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    Liability Products: Personal Banking Segment of SBI

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    apu2009
    Commercial banks offer various "liability products" to consumers, which are deposit products that represent liabilities for the bank. These products include checking and savings accounts, money market accounts, and certificates of deposit. They provide consumers a safe place to keep funds and earn interest, and allow access to cash via checks and ATMs. State Bank of India offers various personal and commercial banking products in India, including savings accounts, current accounts, term deposits, recurring deposits, money box deposits, NRE and foreign currency accounts, and accounts tailored for small and medium enterprises.

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    Liability Products: Personal Banking Segment of SBI

    Uploaded by

    apu2009
    6K views4 pages
    Commercial banks offer various "liability products" to consumers, which are deposit products that represent liabilities for the bank. These products include checking and savings accounts, money market accounts, and certificates of deposit. They provide consumers a safe place to keep funds and earn interest, and allow access to cash via checks and ATMs. State Bank of India offers various personal and commercial banking products in India, including savings accounts, current accounts, term deposits, recurring deposits, money box deposits, NRE and foreign currency accounts, and accounts tailored for small and medium enterprises.

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    Liability Products

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    Commercial banks offer various "liability products" to consumers, which are deposit products that represent liabilities for the bank. These products include checking and savings accounts, money market accounts, and certificates of deposit. They provide consumers a safe place to keep funds and earn interest, and allow access to cash via checks and ATMs. State Bank of India offers various personal and commercial banking products in India, including savings accounts, current accounts, term deposits, recurring deposits, money box deposits, NRE and foreign currency accounts, and accounts tailored for small and medium enterprises.

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    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6K views4 pages

    Liability Products: Personal Banking Segment of SBI

    Uploaded by

    apu2009
    Commercial banks offer various "liability products" to consumers, which are deposit products that represent liabilities for the bank. These products include checking and savings accounts, money market accounts, and certificates of deposit. They provide consumers a safe place to keep funds and earn interest, and allow access to cash via checks and ATMs. State Bank of India offers various personal and commercial banking products in India, including savings accounts, current accounts, term deposits, recurring deposits, money box deposits, NRE and foreign currency accounts, and accounts tailored for small and medium enterprises.

    Copyright:

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    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Liability Products

    Commercial banks offer a variety of "liability products" to consumers. These products are
    known as "liability products" because they represent liabilities of the bank. Consumers
    generally know them as "deposit" products. Typically, liability products include checking and
    savings accounts, money market accounts and certificates of deposit (CDs). Bank liability
    products are useful to consumers since they provide a safe place to keep their funds and give
    them the opportunity to earn interest on cash that they may not immediately need. Liability
    products also give consumers access to cash via checks and ATMs, and except for most
    checking accounts, they allow consumers to earn interest on their deposits.

    Personal banking segment of SBI


    Savings account

    Savings account has been designed to help people save for their future financial requirements.
    Under this account, bank gives free ATM cum debit card. The account can also be accessed
    through SBI internet banking facility by downloading instantsbi. The rate of interest is
    compounded half yearly under this account. On the other hand, savings plus account gives the
    facility of savings account along with term deposit account. Any surplus funds in the account
    exceeding the threshold limit, for a minimum amount of Rs.10,000 and in multiple of
    Rs.1000 in any one instance, are transferred as term deposit and earns interest as applicable to
    term deposits.

    Current account

     Non interest-bearing bank account which allows the accountholder to


    write checks against the funds in the account

     Individuals, public and private limited companies, partnership firms, and trusts

     Overdraft facility is a short-term credit instrument to secure the liquidity you need for
    your operational business @1.5% p.a

    Term deposit

     Earn higher income on surplus funds

     Bank offers flexibility in period from 15 days to 10 years

     can be opened with a nominal amount of Rs. 1000/

     Against your fixed deposit you can take loan/overdraft during your urgent financial
    requirement.

    Interest rate

     15 days to 45 days – 4.00%


     46 days to 90 days – 4.00%

     91 days to 180 days – 5.50% and so on.

    Money box deposit

     Deposit can be made upto 10 times of minimum core amount or Rs 25,000/- which
    ever is less, during a month. 

     Amount of Installments- Min. Rs. 100/-  Max. Rs. 25000/- P.M.  

     Maturity period ranging between 6 to 120 months. 

     The facility of loan on deposit, premature payment, nomination facility and transfer of
    A/c to other branches is available.  

    Recurring deposit

    “Want to create a fund for your children's education or marriage or to buy a car or for a
    dream holiday? “

     Save a little every month so that at the time of need you have sufficient funds to
    achieve your financial goals.

     Compulsion to save at high rates of interest applicable to Term Deposits alongwith


    liquidity to access that savings any time.

     Earn at compounded rates of interest

    NRE & Foreign Currency Non-Resident deposit

     The account can be opened with funds remitted from abroad

     Can be opened only by an NRI or jointly with other NRIs.

     Deposits can be opened in US$, Euro, Sterling Pounds, Canadian Dollars, Australian
    Dollars and Japanese Yen

    Small and Medium Enterprises

     Standard current account

     SME power gain

     SME powerpack

     SME Sahaj

     Surabhi deposit scheme


     Power jyoti current account
    SBI Liability products

    By: Apurva R-08- 35


    Mitzi R-08-27
    Richie R-08-19
    Philipson R-08-11

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