State Bank of Travancore Bhubaneswar
Last Updated : March 20, 2017, 5:02 p.m.
About State Bank of Travancore
State Bank of Travancore was established as Travancore Bank Ltd. In 1945. Being sponsored by the former Princely State of Travancore, Kerala, later on, became a subsidiary of the State Bank of India in 1960. Apart from the general banking business, the bank has expanded its reach in government treasury work and foreign exchange business. The bank is acknowledged as one of the most prominent nationalized banks of India.
The bank offers a wide array of products and services such as personal banking, NRI banking, corporate banking, MSME, and agriculture and allied services. The bank plays an active role in the sound development of the economy of Bhubaneswar by setting up its branch there.The economy of Bhubaneswar depends heavily on agriculture, sericulture, horticulture and IT industry. The vast development of these sectors have led to the development of other sectors such as Banking sector, metals, minerals industry and tourism industry, possible due to the timely infusion of financial aids and grants from the local government in liaison with State Bank of Travancore Bhubaneswar.
The big industrial giants such as Reliance Energy, Balasore Alloys, Infosys, NALCO, SAIL, Tata Steel, Satyam have successfully realized the potential of the city, thanks to the financial development aids provided by State Bank of Travancore. As a result, it has attracted major stakeholders across India to contribute to the city’s economic development.
Branch Addresses of State Bank of Travancore Bhubaneswar
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bhubaneswar | Plot No. N1/40, I.R.C. Village, Nayapalli P.O., Bhubaneswar P.O., Khurda, Orissa, Pin - 751015 | SBTR0000611 | NA | 0674 - 2551258 /7381074441 |
Products Offered by State Bank of Travancore Bhubaneswar
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | (i) Salaried persons, self employed businessmen, professionals and agriculturists, who have regular monthly income and have a minimum of three years of standing / experience in their works are eligible to apply. (ii) The Net Monthly Income(NMI) should be 60 times for age upto 45 years (iii) The Net Monthly Income(NMI) should be 48 times for age above 45 years (iv) Income of spouse can also be considered for NMI | Max. ₹ 500 Lakhs | 9.15% - 11.30% | Upto ₹ 25,000: NIL, ₹ 25,001 to ₹ 2.00 lacs: ₹ 500/ Above ₹ 2.00 lacs: 0.50% of the loan amount + S.T., with a maximum of ₹ 10,000/ | Upto 30 years |
| Personal Loan | (i) For Government/ PSU employees: Normal Personal Loan & Elite Personal Loan (ii) For Corporate employees: Corporate Personal Loan (iii) Minimum age limit of the applicant should be 21 years and maximum 3 years before the date of retirement (iv) Minimum Net Monthly Income for Government Employees should be ₹ 20,000/- & ₹ 10,000/- for Corporates. | (i) Normal-For Persons with Net Monthly Income(NMI) upto ₹ 40,000/-12 times of NMI, maximum ₹ 4.00 lakhs. (ii) Elite-For persons with NMI above ₹ 40,000/-15 times of NMI, maximum ₹ 10.00 lakhs (iii) Corporates-15 times NMI, maximum ₹ 10.00 lakhs | 11.00% - 14.00% | 1.00% of the loan amount sanctioned(Service Tax as applicable rates should be collected separately) | Upto 5 years |
| Car Loan | (i) Salaried and regular income earners with a minimum 2 years standing /experience in their line of activity. (State/ Central Government, Public Sector undertakings, Corporations, Private sector companies, Insurance Companies and Banks and also pensioners). (ii)Commissioned Officers in defence services with a minimum 2 years of service. (iii) Professionals, Self-employed, Businessmen, proprietary/ partnership firms and others who are income tax assessee with a standing of 2 years can avail of the loan facility. (iv) The borrower should be in the age group of 21 to 65 years. | (i) Loan amount starting from ₹ 8 lakhs and above (ii) Car Loan as Term Loan Normal : Upto ₹ 10.00 lakhs Premium car Loan : ₹ 10.00 lakhs and above | 7.20% - 7.90% | (i) 0.30% of loan amount with a minimum of ₹ 1000/- and a maximum ₹ 3,000/- .(Service tax extra) (ii) When loans are rejected: 25% of the Processing Fee will be retained if the application is rejected after pre-sanction survey subject to Minimum of ₹ 250/- plus service tax | Upto 7 years |
| Business Loan | For MSME Contractor Plus (i) Registered/empanelled contractors of good repute undertaking works on behalf central and state governments/local bodies/railways/PSU's/MNC's and reputed private sector organizations (ii) Sub contractors executing works on behalf of main contractors For SME Easy Loan (i) Existing enterprises/new connections, including takeover For Doctor's Special Individuals, Patnerships, Corporates, Trusts(with power to borrow). Applicants should be Medical/Dental/Homeopathic/Ayurvedic Graduate from recognized institutes | For MSME Contractor Plus (i) Cash Credit: minimum ₹ 5 lakhs and maximum need based (ii) Term loan-need based For SME Easy Loan (i) Minimum : Above ₹ 10 lakhs (ii) Maximum : Need Based For Doctor's Special | For MSME Contractor Plus 11.05%p.a.-14.05% p.a. For SME Easy Loan 10.55% p.a.-10.80% p.a For Doctor's Special 11.30% p.a.-12.05% p.a | N.A. | For MSME Contractor Plus Upto 7 years For SME Easy Loan and Doctor's Special Upto 8 years |
| Fixed Deposit | Individuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companies | NIL | 2.90% - 6.20% | NIL | 7 days to 10 years |
Documents Required at State Bank of Travancore Bhubaneswar
Products | Documents |
|---|---|
| Home Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property you look to buy & construct |
| Personal Loan | Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport Address Proof- Utility bill/Passport/Aadhar card/Voter ID Income Proof- Latest Salary Slip/ ITR/Form-16 Other Income Proof for Salaried Individual Letter of Authority from Employee authorizing the employer to deduct monthly installment out of salary for remitting to bank and Letter of Undertaking from the employer for check off facility OR Letter of Authority from employee/ applicant authorsing the Bank to deduct the loan instalment out of the salary routed through branch. Other Income Proof for self-employed professionals IT returns for the last two financial years. Proof of professional qualification (Copy of highest professional degree held). Proof of office/commercial address. Bank Statement- Last 3-6 Month Bank Statement |
| Car Loan | For Self-Employed, Professionals, Proprietory/Partnership Firms and Businessmen Statement of Bank account of the borrower for last 6 months. Proof of Identity: - (any one of the following) - Passport copy/PAN Card/ Voters ID card/ Driving Licence etc. 2 passport size photographs of borrower. Income Proof: - Latest ITR for 2 years. Address Proof: - (any one of the following) - Ration card/Driving licence/Voters ID Card/Passport Copy/Telephone Bill/ Electricity Bill/Life Insurance policy/ PAN Card , Aadhar Card. I.T. Returns/Form 16 for the last 2 years. Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate/sales tax certificate/SSI registered certificate/copy of partnership. PAN CARD to be obtained compulsorily in all cases. Apart from PANCARD, Branches should obtain another valid ID proof like Aadhar card or driving License also. |
| Fixed Deposit | An Individual, Hindu Undivided Family, Sole Proprietorship Concern ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque A photograph Trusts Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the account Associations/Clubs By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account Partnership Firm Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account Public or Private Limited Companies Board Resolution / Authority Letter Memorandum & Articles of Association Certificate of Incorporation Certificate of Commencement of Business (Public Limited Company) Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC Governing Act / Rules and Regulations(PSUs) (certified true copy) |
