State Bank of India

PBB Koramangala Branch

Bangalore

Dear Sir/Madam,

We have immense pleasure in congratulating you on your selection to WIPRO. We are happy to be associated with you for all your
banking needs.
You may be aware that one of the terms of appointments is the requirement if furnishing a Bank Guarantee for a sum of Rs. 75,000/- to
WIPRO. We have designed a scheme to enable WIPRO new entrants to avail a loan from us for providing a BG for the purpose. You
can either deposit the entire amount of Rs 75,000 which will be invested as a Special Term Deposit (STDR) (the interest will be paid at
the end of the bond period with us) against which a bank guarantee will be issued to WIPRO, OR you can avail a loan from us for any
shortfall up to a maximum of Rs 70,000/ –which will be made a term deposit receipt(TDR) (Interest on which will be credited to your
savings bank account on a monthly basis), against which a bank guarantee will be issued to WIPRO.

A Bank Guarantee to WIPRO RS. 75,000

If loan is required If loan is not required
B You Contribute Minimum Rs. 5,000/- Rs. 75,000/-
C Bank Loan(A-B) Maximum Rs. 70,000/- NIL
D Total (B+C) Rs. 75,000/- RS. 75,000
E Interest paid by the Will be credited to your Savings Bank account Will be reinvested as deposit and
bank to you at prevailing rate every month principal together with interest and will be
of interest paid at the end of the bond period
F Interest to be paid by you for Will be debited to your Savings Bank account NIL
the loan at the prevailing rate every month
of interest
G Bank Guarantee charges(one BOND PERIOD
time)
15mths 24mths 48mths 15mths 24mths 48mths
Rs. 470/- RS. 750/- Rs. 1,500/- Rs. 470?- Rs. 750/- Rs.1,500/-
H Guarantor Personal guarantee of a person whose annual NIL
income is not less than Rs. 1,00,000/-

Should you require further clarifications/ assistance please feel free to contact us at following:

1. State Bank of India, PBB Koramangala Branch Bangalore : 080-41468366, 24427886

[email protected]
2. State Bank of India, PBU Local Head Office Bangalore : 080-259431452, 22997386
[email protected]
We wish you all the best in your career

With Regards
Yours Sincerely,

-sd-
Chief Manager
________________________________________________________________________________________________STATE BANK
OF INDIA
PBB KORAMANGALA BRANCH
AVS COMPOUND, 80FT. ROAD IV BLOCK,
KORAMANGALA, BANGALORE 560 034
PHONE : 080-41468366, 24427886
[email protected]

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THIS KIT CONTAINS

FORM I - Letter from joinees to be completed, signed& duly attested by SBI Officials

FORM III – Application for sanction of personal loan/issue of Bank guarantee

FORM IV– DP Not and DP note take delivery letter

FORM V– Instructions to Circle authorities

FORM VI – Text of the consent clause by the borrower

FORM VII Text of the consent clause by the Guarantor

Please obtain an account opening form from the nearby branch of SBI, fill in and get the same
attested by the branch officials and bring along with other documents.

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 State Bank of India
PBB Koramangala Branch
AVS Compound, 80ft. Road IV Block,
Koramangala, Bangalore 560 034

BANK GUARANTEE TO WIPRO NEW RECRUITS

INFORMATION SHEET (IN CASE YOU ARE DEPOSITING FULL AMOUNT)
YOU ARE REQUIRED TO
1. Fill in all the forms with complete details(blank forms will not be accepted)
2. Enclose the required documents listed below
3. Purchase a DD for the required amount (see table below)
4. Contact any State Bank of India (SBI) branch at your place(in case you are in Bangalore visit SBI, PBB
Koramangala Branch)
5. Meet the Branch Manager/Official of SBI along with the forms duly filled in, photocopies and originals of
all documents
6. Affix your signature on (1) page 4 form I,(2) page 8 form III,(3) page 14 form VIII, page 15 form IX,
7. Collect the sealed cover containing the documents from the Bank official and submit to WIPRO on the day
of reporting.
DOCUMENTS REQUIRED FROM WIPRO JOINEE
1. PHOTO IDENTITY: Passport or Election ID card or PAN card or Driving License (photocopy of any
one)

2. ADDRESS PROOF : Passport or Election ID card, PAN card or Driving License with your current address
or Telephone Bill or Electricity Bill in your/parent’s name. Salary Slip or IT assessment order(photo copy of
any one)

AMOUNT TO BE PAID DDFavouring STATE BANK OF INDIA KORAMANGALA

BRANCH, BANGALORE payable at Bangalore (No cash/cheque
will be accepted)
BOND PERIOD 15 MONTHS 24 MONTHS 48 MONTHS
If you do not need a loan RS. 75,470/- RS. 75,750/- Rs. 76,500/-

The guarantee will be issued by SBI PBB Koramangala Branch, Bangalore

The SB a/c will be opened at PBB Koramangala Branch, Bangalore
(to which salary will be credited)

Note Accounts will not be opened if forms are incomplete

SBI Official to attest on form I & SB A/c Opening form

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 State Bank of India
PBB Koramangala Branch
AVS Compound, 80ft. Road IV Block,
Koramangala, Bangalore 560 034
BANK GUARANTEE TO WIPRO NEW RECRUITS
INFORMATION SHEET (IN CASE YOU NEED A LOAN)
YOU ARE REQUIRED TO
1. Identify a person who will agree to stand and whose income is not less than Rs. 10,000/- per month or Rs. 1,00,000/- per anum
2. Fill in all the forms with complete details (blank forms will not be accepted )
3. Enclose the required documents listed below
4. Purchase a DD for the required amount(see table below)
5. Contact any State Bank of India(SBI) branch at your place (in case you are in Bangalore, visit SBI, PBB Koramangala, Bangalore )
6. Meet the Branch Manager/Official of SBI along with the forms duly filled in, DD, photocopies and originals of all documents
7. The Guarantor should accompany you. Guarantor to sign on (1) page 8 form II, (2) page 9 form IV(D.P.Note), (3) page 9 form
IV(D.P.Note take delivery (4) page 13 form VII (4 signatures in all)
8. Affix your signature along with the guarantor in the presence of bank official only. Joinee to sign on (1) page form I, (@) page 8
form III, (3) page 9 form IV once on DP Note over revenue stamp(4) second on the RHS, (5) On page 9 form IV at the bottom of the
DP Note take delivery, (6) page 12 form VI, (7) Page 14 form VIII, (8) page 15 form IX, (9) SB A/c opening form (9signature in all)
Collect the Sealed cover containing the documents from the Bank official and submit it to WIPRO on the day of joining
DOCUMENTS REQUIRED FROM WIPRO JOINEE
1. PHOTO IDENTITY: Passport or Election ID card or PAN card or Driving License (photocopy of any one)

2. ADDRESS PROOF : Passport or Election ID card, PAN card or Driving License with your current address or Telephone Bill or
Electricity Bill in your/parent’s name. Salary Slip or IT assessment order(photo copy of any one)

DOCUMENTS REQUIRED FROM GUARANTOR

1. Photo Identity and address proof of the Guarantor (documents listed below)

2. Latest Salary Certificate and Form 16 of the Guarantor in case he/she is a salaried person

3. Last two years IT returns and Audited balance Sheet of the Guarantor in case he/she is a Businessman or Self employed
person.

4. Income Certificate and proof of land holdings (title deeds and latest record of rights) of the guarantor in case he/she is an
agriculturist.
AMOUNT TO BE PAID DD Favouring STATE BANK OF INDIA, PBB KORAMANGALA BRANCH BANGALORE payable at
Bangalore (NO Cash/Cheque will be accepted)
BOND PERIOD 15 MONTS 24 MONTHS 48 MONTHS
If you do not need a loan RS. 75,470/- Rs. 75,750/- Rs. 76,500/-
If you need fill loan of Rs. 5,470/- Rs. 5,750/- Rs. 6,500/-
Rs. 70,000/-
If you need a lesser loan Rs. 75,470/- less the loan Rs. 75,750/- less the loan Rs. 76,500/- less the loan
required required required

The guarantee will be issued by SBI PBB Koramangala Branch, Bangalore

The SB a/c will be opened at PBB Koramangala Branch, Bangalore (to which salary will be credited)
The Guarantee will be issued from PBB Koramangala Branch Bangalore
Note Accounts will not be opened if forms are incomplete
SBI Official to attest on form I & SB A/c Opening form

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 State Bank of India
PBB Koramangala Branch
AVS Compound, 80ft. Road IV Block,
Koramangala, Bangalore 560 034
(form –I)

From
_______________________________(Full Name)

_______________________________(Address)

_______________________________

To
The Chief Manager,
State Bank of India,
PBB Koramangala Branch,
Bangalore 560 034

Dear Sir,

WIPRO NEW RECRUITS

Please find enclosed the following documents for issue of bank guarantee of Rs. 75,000/- to WIPRO.

1. Identity Proof _____________________________

2. Address Proof ____________________________

3. SB Account Opening form duly filled in with all relevant details

4. Application for issue of Bank Guarantee duly completed (Form III)

5. I require a loan of Rs.______________ And hence the following documents are enclosed

(i) DP note and DP note take delivery letter

(ii) Identity proof of the Guarantor _____________________________(please specify)

(iii) Address proof of the Guarantor _____________________________(please specify)

(iv) Income proof of the Guarantor _____________________________(please specify)

6. DD No. ____________ for Rs. ______________dated________________ favouring STATE BANK OF INDIA, PBB
KORAMANGALA BRANCH, BANGALORE payable at Bangalore

Yours faithfully,

( )
Signature of the Joinee
FOR USE AT STATE BANK OF INDIA BRANCH
Confirmed that the applicant has submitted all the documents listed above. The application along with guarantor(only in case of Loan)
Executed the documents in our presence.

Branch Seal with Code Number and full address

Signature Name and SS Number of the Bank’s authorized official

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 FORM III
State Bank of India
KORAMANGALA BRANCH

Applicants Guarantor’s
Photograph Photograph

APPLICATION FOR SANCTION OF PERSONAL LOAN & ISSUE OF A BANK GUARANTEE FAVOURING WIPRO LTD

PERSONAL INFORMATION
A. DETAILS OF APPLICANT
Name
Office Address (proposed)
Residential address :
Present

Permanent
Date of Birth
Sex
Education
Employers name and address
Monthly Income (present /proposed) Gross Rs. : Net Rs.
Loan Amount Rs.
Rate of Interest
Repayment Period On demand
Details of Bank account , if any
Details of Guarantor ( No need to furnish if
loan is not availed)

1. Name & address// Relationship with

the applicant

2. Monthly/Annual income (to be

supported by documentary proof)

3. Details of Bank account, if any

*Note : The loan amount will be the difference between Rs. 75,000/- and the deposit made by the applicant.
E.g. If the deposit made is Rs. 10,000/- the loan amount will be Rs. 65,000/-

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Declaration:

I/we declare that all the particulars and information given in application form are true, correct and complete and they shall form the
basis of the Personal loan, the STATE BANK OF INDIA may decided to grant me/us.
I/we undertake to inform the STATE BANK OF INDIA regarding change in my occupation/employment and to provide any
information that the bank may require.

We authorize STATE BANK OF INDIA to issue a bank guarantee for Rs. 75,000/-in favour of WIPRO LTD as required by them in
connection with my assignment for a period of 15/24/48 months. I request you to release the Personal Loan and hold the loan amount in
Term Deposit with you as security for the Bank Guarantee to be issued by you in favour of WIPRO on my behalf and in case of
invocation of the guarantee the deposit may be closed prematurely and the proceeds utilized for paying the invoked guarantee amount.

I/we confirm that we are resident Indians and understand that the sanction of the loan is subject to execution of documents as per Banks
requirements. I/We agree that the Bank has the right to make such enquiries about me/us as the Bank deem fit.

Signature of the Applicant

Signature of the guarantor

Enclosure:

1.Passport size photograph of Borrower and guarantor

2. Address proof of both Borrower/Guarantor evidenced through Telephone Bill,

Electricity Bill, Voter ID ,PAN Card, Passport etc.

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 FORM IV
Rs.___________ Date :

On demand I/We _____________________________________________________

Promise to pay_______________________________________________________
Or order at the State Bank of India, PBB Koramangala, Bangalore,
the sum of Rupees ____________________________________________________
for value received with interest from this date at _____________________________
____________________________________________________with monthly rests

Revenue stamp

Signature of the applicant Signature of the applicant

Over revenue stamp

N.B. : Stamps should be cancelled by the maker writing his name or initials across them
together with the true date of his so writing viz., the date of this note. In addition to his
signature on the note.

Signature of the guarantor

D P NOTE DELIVERY LETTER

Place :
Date :
The Chief Manager
State Bank of India
PBB Koramangala, Bangalore

Dear Sir,

Please take delivery of the accompanying Demand Promissory Note dated ________ for Rs.____________
(Rupees ______________________________) made by us in favour of SBI, PBB Koramangla branch,
Bangalore. We further request you to note that we dispense with a notice of dishonour in terms of section
98(a) of the Negotiable Instruments Act, 1881, and that in the event of payment not being made, on demand
the Bank is at liberty to give time for payment to either of us without discharging the other of us from liability

Yours faithfully,

Signature of the applicant & Guarantor

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 FORM VI
TEXT OF THE CONSENT CLAUSE
TO BE EXECUTED BY BORROWER/S

I/We understand that as a pre-condition, relating to grant of the loans/advances/ other non-fund
based credit facilities to me/us, the State Bank of India, PBB Koramangala branch, requires my/our
consent for the disclosure by the bank of, information and data relating to me/us, of the credit facility
availed of/to be availed, by me/us, obligations assumed/to be assumed, by me/us in relation thereto
and default, if any, committed by me/us, in discharge thereof.
2. Accordingly, I/We hereby agree and give consent for the disclosure by the State Bank of India, PBB
Koramangala branch, of all or any such;
a. information and data relating to me/us;
b. the information or data relating to any credit facility availed of/to be availed, by me/us and
c. default, if any, committed by me/us, in discharge of my/our such obligation
as the State Bank of India, PBB Koramangala branch, may deem appropriate3 and necessary, to disclose and
furnish to Credit Information Bureau (India) Ltd., and any other agency authorized in this behalf by RBI
3. I/We declare that the information and data furnished by me/us to the State Bank of India, PBB
Koramangala Branch, are true and correct.
4. I/We, undertake that :
a. the Credit Information Bureau (India) Ltd and any other agency so authorized my use, process the said
information and data disclosed by the bank in the manner as deemed fit by them; and
b. the Credit Information Bureau (India) Ltd., and any other agency so authorized my furnish for
consideration, the processed and data or products thereof prepared by them, to banks/financial
institutions and other Credit grantors or registered users, as may be specified by the Reserve Bank in
this behalf
The expression “bank” includes lending institutions for the purpose.

Date : Borrower.

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 FORM VII

TEXT OF THE CONSENT CLAUSE

TO BE EXECUTED BY GUARANTORS

I/We understand that as a pre-condition, relating to grant of the loans/advances/ other non-fund
based credit facilities to ___________________________________(name of the borrower) and
furnishing of guarantee in relation thereto, the State Bank of India, PBB Koramangala branch,
requires consent of the guarantor of the credit facility, granted/to be granted, by the bank for the
disclosure by the bank of, information and data relating to guarantors, any credit facility availed of/to
be availed, by guarantors, obligations assumed/to be assumed, by the guarantors, in relation thereto
and default, if any, committed in discharge thereof.
2. Accordingly, I/We hereby agree and give consent for the disclosure by the State Bank of India, PBB
Koramangala branch, of all or any such;
d. Information and data relating to me/us;
e. The information or data relating to any credit facility availed of/to be availed, by me/us and
f. Default, if any, committed by me/us, in discharge of my/our such obligation
as the State Bank of India, PBB Koramangala branch, may deem appropriate3 and necessary, to disclose and
furnish to Credit Information Bureau (India) Ltd., and any other agency authorized in this behalf by RBI
3. I/We declare that the information and data furnished by me/us to the State Bank of India, PBB
Koramangala Branch, are true and correct.
4. I/We, undertake that :
c. the Credit Information Bureau (India) Ltd and any other agency so authorized my use, process the said
information and data disclosed by the bank in the manner as deemed fit by them; and
d. the Credit Information Bureau (India) Ltd., and any other agency so authorized my furnish for
consideration, the processed and data or products thereof prepared by them, to banks/financial
institutions and other Credit grantors or registered users, as may be specified by the Reserve Bank in
this behalf
The expression “bank” includes lending institutions for the purpose.

Date : Guarantor

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 STATE BANK OF INDIA
PERSONAL BANKING UNIT
LOCAL HEAD OFFICE
65, ST. MARK’S ROAD
BANGALORE 560 001

The General Manager

State Bank of India
Local Head Office
ALL CIRCLES

PBU/GMI/TIE UP 24TH April 2007.

Dear Sir,

PERSONAL SEGMENT ADVANCES

WIPRO ENTRANTS
HYBRID PRODUCT (PERSONAL LOAN & BANK GUARANTEE)

WIPRO are recruiting fresh graduates in a large scale every year for their IT and ITES
activities. In IT Industry the attrition rate is a little high when compared to other industries.
In order to curb this tendency WIPRO have planned to impose a security deposit of
Rs.75,0000/- on all new entrants. Since many of the new entrants may not be in a position
to meet this cash security deposit, WIPRO requested our Bank to formulate a product to
take care of the security deposit needs of their new recruits.

2. Accordingly, we have devised a hybrid product combining Personal Loan and Bank Guarantee to
the new entrants of WIPRO. Under the new product, a personal loan of Rs.70,000/- will be
sanctioned to the new entrant and the new entrant has to bring in a minimum margin of Rs.5000/- and
the total amount of Rs.75,000/- will be held in Term Deposit. On the strength of this deposit a
guarantee for Rs.75,000/- will be issued to WIPRO for a period of 15/24 months on behalf of the new
entrant. There is no repayment of principal on the Personal Loan and only the interest will be
serviced partly by way of salary deduction from the entrant by WIPRO and partly by way of interest
on the TDR held as security for guarantee. The guarantee will be reversed on the expiry of period of
15/24 months as stipulated by WIPRO and Personal Loan will be liquidated by reversing TDR. In
case of attrition only the Personal Loan will be under exposure to the Bank, which is being covered
by a personal guarantee of a third party provided by the new entrant.

3. Since the new entrants to WIPRO are spread out all over the country, we have planned to facilitate
execution of various documents connected with the hybrid product (Personal Loan cum Guarantee) at
a branch of our Bank situated close to the place of residence of new recruit/his parents/guarantor. As
per the arrangement devised, the designated branch HAL Bangalore for the above mentioned
business will be forwarding all the set of documents as listed below directly to the new entrant who
will approach the Branch Manager of the Branch which is situated close to his place of residence.

11
4. This Kit contains :

Form I - Letter from joinees to be completed, signed & duly attested by SBI Officials.
Form III - Application for sanction of personal loan/issue of Bank Guarantee.
Form IV - DP Note and DP Note Take Delivery Letter.
Form V - Instruction to Circle authorities
Form VI - Text of the consent clause by the borrower
Form VII - Text of the consent clause by the guarantor

5. We are also addressing a letter signed by Chief Manager, PBB KORAMANGALA BRANCHto
the branch the name of which will be filled by the new entrant and submitted to the Branch Manager
of that branch for facilitating completion of filling up and execution of the above mentioned
documents. The Branch Manager will assist the new entrant in completing the various documents in
his presence and hand over the entire set of papers back to the new entrant in a sealed cover who in
turn will hand over to WIPRO authorities at the place of his reporting for onward transmission to
HAL Branch, Bangalore.

6. The Branch Manager concerned before whom the documents will be executed will ensure the
following :

a) SB application form is completed as per KYC norms

b) Obtain the guarantee of a person whose income per month is not less than Rs.10,000/- or Rs.1 lac p.a. after due verification
of his address and identity.
c) Verification of the proof of income through Employment/Salary Certificate/Form WIT Return a copy of which has to be
obtained [In respect of agricultural income proof of land holdings (Xerox copy of Record of Rights/Title Deeds/Partition
Deed/any other documents evidencing title and extent of area of the agricultural property) of irrigated/rain fed areas has to be
obtained]

7. The responsibility of the Branch Manager/other Official will be to the extent of correctness of
contents and completion of the documents executed by the new entrant in his presence. The branch is
eligible for a processing fee of Rs.250/- which will be paid after receipt of the documents duly
executed by the new entrant by the designated Branch-HAL Branch, Bangalore.

8. WIPRO have 5 centres where new entrants will be joining viz., Poona, Kolkata, Hyderabad,
Chennai and Bangalore. In view of the vast network and well spread out activities of WIPRO we
have devised the above arrangement for execution of various documents by the new entrants.

9.In view of the above, we request you to advise all the branches under your control of the above
arrangement and extend necessary support/guidance to the new entrants of WIPRO who may
approach your branches in this connection. In each set of papers sent to the new entrant we are also
enclosing a copy of the letter addressed to you for advance information to Branch Managers under
your control regarding the arrangement.

10. I request you to extend your whole hearted support.

Yours faithfully,

GENERAL MANAGER (NETWORK )

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