Technology Offering - Yono Business - Business

Overview:

Internet Banking for corporate customers is available 24x7 for a wide range of services viz.  Fund Transfers to accounts maintained with SBI and/or other Banks, Tax Payments, Utility Bill Payments, generating Account Statements, MIS reports etc. There are multiple payment options available viz. RTGS, NEFT, IMPS for fund transfers.

• Net Banking of SBI operates under secured environment and is trusted by our esteemed customers to perform financial transactions. There are multiple in-built checks and balances available in the application to prevent fraudulent transactions.

Key features:

The product is designed in a manner suitable to every corporate need. The number of users vary based on product type availed by corporates as under:

• Single User (erstwhile Saral and Khata)
• Multiple User (erstwhile Vyapaar/ Vistaar/ Khata Plus)

Single user product suits small corporates where there is only one key person who performs all types of activities on net banking like funds transfer, tax payments, supplier payments, utility bill payments, generating account statements etc.

Multiple user product is best suited for large and medium sized corporates. Corporates can entrust important functions to different officials and can have separate key users viz. Regulator, Administrators and Authorisers to control and manage functions/transactions of all users in CINB application. Each user can be mapped with pre-defined functions to perform on net banking keeping in view the role and hierarchy in the organisation.

Services available are:

i) Fund transfers within accounts

ii) SBI to SBI transfers (intrabank payments)

iii) RTGS transaction

iv) NEFT transaction

v) IMPS transaction

vi) Supplier Payments

vii) VAN Based Payments

viii) State Bank Collect

ix) Deposits opened through online

x) Tax Payments

xi) Utility Bill payments

xii) Bulk Payments through file upload

xiii) Demand Draft/ Bankers’ Cheque request

xiv) Generating Account Statement

xv) MIS reports etc.

Overview:

Facility for our corporate customers to submit IMLC application is available online 24x7 in eTrade

Key features:

The salient features and advantages of using yono business for import letter of credit are as under:

Superior Customer Experience:

• IMLC application process in eTrade is fully digital
• There is no need to visit the branch or submit or courier any physical documents by the customer
• Request for Import LC can be submitted online in under 10 minutes

Simplified Processes:

• Stamping on LC application is waived for digital journey
• Only onetime physical stamped indemnity needs to be submitted to branch
• Physical submission of FEMA declaration (Form A1) is waived for digital journey
• Request for lien marking on deposits can be submitted online to the branch

Enhanced User Interface:

• LC limits (Total, Utilized and Available) are displayed
• Customer level margins are displayed
• Facility to download preview of IMLC application in PDF format is available
• Facility to download the IMLC in PDF format on approval by Bank is available

Robust System

• System is flexible on number of checkers required.
• Depending upon the organisational structure and risk perception, different levels of checkers can be set up.

Achieving Customer Delight

• Facility of saving templates for repetitive requests is available
• Facility to save incomplete requests as saved drafts is available
• Real time status is available in notification
• Synchronous chat system is available

Overview:

Facility for our corporate customers to book foreign exchange rates online.

Key features:

• Book exchange rates online at convenience of customers
• Currently customers can book exchange rates for USD/INR, GBP/USD and EUR/USD currency pairs and tenors – Cash/Tom/Spot/Forwards (booking and cancellation)
• Book live rates, place limit and stop loss orders
• Dashboard with an integrated view of all active orders and deals
• View forward contract limits to better plan hedging decision
• Access to market trends and market insights to make informed decision on forex bookings

Customers may contact Regional Treasury Marketing Units (RTMUs) through their home branch for further details on the product.