State Bank of India (SBI) is the largest public sector bank in India. Launched in the first decade of the nineteenth century the bank has played a pivotal role in establishing the organised banking services sector across India by way being repositories to savings and lenders to leading businesses across India. State Bank of India has thus played a key role in the economic development of India.
State Bank of India along with its 5 associate banks (which are expected to be merged with SBI soon) has a network of over 13000 branches located across the most remote parts of India and catering to people from all works of life. State Bank of India provides services in both the personal banking and corporate banking segments.
A constitution is a set of fundamental principles or established precedents according to which a state or other organization is governed.[1] These rules together make up, i.e. constitute, what the entity is. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a written constitution; if they are written down in a single comprehensive document, it is said to embody a codifiedconstitution. Some constitutions (such as the constitution of the United Kingdom) are uncodified, but written in numerous fundamental Acts of a legislature, court cases or treaties
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A constitution is a set of fundamental principles or established precedents according to which a state or other organization is governed.[1] These rules together make up, i.e. constitute, what the entity is. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a written constitution; if they are written down in a single comprehensive document, it is said to embody a codifiedconstitution. Some constitutions (such as the constitution of the United Kingdom) are uncodified, but written in numerous fundamental Acts of a legislature, court cases or treaties
Constitutions concern different levels of organizations, from sovereign states to companies and unincorporated associations. A treaty which establishes an international organization is also its constitution, in that it would define how that organization is constituted. Within states, a constitution defines the principles upon which the state is based, the procedure in which laws are made and by whom. Some constitutions, especially codified constitutions, also act as limiters of state power, by establishing lines which a state's rulers cannot cross, such as fundamental right
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State Bank of India provides personal banking services to meet the savings, investment and finance needs of its customers.
SBI Savings
State Bank of India enables opening of savings account to meet the needs of all categories of customers ranging from general saving accounts to a premium/priority accounts. The key features of the savings deposit schemes provided by SBI are as follows:
SBI Savings
State Bank of India enables opening of savings account to meet the needs of all categories of customers ranging from general saving accounts to a premium/priority accounts. The key features of the savings deposit schemes provided by SBI are as follows:
- A Savings account can be opened with no minimum balance requirement under the ‘No Frills Account’ option or the account holder can opt for premium accounts under the State Bank of India– MOD (Multi option Deposit scheme). Under the MOD scheme operated by the bank, a minimum balance of Rs. 25,000 needs to be maintained in the account. Any amount in excess of this is ‘Auto’ transferred in units of Rs. 1,000 and deposited into a term deposit with minimum balance of Rs. 10,000, which enables the account holder to earn a higher rate of interest on his/her deposit.
- To teach the younger generation the importance of money and banking, the bank has introduced the ‘Pehla Kadam’ and ‘Pehli Udaan’ accounts for children aged less than 18 years.
- All the savings accounts have a ‘Nomination facility’.
- The balance in the account earns you 4% interest on a daily balance basis. The interest earned is credited to the account bi-annually.
personal banking services to meet the savings, investment and finance needs of its customers.
SBI Savings
State Bank of India enables opening of savings account to meet the needs of all categories of customers ranging from general saving accounts to a premium/priority accounts. The key features of the savings deposit schemes provided by SBI are as follows:
SBI Savings
State Bank of India enables opening of savings account to meet the needs of all categories of customers ranging from general saving accounts to a premium/priority accounts. The key features of the savings deposit schemes provided by SBI are as follows:
- A Savings account can be opened with no minimum balance requirement under the ‘No Frills Account’ option or the account holder can opt for premium accounts under the State Bank of India– MOD (Multi option Deposit scheme). Under the MOD scheme operated by the bank, a minimum balance of Rs. 25,000 needs to be maintained in the account. Any amount in excess of this is ‘Auto’ transferred in units of Rs. 1,000 and deposited into a term deposit with minimum balance of Rs. 10,000, which enables the account holder to earn a higher rate of interest on his/her deposit.
- To teach the younger generation the importance of money and banking, the bank has introduced the ‘Pehla Kadam’ and ‘Pehli Udaan’ accounts for children aged less than 18 years.
- All the savings accounts have a ‘Nomination facility’.
- The balance in the account earns you 4% interest on a daily balance basis. The interest earned is credited to the account bi-annually.
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