) Badminton (ii) Aparna Popat
(C) Shooting (iii) R.S. Rathore
(D) Rajiv Gandhi Khel Ratna (iv) Panjab University
A B C D
(1) (i) (ii) (iii) (iv)
(2) (iv) (iii) (ii) (i)
(3) (iv) (ii) (iii) (i)
(4) (iii) (iv) (i) (ii)
(5) (ii) (i) (iv) (iii)
26. ‘Kadima’ political party is associated with which country?
(1) Turkey (2) Kazakhstan (3) S. Arabia
(4) Israel (5) Pakistan
27. Arrange the following States in the descending order of the number of child labour—Bihar, M.P., Rajasthan, U.P.
(1) Bihar, U.P., M.P., Rajasthan
(2) U.P., Bihar, M.P., Rajasthan
(3) M.P. Rajasthan, U.P., Bihar
(4) U.P., Rajasthan, Bihar, M.P.
(5) None of the above
28. ‘Dronacharya’ award is associated with:
(1) Teaching (2) Peace (3) Science
(4) Armed Forces (5) Sports Coaches
29. Ban Ki-moon, elected as next Secretary-General of the UN, belongs to:
(1) Philippines (2) Japan (3) China
(4) South Korea (5) Thailand
30. Approximately what was the amount sent by NRIs to their fellowmen in India (in US $) in the year 2004?
(1) 10 B (2) 12 B (3) 16 B
(4) 18 B (5) 22 B
31. The venue of the World Economic Forum Meet, 2006 was:
(1) Davos (2) Manila (3) Beijing
(4) New Delhi (5) New York
32. With regard to 2006 Foreign Trade, which one of these is not true?
(1) total merchandise export in 2005-06 was nearly $ 100 B
(2) the government announced initiatives to promote exports of
handicrafts
(3) there was realisation of potential in sports good and toys
(4) the growth in merchandise exports was almost 25%
(5) there was decrease in trade deficit
33. The Rural Employment Guarantee Programme in February 2006 guarantees a minimum how many days of employment in an year?
(1) 122 (2) 120 (3) 183
(4) 100 (5) 150
34. The 104th Constitutional Amendment Bill, deals with:
(1) Panchayati Raj System
(2) Reservation to SCs, STs and OBCs in educational institutes
(3) Sixth Pay Commission
(4) Better Schemes for the Girl Child
(5) Rural Employment Guarantee
35. ‘Kalpana-I’ is actually:
(1) INSAT-2B (2) METSAT (3) PSLV
(4) EDUSAT (5) None of these
36. Approximately what per cent of the Indian population lives on $ 1 or even less a day?
(1) 25 (2) 30 (3) 35
(4) 27 (5) 22
37. The author of ‘Snow’ is:
(1) Javed Akhtar
(2) Enid Blyton
(3) Orhan Pamuk
(4) Jennifer Lopez
(5) Aishwarya Rai
38. The 10th five-year plan aims at an annual GDP growth rate of:
(1) 6% (2) 7% (3) 8%
(4) 9% (5) 10%
39. The largest electronic company in India is:
(1) Videocon (2) Philips (3) National
(4) TCL (5) BPL
40. The terms Grameen Bank and Microcredit are associated with:
(1) Manmohan Singh
(2) Mulayam Singh Yadav
(3) Bill Gates
(4) Aung San Su Ki
(5) Muhammad Yunus
41. In the year 2005, the per cent increase in Foreign Direct Investment in India was:
(1) 20 (2) 25 (3) 15
(4) 10 (5) 30
42. Which one is India’s Ist LPG powered car?
(1) Tatan Indigo
(2) Tata Indica
(3) Maruti 800
(4) Maruti Alto
(5) Maruti WagonR Duo
43. What is the new monthly salary of an MP?
(1) Rs 16,000
(2) Rs 14,000
(3) Rs 12,000
(4) Rs 15,000
(5) Rs 13,000
44. Which State is planning to have a port in another State?
(1) Jharkhand
(2) Andhra Pradesh
(3) Uttaranchal
(4) Bihar
(5) Rajasthan
45. Who is the highest paid Indian brand ambassador?
(1) Saurav Ganguli
(2) Sachin Tendulkar
(3) Mahendra Singh Dhoni
(4) Yuvraj Singh
(5) Kapil Dev
46. The J.L. Nehru Centre for Advanced Scientific Research was recently in the news because of:
(1) success in DNA coding
(2) Ist nano-technology lab in India
(3) ultra modern scientific courses in India
(4) international meeting of scientists
(5) None of these
47. Karvar, Sasan, Akaltara, Mudra and Ratnagiri are the sites proposed for:
(1) archaeological survey
(2) special economic zones
(3) ultra-mega power plants
(4) test sites for Indian missiles
(5) hydroelectric power projects
48. The purpose of designing MSCI indices is:
(1) to eliminate poverty from all the nations
(2) to encourage international trade
(3) to assist UNO in economic projects
(4) to study national incomes of various countries
(5) to measure stock market performances worldwide
49. New names were proposed for a few cities in South India. which of these is not correctly matched?
1. Bangalooru—Bangalore,
2. Mysooru—Mysore,
3. Pondichooru—Pondicherry
(1) Only 1 (2) 3 only (3)2 only
(4)1 and 2 (5) None of these
50. India’s new Chief of Naval Staff is:
(1) Sureesh Mehta
(2) Piyush Pandey
(3) N. Gopalaswamy
(4) Pranab Mukherjee
(5) Pratyush Sinha
DOWNLOAD MODEL QUESTION PAPER FOR SBI PO EXAM WITH ANSWERS AND EXPLANATIONS
Sunday, October 5, 2008
EXPERIENCE POWER DEMAT
As a customer of SBI, you deserve nothing but the very best, which is why SBI proud to present to you the all new Power Demat Account that offers you the following features:
Customer Care:
You can now call SBI Dedicated Demat Customer Care 24x7 at 1800 22 04 88 (MTNL and BSNL Toll Free) or (022)26592123 and rest assured that all your queries are taken care of.
Transact Anywhere:
Now operate your Demat Account from any of the 500 plus Demat enabled branches of SBI.
Statements By E-Mail:
Receive your account statement and bill by e-mail.
‘Demat Services’ Online:
This convenient and paper free facility lets you operate from the comfort of your home or office through SBI’s Internet Banking Facility – www.onlinesbi.com
1. Online Demat Statements: You can now view your Demat Account details, statement of holdings, statement of transactions and statement of billing online.
2. Order Delivery Instructions Booklet Online: No queues at branches anymore as you can now order your Delivery Instructions Booklet online and the same would be delivered at your doorstep.
3. Check ISINs, Settlement Calendar And Status Of Requests Online
4. eZ-instructions*: You can transfer or pledge/ unpledge securities online anyplace, anytime.
5. Mobile Alerts*: Receive SMS alerts for all debits/ credits as well as for any request which cannot be processed.
eZ-Trade@Sbi: Online Trading Facility in alliance with SBICap Securities Limited and Motilal Oswal Securities Limited. This service provides you with a 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c to give you a convenient and paper free trading experience.
Customer Care:
You can now call SBI Dedicated Demat Customer Care 24x7 at 1800 22 04 88 (MTNL and BSNL Toll Free) or (022)26592123 and rest assured that all your queries are taken care of.
Transact Anywhere:
Now operate your Demat Account from any of the 500 plus Demat enabled branches of SBI.
Statements By E-Mail:
Receive your account statement and bill by e-mail.
‘Demat Services’ Online:
This convenient and paper free facility lets you operate from the comfort of your home or office through SBI’s Internet Banking Facility – www.onlinesbi.com
1. Online Demat Statements: You can now view your Demat Account details, statement of holdings, statement of transactions and statement of billing online.
2. Order Delivery Instructions Booklet Online: No queues at branches anymore as you can now order your Delivery Instructions Booklet online and the same would be delivered at your doorstep.
3. Check ISINs, Settlement Calendar And Status Of Requests Online
4. eZ-instructions*: You can transfer or pledge/ unpledge securities online anyplace, anytime.
5. Mobile Alerts*: Receive SMS alerts for all debits/ credits as well as for any request which cannot be processed.
eZ-Trade@Sbi: Online Trading Facility in alliance with SBICap Securities Limited and Motilal Oswal Securities Limited. This service provides you with a 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c to give you a convenient and paper free trading experience.
ONLINE TRADING
State Bank of India (SBI) now introduces you to a State-Of-Art broking predominantly to cater to every broking need and offers a truly world class experience of online investing –anyplace, anytime. Buying and selling of shares is now just a click away.
SBI value proposition is based on Unmatched Expertise, State-Of-Art Technology And Operational Ease that will redefine the way india trades. With SBI you have the power of research expertise to aid you in making the right decisions, operational ease allowing you to seamlessly execute your transactions, timely advice that helps you pick the right opportunities and a customized trading experience to suit your needs and demands. So go ahead and enjoy yourfast, easy and hassle-free trading experience with the india’s largest bank.
State Bank of India in alliance with SBICap Securities Limited and Motilal Oswal Securities Limited now offers you an online trading account which will let you trade from the comfort of your home or office either through the internet. This service provides you with a 3-in1 account which is an integrated platform of savings bank a/c, demat a/c and an online trading a/c to give you a convenient and paper free trading experience under one roof.
SBI value proposition is based on Unmatched Expertise, State-Of-Art Technology And Operational Ease that will redefine the way india trades. With SBI you have the power of research expertise to aid you in making the right decisions, operational ease allowing you to seamlessly execute your transactions, timely advice that helps you pick the right opportunities and a customized trading experience to suit your needs and demands. So go ahead and enjoy yourfast, easy and hassle-free trading experience with the india’s largest bank.
State Bank of India in alliance with SBICap Securities Limited and Motilal Oswal Securities Limited now offers you an online trading account which will let you trade from the comfort of your home or office either through the internet. This service provides you with a 3-in1 account which is an integrated platform of savings bank a/c, demat a/c and an online trading a/c to give you a convenient and paper free trading experience under one roof.
ACCESS ACCOUNT ONLINE
If you have linked your Demat Account to your Internet Banking Account, please log in to Access Account Online.
You can view your SBI Demat Account online on www . onlinesbi . com All you need to do is to link your Demat Account to your existing Internet Banking UserID.
By default your holding for the account appearing on the top in My Accounts page will be displayed. In addition to this and links available in non-logged in section you can also view:
Account Details
Holding Details
Statement Of Transaction
Billing Statement
Status Of Requests
ISIN lookup
Settlement Calendar
Online Instructions - Transfer Shares Online
To Pre-Notified Target Accounts
Request DIS Booklet
OnlineAccount Details:
Provides your account related information like BO/Client Id, PAN No, Joint Holders Name, Account Type, Bank Account Details, Nominee Details etc. for a given BO/Client Id.
Holding Details:
Gives the details of the all scrips (description and ISIN) held in dematerialised form along with information on the status of the holdings like Current, Free, Frozen, Pledge, Lockin, Earmark, Pending Demat and Pending Remat.
Statement of Transaction:
You can view your transaction in your account by choosing date range. The results would display information about the description of the scrip alongwith the date of credit or debit and the resultant balance available.
Billing Statement:
You can view your transaction in your account by choosing date range. The results would display information about the description of the scrip alongwith the date of credit or debit and the resultant balance available.
Status of Requests:
You can also view status of your transactions by using Status of Requests by specifying the Transaction Type and Date Range.
ISIN lookup:
In case you are not aware about the ISIN no. of particular scrip you can search for the same. Just enter first few characters of the ISIN of the security and click on submit. A pop-up would display the results and you can select the ISIN from the list.
Settlement calendar:
Informs you about payin and payout date for a settlement on all the exchanges electronically connected to NSDL. The facility keeps you updated on settlement cycle & delivery cycle for a given settlement.
DIS Booklet Request:
You can request for physical DIS booklets using "DIS Booklet Request" link. You can select the booklets and the booklet size you require and personalized booklet of for the account will be delivered to your door step by courier.
eZ-Instructions:
One of the unique features of SBI Demat Services on www.onlinesbi.com is eZ-Instructions. This is a facility that allows you to submit Delivery and Pledge instructions from the comfort of your home / office to five pre-notified target accounts.
You can view your SBI Demat Account online on www . onlinesbi . com All you need to do is to link your Demat Account to your existing Internet Banking UserID.
By default your holding for the account appearing on the top in My Accounts page will be displayed. In addition to this and links available in non-logged in section you can also view:
Account Details
Holding Details
Statement Of Transaction
Billing Statement
Status Of Requests
ISIN lookup
Settlement Calendar
Online Instructions - Transfer Shares Online
To Pre-Notified Target Accounts
Request DIS Booklet
OnlineAccount Details:
Provides your account related information like BO/Client Id, PAN No, Joint Holders Name, Account Type, Bank Account Details, Nominee Details etc. for a given BO/Client Id.
Holding Details:
Gives the details of the all scrips (description and ISIN) held in dematerialised form along with information on the status of the holdings like Current, Free, Frozen, Pledge, Lockin, Earmark, Pending Demat and Pending Remat.
Statement of Transaction:
You can view your transaction in your account by choosing date range. The results would display information about the description of the scrip alongwith the date of credit or debit and the resultant balance available.
Billing Statement:
You can view your transaction in your account by choosing date range. The results would display information about the description of the scrip alongwith the date of credit or debit and the resultant balance available.
Status of Requests:
You can also view status of your transactions by using Status of Requests by specifying the Transaction Type and Date Range.
ISIN lookup:
In case you are not aware about the ISIN no. of particular scrip you can search for the same. Just enter first few characters of the ISIN of the security and click on submit. A pop-up would display the results and you can select the ISIN from the list.
Settlement calendar:
Informs you about payin and payout date for a settlement on all the exchanges electronically connected to NSDL. The facility keeps you updated on settlement cycle & delivery cycle for a given settlement.
DIS Booklet Request:
You can request for physical DIS booklets using "DIS Booklet Request" link. You can select the booklets and the booklet size you require and personalized booklet of for the account will be delivered to your door step by courier.
eZ-Instructions:
One of the unique features of SBI Demat Services on www.onlinesbi.com is eZ-Instructions. This is a facility that allows you to submit Delivery and Pledge instructions from the comfort of your home / office to five pre-notified target accounts.
ACCOUNT OPENING
To enroll for SBI Demat Services you will have to open the following accounts:
· Bank Account with a Core Branch of State Bank of India
· Demat Account on Centralized DP of State Bank of India
To open a 3-in-1 account with SBI you can choose to open an online Trading Account with SBICap Securities Limited or Motilal Oswal Securities Ltd
List of Documents Required (Resident - Individual)
The following are the list of documents required:
a. Proof of identity – Copy of PAN Card
b. Proof of Address – Copy of any one of the following (Self Attested)
Passport
Ration card
Voter’s ID
Driving license
Electricity bill (not more than 2 months old)
Landline Telephone Bill (not more than 2 months old)
Bank Pass Book
c. Bank Proof – Copy of Bank Pass Book or Personalized Cheque leaf (For Existing Bank Account Holders Only)
d. Photograph – Recent passport-size photograph
Account Opening Intimation
After the Demat account form is duly filled and submitted, you will receive a welcome kit containing within 10 working days.
The welcome kit will contain the following:
A welcome letter containing details pertaining to your account.
A product manual on “Demat Services”, to help you get started.
Delivery Instruction Slips and Client master list
· A leaflet on product features detailing the advantages of the online trading platform.
Your Demat Account number will be intimated to you by e-mail/ SMS if the mail-id/ mobile phone no. is written on the application form and also by courier or by post.
· Bank Account with a Core Branch of State Bank of India
· Demat Account on Centralized DP of State Bank of India
To open a 3-in-1 account with SBI you can choose to open an online Trading Account with SBICap Securities Limited or Motilal Oswal Securities Ltd
List of Documents Required (Resident - Individual)
The following are the list of documents required:
a. Proof of identity – Copy of PAN Card
b. Proof of Address – Copy of any one of the following (Self Attested)
Passport
Ration card
Voter’s ID
Driving license
Electricity bill (not more than 2 months old)
Landline Telephone Bill (not more than 2 months old)
Bank Pass Book
c. Bank Proof – Copy of Bank Pass Book or Personalized Cheque leaf (For Existing Bank Account Holders Only)
d. Photograph – Recent passport-size photograph
Account Opening Intimation
After the Demat account form is duly filled and submitted, you will receive a welcome kit containing within 10 working days.
The welcome kit will contain the following:
A welcome letter containing details pertaining to your account.
A product manual on “Demat Services”, to help you get started.
Delivery Instruction Slips and Client master list
· A leaflet on product features detailing the advantages of the online trading platform.
Your Demat Account number will be intimated to you by e-mail/ SMS if the mail-id/ mobile phone no. is written on the application form and also by courier or by post.
DEMAT SERVICES
SBI offers Demat services that would ensure free transferability of securities with speed, accuracy and security.
SBI is Depository Participant both with - National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL) through more than 1000 branches -
Features & Benefits
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:
Account Maintenance & Safe custody:
Facilitates Maintaining Security Balance in electronic form.Dematerialization:
Facilitates converting physical share certificate into electronic balances.Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers:
Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
Pledge/Hypothecation:
Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer:
Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.
Disbursement of corporate benefits:
Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
Security Lending:
Facilitates earning extra income on your dematerialized holdings by the way of securities lending.
In fact what makes scripless holding in SBI DP account most attractive is the total ease of operation.
Once you open your account, you can easily convert your physical holdings to paperless form by surrendering your share certificate together with a Demat request form. Thereafter, on selling / purchasing securities, you only need to give an appropriate instruction to effect settlement.
SBI is Depository Participant both with - National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL) through more than 1000 branches -
Features & Benefits
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:
Account Maintenance & Safe custody:
Facilitates Maintaining Security Balance in electronic form.Dematerialization:
Facilitates converting physical share certificate into electronic balances.Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers:
Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
Pledge/Hypothecation:
Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer:
Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.
Disbursement of corporate benefits:
Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
Security Lending:
Facilitates earning extra income on your dematerialized holdings by the way of securities lending.
In fact what makes scripless holding in SBI DP account most attractive is the total ease of operation.
Once you open your account, you can easily convert your physical holdings to paperless form by surrendering your share certificate together with a Demat request form. Thereafter, on selling / purchasing securities, you only need to give an appropriate instruction to effect settlement.
Saturday, October 4, 2008
FAQ - SBI GOLD INTERNATIONAL DEBIT CARD
Verified by Visa FAQs
1. How does ‘Verified by VISA’ work?
Verified by Visa provides you with a password to protect your online transactions, just like you use your PIN at an ATM. Here are the steps:
Select the goods or services you want from a Verified by Visa online store and proceed to the payment page.
Enter your SBI Visa Card number and the online store will connect with SBI to check whether your Card is secured with Verified by Visa.
An SBI Verified by Visa pop-up window appears on your computer screen that includes your Personal Message.
Look for and confirm your Personal Message, then enter your password. SBI will then confirm your identity to the merchant.
Your payment is authorised and your order is placed. It’s that simple!
2. How do I register my SBI Gold International Debit Card for the facility?
You need to register for the service through the SBI website or you can do so while shopping, by using your ATM PIN.
3. Can I register with my existing SBI Gold International Debit Card or do I need to apply for a new one?
You can register with any of your SBI VISA Gold International Debit Cards.
4. Can I register with more than one SBI VISA Gold International Debit Card?
Yes, you can register with any of your SBI Gold International Debit Cards.
5. After I register, how long does it take for Verified by Visa to become active on my Card?
The registration process is completely online and instantly completed. Your 'Registration Successful' message is displayed at the end of the registration process and you can start using the facility to shop securely on any VbV enabled Internet website straightaway.
6. What is a Personal Message?
When you register for Verified by Visa, you may be asked to create a Personal Message. When you pay online, always look for this Personal Message to ensure that SBI is authenticating you.
7. How will the online store know that I have Verified by Visa?
Participating online stores will automatically recognise your SBI VISA Gold International Debit Card number if you have registered it for Verified by Visa.
8. How will I know the online store is Verified by Visa compliant?
A VbV enabled online store will always have the Verified by Visa logo displayed in the payment page.
9. Can I register any of my SBI Gold International Debit Cards for the VbV facility?
No. The facility is available only for SBI VISA GOLD INTERNATIONAL DEBIT CARDS ISSUED BY SBI.
FAQ - SENIOR CITIZEN SAVINGS SCHEME, 2004
Q.Can a joint account be opened with any person?
A.The account can be opened jointly with spouse only.
Q.What should be the age of spouse in case of a joint account?
A.In case of a joint account, age of 1st applicant / depositor is the only factor to decide the eligibility to invest under the scheme. There is no age bar/limit for the 2nd applicant / joint holder
Q.Share of the joint account holder in the deposit in an account?
A.The whole amount of investment in an account under the scheme is attributed to the 1st applicant / Depositor only. Question of any share of the 2nd applicant / joint account holder (Spouse), therefore, does not arise.
Q.In case the depositor does not close the account on maturity and also not extend the account for a period of three years within a period of one year after maturity, how, the interest is to be calculated / paid after the maturity period?
A.The account shall be treated as matured and post maturity interest at the rate applicable to the deposits under Post Office Savings Accounts from time to time, shall only be admissible for the period beyond maturity in accordance with the rules. The amount of excess interest paid (at higher rate applicable to the deposits under SCSS) after maturity shall be deducted.
Q.Whether any Income Tax rebate / exemption is admissible?
A.No Income / Wealth Tax rebate and/or exemption is admissible under the scheme. The existing Income Tax provisions shall apply.
Q.Whether 'A' can open a joint account with his/her Spouse 'B' with maximum admissible deposits of Rs.15 lakhs and similarly 'B' can open another account individually or jointly with 'A', with any amount of deposit.?
A.Yes. Both the Spouses can open individual and/or joint accounts with each other with the maximum deposits upto Rs.15 Lakh each, provided both are individually eligible to invest under relevant provisions of the rules governing the scheme.
Q.Whether new savings account is required to be opened for getting the interest credited periodically?
A.No such requirement is specified. The Depositors may get their interest, due on the deposits under the scheme, credited to their existing saving account (s), at the deposit office where their account may be single or joint, subject to the condition that the maximum limit of balance specified, if any, in the saving account, is not crossed by credit of the interest.
Q.Multiple withdrawals, as per requirements of the depositor, may be permitted?
A.No. There is, however, no bar on the depositors for opening of new/multiple accounts within the overall ceiling of Rs.15 lakh.
Q.Whether any fee is to be charged for nomination and/or change/cancellation of nomination? A.No such fee has been specified.
FAQ - E-PAY
Q. What is e-Pay?
A. e-Pay is online bill payment services, launched by SBI.
Q. Who can use this service?
A. All internet banking individual customers at selected centres having savings/ current accounts with transaction rights, can use this service.
Q. How does it benefit me?
A. It enables you to (i) view/ pay (ii) schedule (iii) auto pay and (iv) view bills paid online.
Q. What types of bills can I pay using this service?
A. You can pay your telephone, electricity, mobile bills over internet, for exact details of billers of your city please logon to your account on www . onlinesbi .com
Q. How do I start using the service?
A. If you are an internet banking customer, logon to your account, register for the service and give biller details from the recently paid bill. Your next bill will be presented to you over internet.
Q. What should I do, if, I am not internet banking customer?
A. Please register for internet banking and e-Pay, forms available at the branch.
Q. What is auto pay and scheduled payments?
A. Auto pay- If you select auto pay for a biller, the bills up to the limit specified by you will be automatically paid without reference to you, subject to availability of funds in your account. These instructions are to be reissued by you after one year, you may choose to cancel the instruction earlier also.
Scheduled Payments: You may choose to pay a bill on a later date i.e. schedule it for payment. You may cancel a scheduled payment before it has been paid.
Q. Do I get a receipt on payment of the bill?
A. You will be issued a Transaction ID (TID No.) on payment of the bill, please use this for future reference.
Q. Do I continue to get bills in physical form?
A. Depending on terms of your biller, you may continue to get hard copy of bill(s).
Q. What should I do, if the payment made by me has not been accounted for my biller?
A. Please contact your branch, with the TID No., the branch will get in touch with the appropriate authorities to resolve the issue.
Q. Can I pay bills of other persons also?
A. Yes, you may pay bills of your company, spouse, children etc.
Q. What about privacy of my transactions?
A. We value your privacy and details of your transactions will be protected as per laws of the land.
Q. What about safety of my transactions over internet?
A. The site has been certified as secure site by Verisign.
Q. Can I pay an amount less than the bill amount?
A. If your biller accepts an amount less than the bill amount, you can pay less than the bill amount.
Q. Can I pay bills on due date?
A. You have to pay your bills 2 working days prior to the due date mentioned by the biller e.g. if due date mentioned by biller is say 24th March, you should give instructions for payment on 21st March.
Q. Do I need to give payment instructions during working hours of my branch?
A. The service is 24x7 service, you can give payment instructions from any where, any time.
Q. If I have further queries where do I contact?
A. SBI branches will be happy to answer your queries, you may also contact the call center at 1600-112211.
A. e-Pay is online bill payment services, launched by SBI.
Q. Who can use this service?
A. All internet banking individual customers at selected centres having savings/ current accounts with transaction rights, can use this service.
Q. How does it benefit me?
A. It enables you to (i) view/ pay (ii) schedule (iii) auto pay and (iv) view bills paid online.
Q. What types of bills can I pay using this service?
A. You can pay your telephone, electricity, mobile bills over internet, for exact details of billers of your city please logon to your account on www . onlinesbi .com
Q. How do I start using the service?
A. If you are an internet banking customer, logon to your account, register for the service and give biller details from the recently paid bill. Your next bill will be presented to you over internet.
Q. What should I do, if, I am not internet banking customer?
A. Please register for internet banking and e-Pay, forms available at the branch.
Q. What is auto pay and scheduled payments?
A. Auto pay- If you select auto pay for a biller, the bills up to the limit specified by you will be automatically paid without reference to you, subject to availability of funds in your account. These instructions are to be reissued by you after one year, you may choose to cancel the instruction earlier also.
Scheduled Payments: You may choose to pay a bill on a later date i.e. schedule it for payment. You may cancel a scheduled payment before it has been paid.
Q. Do I get a receipt on payment of the bill?
A. You will be issued a Transaction ID (TID No.) on payment of the bill, please use this for future reference.
Q. Do I continue to get bills in physical form?
A. Depending on terms of your biller, you may continue to get hard copy of bill(s).
Q. What should I do, if the payment made by me has not been accounted for my biller?
A. Please contact your branch, with the TID No., the branch will get in touch with the appropriate authorities to resolve the issue.
Q. Can I pay bills of other persons also?
A. Yes, you may pay bills of your company, spouse, children etc.
Q. What about privacy of my transactions?
A. We value your privacy and details of your transactions will be protected as per laws of the land.
Q. What about safety of my transactions over internet?
A. The site has been certified as secure site by Verisign.
Q. Can I pay an amount less than the bill amount?
A. If your biller accepts an amount less than the bill amount, you can pay less than the bill amount.
Q. Can I pay bills on due date?
A. You have to pay your bills 2 working days prior to the due date mentioned by the biller e.g. if due date mentioned by biller is say 24th March, you should give instructions for payment on 21st March.
Q. Do I need to give payment instructions during working hours of my branch?
A. The service is 24x7 service, you can give payment instructions from any where, any time.
Q. If I have further queries where do I contact?
A. SBI branches will be happy to answer your queries, you may also contact the call center at 1600-112211.
Friday, October 3, 2008
FAQ - INTERNET BANKING
Q. I have received my user name but no password?
A. Please go to trouble login in at www . onlinesbi . com and user id and password not received option. Please give the branch name (5 digit) and account number (11 digit) for which you have not received user id and password.
Q. I am not able to login with the user name and password received from bank?
A. - user id and password are case sensitive i.e. capital and small letters are different here.
- SBI provided user name and passwords are for one time usage only.
Q. What should I do after logging in?
A. When you log in for the first time, the system will prompt you to change your username and password. Username can be alpha-numeric and maximum 20 characters. Your password should be minimum 8 characters and maximum 20 characters. It should have alpha-numeric and at least one special character.
Q. I am getting message "invalid userid and password combination"?
A. This could be due to wrong userid password combination used by you. Please note user id and password are case sensitive. e.g. ROHIT, rohit and Rohit are different here. Your password should be minimum 8 characters and maximum 20 characters. It should have alpha-numeric and at least one special character e.g. Rohit*618
Q. I have forgotten my login password?
A. Please go to trouble logging in and forgot password option. If you know correct username and profile password, duplicate password will be dispatched at your registered address.
If you do not know your profile password, reference number will be generated. Please download duplicate password form and submit it to your branch along with your reference number.
Q. I want to change my user name?
A. User name cannot be changed by the customer or branch. Please ask your branch to register you again.
Q. I want to change my login password?
A. Please go to profile and change login password option.
Q. I do not know my profile password?
A. Please note profile password is not given by the bank. It is given by the customer and it can be alpha-numeric or alpha-numeric with special character.
Q. I have forgotten my profile password?
A. Please go to profile and forgot profile password option and download a duplicate profile form and submit it to your branch along with the reference number. Branch will reset your profile password. Next time when you go to profile and any of the options it will ask you to give a new profile password and confirm it.
Q. I get the message you do not have any account?
A. This is because your branch has not yet activated your account. Please contact your branch for giving flag 9 to your account.
Q. I am viewing some one else's account accounts?
A. Please get in touch with your branch and ask them to remove wrong account and add your correct account.
Q. I have some more accounts which are not visible?
A. Please ask your branch to add your other accounts to your user name by going to option add account to user.
Q. I have accounts in some other branch?
A. Please check from the list of branches at onlinesbi.com if it is internet enabled. Then download registration form and send it to your branch.
Q. I want to change my address or update my email address?
A. For change of address please write to your branch, as database is still available at your branch.
Q. I have problem with my ATM /Debit card?
A. Please contact your branch or write to sbicashplus @ vsnl . net or call 1600 112211.
Q. I want to pay my bills online?
A. Please go to bill payment option and select a biller. You can only add those billers which are there in the list. You can schedule your payment or can give autopay option. Please note you will be able to view and pay your bill from next cycle.
Q. I want to pay sbicard bill?
A. Please go to bill payment and register sbicard as biller .You can pay bill immediately. You will not be able to view sbicard bill online. For that please go to www . sbicard . com
Q. I want to purchase train tickets online?
A. Register yourself at irctc.co.in and then book your ticket and pay through onlinesbi.com.
Q. I want to request for a Cheque Book?
A. Please go to requests and cheque book option. You can either collect it from branch or ask them to send it by post or courier. It will be sent at your registered address.
Q. I want to have internet banking facility for my Corporate Account?
A. Please download corporate registration form and submit it to your branch. Please apply under Corporate account-Khata, vyapar or vistar option.
Q. I have received my Debit card and password but unable to login?
A. This could be due to data not being received at web centre, please try again.
Q. I have ordered a draft but it has not yet reached destination?
A. Please note the draft cannot be delivered to third party. It can only be dispatched at your registered address. Please contact your branch for more details.
Q. What will be the charges for a draft?
A. You will pay usual draft charges plus courier charges. For more details contact your branch.
Q. I am getting the message that you do not have any account?
A. This is because your branch has not yet activated your account.Please contact your branch for giving flag 9 to your account.
Q. I want to send some message to my branch?
A. Please write to your branch for branch specific issues.
Q. I cannot see interest credited in my account?
A. Interest is paid every year in July and January in savings account.
Q. I want to know the latest interest rates?
A. Please visit www. statebankofindia .com for rates and other information.
Q. I want to Link my accounts with other branches of SBI?
A. Please apply for fresh user id and password for that account by downloading registration form and sending it to your branch. Then you can link both the accounts by going to profile and link account option.
Q. I want to give nomination for my account?
A. Please download nomination form and send it to your branch. Branch has to update this record.
Q. I have given nomination but it shows no nomination?
A. This is because your branch has not updated this information at your branch.Please contact or write to your branch for updation of this information.
Q. I want to know about NRI schemes?
A. Please visit statebankofindia.com or write to your branch or write to sbinri @ vsnl.com
Q. I cannot view or credit in my PPF account?
A. Please ask your branch to add your PPF account then you can view the account online. Please also ask your branch to give you transaction rights. Please go to transactions and credit to PPF account option.
Q. My name is wrongly spelt in onlinesbi?
A. Please go to profile and correct the spelling or the way you want your name to appear on the web page.
Q. My name is wrongly spelt in my PPF account?
A. For correction in PPF account name, please contact your branch.
Q. I have defined my PPF account but it is still not visible?
A. Define PPF account option is for those branches where PPF accounts are not. You cannot view such accounts online. To know more, please contact your branch.
Q. I am getting the message that Security certificate has expired?
A. Please check the date of your system, it may not be correct.
Q. How do I register for SMS alert?
A. Please go to SMS alert and give the mobile number then go to manage alert option and define alerts. For removing alert,please go to SMS alert and manage alerts and remove alert option. There are no charges for sending SMS from bank side.
Q. I want to download Statement of my account?
A. Please go to enquiry and statement of account.You can only view six months data on web.
Q. I am unable to renew my STDR online?
A. Please ask your branch to give transaction rights for your STDR also, Then you can give renewal instructions online.For specific issues please write to your branch.
Q. I am unable to do fund transfer?
A. This is because your branch has not given you transaction rights.Please ask or write to your branch to give you transaction rights.
Q. I am viewing old balance in my account?
A. This could be due to two reasons :
- Due to some technical problem data from this branch is not coming. It may take some time to rectify the problem.
- Due to technical problem data for your account has not been received at web centre, please ask your branch to resend data for your account.
Q. I want to do third Party transfer?
A. Please go to profile and declare the account as third party account. Also define the limit for fund transfer and third party transfer. Now go to transactions and third party option to do the transaction.
Q. What is the limit for draft issue and third party transfer?
A. The limit is for draft issue as well as third party transfer is Rs.50000/- on net. Between two of your accounts it can be unlimited.
A. Please go to trouble login in at www . onlinesbi . com and user id and password not received option. Please give the branch name (5 digit) and account number (11 digit) for which you have not received user id and password.
Q. I am not able to login with the user name and password received from bank?
A. - user id and password are case sensitive i.e. capital and small letters are different here.
- SBI provided user name and passwords are for one time usage only.
Q. What should I do after logging in?
A. When you log in for the first time, the system will prompt you to change your username and password. Username can be alpha-numeric and maximum 20 characters. Your password should be minimum 8 characters and maximum 20 characters. It should have alpha-numeric and at least one special character.
Q. I am getting message "invalid userid and password combination"?
A. This could be due to wrong userid password combination used by you. Please note user id and password are case sensitive. e.g. ROHIT, rohit and Rohit are different here. Your password should be minimum 8 characters and maximum 20 characters. It should have alpha-numeric and at least one special character e.g. Rohit*618
Q. I have forgotten my login password?
A. Please go to trouble logging in and forgot password option. If you know correct username and profile password, duplicate password will be dispatched at your registered address.
If you do not know your profile password, reference number will be generated. Please download duplicate password form and submit it to your branch along with your reference number.
Q. I want to change my user name?
A. User name cannot be changed by the customer or branch. Please ask your branch to register you again.
Q. I want to change my login password?
A. Please go to profile and change login password option.
Q. I do not know my profile password?
A. Please note profile password is not given by the bank. It is given by the customer and it can be alpha-numeric or alpha-numeric with special character.
Q. I have forgotten my profile password?
A. Please go to profile and forgot profile password option and download a duplicate profile form and submit it to your branch along with the reference number. Branch will reset your profile password. Next time when you go to profile and any of the options it will ask you to give a new profile password and confirm it.
Q. I get the message you do not have any account?
A. This is because your branch has not yet activated your account. Please contact your branch for giving flag 9 to your account.
Q. I am viewing some one else's account accounts?
A. Please get in touch with your branch and ask them to remove wrong account and add your correct account.
Q. I have some more accounts which are not visible?
A. Please ask your branch to add your other accounts to your user name by going to option add account to user.
Q. I have accounts in some other branch?
A. Please check from the list of branches at onlinesbi.com if it is internet enabled. Then download registration form and send it to your branch.
Q. I want to change my address or update my email address?
A. For change of address please write to your branch, as database is still available at your branch.
Q. I have problem with my ATM /Debit card?
A. Please contact your branch or write to sbicashplus @ vsnl . net or call 1600 112211.
Q. I want to pay my bills online?
A. Please go to bill payment option and select a biller. You can only add those billers which are there in the list. You can schedule your payment or can give autopay option. Please note you will be able to view and pay your bill from next cycle.
Q. I want to pay sbicard bill?
A. Please go to bill payment and register sbicard as biller .You can pay bill immediately. You will not be able to view sbicard bill online. For that please go to www . sbicard . com
Q. I want to purchase train tickets online?
A. Register yourself at irctc.co.in and then book your ticket and pay through onlinesbi.com.
Q. I want to request for a Cheque Book?
A. Please go to requests and cheque book option. You can either collect it from branch or ask them to send it by post or courier. It will be sent at your registered address.
Q. I want to have internet banking facility for my Corporate Account?
A. Please download corporate registration form and submit it to your branch. Please apply under Corporate account-Khata, vyapar or vistar option.
Q. I have received my Debit card and password but unable to login?
A. This could be due to data not being received at web centre, please try again.
Q. I have ordered a draft but it has not yet reached destination?
A. Please note the draft cannot be delivered to third party. It can only be dispatched at your registered address. Please contact your branch for more details.
Q. What will be the charges for a draft?
A. You will pay usual draft charges plus courier charges. For more details contact your branch.
Q. I am getting the message that you do not have any account?
A. This is because your branch has not yet activated your account.Please contact your branch for giving flag 9 to your account.
Q. I want to send some message to my branch?
A. Please write to your branch for branch specific issues.
Q. I cannot see interest credited in my account?
A. Interest is paid every year in July and January in savings account.
Q. I want to know the latest interest rates?
A. Please visit www. statebankofindia .com for rates and other information.
Q. I want to Link my accounts with other branches of SBI?
A. Please apply for fresh user id and password for that account by downloading registration form and sending it to your branch. Then you can link both the accounts by going to profile and link account option.
Q. I want to give nomination for my account?
A. Please download nomination form and send it to your branch. Branch has to update this record.
Q. I have given nomination but it shows no nomination?
A. This is because your branch has not updated this information at your branch.Please contact or write to your branch for updation of this information.
Q. I want to know about NRI schemes?
A. Please visit statebankofindia.com or write to your branch or write to sbinri @ vsnl.com
Q. I cannot view or credit in my PPF account?
A. Please ask your branch to add your PPF account then you can view the account online. Please also ask your branch to give you transaction rights. Please go to transactions and credit to PPF account option.
Q. My name is wrongly spelt in onlinesbi?
A. Please go to profile and correct the spelling or the way you want your name to appear on the web page.
Q. My name is wrongly spelt in my PPF account?
A. For correction in PPF account name, please contact your branch.
Q. I have defined my PPF account but it is still not visible?
A. Define PPF account option is for those branches where PPF accounts are not. You cannot view such accounts online. To know more, please contact your branch.
Q. I am getting the message that Security certificate has expired?
A. Please check the date of your system, it may not be correct.
Q. How do I register for SMS alert?
A. Please go to SMS alert and give the mobile number then go to manage alert option and define alerts. For removing alert,please go to SMS alert and manage alerts and remove alert option. There are no charges for sending SMS from bank side.
Q. I want to download Statement of my account?
A. Please go to enquiry and statement of account.You can only view six months data on web.
Q. I am unable to renew my STDR online?
A. Please ask your branch to give transaction rights for your STDR also, Then you can give renewal instructions online.For specific issues please write to your branch.
Q. I am unable to do fund transfer?
A. This is because your branch has not given you transaction rights.Please ask or write to your branch to give you transaction rights.
Q. I am viewing old balance in my account?
A. This could be due to two reasons :
- Due to some technical problem data from this branch is not coming. It may take some time to rectify the problem.
- Due to technical problem data for your account has not been received at web centre, please ask your branch to resend data for your account.
Q. I want to do third Party transfer?
A. Please go to profile and declare the account as third party account. Also define the limit for fund transfer and third party transfer. Now go to transactions and third party option to do the transaction.
Q. What is the limit for draft issue and third party transfer?
A. The limit is for draft issue as well as third party transfer is Rs.50000/- on net. Between two of your accounts it can be unlimited.
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