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Press ReleaseState Bank of India launches TAB banking and e-KYC

Mumbai April 15 2014:Mrs. Arundhati Bhattacharya, Chairman State Bank of Indialaunched three digital banking facilities for the convenience of SBI customers. Two at

the customers door step using TAB banking - one for customers opening Savings

Bank accounts and another for Housing Loan applicants. The third is e-KYC (Know your

Customer).

SBI will offer its valued customers the facility of opening accounts at their door step

through Tab Banking. The sales staff of SBI will visit the customers at their home and

using the tablets get the formalities completed for account opening like details of KYC

and photographs of applicant. These will be loaded on the CBS and the account

number will be sent to the customer through SMS/e-mail. This will provide

convenience and time saving to the customer for opening accounts with SBI.

SBI will also offer TAB banking facility at the place of the Housing Loan applicant, for

in-principle approval of home loan. The Home Loan Sales Team will visit the applicant

and capture on the tablet KYC details, information on the income & deductions and

details of the proposed property purchase (House/Flat). Based on the income data

furnished and cost of the project, the applicant will be advised on the approximate

housing loan amount eligible and the EMI amount. The applicant will get in principle

approval for the proposed Housing Loan through email. The actual loan will be

processed subsequently subject to usual formalities.

State Bank of India also announced the launch of e-KYC services. Under this facility, e-

KYC certificate is generated as an identity document. Fingerprints of the customer are

captured and sent to UIDAI for authentication of identity and address proof. On

successful verification from UIDAI, the e-KYC service will respond to display

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demographic details like [Name, year/date of birth, Gender, Address, Phone, email (if

available)] and photograph. The e-KYC facility also has a provision to print and issue

an e-KYC certificate which is embossed with Quick Response (QR) Code to avoid

duplicate printing of the certificate by third party. The certificate will be used to open

an account subject to satisfying other account opening requirements.

The facilities will be rolled out across the SBI network in a phased manner.

In a simple ceremony held at the Banks Corporate Centre, the applications viz.

Account Opening, Housing Loan in-principle approval and e-KYC Services were

inaugurated by Smt. Arundhati Bhattacharya, Chairman of the Bank in the presence of

other senior officials viz. Shri P. Pradeep Kumar, MD & GE(Corporate Banking Group),

Shri P.K. Malhotra, DMD (Operations), Shri N. Jambunathan, DMD & CIO, Sh. K.

Ramachandran, CGM (Chief Technology Officer) and Shri K. Venugopal, CGM(Personal

Banking).