Migration to CTS-2010 Standard Cheque

Rates at a Glance

Service Charges

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Online Banking

Mobile Banking Services

Complaint Form/Grievances Redressal

FAQ

Online Tenders

Recruitment

Safe IT Practices

Investors Page

US Patriot Act

BASEL-II Disclosures

Sale/Auct.Properties by Bank/Courts

ASBA

Lending to Minority Community

Right to Information Act, 2005

 
 
Corporate Banking

Interest Rates In C&I Segment:

DEPOSIT:
Regular Current Account | Diamond Current Account | Gold Current Account |
SME Power Pack Current Account | Flexi Deposit SB & CD Accounts |
POWER JYOTI Current Account for Fee Collection

ADVANCE:
Easy Loan For Trade & Services Sector ( Mortgage Loan) | SBBJ CORPORATE CAR LOAN |
SBBJ SHIKSHAYATN PLUS |SBBJ SUPER SHOPPE |CORPORATE LOAN| SBBJ Corporate Rent Plus Scheme



REGULAR CURRENT ACCOUNT:

Features and Benefits:

  • Minimum average quarterly balance criteria is as under:
  •  Area

    Minimum Average Quarterly balance

     Penalty on default of QAB

    Rural

    2500.00

    CD (Personal) 750 /- per quarter

    CD (Non Personal) 1350 /- per quarter

    Non-Rural

    5000.00


  • Deposit your local cheques in one branch of a city and have it credited to your account at a branch in another city or make payments across SBBJ Bank locations using Core Power facility at a nominal rate.

  • Free collection thorough NEFT / RTGS / ECS.

  • Payment through NEFT / RTGS / ECS at a nominate rate.

  • Cheques payable at par at all RBI's Speed Clearing Centres in all over the Country.

  •  


    DIAMOND CURRENT ACCOUNT

    Features and Benefits:
    • Minimum average quarterly balance (QAB) of 1,00,000/-.
    • Free Cheque leaves 500. (Including Multicity Cheques).
    • Free Account to Account (in same title) Fund Transfer within bank.
    • Reduced Demand Draft Issue charges: 0.50 per thousand with a minimum of 25/- and Max. 5000/-.
    • Free Banker's Cheque
    • Free Folio Charges
    • Free Banker's Cheque
    • Instant Credit * (per day) up to 50,000/-.
    • Multicity Cheque Facility - transaction charges - 25/- per cheque up to 5.00 lacs and 50.00 per cheque for amounts above 5.00 lacs.
    *Instant Credit Facility will be provided only to satisfactorily run accounts, which fulfill under noted conditions:-
    (a) QAB never goes below the prescribed limit.
    (b) No cheques are returned unpaid.
    Penalty for non-maintenance of QAB (per quarter) - Rs. 2000.00
    GOLD CURRENT ACCOUNT

    Features and Benefits:
    • Minimum average quarterly balance (QAB) of 50,000/-.
    • Free Cheque leaves 300. (Including Multicity Cheques).
    • Free Account to Account (in same title) Fund Transfer within bank.
    • Reduced Demand Draft Issue charges: 1.00 per thousand with a minimum of 25/- and Max. 5000/-.
    • Free Banker's Cheque
    • Free Folio Charges
    • Instant Credit * (per day) up to 25,000/-.
    • Multicity Cheque Facility - transaction charges - 25/- per cheque up to 5.00 lacs and 50.00 per cheque for amounts above 5.00 lacs.
    *Instant Credit Facility will be provided only to satisfactorily run accounts, which fulfill under noted conditions:-
    (a) QAB never goes below the prescribed limit.
    (b) No cheques are returned unpaid.
    Penalty for non-maintenance of QAB (per quarter) - 2000.00

    SME POWER PACK CURRENT ACCOUNT: Another value added product for our current account holders of SME and Trade segments on maintaining

    Features and Benefits:

    • Minimum Quarterly Average Balance (QAB) of 5,00,000.00
    • Free Cash handling charges
    • Free Drafts.
    • Free TT/STEPS/RTGS
    • Free Multicity Facility - Issue and transaction charges.
    • Free Inter core transaction.
    • Free deposit of cheque at any SBBJ Bank branches.
    • Free deposit of clearing cheques at non-home branch drawn on that clearing center for credit of account at home center.
    • Free remittance of funds from Home branch to other CBS branch.
    Penalty for non-maintenance of QAB (per quarter) - 2000.00

    FLEXI DEPOSIT - SAVING & CURRENT ACCOUNTS:

    Features and Benefits:

    • Minimum balance criteria for Current Account are 10,000/- and Saving Bank Account 1,000.00.
    • The surplus fund over and above threshold limit is auto swept to term deposit / special term deposit account on weekly basis.
    • The tenure of deposit is decided by the depositor at the time of opening of account.
    • In case of necessity, the depositor may withdraw the amount by means of reverse auto sweep (i.e. breaking the deposit - Last in First Out - LIFO) in multiples of 1,000/- to meet the shortfall and to maintain minimum balance.
    • Deposit broken through reverse sweep will be paid interest as per the card rates for such period applicable as at the date of opening of such deposits with penalty as applicable for premature withdrawal.
    • Rate of interest - As applicable for Term Deposit for the tenure the deposit is contracted.

    POWER JYOTI CURRENT ACCOUNT FOR FEE COLLECTION: To cater the need of Educational Institutions, Coaching Classes, Tuition Fees Centers, Charitable Organizations etc. which require the generic (standard) fee collection facility, we 'POWER JYOTI' current account product at

    Features and Benefits:

    • Minimum quarterly average balance (QAB) of 1,00,000.00.
    • Different types of fees (up to 10 times) can be collected through a single challan.
    • It has a provision to capture 17 digit alphanumeric number as the reference no.
    • Transaction other than fee collection is not permitted in non-home branches.
    • Corporate Internet banking facility - Free.
    • Chequebook facility not available. The Institution can transfer the required balance through authorization / sweep.
    • Cash handling charges - Waived.
    Penalty for non-maintenance of QAB (per quarter) - 2000.00

    ADVANCES:

    EASY LOAN FOR TRADE & SERVICES SECTOR ( MORTGAGE LOAN):


    Purpose
    To provide hassle free finance to the borrowers in trade and services sector who are willing to furnish mortgage of property of adequate value.
    Nature of facility
    Term Loan / Cash Credit
    Eligibility :
      1.Existing customers
      2.New connections
      3.First generation entrepreneurs as well as promoters of existing units for the purpose of setting up new unit.
      The following categories will be covered:
      a) Retail traders/wholesale traders.
      b) Professional &Self Employed.
    Quantum of Loan:
    Minimum - 100,000
    Maximum - 5.00 Crores
    For Cash Credit- 20% of Turnover/Estimated Sale
    For Term Loan - 75% of the Cost Value of Assests created
    Margin
    25% of DLC Value/Market Value/Realisable Value of Mortgage Property whichever is lower
    Repayment
    For Term Loans, maximum repayment period will be 84 months.
    Security
    Primary: Hypothecation of stocks and receivables.
    Collateral: Tangible security of minimum of 133 % of loan amount in the form of Equitable Mortgage of land & building. Interest Rates:
    3.75% above Base Rate

    SBBJ CORPORATE CAR LOAN:

    Purpose
    To provide term loan to the firm/ companies, for purchase of passenger cars, jeeps and staff transport vehicles etc. (not for commercial purpose). The loan to be availed in the name of the firm/ company.
    Nature of facility
    Term Loan
    Quantum of Finance:
    a) 10% of the fund-based limit for existing borrowers with our bank/ other banks.
    b) Firms/companies, who are not enjoying credit facilities from any Bank and are maintaining current account with us, the quantum of finance be restricted up to 5 times of the lowest of the average monthly balances of past twelve months
    Margin
    Minimum 15% on invoice price.
    Security
    Primary : Hypothecation of vehicle
    Collateral:
    For all loans: Personal Guarantee of Director/s, partner/s having adequate net worth to cover the loan availed under the scheme.
    Up-Front Fee
    @ 0.60% of the loan amount.
    Repayment
    36 to 60 Monthly installments and interest as and when applied or 36 to 60 Equated Monthly installments (EMI), as per request of borrower

    SBBJ SHIKSHAYATN PLUS:

    Purpose
     a) Construction of new building / repair, renovation of existing building with adequate safe infrastructure.
     b) Purchase of electronic equipments such as computer/ computer peripherals etc.
     c) Cost of acquiring software programmes, purchase of costly manuals/books related to training, teaching materials.
     d) Purchase of Lab equipments.
     e) Purchase of furnitures/fixtures.
      f) Other equipments necessary for the teaching / sports / mid-day meals scheme.
    Eligibility
    Educational Institution with adequate source of income. (Both Government aided Schools /Schools governed by private management).
    Quantum of Finance:
    Minimum Loan Amount 0.50 Lacs.
    Maximum Loan Amount 25.00 Lacs
    Margin
    15% of the project cost.
    Security
    Primary:Hypothecation of charge over the assets acquired out of Bank finance.
    Collateral:
    Personal guarantee of the Key Manager/Trustees/ Promoters/any other person/body acceptable to the Bank.
    Equitable Mortgage of the land and building of the School or of the guarantor.
    Repayment
    36 to 60 Monthly Installments.

    SBBJ SUPER SHOPPE:

    Purpose
     a)For purchase of new / old shops /establishment /offices.
     b) Modernisation / renovation / face lifting of shops
     c) Expansion /addition / alteration to shops.
     d) Dealer's showroom.
     e) Dealerís showroom under tie-up arrangement with the reputed industries (viz. Bajaj, Maruti, Mahindra/ Hindustan Lever).
     f) Building for Training Centre, Service Centre.
     g) Repairs Centre/ Garage.
     h) All furniture / fixtures / electrical fittings and other accessories required for the showroom/offices/shops.
    Eligibility
    Individual/Firms/ Partnership /Franchises.
    Quantum of Finance:
    The total loan amount will be maximum 200 lacs, which may include-
     a) Premise / shop used for service operations / repairing.
     b) Computer software development and software services.
     c) Call Centre /back office processing for different purposes.
     d) However, the list is illustrative and not exhaustive.
    Interest Rate
    As per CRA rating.
    Security

    1. Primary Security- Hypothecation / pledge / mortgage / assignment of property purchased out of Bankís finance.
    2. In case of leased property, mortgage / assignment of leased hold property will be obtained, NOC from the lessor be invariably obtained. But in any case repayment period has to be within the lease tenure. In such cases, another collateral security equivalent to 125 % of loan amount should invariably be obtained.
    Margin
    35% (in respect of purchase of old property margin will be 50%).
    Up Front Fee
    1% on loan amount.
    DSCR
    Minimum DSCR 1.75.
    Repayment
    Repayment of loan will be made between 3 to 7 years, including moratorium period of 6 months.

    CORPORATE LOAN:

    Nature of facility
    Term Loan
    Purpose
    Loans can be considered only for the following specific activities:
     a)Shoring up the net working capital (NWC)
     b) On going capital expenditure such as replacement of parts of machineries, upgradation, renovation etc
     c) Repayment of high cost debts
     d) Research and Development expenditure
     e) Acquisition of tools and jigs etc.
     f) Implementing Voluntary Retirement Scheme in the Company

    Quantum of Finance:
    Minimum 25 lacs.
    Maximum 10 Cr for non-corporate borrowers of C&I (Mfg) & SSI segment.

    No cap for Corporate Borrowers.
    Interest Rate
    Reset of interest once in 2 years to be made applicable to both fixed and floating rate Corporate Loans.
    Security
    Primary-
    First charge on assets created from financial assistance. WCTL for shoring up NWC will be secured by extension of first charge on current assets.
    Collateral-
    1. First charge on fixed assets on pari passu basis with other term lenders. Where first charge cannot be obtained for valid reasons, a second charge on fixed assets should be obtained.
    2. Personal Guarantee of Promoters/ Partners/Proprietor. In case of Corporates, pledge of Promoters equity should be examined and obtained wherever possible.
    Repayment
    The repayment period not to exceed 3 years.
    The repayment schedule may be flexible (quarterly/half yearly). Uneven or bullet repayments also be permitted, if the cash accruals so justify.

    * FOR DETAILED FEATURES & BENEFITS OF EACH PRODUCT, PLEASE CONTACT TO ANY SBBJ BRANCH.

     
     

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