State Bank of India (SBI) Online - www.onlinesbi.com

State Bank of India is India's largest bank with a network of over 13000 branches and 5 associate banks located even in the remotest parts of India. State Bank of India (SBI) offers a wide range of banking products and services to corporate and retail customers.

OnlineSBI is the Internet banking portal for State Bank of India. The portal provides anywhere, anytime, online access to accounts for State Bank's Retail and Corporate customers. The application is developed using the latest cutting edge technology and tools. The infrastructure supports unified, secure access to banking services for accounts in over 13,000 branches across India.

The Retail banking application is an integration of several functional areas, and enables customers to:

• Issue Demand Drafts online
• Transfer funds to own and third party accounts
• Credit beneficiary accounts using RTGS/NEFT feature
• Generate account statements
• Setup Standing Instructions
• Configure profile settings
• Use eTax for online tax payment
• Use ePay for automatic bill payments
• Interface with merchants for railway and airline reservations
• Avail DEMAT and IPO services
• Pay bill of Visa Credit Card issued by any Bank.

The OnlineSBI corporate banking application provides features to administer and manage corporate accounts online. The corporate module provides roles such as Regulator, Admin, Uploader, Transaction Maker, Authorizer, and Auditor.

These roles have access to the following functions:

• Manage users, define rights and transaction rules on corporate accounts
• Access accounts in several branches with a single sign-on mechanism
• Upload files to make bulk transactions to third parties, supplier, vendor and tax collection authorities.
• Use online transactional features such as fund transfer to own accounts, third party payments (both Inter and Intra bank), and draft issues
• Make bill payments over the Internet.
• Authorize, modify, reschedule and cancel transactions, based on rights assigned to the user
• Generate account statement
• Enquire on transaction details or current balance

In addition to the above the Internet banking application also provides the following value added services:

• Tax payments to central and state governments through site to site integration.
• Supply Chain Finance( e-VFS- Electronic Vendor Finance Scheme)
• Direct Debit Facility
• E Collection Facilities for:

Core Banking Transactions

Inter Bank Transactions for incoming RTGS/NEFT Transactions

Internet Banking Transactions for SBI & Associate Banks

Direct Debit facility where suppliers can directly debit their customer’s account through Internet Banking

Source | www.onlinesbi.com

State Bank of India (SBI) Card - www.sbicard.com

SBI Cards is a joint venture between State Bank of India and GE Capital to offer Indian consumers extensive access to a wide range of world-class, value-added payment products and services. The partners have set up two joint venture companies to develop a credit card business in India -- SBI Cards & Payment Services Pvt. Ltd., which focuses on the marketing and distribution of SBI Card and GE Capital Business Processes Management Services Pvt. Ltd., which handles the technology and processing needs of SBI Card.

State Bank of India

State Bank of India is the country’s oldest and largest bank in terms of balance sheet size, number of branches, market capitalization and profits. It began as Bank of Calcutta in Calcutta on 2 June 1806. It presently has 82 foreign offices in 32 countries across the globe. It has also 7 Subsidiaries in India – SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards. Over the years, the bank has entered into many new businesses with strategic tie ups for Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services and structured finance products. The bank also has a vast rural banking base. For more information, visit http://www.statebankofindia.com/user.htm

GE Capital

GE Capital has been operating in India since 1993. With AAA (CRISIL) credit rating, GE Capital combines local understanding with the global reach of GE to provide end-to-end financial solutions to meet the diverse needs of Indian corporate and retail customers. GE Capital’s businesses in India are organized under various business units including those focused on corporate finance, asset-based lending, leasing, commercial distribution financing, energy and infrastructure projects financing, merger & acquisition financing, mortgages, loans and credit cards (through a eleven-year-old strategic joint venture with State Bank of India). For more details visit www.gecapital.com/in. (Source | www.sbicard.com)