PRAHALADRAI DALMIA

LIONS COLLEGE OF COMMERCE

AND

ECONOMICS

PRAHALADRAI DALMIA

LIONS COLLEGE OF COMMERCE

AND

ECONOMICS

S.Y.B.M.S. DIV.:- A

4th SEMESTER

2009-10

SUB.:- tax

Bank: state bank of india.

Presented to: prof. paulomi

Group No.

SR NO. NAME ROLL NO

1. PRIYANKA AGRAWAL 2

2. RAVI BARAI 6

3. USHA MISTRY 27

4. ANKITA MODI 28

5. ROHAN SHAH 44

INTRODUCTION

The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809.

State Bank of India (SBI) is that country's largest commercial bank. The government-controlled bank--the Indian government maintains a stake of nearly 60 percent in SBI through the central Reserve Bank of India--also operates the world's largest branch network, with more than 13,500 branch offices throughout India, staffed by nearly 220,000 employees. SBI is also present worldwide, with seven international subsidiaries in the United States, Canada, Nepal, Bhutan, Nigeria, Mauritius, and the United Kingdom, and more than 50 branch offices in 30 countries.

BranchesThe corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India.

PRODUCTSPersonal Banking

SBI Term Deposits SBI Loan For Pensioners SBI Recurring Deposits Loan Against Mortgage Of Property

SBI Housing Loan Loan Against Shares & Debentures

SBI Car Loan Rent Plus Scheme

SBI Educational Loan Medi-Plus Scheme

CORPORATE BANKING

Working Capital Financing Term Loans Deferred Payment Guarantees  Corporate Loans Export Credit

Retail Banking

SBI Term Deposits SBI Recurring Deposits SBI Housing Loan SBI Car Loan SBI Educational Loan SBI Personal Loan SBI Loan For Pensioners Loan Against Mortgage Of Property Loan Against Shares & Debentures Rent Plus Scheme Medi-Plus Scheme Rates Of Interest

Other Services Agriculture/Rural Banking NRI Services

ATM Services

Demat Services

Corporate Banking

Internet Banking

Mobile Banking

International Banking

Safe Deposit Locker

RBIEFT

E-Pay

E-Rail

SBI Vishwa Yatra Foreign Travel Card

Broking Services

Gift Cheques

DEPOSIT LOANS CARDS DIFFERENT CREDIT CARDS

Savings Account Home Loans Consumer Cards SBI International cards

Life Plus Senior Citizens Savings Account

Loan Against Property Credit Card SBI Gold cards

Fixed Deposits Personal Loans Travel Card SBI Gold Master cards

Security Deposits

Recurring Deposits

Car Loan

Loans against Securities

Debit Cards

Commercial Cards

Tax-Saver Fixed Deposit Two Wheeler Corporate Cards

Salary Account Pre-approved Loans Prepaid Card Partnership Cards

Advantage WomanSavings Account

Retail Asset Purchase Card

Rural Savings Account Farmer Finance Distribution Cards SBI Employee Cards

People's Savings Account

Business Installment Loans

Business Card

TAX RELATED PRODUCTS

1. Unit Link Products:-

1. SBI Life Horizon II:-

This plan offers the flexibility of  Unit Linked Plan along with Automatic Asset Allocation which provides relatively higher returns on your money where as increasing death benefits provides higher security to your family.  

  2. SBI   Life Unit Plus II:- SBI Life –

Unit Plus II Plans are an attempt to meet all your financial & insurance needs through a single non participating product. You can use it the way you like. What’s more you get market linked returns which in the long term has always proved to give better returns than traditional savings products.

  3. SBI Life Unit Plus Child Plan:-

SBI Life - Unit Plus Child Plan to suit you and your needs best. This Plan is meant for parents in the age group of 18-57 having a child between the age group of 0-15 years.

4. SBI Life Horizon II Pension:-

SBI Life - Horizon II Pension is a safe and a hassle free way to get high returns!       SBI Life - Horizon II Pension comes with the unique feature of Automatic Asset Allocation by means of which you truly, don’t need to be an expert to grow your money!         

5. SBI Life Unit Plus II Pension Plan:-

This is a unit linked pension plan wherein the policyholder chooses an investment period from 5 to 52 years for a vesting age between 50 to 70 years. Flexibility to choose between two options a) Pure Pension ,b) Pension cum Life Cover. No medical required for Pure Pension, automatic acceptance facility.  And Many More….

 2. Traditional Plans:- Long Term Plans  

a. SBI Life - Money Back Plan:-

The plan has a number of moneyback options specially suited to your needs. The cover is available at competitive premium rates. It has guaranteed cash inflows which can meet your various financial obligations. In addition to normal death cover, the plan also provides you 4 additional covers. 

b.  SBI Life – Sudarsan:-

This is an Endowment Policy designed to provide savings and protection to you and your family. You can save regularly for the future. Thus at the end of the plan, you will receive a substantial amount of savings along with the accumulated bonuses declared. At the same time, your family will be protected for death risk for the full Sum Assured.

c.  SBI Life – Scholar II:-

We at SBI Life can help you ensure that your children’s future is secure and prosperous. This plan is designed to protect your child’s future educational needs. 

CONCLUSION.

From the analysis part it can be conclude that customers have a good respond towards SBI advance products in Bhubaneswar. SBI is in 1st position having large number of customers & providing good services to them. The bank has a wide customer base, so the bank should concentrate on this to retain these customers.In present scenario SBI is the largest advance product issuer in India. Within a very short period of time the achievement made by SBI is excellent, what a normal bank cannot expect, but it is being done by SBI. It happens due to employee dedication towards the organization, fastest growing Indian economy, & brand image.To be the largest advance product issuer, SBI should focus on-

Launch Innovative product

Customized advance products.

Better customer services

Fastest customers problem solving techniques

Customer retention

Apart from all the above, SBI believe in providing good customer services to their customers which is a key factor for success in future.