1

BUSINESS INTERNSHIP

Submitted in partial fulfilment for the requirement of the degree of Master of

Commerce, specialization in Business Finance as 1st semester’s hardcore paper
during the year 2023-2024.

DEPARTMENT OF COMMERCE

SUBMITTED BY
P. KUMARAGURU
(REG.NO – 22351039)

SUBMITTED TO
ASSISTANT PROFESSOR
DR.M. ANUPRIYA
(Asst. Professor, Department of Commerce, Pondicherry University)
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PONDICHERRY UNIVERSITY
MAY 2023

P. KUMARAGURU
REG.NO. - 22351039

M.COM (BUSINESS FINANCE)

PONDICHERRY UNIVERSITY

PUDUCHERRY – 605 014.

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BONAFIDE CERTIFICATE
 4

ACCEPTANCE LETTER
 5

CERTIFICATE
 6

DECLARATION

I hereby declare that the internship report (SBI Main Branch, Pondicherry)
submitted to the Pondicherry University in partial fulfilment of the requirement
for the award of the degree of Master of Commerce (Business Finance) is a
record of original work done by me in the Department of Commerce, Pondicherry
University, under the supervision and guidance of Assistant Professor
DR.M. ANUPRIYA

PLACE: PUDUCHERRY P.KUMARAGURU

DATE: (REG.NO.22351039)
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ACKNOWLEDGEMENT

It is a great opportunity & pleasure for me to express my profound gratitude

towards all the individuals who directly or indirectly contributed towards
completion of this report.

Working on this report was a great fun, excitement, challenges and a new
exposure in the field of Bank. I am greatly debated to under whose guidance and
concern I am able to bring this report into its real shape.

I convey my utmost appreciation to MR. RAJADURAI for his supervision and

guidance throughout my internship period. I thank him for his constant support. It
would have been impossible for me to keep the confidentiality and doing the
report without his help.

I am thankful to my advisor ASSISTANT PROFESSOR DR.M. ANUPRIYA and

all the faculty members of Department of Commerce in providing me useful
guidance for the completion of this report. I convey my gratitude to all those are
directly or indirectly related to the completion of this project report.

P. KUMARAGURU
Reg. No.: 22351039
M.Com (Business Finance)
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INTERNSHIP ATTEDANCE LOG

DATE TIME IN TIME OUT HOURS MENTOR
WORKED SIGNATURE

08-05-2023 10.00 AM 6.00PM 8 HOURS

09-05-2023 10.00 AM 6.00PM 8 HOURS

10-05-2023 10.00 AM 6.00PM 8 HOURS

11-05-2023 10.00 AM 6.00PM 8 HOURS

12-05-2023 10.00 AM 6.00PM 8 HOURS

15-05-2023 10.00 AM 6.00PM 8 HOURS

16-05-2023 10.00 AM 6.00PM 8 HOURS

17-05-2023 10.00 AM 6.00PM 8 HOURS

18-05-2023 10.00 AM 6.00PM 8 HOURS

19-05-2023 10.00 AM 6.00PM 8 HOURS

22-05-2023 10.00 AM 6.00PM 8 HOURS

23-05-2023 10.00 AM 6.00PM 8 HOURS

24-05-2023 10.00 AM 6.00PM 8 HOURS

25-05-2023 10.00 AM 6.00PM 8 HOURS

26-05-2023 10.00 AM 6.00PM 8 HOURS

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TABLE OF CONTENTS
SL.NO INDEX PAGE NO.

1 BONAFIDE CERTIFICATE 3

2 ACCEPTANCE LETTER 4

3 CERTIFICATE 5

4 DECLARATION 6

5 AKNOWLEDGEMENT 7

TABLE OF CONTENTS

6 INTRODUCTION 10

7 PROFILE OF THE BANK 13

8 AREA OF TRAINING 15

9 EXPERIENCE 32

10 CONCLUSION 33

INTRODUCTION
 10

State Bank of India (SBI) is an Indian multinational public sector bank and
financial services statutory body headquartered in Mumbai, Maharashtra. SBI is
the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list
of the world's biggest corporations of 2020, being the only Indian bank on the
list. It is a public sector bank and the largest bank in India with a 23% market
share by assets and a 25% share of the total loan and deposits market. It is also
the fifth largest employer in India with nearly 250,000 employees.

The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial
Bank of India, making it the oldest commercial bank in the Indian Subcontinent.
The Bank of Madras merged into the other two presidency banks in British India,
the Bank of Calcutta and the
Bank of Bombay, to form the Imperial Bank of India, which in turn became the
State Bank of India in 1955. Overall the bank has been formed from the merger
and acquisition of nearly twenty banks over the course of its 200-year history.
The Government of India took control of the Imperial Bank of India in 1955,
with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it
State Bank of India.

HISTORY
 11

The roots of State Bank of India lie in the first decade of the 19th century when
the Bank of Calcutta later renamed the Bank of Bengal, was established on 2 June
1806. The Bank of Bengal was one of three Presidency banks, the other two
being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of
Madras (incorporated on 1 July 1843). All three Presidency banks were
incorporated as joint stock companies and were the result of royal charters. These
three banks received the exclusive right to issue paper currency till 1861 when,
with the Paper Currency Act, the right was taken over by the Government of
India. The Presidency banks amalgamated on 27 January 1921, and the re-
organised banking entity took as its name Imperial Bank of India. The Imperial
Bank of India remained a joint-stock company but without Government
participation.
Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve
Bank of India, which is India's central bank, acquired a controlling interest in the
Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the
State Bank of India. In 2008, the Government of India acquired the Reserve Bank
of India's stake in SBI so as to remove any conflict of interest because the RBI is
the country's banking regulatory authority.
In 1959, the government passed the State Bank of India (Subsidiary Banks) Act.
This made eight banks that had belonged to princely states into subsidiaries of
SBI. This was at the time of the First Five Year Plan, which prioritised the
development of rural India. The government integrated these banks into the State
Bank of India system to expand its rural outreach. In 1963 SBI merged State
Bank of Jaipur (est. 1943) and State Bank of Bikaner (est.1944).
SBI has acquired local banks in rescues. The first was the Bank of Bihar (est.
1911), which SBI acquired in 1969, together with its 28 branches. The next year
SBI acquired National Bank of Lahore (est. 1942), which had 24 branches. Five
years later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been
established in 1916 in Gwalior State, under the patronage of Maharaja Madho
Rao Scindia. The bank had been the Dukan Pichadi, a small moneylender, owned
by the Maharaja. The new bank's first manager was Jall N. Broacha, a Parsi. In
1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI
was the acquirer as its affiliate, the State Bank of Travancore, already had an
extensive network in Kerala.
There was, even before it actually happened, a proposal to merge all the associate
banks into SBI to create a single very large bank and streamline operations.
The first step towards unification occurred on 13 August 2008 when State Bank
of Saurashtra merged with SBI, reducing the number of associate state banks
from seven to six. On 19 June 2009, the SBI board approved the absorption of
State Bank of Indore, in which SBI held 98.3%. (Individuals who held the shares
prior to its takeover by the government held the balance of 1.7%.)
 12

The acquisition of State Bank of Indore added 470 branches to SBI's existing
network of branches. Also, following the acquisition, SBI's total assets
approached ₹10 trillion. The total assets of SBI and the State Bank of Indore
were ₹9,981,190 million as of March 2009. The process of merging of State
Bank of Indore was completed by April 2010, and the SBI branches started
functioning as SBI branches on 26 August 2010.
On 7 October 2013, Arundhati Bhattacharya became the first woman to be
appointed Chairperson of the bank.
Mrs. Bhattacharya received an extension of two years of service to merge into
SBI the five remaining associate banks.

STAMP DEDICATED TO THE STATE BANK OF INDIA IN 2005

SHARE OF THE BANK OF BENGAL, ISSUED 13 MAY 1876

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PROFILE OF THE BANK

STATE BANK OF INDIA IN RUE SUFFREN, PONDICHERRY

The leading public sector bank, State Bank of India in rue Suffren, Pondicherry
is one among the network of branches all over the city. Commonly referred to as SBI,
this financial institution is the India's largest bank and a Fortune 500 company that
came into existence in the year 1955. Headquartered in Mumbai, this government
owned corporation is a leading entity in the banking and financial services sector. This
bank provides financial services and products to individuals, micro, small and
medium enterprises, large and mid-sized corporates, and several agricultural, rural,
and retail businesses. This bank takes pride in its widespread presence that covers
over 24,000 branches and 59,000 ATMs. Since 1973, it is actively involved in non-
profit activity called community service banking. SBI has received countless awards
and accolades for its conscientious efforts in always putting the customer first. Among
the numerous branches spread out in Pondicherry is the branch in Rue Suffren. Locate
it with ease at No 14, Rue Suffren, Pondicherry. Contact this bank branch on any of
the following contact numbers: 0413 2336151, 2336730

SERVICES OFFERED AT STATE BANK OF INDIA

Customers can walk into State Bank of India in Rue Suffren to avail a bouquet
of services catering to their various financial requirements. The services are broadly
categorised into personal banking, agricultural/ rural banking, NRI services,
international banking, SME, and corporate banking. The personal banking section of
this bank branch assists customers in opening different types of bank accounts, such
as savings, current, pension, demat and salary. The other essential services include
lending different types of loans, applying for credit cards, debit card or pre-paid cards,
mobile banking, demat services and wealth management services. Use the 'Apply for
Loan' tab above to know more about the various loan facilities.
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Bank: State Bank of India

Branch: Pondicherry
IFSC Code: SBIN0000900
State: Pondicherry
District: Pondicherry
City: Pondicherry
Branch Code: 000900 (Last 6 Characters of the IFSC Code)

IFSC CODE OF MAIN BRANCH - STATE BANK OF INDIA (SBI)

The bank is located at Rue Suffren, Pondicherry, Dist. 608001. Working hours of
the bank are - Monday to Saturday: 10 AM to 4 PM. 2nd and 4th Saturdays are
non working days for State Bank of India. Check the complete list of State Bank
of India.
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VISION

 My SBI.
 My Customer first.
 My SBI: First in customer satisfaction.

MISSION

 We will be prompt, polite and proactive with our customers.

 We will speak the language of Young India.
 We will create products and services that help our customers achieve their
goals.
 We will go beyond the call of duty to make our customers feel valued.
 We will be of service even in the remotest part of our country.
 We will offer excellence in services to those abroad as much as we do to those
in India.
 We will imbibe state-of-the-art technology to drive excellence.

VALUES

 We will always be honest, transparent and ethical.

 We will respect our customers and fellow associates.
 We will be knowledge driven.
 We will learn and we will share our learning.
 We will never take the easy way out.
AREA OF TRAINING

DAY 1

GENERAL INTRODUCTION:

DEPOSIT:
A deposit is a financial term that means money held at a bank. A deposit is
a transaction involving a transfer of money to another party for safekeeping. However,
a deposit can refer to a portion of money used as security or collateral for the delivery
of a good.

WITHDRAWAL:
A withdrawal involves removing funds from a bank account, savings plan,
pension, or trust. In some cases, conditions must be met to withdraw funds without
penalty, and penalty for early withdrawal usually arises when a clause in an
investment contract is broken.

CHEQUE TRANSFERS (SBI TO SBI):

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Fill the cheque deposit slip with your account number, cheque number,
cheque issuing bank, branch name, etc. Make sure to mention the PAN card number if
the amount is greater than 50,000 Rs. Attach this slip to your cheque and submit it to
deposit counter.

CHEQUE TRANSFERS (SBI TO ANOTHER BANK):

As far as know from one bank to another bank you can transact through
cheques. If you have an account in SBI and AB. You can transfer the money from SBI
to your account in AB through cheque. If it is in the same place it will be cleared
within one working day.

ACCOUNT OPENING:
To open a SBI Saving account at any SBI Bank branch, customers will
have to follow the steps mentioned below.
 Visit the SBI branch closest to you.
 Request the bank executive for an account opening form.
 On the account opening form, applicants will have to fill in both the parts.
 Form 1 - Name, address, signature, various other details and assets.
 Form 2 - Customers will have to fill in this part if they do not have a PAN
card.
 Ensure that all the fields have been entered and are correct. The details
mentioned in the application form should match those mentioned in the KYC
documents that have been submitted.
 The customer will now have to make an initial deposit of Rs.1,000.
 As soon as the bank completes the verification process, the account holder
will be granted a free passbook and cheque book.

DAY 2

FOREX:

FEATURES OF SBI FX TRADE

 Competitive brokerage rates.
 Integrated platform of Bank Account and Online Trading Account.
 Provision for lien marking. The money continues to remain in the customer's
account until the deal is done, thus earning him interest.
 Secure and Robust online platform.
 Product from India's most trusted and transparent Bank.

CURRENCY FUTURES:
A currency futures contract is a standardized form of a forward
contract that is traded on an exchange. It's an agreement to buy or sell a specified
quantity of an underlying currency on a specified date at a specified price. In India,
currently four currency pairs are traded (USD/INR, EURO/INR, GBP/INR and
JPY/INR) with a lot of size of 1000 units of the base currency, except JPY where the
 17

lot size is 100,000. Settlement for the customer is, however, done in Rupee terms and
not in the foreign currency.

ADVANTAGE OF CURRENCY FUTURES

 Transparent & Efficient price discovery
 Ease of trade
 No paperwork required at branch level unlike forward contracts
 Submitting proof of underlying is not a precondition
 Since, no actual delivery of foreign currency is involved, clients may hedge
their indirect
 currency risks

CONTRACT SPECIFICATIONS OF CURRENCY FUTURES FEATURES

 Symbol - USD/INR, EUR/INR, GBP/INR, JPY/INR
 Unit of trading - 1 (1 unit denotes 1000) except JPY (100000)
 Underlying - The exchange rate in INR for USD/EUR/GBP/JPY
 Tick size - INR 0.0025
 Trading hours - Monday to Friday (9.00 am to 5.00 pm)
 Contract trading cycle - 12-month trading cycle.
 Final settlement day - Last working day of the expiry month.
 Position limits - Clients (per exchange): 6% of total open interest or USD
10mn, whichever is higher.
 Minimum-Initial margin - 4% of notional value of the contract.
 Extreme loss margin - 1% of notional value of the contract
 MTM Adjustment - Daily debited/credited to the account
 Mode of settlement - Cash settled in INR
 Daily settlement price (DSP) - Calculated on the basis of last half an
hour weighted average price.
DAY 3

NON-RESIDENT INDIVIDUAL:

TYPE OF ACCOUNT PURPOSE

NRE Account For income earned abroad and converting it to

Indian Rupees

NRE Salary Account For salary earned abroad and converting it to

Indian Rupees

NRO Account For earnings in India for NRIs

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Non - Resident Ordinary For salary earned in Indian while an NRI

NRO Tax Saving Scheme Intended to help save on taxes with 80C

FCNRB Account For foreign currency deposits

FCNRB Premium Account For foreign currency deposits and insurance

RFC Account For income earned abroad when resettling in

India

NRI Family Card For money transfers for family in India

Demat Account For NRIs wanting to invest in stocks and

bonds in India

SBI Cap gains Plus Account For NRIs with property sales in India

DAY 4

NON-RESIDENT EXTERNAL (NRE):

 Non-Resident External is Non-Taxable because, Tax will be payed to revenue

generated country before itself.
 Earned Money from other countries. It may be euros, dollars etc.., cannot be
used as it is in India. These other countries’ currencies should be converted into
Indian currency within 3 months otherwise it cannot be converted
 if account holder feels their foreign currency should be maintained as it is. there
is separate account called FCNR (FOREIGN CURRENCY NON-RESIDENT)
 In every 2 years completion of NRE account. Account holders should update
KYC details for that Passport and visa or ORC (overseas resident card) is
mandatory. Aadhar card and Pan card are optional for KYC updating in NRE.
 If Account holder did not have Indian mobile number in their account. They
cannot use YONO app. They can check and verify through the website only.
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 Account holder should complete one transaction within 6 months from last
transaction. Otherwise account will be inactive and temporarily blocked for
safety of account holder.
 NRE (Non-Resident External) TO NRO (Non-Resident Ordinary) can be
money transferred and No taxable will be deducted. but, from NRO to NRE is
taxable. Because, NRO is income earned form India.
 If Student comes form other countries and he/she didn’t have Indian identity.
They will be opened account as like Indian account holders with their Passport
and VISA.

NON-RESIDENT ORDINARY (NRO):

 A Non-Resident Ordinary (NRO) Account is a popular way for many Non-

Resident Indians (NRIs) to manage their deposits or income earned in India
such as dividends, pension, rent, etc. This account allows you to receive funds
in either Indian or foreign currency. However, only Indian currency can be
withdrawn as NRO Accounts are kept in Indian currency and cannot be freely
repatriated into any foreign currency.
 You can apply for an NRO Account jointly with an Indian resident on Former
or Survivor basis only. If you wish, you can also open an NRO Account with
another Non-Resident Indian. Also, you can very easily to transfer money from
your current NRE account to your NRO Account. However, the interest you
earn in this account is subject to Tax Deducted at Source (TDS).
 The interest you earn on an NRO Account is taxable at 30%, deductible at
source. It is noteworthy that the income you earn in India, deposited in an NRO
Account can include rent, dividend, pension, etc.
 If your finances include your income earned in India and you want an account
to manage it within India, an NRO Account is an ideal option.

DAY 5

CENTRAL GOVERNMENT SCHEMES:

 INSURANCE SCHEME
 INVESTMENT SCHEME
 PENSION SHEME

INSURANCE SCHEME:
a) PMSBY – Pradhan Mantri Suraksha Bima Yojana
 Purpose – Partial disability and death
 Rs 1 lakh for partial disability (Loss of one eye or leg or hand)
 Rs 2 lakh for accidental death and full disability (Loss of both eyes or legs
and hands)
 Eligibility 18 – 70 years
 Premium of Rs 20 per annum
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b) PMJJBY – Pradhan Mantri Jeevan Jyoti Bima Yojana

 Eligibility 18 – 50 years
 Rs 2 lakh for any kind of death
 Premium of Rs 436 per annum
 Auto Debit facilities – Annual premium of Rs 436 will get deducted from
the bank account

INVESTMENT SCHEME:
c) PPF – Public Provident Fund
 Purpose - Long Term Investment Scheme
 Eligibility – No age limit
 Interest rate – 7.1%
 Deposit amount Rs 500 – 150000 p.a.
 Time period – 15 years

d) Sukanya Samriddhi Account Scheme

 Purpose – Betterment of Girl Child in India
 Age limit – 0 to 10 years
 Interest rate – 8%
 Deposit amount Rs 250 – 150000 p.a.
 Time period – 21 years

PENSION SCHEME:
e) Atal Pension Yojana
 Purpose – To provide Pension Benefits to individuals in the unorganised
sector
 Age limit – 18 to 40 years
 Subscription amount – 1000, 2000, 3000, 4000, 5000
 Time period – Up to 60 years
DAY 6

FIXED DEPOSIT:

SHORT NOTE ON FD:

 Minimum period of deposit – 7 days
 Maximum period of deposit- 10 Years
 Minimum deposit amount Rs.1,000/-
 Maximum deposit amount: No Upper Limit
 A deposit of Rs.2 crore and more is classified as bulk deposit
 Interest on a Term Deposit is payable to the depositor quarterly from the date
of issue or at maturity along with principal. But on request from the depositor,
interest may be paid at monthly, half-yearly or yearly intervals in case of Term
Deposits fixed for a term of twelve months and above.
 Nomination available in favour of individual only
 Transferability allowed among our branches
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 TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted
by the depositor for exemption from tax deduction as per IT Rules.

BRIEF NOTE ON FD:

 A fixed deposit, also known as an FD, is an investment instrument offered by
banks, as well as non-banking financial companies (NBFC) to their customers
to help them save money. With an FD account, you can invest a sizeable
amount of money at a predetermined rate of interest for a fixed period. At the
end of the tenure, you receive the lump sum, along with an interest, which is a
good money-saving plan. Banks offers different rates of interest for a fixed
deposit account.
 You can choose a fixed deposit for a period ranging from minimum 7-14 days
to maximum 10 years. This is why an FD is sometimes called a term deposit.
When you open a fixed deposit account at a specific interest rate, it is
guaranteed, for the rate of interest remains the same, irrespective of any
changes, which happen due to market fluctuations.
 The interest you earn is either paid at maturity or on periodic basis depending
on your choice. You are not allowed to withdraw the money before the
maturity. If you want to, you have to pay a penalty.
 FD is one of the most commonly availed investment options in India that offers
higher interest rates than a savings account. FD can have a tenure ranging from
7 days to 10 years so, is often used to save for various short, medium and long-
term financial goals. Know details of what a fixed deposit is, its various types,
key features of a fixed deposit account and more.

FEATURES

1. ASSURED RETURNS
 The returns of a fixed deposit are guaranteed. You will get the same return
agreed at the time of opening an FD. This is not the case with market-led
investments, which offers returns based on the fluctuations of interest rates in
the market. You will receive the same interest that was agreed to you, even if
the interest rates fall. This makes the fixed deposit more secured than any other
investments.

2. RATE OF INTEREST
 The interest rate on a fixed deposit varies depending on the term you choose.
However, the rate of interest is fixed. If you want to know the current FD
interest rates, you can visit the IDFC FIRST Bank website here.
 22

3. OFFERS FLEXIBLE TENURES

 You can choose the tenure from 8 days to 10 years for an FD with the IDFC
FIRST Bank. If you want to open an FD account, click here.

4. RETURN ON INVESTMENT
 The interest you earn on the fixed deposit depends on the maturity period or
tenure of the FD. With a higher tenure, you earn a higher interest. Moreover,
the returns you get on your investment depends on whether you opt for
receiving the interest periodically or reinvesting the interest, which is called a
cumulative FD. Account holder can gain the benefit of compounding with this
FD.

5. LOAN AGAINST FD
 Account holder can avail a loan against your fixed deposit in case you are in
urgent need of funds. This saves you from closing your FD prematurely.

DAY 7

INTEREST RATES ON DOMESTIC TERM FIXED DEPOSITS:

 23

DAY 8

LOAN SECTION:
 24

A loan is a form of debt incurred by an individual or other entity. The

lender—usually a corporation, financial institution, or government—advances a sum
of money to the borrower. In return, the borrower agrees to a certain set of terms
including any finance charges, interest, repayment date, and other conditions.

PERSONAL LOAN:
A personal loan (also known as a consumer loan) describes any
situation in which an individual borrows money for personal need, including making
investments in a company.

TYPES OF PERSONAL LOAN

 Pension loan
 X-press credit loan

SBI Pension Loan Highlights 2023

Interest rates 11.15% p.a. onwards

Loan amount Based on the monthly pension drawn by the applicant

SBI Pension Loan: 6 years

Repayment tenure
Insta Pension Loan scheme through YONO: 3 years

Processing fee 0.50% of the loan amount + applicable taxes (Minimum Rs. 250)

SBI Xpress Credit Loan Highlights 

Interest Rates 11%-14% p.a.

Loan Amount Up to Rs 20 lakh

Tenure 6 months-6 years

Minimum Monthly Salary Rs 15,000

DAY 9

LOAN SECTION:
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SBI EDUCATION LOAN:

 The cost of education in India and abroad is rising each day. It has become
difficult for students to afford quality education because of the ever-increasing
college and school fees. The only way to cope with the rising cost is by
applying for an Education Loan that has added benefits other than just paying
the college fees. Let’s get to know how.
 An education loan is a loan that students apply for, in order to fund their
education in India or abroad. Different banks and financial institutions offer
Education Loans to aspirants at competitive rates, to help them make quality
education affordable.
 Unlimited Income Tax benefits under Section 80(E) on full interest paid
 Collateral free loan, up to Rs lakh, for select institutes and courses.
 In certain cases, even 100% financing is available. The financing covers other
expenses such as the cost of laptop or travel expenses
 The bank offers a flexible repayment option. The education loan repayment
tenure can exceed up to 12 years, after the completion of the course
 For those students who apply for an Education Loan, it is not necessary to pay
the amount immediately; the repayment tenure starts from months or year, after
the completion of the course. And in some cases, it can be extended from 5 to 7
years.
 The interest rate varies as per the banks. The loan amount is directly paid to the
institution/university at the start of the semester by the bank. Education Loans
also include all other expenses, such as library fees, hostel fees, cost of books,
laboratory fees etc., thus assuring that the student does not have to pay any
expenses from their pocket.

DOCUMENTS REQUIRED FOR APPLYING FOR EDUCATION LOAN

 Marksheet and passing certificate of 10th and 12th exams

 Admission Letter from the respective college/university

FEATURES OF EDUACTIONAL
LOAN
 26

FEATURES DETAILS

Studies in India: Maximum limit can be considered up to Rs.50 lakh Medical

Courses: Up to Rs.30 lakh Other Courses: Up to Rs.10 lakh Studies in Abroad:
Loan Amount
Up to Rs.7.50 lakh Maximum limit is Rs.1.50 crore under Global Ed-vantage
scheme

Processing
Loans up to Rs.20 lakh: Nil Loans above Rs. 20lakh: Rs.10,000 plus tax
Charges

Repayment
Up to 15 years after Course Period along with 12 months of repayment holiday
period

Up to Rs.7.5 lakh: Only parent or guardian as co-borrower. Above Rs.7.5 lakh:

Security
Guardian or parent as co-borrower and tangible collateral security

No margin for amount up to Rs.4 lakh For studies in India and abroad the
Margin
margin is 5.00% and 15%, respectively, for amount above Rs.4 lakh

India: UGC/ AICTE/IMC/Govt. Approved graduation, post-graduation

including diploma courses, Regular or degree courses by autonomous
institutions such as IITs, IIMs, etc. Central government or the State
Government approved teacher’s training or nursing courses, Director General
Courses
of Civil Aviation or Shipping approved regular degree or diploma courses such
covered
as shipping, pilot training, aeronautical, etc. Abroad: Professional or technical
graduation degree courses, post-graduation degree and diploma courses such as
MCA, MBA, MS, etc. Chartered Institute of Management Accountants (CIMA)
courses- London Certified Public Accountant (CPA) courses- USA

College, school, or hostel fees examination, library, or laboratory charges,

Books, equipment, instruments, or uniforms, Purchase of computers, and other
Expenses essential for completing the course, which 20% of the total tuition fees, Caution
covered Deposit/Building Fund/Refundable Deposit, which is maximum of 10% of total
tuition fees, Travel expense for studies in abroad Two-wheeler cost up to
Rs.50,000, Other expenses including study tour, project work, etc. 

DAY 10

LOAN SECTION:
 27

SBI HOME LOAN

 SBI Home Loans is the largest Mortgage Provider in the country. It has
successfully helped over 30 Lakh families achieve their dream of owning a
home.
 "THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ
Consumer Awards along with the MOST PREFERRED BANK AWARD in a
survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21
cities across India. SBI Home Loans come to you on the solid foundation of
trust and transparency built in the tradition of SBI. It includes options for
purchase of ready built property, purchase of under construction property,
purchase of pre-owned homes, construction of a house, extension of house and
repair/renovation.

SBI CAR LOAN

 Competitive EMI and car loan interest rates

 Repayment tenure of 7 years
 Provides financing on the On-Road price
 Interest is computed based on Daily Reducing Balance
 No Advance EMI
 Optional Life Insurance Cover from SBI

SBI GOLD LOAN

SBI Gold Loan is offered with loan amount up to Rs.50 lakh and interest rate
going up to 7.30% current but, it will fluctuate. The repayment tenure is up to 3 years
with processing fee charged at 0.50% of the loan amount.

 Flexible loan amount – One can avail loans between Rs.20,000 and Rs.50 lakh
 Flexible repayment tenure – The loan can be repaid through EMIs, with the
maximum period ranging between 12 months and 36 months.
 Flexible loan repayment modes – A customer can use gold loan, liquid gold
loan, or bullet repayment gold loan methods to make payments for their SBI
Personal Gold Loans.
 Security – Gold items provided as security are returned on repayment of loan.
 Fast approval – This loan is easy to avail, with quick approval and minimal
documentation.
 Low processing fee – SBI charges a processing fee of 0.25% of the loan
amount.
 Prepayment – Borrowers can choose to prepay their loan, with no prepayment
charges levied by SBI.

DAY 11
 28

YONO (YOU ONLY NEED ONE) APP:

 Launched on 16-03-2019, YONO Cash is a unique feature available in the

YONO platform (both on the App as well as the online portal). It enables an
account holder to withdraw money instantly from any of the SBI ATMs and
most of SBIs Merchant POS terminals or Customer Service Points (CSPs)
within India without using any physical card or filling up any physical
withdrawal slip.
 The YONO user simply needs to login to the YONO platform and use the
YONO Cash feature to generate a reference number and create a dynamic PIN
for the cash withdrawal. Customer can then use the same to complete the
transaction and withdraw/obtain the cash from any of the channels i.e. ATM,
POS terminal or CSP.
 You will get all the details of the account such as SSA accounts, PPF, Loan,
Deposit, Transaction, and much more.

 Get a mini statement of your last 10 transactions.

 With YONO SBI Lite get mPassbook up to 150 transactions.

THE SOLUTION IS UNIQUE BECAUSE OF MULTIPLE REASONS.

 It is Convenient: It enables customers to withdraw cash from ATMs, POS or

CSPs even if they forget their wallets at home and only carrying their phone.
The YONO Cash transactions are counted over and above the ATM withdrawal
 It is environment friendly: Total elimination of plastic cards
 It is Secure: Eliminates most of the risks associated with physical cards like no
risk of shoulder surfing, no card trapping, no card skimming risk, no lost
card/pin. The PIN is generated dynamically for every transaction

DAY 12
 29

MUTUAL FUNDS:

MITRA SIP

 MITRA SIP is an optional facility offered by SBI mutual fund. This

feature does not in any way give assurance of the performance of any of
the schemes of SBI mutual fund or provide any guarantee of withdrawals
through SWP mode. MITRA SIP allows investors to switch the sip
investments to a target scheme, post completion of the SIP tenure and
monthly SWP will continue from the target scheme. The investor may
select any other SWP amount but is restricted to the multiples mentioned
above and will be based on the initial SIP instalment.
 Systematic investment plan (SIP) is a highly efficient tool for disciplined
investment for attaining rupee cost averaging.
 Similarly, systematic withdrawal plan (SWP) is a tool for that can be used
for setting up systematic cashflows through automated withdrawals.
 MITRA SIP is a tool that combines these two powerful tools and lets
investors create a comprehensive financial solution that can be used
effectively to plan for investors future goals.

DAY 13
 30

MUTUAL FUNDS:

ILLUSTRATION OF NITRA SIP

The above is for illustration purpose only. The NAVS considered for computation
is hypothetical & are not actual NAVs of any schemes. Exit Load Taxation and
other deductibles, as applicable have not been considered in the above
computation. MITRA SIP is an optional facility offered by SBI Mutual Fund.
This feature does not in any way give assurance of the performance of any of the
Schemes of SBI Mutual Fund or provide any guarantee of withdrawals through
SWP mode. MITRA SIP allows investors to switch the SIP investments to a
target scheme, post completion of the SIP tenure & monthly SWP can continue
from the target scheme. The investor may select any other SWP Amount but is
restricted to the multiples mentioned above, and will be based on the inital SIP
instalment. For more details, please read Scheme Information Document &
general terms & guidelines of the Application Form carefully

BENEFITS OF MITRA SIP

 Helps Build long term wealth for Financial Independence Inculcates habit
of systematic investments through SIP + seeks to reap benefits from
regular cash flows through SWP
 One-stop solution for goal-based investing Offers wide alternatives of
Source & Target schemes to choose based on one's risk appetite &
requirement
 Eliminates excess unwanted withdrawal due to predefined Monthly SWP
limit as a multiple of SIP instalments.

DAY 14
 31

DEMAT ACCOUNT:

 A Demat Account or Dematerialised Account provides the facility of

holding shares and securities in an electronic format. During online
trading, shares are bought and held in a Demat Account, thus, facilitating
easy trade for the users. A Demat Account holds all the investments an
individual makes in shares, government securities, exchange-traded funds,
bonds and mutual funds in one place.
 Demat enabled the digitisation process of the Indian stock trading market
and enforced better governance by SEBI. In addition, the Demat account
reduced the risks of storing, theft, damage, and malpractices by storing
securities in electronic format. It was first introduced in 1996 by NSE.
Initially, the account opening process was manual, and it took investors
several days to get it activated. Today, one can open a Demat account
online in 5 mins. The end-to-end digital process has contributed to
popularising Demat, which skyrocketed in the pandemic.
 When you open a Demat Account, you are opening one with a central
depository like the National Securities Depository Ltd (NSDL) or the
Central Depository Services Ltd (CSDL). These depositories appoint
agents called Depository Participants (DP), who act as intermediaries
between themselves and investors. Your bank, like for instance SBI Bank,
is a DP, with which you can open a Demat Account. Stockbrokers and
financial institutions too are DPs, and you can open a Demat Account with
them also.
 Just like a bank account holds money, a Demat Account holds your
investments in an electronic form, which is easily accessible with a laptop
or a smart device and Internet. All you need to have is the unique login ID
and password to access it. However, unlike a bank account, your Demat
Account need not have a ‘minimum balance’ of any sort.
 Holder can check the websites of any of the depositories to get a list of
DPs with whom you can open Demat Account with. The choice of a DP
should ideally depend on its annual charges.
 Note that you have more than one Demat Account, but not with the same
DP. So one PAN card can be linked to multiple Demat and Trading
Accounts. Also, make sure to check the eligibility criteria and documents
required to for a Demat Account so you can choose accordingly.
 32

DAY 15

DEMAT ACCOUNT:

BENEFITS OF A DEMAT ACCOUNT

 No paper certificates: - Prior to the existence of Demat Accounts, share used to

exist as physical paper certificates. Once you purchased shares, you had to store
several paper certificates for the same. Such copies were vulnerable to loss and
damage, and also come attached with lengthy transfer processes. Demat
Account turned all of it electronic, saving you much hassle.
 Ease of Storage: - With a Demat Account you can store as many shares as you
need to. This way, you can trade in volumes and keep track of the shares in
your account. You can also rely on your Demat Account to execute quick
transfer of shares.
 Variety of Instruments: - Apart from stock market shares, you can also use your
Demat Account to hold multiple assets including mutual funds, Exchange
Traded Funds (ETFs), government securities, etc. Thus, with a Demat Account,
you can approach your investment plans more holistically and easily build a
diverse portfolio.
 Easy Access: - Accessing your Demat Account is super easy. You can do so
with the help of a smartphone or laptop and manage your investments from
anywhere, at any time. A Demat Account truly makes investing for a
financially secure future easier and more accessible than it has ever been
before.
 Nomination: - A Demat Account also comes with a nomination facility. The
process of nomination is to be followed as has been prescribed by the
depository. In case the investor passes away, the appointed nominee receives
the shareholding in the account. This feature enables you to make plans for
future eventualities and avoid legal disputes.

TYPES OF DEMAT ACCOUNTS

 Regular Demat Account: This is for Indian citizens who reside in the country.
 Repatriable Demat Account: This kind of Demat Account is for non-resident
Indians (NRIs), which enables money to be transferred abroad. However, this
type of Demat Account needs to be linked to a NRE bank account.
 Non-Repatriable Demat Account: This again is for the NRIs, but with this type
of Demat Account, fund transfer abroad is not possible. Also, it has to be linked
to an NRO bank account.
 33

EXPERIENCE

 Overall, internship is of help to enhance and develop my skills, abilities and

knowledge.
 It was a good experience and memories as not only have gained experience, but
also new knowledge.
 State Bank of India also a good place to do the internship since it provides
numerous benefits and advantage to the practical trainees.
 I am grateful and thankful to my supervisor and several departments of the
Bank and controlling for the experiences and tutoring.
 I learned how to fill the form in Opening Account, Deposit slip, Withdrawal
slip, NEFT/RTGS slip, Multipurpose (statement) slip, signature from slip and
cheque leaf fill etc.
 I learned different loan observe
 I also learned how to register the YONO SBI registration by using Internet
Banking.
 34

CONCLUSION

The institutional training at State Bank of India was undertaken to fulfil the
requirement for the partial completion of the degree of M. Com (Commerce).
The institution State Bank of India is a multinational corporation which was
chosen by us to undergo the institutional training. A period of 15 days was taken
for this training, during which the following enumeration was made:

 The Pondicherry Main Branch of SBI is the only manufacturing unit in

India.
 The bank gives due regard to its culture, code of conduct, ethics, values,
integrity, accounting and innovation.
 The officers of the bank take at most care in customers the officials and
follows a unique policy in providing schemes and maintaining records.
 The training function of the bank is conducted to provide a complete
orientation to its employees at regular intervals.
 They committed to providing a safe and healthy working environment
 They focus on implementing and improving processes and controls for
preventing work-related accidents, injuries and illnesses.
 They are protecting the personal data of employees, customers and
others.
 They also committed to show respect to corporate relation and good
governance by giving its employees security and safety in their jobs.
 They provide guidance to its employees on a wide range of ethical
issues, such as reporting unlawful or inappropriate conduct, respecting
and protecting intellectual property, training in securities and complying
with governmental relations.

The state Bank of India has been highly successful in its objectives in opening a
network of branches in rural and semi-urban areas. It has established itself as the
largest commercial bank of the county. Further, it has helped in developing
agriculture, small industry and business, and uplifting the weaker sections and
priority sectors through liberal credit facilities.