Thursday, July 26, 2012

State Bank of India’s new, innovative product offerings


Despite being the country’s largest bank, State Bankof India is trying hard to attract customers towards its various products and services. Or maybe we should say that it is because of SBI’s innovative offerings that it has become the country’s largest and most popular bank.

Take a look at some of its new facilities:

1.      Most recently, SBI has introduced a service which enables customers to file their income tax returns online. This service is extended to all customers of the bank. The Bank charges a nominal amount of Rs. 150 for rendering this service.

2.      It has launched a Multi City cheque facility. Multi City cheques are those which can be drawn at any bank branch, in any city, even if it is drawn at base bank. No extra charges are levied on them they are treated as local cheques subject to a limit of Rs.5 lakh. 

3.      Recently, the bank scraped the minimum savings requirements of its savings accounts. Now, customers are not charged any penalty for not maintaining a minimum balance of Rs. 1000 in their savings accounts.