SBI Corporate Banking

The State Bank of India (SBI) is the country’s largest bank, with over 15,000 branches. It offers a broad array of banking products and services to both retail and commercial customers, with Internet banking reigning supreme in the global finance industry. In this article, we will learn about various SBI corporate banking services and their features, as well as the eligibility for gaining corporate internet banking services. Corporate banking/Business banking is all about providing businesses with a multitude of customised banking services, like loans, to support and enable them in conducting and managing their day-to-day operations and business activities.  Corporate bankers are commonly referred to as “Relationship Managers” because they are responsible for building long-term customer connections instead of working on a specific transaction/deal. 

State Bank of India

The State Bank of India (SBI) is the largest bank in India, which has more than 15,000 outlets and five affiliated banks in even the most remote corners of the country. With Internet banking ruling the finance industry of the world, the State Bank of India provides a multitude of banking services and products to both retail and corporate customers. It allows you to conduct business at any time of day or night. Differentiated features of banking products and services are necessary for corporate clients based on the nature of giant corporations and the number of transactions that occur in a day. SBI Corporate Banking is a system that allows corporate customers such as businesses,  partnerships, companies, trusts and sole proprietorships to do online banking transactions from anywhere, at any time. 

Types of SBI Corporate Banking Accounts

• SBI Khata
• SBI Vyapaar
• SBI Khata Plus
• SBI Vistaar 
• SBI Saral

Online SBI – Corporate Banking Accounts from SBI

SBI khata

The user gains a considerable advantage over other corporate banking accounts by getting access to their accounts 24 hours a day, seven days a week. Khata enables users to access their bank details from any location. This service is offered at all State Bank of India branches. Khata’s benefits include:

1. Access to account information.
2. Account information can be viewed and the account statement can be downloaded.
3. Suitable for accounts controlled by a single person.

SBI khata plus

SBI Khata Plus is a product of SBI Khata, in which the user gains an edge over others by having access to their accounts 24 hours a day, seven days a week. The services and features are the same as that of SBI khata, but the only difference is SBI khata plus is used for corporate customers running businesses. Every authorised person of a company can view all the information in this type. 

Saral SBI

It’s a single-user and simple SBI Corporate Banking product built specifically for MSMEs and is very user friendly.

Vistaar SBI

• Liberty to transact in any geographical place from wherever the consumers desire.
• Liberty to make urgent economic choices in any situation. 
• Freedom to enable staff to conduct commerce in a modern manner within the framework established by the company.

SBI Vyapaar

• In SBI’s words, “Take advantage of the convenience of dealing via the web, making online payments, and running a business in style with SBI Vyapaar”
• Vyapaar can be used to facilitate commercial demands.

SBI Corporate Banking Features

For any of your bank accounts with SBI, OnlineSBI can create a date range statement of account. The document provides transaction information, account opening and closure dates, and the account’s total balance.

Customers can use OnlineSBI to create Demand Drafts and  Banker’s cheques   Direct debit is a facility provided to businesses that have Vistaar services and supply goods/products to their distributors and dealers allowing the company to directly debit their dealers’ accounts held at SBI offices at various locations.

Customers that use an ERP system benefit from security features incorporated into the system.

Corporate Internet Banking enables users to view their Corporate Demat accounts from anywhere in the world. The following web statements can be generated after viewing the account details:

1. A declaration of ownership
2. Transactions statement
3. Billing statement

SBI’s working finance solutions cover a wide range of financed / non-funded facilities, spanning cash loans to structural loans, to fulfil the needs of various industries, trades, and services.

Conclusion

To conclude, Corporate customers of SBI Corporate Banking can conduct online banking from anywhere at any time of the day. Khata allows customers to obtain their bank account information from anywhere. Saral SBI is a user-friendly single-user product designed exclusively for MSME. Vistaar SBI enables people to conduct transactions in any geographical location from wherever they want. Commercial demands can be met with the help of SBI Vyapaar.