Click on the following links for more details
Core Banking Solution (CBS)
Internet Banking (INB) Real Time Gross Settlement (RTGS)
List of RTGS
enabled Banks and Branches
(with
their IFSC codes)
List
of RTGS enabled Branches of
SBM (with their IFSC codes)
National Electronic Fund Transfer (NEFT) ATMs
Core Banking Solution
State Bank of Mysore
is the first karnataka-based Bank with fully networked
branches. The Bank is fully
on"CORE
BANKING SOLUTION" From
31.12.2005. In record time of one calendar year, the
Bank completed the exercise of converting all the branches
to Core Banking to provide the convenience of anytime,
anywhere banking to all our valued customers.
State Bank of Mysore embarked upon the latest Banking Technology
platform by implementing the Core Banking Solutions (CBS)
across all its branches, with an objective of providing
banking convenience to the customers. Follwing are some
of the features of CBS.
> Facilitates 24 X 7 Banking
As a result of implementing Core Banking, most of the
facilities being offered by the Bank are available to
customers 24 hours a day, 7 days a week. The transactions
are performed using multiple channels such as ATMs and
Internet Banking. Further, the trasactions using these
delivery channels are updated in the Central database
in real time. Facilities like Phone Banking and Mobile
banking would also be interfaced in CBS in due course.
> Anywhere Banking
Customers can avail of banking services across all branches
and channel network irrespective of location where their
accounts are maintained. Products like CORE POWER and
MULTICITY CHEQUE have been introduced in this direction.
Besides, CBS facilitates swifter remittance of funds
across Banks through its in-built RTGS & NEFT functionalities.
All branches of the Bank are RTGS enabled.
> Integration with strategic sectors
Core Banking integrates all strategic sectors of banking
such as domestic banking and trade finance including
forex. As a result, the information related to these
areas is centrally avilable for use or reference. Treasury
and Asset Liability Management functions will also be
integrated to CBS in due course.
> Business Process Re-engineering (BPR) enabler
Core Banking enables implementation of BPR initiatives
of the Bank and facilitates centralised handling of various
process - for both Assets as well as Liabilities. This
has helped our branches in reaching out to customers
as they can now do less and less of back office work.
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Internet Banking-
Transaction based Internet
Banking facility that enables customers to view
and operate their accounts through the internet, 24x7 hrs
and 365 days, is now availabe to both
retail and corporate customers
Application
Form <<<<< Individual customers click
to
download application forms. Corporate customers may contact
the nearest
branch
>> Transaction
based
Internet Banking in SBM has been in operation since
JULY 2005
>> Customers of any branch of State Bank of Mysore can
avail this facility
>> It is a 24 X 7, 365 days service channel for use
anywhere, anytime
>> The Channel has real time transaction processing capability
and is supporting various business initiatives suitable
to all segments of customers
>> Provides for select banking operations through
the Internet and enables
customers to obtain information
Retail Customers
Retail customers can use Internet banking to:
>> Transfer funds between customers different accounts
with the branch
>> Transfer funds to third parties within or other
branches of the Bank
>> View/print statement of accounts
>> Set up standing instructions
>> Online request for issue of Demand Drafts and
Cheque Books
>> Bill payment facility
The following bills can be paid through the internet.
1. ALL CUSTOMERS OF THE BANK:
a. SBI Card Payments. (Pay bill)
b. SBI Life Insurance (View & Pay)
c. ICICI Prudential Life Insurance
(View & Pay)
d. Birla Sun Life Insurance (View & Pay)
e. Om Kotak Mahindra. (View & Pay)
2. CUSTOMERS IN DELHI.
a. Bharathi Infotel ( Touchtel) (View & Pay)
b. MTNL (View & Pay)
c. BSES, Yamuna (View & Pay)
d. Idea Cellular Ltd. (View & Pay)
e. Sterling cellular Ltd.(Hutch) (pay
bill)
f. Bharathi Cellular ( Airtel) (View & Pay)
g. North Delhi Power Limited (View & Pay)
h. BSES, Rajadhani (View & Pay)
3. CUSTOMERS IN MUMBAI.
a. BEST. (View & Pay)
b. Tata Power (View & Pay)
c. MSEB (View & Pay)
d. BSNL, Kalyan (View & Pay)
e. Dolphin (MTNL) (View & Pay)
f. BPL Mobile (View & Pay)
g. Bharathi Cellular (View & Pay)
h. Mahanagar gas (View & Pay)
i. Municipal Corporation of greater
Mumbai (View & Pay)
j. Thane Municipal Corporatrion (View & Pay)
4. CUSTOMERS IN BANGALORE.
a. BESCOM (View & Pay)
b. Airtel. (View & Pay)
c. Bharathi Infotel (View & Pay)
d. Tata Teleservices Ltd (View & Pay)
e. Spice Communications (View & Pay)
f. Hutch. (View & Pay)
Corporate Customers
STATE BANK OF MYSORE’s "Corporate
Internet Banking" enables its Corporate customers
to carry out their banking activities from their desktop,
aided
with the power and convenience of the Internet. The service
helps to remove the restrictions imposed by geography
and time on the ordering of transactions, while granting
full
flexibility to the Corporate to manage its transactional
banking, with least intervention and input from the Branch.
To transact over the Internet, the Corporate should be
in complete control of administration of the back-end
process i.e. dynamically changing limits on banking transactions
which can be carried out by executives, monitor transactions
and have flexibility for granting discretionary access
on banking accounts to internal users. Internet Banking
Service will give the Corporate the freedom and ability
to carryout all this without dependency on the Bank.
Benefits of Corporate Internet Banking :
>> Transfer funds between corporate’s different
accounts within the Bank
>> Make payments to vendors and third parties
>> Schedule the transactions
>> Bulk uploading of transactions
>> Salary credits to corporate employees
>> Permit executives to operate/monitor accounts
remotely and even participate
in joint authorisation remotely
>> E-payment of taxes (Service tax and Excise Duty)
REAL TIME GROSS SETTLEMENT
(RTGS).
Consequent to introduction of Core Banking Solution all our branches have been
enabled to effect RTGS transactions. This facility enables seamless transfer
of funds between accounts of customers of different banks / branches that have
been RTGS enabled. Transfer of funds between banks is also to be done through
RTGS.
There are two types of transaction
in RTGS i.e.
R41- Customer Transactions.
R42- Inter Bank Transactions.
Operating session timings
| |
Monday to Friday |
Saturday |
| RBI Timings |
9.30 hrs to 16.30 hrs |
9.30 hrs to 12.00 hrs |
| Customer Timings |
9.30 hrs to 16.00 hrs |
9.30 hrs to 11.30 hrs |
Inter Bank Transactions: 9.30Hrs
to 18.00Hrs 9.30Hrs to 14.00Hrs
Salient features of the scheme:
· RTGS
is managed by RBI, enabling member banks to receive and send
payment across bank/ branches.
· The
payments/ receipts are effected normally on real time basis.
· Branches
need to be RTGS enabled to undertake these transactions.
· Currently
the facility is not available on Sundays.
List of RTGS enabled Banks and Branches
(with
their IFSC codes)
List of RTGS enabled Branches of
SBM(with their IFSC codes)
Charges for RTGS transactions are:
Facility
|
Charge
|
| For Customer to Customer |
1. For outward Rs.50/- per transaction
+ cash handling charges. Irrespective of the amount.
2. For inward Rs.100/- per message to be recovered
from the recipient .
|
| For Bank to Bank |
Rs.1.50
per 1000 /-
Min Rs,250/-
Max Rs. 1500/-
(Plus cash handling charges)
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NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT) SYSTEM
Reserve Bank of India has introduced a new payment product
called ‘NEFT’ System.
This payment system is available for all the branches of our Bank for transfer
of funds to the customers of other Bank branches. In other words, the system
facilitates Inter Bank transfer of funds.
Method for putting through the transactions.
. NEFT system is applicable
for transfer of funds between Banks approved
by RBI. Only authorized branches of participating Bank can
receive and send messages.
. A bank customer(i.e. sender or originator) willing to avail of the remittance
facilities offered by a sending bank shall submit an "NEFT
Application Form" authorizing the bank to debit the sender's account
and transfer funds to the beneficiary specified in the NEFT Application
Form.
. A transaction within
the NEFT system will be initiated when the sending
bank accepts application form indicating the date of transfer
of funds.
. Currently, the clearing
settlement for NEFT takes place at RBI in six
batches between Mondays to Fridays at 0930 hrs, 1030 hrs, 1200
hrs, 1300 hrs, 1500 hrs and 1600 hrs. On Saturdays there will be
three settlements – 0930 hrs, 1030 hrs and 1200 hrs.
CHARGES for NEFT transactions
are
as listed in
the following table:
Facility
|
Charge
|
| Outward Remittances |
1. For outward Rs.50/-
per transaction+ cash handling charges.
Irrespective of amount
2) Inward -Nil-
|
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