The Sarvodaya Sahakari Bank Ltd.

The Annual Report Of Summer Trainning

GANDHI DISHA C. 37 Contractor Karishma R. 19

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

DECLARATION

We, Contractor Karishma R. & Gandhi Disha C., here by declare that the project entitled Annual Report Of Summer Trainning under the guidance of Prof. ____ submitted in partial fulfillment of the requirements for the award of the degree of Bachelor Of Business Administration to South Gujarat University, Surat is my original work research study carried out during 1st May, 2012 to 31st May, 2012 and other degree / diploma / fellowship other similar title or prizes to any other institution / organization or university by any other person.

Place: Date:

Signature

Contractor Karishma R.(19) Gandhi Disha C. (37) T.Y.B.B.A (SEM-5)

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

B.R.C.M. COLLEGE OF BUSINESS ADMINISTRATION Athwalines, Surat

CERTIFICATE OF THE FACULTY GUIDE

This is to certify that the project Report, entitled, Annual Report Of Summer Trainning Submitted in partial fulfillment of the requirements for the awaed of the degree of BACHELOR OF BUSINESS ADMINISTRATION TO SOUTH GUJARAT UNIVERSITY, SURAT is a record of bonfire research work carried out by Contractor Karisham R. & Gandhi Disha C. under my Supervision and guidance.

Singnature Prof. (Project Guide)

Signature Prof. (Co-ordinator)

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

INTRODUCTION

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

Meaning of Bank: Bank is one typc of Organization, which is rclatcd with monrytary activity. They collect money from one class of economy and give to the other class of economy. It means they collect deposit from people and give them to the needy people as advances. In funny language you can say, Banking means my mind and other peoples money In short Bank perform the function of Exchange of money..

Types of Banking Institution:-

In India, there are two part of Bnaking:1. Oraganized Department 2. Unorganized Depatment First part is latest which include Indian Joint Stock Company, Foreign Exchange Bank, Co-Operative Bank,, Land Mortgage Banks, postal Savings Bank, SBI and RBI. On the other hand, Second part include shrafi firm, shrof, etc. Today organized money market it about more then 60 %

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

INTRODUCTION

Established in the year 1982 with an authorized Share Capital of Rs. 25.00 lacs and the paid up Share Capital of Rs. 4.00 lacs. The Sarvodaya Sahakari Bank Ltd. , Surat is rightly backeted as one of the leading and top-most co-operative banks of the city.

From a small rental place into the centrally air-conditioned well equipped premises, Bank had leapfrogged in the year 1991. To meet with the high-tech demand of the time, Bank got fully computerized in the year 1993 and gratified the inhabitants of the City with its efficient services. Thereafter many Bank took a left out of it and got themselves computerized.

To serve the larger number of people, the Bank kept on opening its Brancher at present Bank is having network of 7 (server) Branches.

To compete and meet with the demand of tome, in Feb08, Bank Started implementation of CBS facility at the Head office, So that its customers can avail Better Facilities. In a Short Span of 1 year. It liked-up all its branches with CBS. To ease the burden of its customer and to offer them better services. Bank has also initiated mobile (SMS) Banking Services. It also desires to offer off site ATM Services in the different areas too. Bank has also installed KIOSK at all the branches so as to get the account information for its customer Above that +the Bank is to Provide internet Banking after completion of certain required Procedures.

Realizing the fact of difficulty in the survival only on the income out of the Banking business, the Bank has enteres into the life Insurance field with the help of Kotak Mahindra Old Life Insurance Ltd.on its Foundation day (i.e. 08TH May 2008) to expand

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

and Flourish. Moreover the Bank is already at work of protecting the assets & valuables of its customer throught the General Insurance Policy in affiliation with ICICI Lombard General Insurance Co. Ltd. And is earing handsome commission fro its nonbanking business.

Brief History Of The Srvodaya Sahakari Bank Ltd :-

The Srvodaya Sahakari Bank Ltd. Established by Mr. Vitthalbhai. P.Amin, President of Gujarat Urban Co-Operative banks federation of that time. Mr.Ashabhai Patel, President of Surat District Co-Operative Sangh, was the President of inauguration. Mr. Arunbhai Jariwala, the President of Federation of Art Wearing Industries, was the special gust and blessing given by rev. Narmadnandji Maharaj. Bank is registered according to the rules of the co-operative groups as note no.SE/5071 dated 2nd February ,1982 and it is approved by the license no.SD/GJ/298 dated 3rd May,1982 from the bank of India. The bank was founded on 8 th May, 1982 with the authorized capital of Rs.25,00,000 and the paid capital of Rs.4.14 Lacs. In the beginning there were 803 members. The Bank was stated at 10, Sadhana Society, Varachha Road, Surat, the house of the President of the bank of that time Mr. Prabubhai Makanjibhai Bhakta. The main intention of bank was to help financially to economically poor classes of the society, small merchants, small industries and laborers for their advancement. Moreover, it was also the reson of the bank to encourage the small savers to have the habit of to saving of money. In the begging. The bank was given a limited working area of ward no.5 of S.M.C., Varachha, Road from there difficult to make progress in the banking area in such a small work field. Although, by checking chart of the bank history progress everyone is impresses by slow yet study of the bank. For the purpose of expanding the service area of the bank, the bank has started its office at their own building with facility of centrally A.C. named SHREENIDHI near Varachha Road Subway on 15th April,1991. So that bank has got the customer of Varachha Road as well as A.K. Road, Sumul Dairy Road, Vastadevdi Road and Station Area. By taking into consideration the requirement of electronic banking system, the directors of the bank had started to think about the computerization of the bank in

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

1991. In te year 1992-93 with the help of directors of the bank and their knowledge, staff members and their great efforts it became first computerized bank of Surat. The bank had started its first branch at Centre Point Building. Kadiwala School, Ring Road on 27th March, 1997 and on the same year on 3 rd December it had started second branch at Ved Road. After that the bank was continued its progress and strted its third branch on 29th August, 1999 at Puna Kumbhariya Road, Magob . And fourth on 23rd November, 1999 at Sargam Shopping center, Parle Point. The ATM facility is available at Main Branch, Ring Road Branch and Parle Point Branch. The VAT machine and Tele Banking facility is available at all the branch. By taking intoTele Banking facility is available at all the branch. By taking into consideration the requirement of customer the bank has started the facility of Safe Deposit Walt. The bank has started single window concept at all branch so that customer can make any transition at any counter ie. Deposit cash, withdraw cash, clearing. Cheque, transfer, etc. The bank has given facility of DMAT (Dematerialization) account and it collect the light bill of the GEB. In the continuous progress of the bank Mr.Praffulchandra Ambalal Shah, President and Director of the Bank from last 18 years, Mr.Vipinbhai shah, Adviser and other staff members gives their valuable support.

VISION & MISSION OF BANK

The Bank became the FIRST of its kind in the South Gujarat & second in the State of Gujarat by providing the ATM Facility to its customers SINCE 1996.The Bank was the first Co-op. Bank in Gujarat to offer the VAT (View Account Terminal) facility at all its branches. Ours was the FIRST Co-op. Bank to get the approval for sanction of Term Loans under TUF Scheme.By The National Federation of Co-op Credit Society (Delhi) , the Bank got the Second position in the year 1998 & 99 at the national level for getting Class A Audit & for being the non-controversial Bank It also acquired the FIRST position in the district for the Best services at the competition staged by the Surat Jilla Sahakari Sangh in the year 2001/02.Further in the year 2008/09, Bank secured the 2nd prize for the stunning performance in the entire south Gujarat at the function of Toppers Award organized by South Gujarat Banks Association. Our's is the ONLY Bank in the Surat City to cater to the needs of huge nos of FLOOD Victims in the year 2006.Also affiliated with some Charitable Institutions for a Good cause of serving persons economically weak.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. List Of Board Of Director

No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Name Mr. Prafulchandra A.Shah Mr. Rameshchandra J. Reshmwala Smt. Dr. Jayaben B. Bhakta Dr. Shri Kanubhai G. Mawani Dr. Shri Bharatbhai N. Shah Mr. Madhusudan N. Katargamwala Shri Kanubhai H. Shah Mr. Rajendrabhai M. Chokhawala Dr.Shri Nanubhai D.Harkhani Shri. Mahendrabhai R. Kajiwala Shri. Nareshbhai v. Patel Shri Kiritbhai G. Gandhi Shri. Vipinbhai N. Shah Shri Utpalbhai C. Choksi Shri Maheshchandra K. Jariwala Shri Pramod B. Patel Position Chairman Vice.chairman Managing Director Director Director Director Director Director Director Director Director Director Exp.Director Exp. Director Gen.Manager BR.Manager

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The Sarvodaya Sahakari Bank Ltd.Bank Ltd. BRANCHES OF BANK

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The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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No. 1.

Branch Name Head Office (Varachha Road)

Address Shrinidhi Khand Bazar, Varachha Road,Surat -395006

2.

Ring Road Branch (Khatodra)

Centre Point Building, Near Kadiwala School, Ring Road, Surat-395003

3.

Ved Road Branch

Ramji Chembers, Ramji Nagar, Opp. Nani Bahuchraji Temple, Ved Road, Surat395004

4.

Athwalines Branch

M -25, Shargam Shopping Center, Parle Point, Surat

5.

Puna- Kambhari Branch

N J Complex, Puna Kambhariya Road, Surat

6.

Textiles Market Branch

L-G/259-262, Adarsh Textiles Market-1, Opp. Textile Market, Ring Road, Surat.

7.

Bamroli-Pandesara Branch

Plot No.-B/34-35, Jalaram Nagar, Piyush Point Char Rasta, Gujrat Housing Board, Pandesara, Surat-394221

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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HUMAN RESOURCE MANAGEMENT

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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Hierarchy

Chirman

General Manager (GM)

BOARD OF DIRECTOR

Managing Director

Exp. Director

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. Social and Academic Activities of Bank:-

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Bank gives doniation to various institutes like school, colleges, hospital, trust, etc. the Bank complete their social responsibility by providing better service and helping them. The following table represents the name of some party donated by the Sarvodaya Bank.

Donation given by Bank in the Year 2001-02

Sr.No. 1.

Name of the Party

Shree Ambikaniketan Medical Trust, Surat. (Total Donation Rs.11,00,000/-) National Institute for Women and child development Shree Malchand Satlaniwala Seva Trust Sadhana Vidhyabhavan Girikunj Charitable Trust

Amount
Rs.8,50,000/-

2. 3. 4. 5.

Rs.10,000/Rs.50,000/Rs.15,000/Rs.15,000/-

Total

Rs.9,40,000/-

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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PLANT LAYOUT

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. PRODUCT

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Loan Products: Personal Loan Eligibility Criteria:

Any salaried persons / Professionals - Self Employed / Retailers. The purpose considered are, social cause / small repairs of property / Child education etc. Loan granted up-to 5 times of the net monthly income of the applicant/s Or Rs.1 lacs whichever is less. Minimum two personal guarantees having income / asset expectable to the Bank.

Effective Rate of Interest: 14 % * Processing Charges: Nil Pre-payment Charges: Nil Share Money Contribution: 5 % of the Loan Sanctioned. Tenure For Repayment: Maximum up-to 40 months. How to apply
An application in Banks Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s

Photo I.D. Income Proof. Residential Address Proof. Proof of Immovable Property if owned by the applicant. Bank A/c Statement for the last six months. Statement of A/c for Loan / Advance facility availed from other Bank / F.I. A letter of undertaking from the employer to deduct of EMI from salary in case of salaried person if agreed by their Employers.

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For the Guarantors

Photo I.D. Income Proof. Residential Address Proof. Proof of Immovable Property if owned in their name.

Loan Products: Vehicle Loan

Eligibility Criteria:
Any salaried persons / Professionals - Self Employed / Businessman. Only for the purpose of purchase of New Vehicle for personal usage. Loan amount will depend upon the repaying capacity of the applicant and the worth of the personal guarantees offered.

For application under Quick Disposal Scheme:

Maximum Loan Amount for Two Wheelers Vehicle Rs. 50000/ Maximum Loan Amount for Four Wheelers Vehicle Rs. 500000/-

Personal Guarantee having income / asset expectable to the Bank:

For Two Wheelers Loan - At least One Person. For Four Wheelers Loan - At least Two Persons.

Primary Security: Hypothecation of Vehicle. Rate of Interest: For Two Wheelers Loan: 13 %. / For Four Wheelers Loan: 12 %. Processing Charges: For Two Wheelers Loan : Rs. 100/- / For Four Wheelers
Loan : Rs. 500/-

Pre-payment Charges: Nil Share Money Contribution: 2.5 % of the Loan Sanctioned. Tenure For Repayment: For Two Wheelers Loan: Maximum up-to 24 months. /
For Four Wheelers Loan: Maximum up-to 48 months.

How to Apply:

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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An application in Banks Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s

Income Proof. Copy of I.T. Pan Card. Copy of Driving license (In Force). Residential Address Proof. Proof of Residential Property owned by the applicant / member of the family. Bank A/c Statement for the last six months. Statement of A/c for Loan / Advance facility availed from other Bank / F.I

For the Guarantors

Photo I.D. Income Proof. Residential Address Proof. Proof of Immovable Property if owned in their name

Loan Products: Home Loan Eligibility Criteria:

Any person having sufficient repaying capacity For the purpose of Purchase OR Construct a House Property for residence within the District Surat. Loan maximum up to 85 % of the Purchase Cost as per Sale Agreement OR Cost of Construction as per Construction Agreement in case new Construction OR Valuation by the approved valuer of the Bank whichever is less. Loan amount will depend upon the repaying capacity of the applicant and the worth of the personal guarantees offered.

Personal Guarantee:
For that purpose at least two persons having income / asset expectable to the Bank. Primary Security: Mortgage of the House Property. Rate of Interest Floating Scheme: 10 %. (Shall be changed if required by the bank after a Period of 2 years) Rate of Interest Fixed Scheme: 11 %. Interest Scheme once selected at the time of disbursement cant be changed afterwards.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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Processing Charges: Minimum Rs. 250/- Or 0.50 % of the Sanctioned Amount out of which Rs.250/- to be deposited at the time of submission of the loan application. Pre-Payment Charges: Nil Share Money Contribution: 2.5 % of the Loan Sanctioned. Tenure For Repayment: Maximum 180 Months, depending upon the age of the applicant/ co-applicants.

How To Apply:
An application in Banks Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s:

Income Proof. Copy of I.T. Pan Card. Present Residential Address Proof. Copy of Sale Agreement in case of purchase of house property.

In case of construction:

A copy of Construction agreement. A copy of sale-deed of the land. A copy of approved plan along with the permission granted by S.M.C. Bank A/c Statement for the last six months. Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

For the Guarantors:

Photo I.D. Income Proof. Residential Address Proof. Proof of Immovable Property if owned in their name.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. SERVICES

1. Loan Service:2. Deposite Service:-

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1. LOAN SERVICE (A). Housing Loan:This loan provides for construction, additions, alteration, repair of the house etc, in the form of long term period. Bank charge @ 14% for up to Rs.200000 and 14.5% for above Rs. 200000 duration of payment up to 60 months and for the duration of payment above 60 month bank charge 15% for up to Rs. 200000 and 15.5% for above Rs.200000 respectively. If borrower repay loan amount with interest, get 2% rebate by bank. The following criteria require for housing loan: Background of borrowers Minimum two sureties are compulsory with their background Recommendation of board of directors
.

(B). Personal Loan:Personal loan advanices granted to salaried employees against personal security called as personal loan. Purpose of Personal loan. For social activates. For House requiring and For Medical Expenses For Personal loan bank provide up to Rs.20000 on which borrower (party) has to pay interest at 15%. If party (borrower) return personal loan with interest in 30 to 36 month. Bank provide 2% rebate on it to borrower. A properly filled application form and documents are to be submitted by the borrower. Proof of residence light bill Proof of income of salary Letter of dedication of installment from the salary Proof of property-income tax bill Signature of bank director for introduction Photograph of the application as well as the guarantors are required

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. (C). Loan Against Property:

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The bank provides property mortgage loan for the development or expansion of the business. On such advance bank may charges at the rate of 15% interest. This loan allowed only for 60 month. For property mortgage loan borrower has to submitted the necessary documents such as, Signature of bank directors for introduction Photograph of borrower and guarantors Proof of residence Project report License of business Profit and loss account, capital account, provisional balance sheet of borrower from 31-3-2001 Last two years income tax return papers of borrowers and guarantors

(1) Against Plant & Machinery:Bank provides the hypothecation loan to buy new machinery for business development and also grat loan against old machinery. Bank grant loan up to 75%face value of bill of new machinery but bank does not pay this amount to borrower, bank make payment directly to supplier after getting necessary margin from borrower. Bank also grant loan for old machinery u to 50% of valuation for the professions purpose.

(2) Against stock:Bank provide hypothecation loan for short-team period to buy rew material for trade business.

(D). Vehicle & furniture Loan:Bank grant hypothecation loan to purchase vehicle, T.V., refrigerator, furniture, domestic tools etc. Bank makes payment to directly to dealer. To take hypothecation loan borrower has to submit same necessary document like: Proof of residence Photograph of applicants as well as the guarantors Only filled application form with fully detail Copy of driving license Quotation of Vehicle, T.V, freeze, furniture Permanent account no. of borrower

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. 2. DEPOSITE SERVICE

1. Fixed Deposite: 2. Flexi Deposite 3. Recurring Deposite

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(A). Fixed Deposit Loan:A banker may give advance to the deposiiter on the securityy at Fixed Deposit receipt. Bank grant 50 to 80% face value of loan fixed deposit receipt. This type of loan bank generally grants against NSC / KVP, government security, share, and LIC policy. In this fcility, bank charge 1% more than the fixed deposit rate from the borrower. In the case of third party bank also change13% which is ever higher, or 3% more than the fixed deposit rate. There os no any rebate on fixed deposit loan.

Deposit Schemes

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. (B). Flexi Deposit:-

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A flexi deposit is a savings-cum-fixed deposit account. Flexi deposit is a hybrid product which combines the features of a savings account and a fixed deposit. It is a FD linked savings account. A flexi deposit provides the combination of liquidity of a savings account and high returns of a fixed deposit. This means that you can withdraw money from the account anytime either through a cheque or through an ATM like you do in a savings account. But at the same time as long as the money remains in the account it earns high returns of a fixed deposit (without any lock-in period) and not that of a savings account (3.5%). Sounds interesting???? Read on. Now a days flexi deposits are offered by almost all leading banks. Different banks call this product by different names. Some banks called it Auto Sweep Facility, some call it Money Multiplier and while others refer to this product by their own names. Flexi deposits are similar to savings accounts. But here in a flexi deposit account the idle money beyond a set limit automatically gets transferred to a fixed deposit. The customer doesnt need to tell the bank to transfer this money in a fixed deposit every time. It happens automatically. Similarly when a customer wants to withdraw money and the balance in the savings account is not enough the FD is automatically broken in certain denominations and the money is transferred back to the savings account and available to the customer at the time of withdrawal. But the beauty of this system is that till the time the money remains in the FD it earns high return as compared to 3.5% in a saving account. Also when the FD is broken there is no penalty which happens in case of a traditional FD.

Example

Karan has opened a savings account with Bank XYZ which is offering the auto sweep facility. Karan deposits Rs 47000 in his account. The bank has provision of keep a minimum of Rs 5000 in the savings account and thereafter remaining money is transferred to fixed deposits in multiples of Rs 5000. So in this case Rs 7000 will be kept in the savings account and the remaining amount of Rs 40,000 will transferred to 8 fixed deposits of Rs 5000 each. Now suppose one day Karan withdraws Rs 13000 from an ATM. In this transaction the bank ATM will disburse the Rs 7000 lying in the savings account and 3 FDs of Rs 5000 each (total Rs 15000) will be broken and the bank ATM will disburse the remaining Rs 6000 (Total withdrawal amount Rs 13000 = Rs 7000 + Rs 6000) and leave the remaining Rs 9000 (FD amount Rs 15000 remaining withdrawal amount of Rs 6000) in the savings account. So now after the withdrawal of Rs 13000 now Karan will be left with 5 FDs of Rs 5000 each. After the entire transaction Karans balance will be reduced to Rs 34,000 (Initial deposit amount Rs 47000 Withdrawal amount Rs 13000) out of which Rs

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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9,000 will be in the savings account and remaining Rs 25000 will in 5 fixed deposits of Rs 5000 each. In auto sweep facility whenever account linked FDs are broken the FDs are broken following the Last In First Out (LIFO) rule. This means the latest FD that was last made will be broken first. The below diagram explains how the flexi deposit account will work in Karans example.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. Limitations

While a flexi deposit account provides the anytime withdrawal facility of a savings account and high returns of a FD it does have its own share of limitations.

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Flexi deposits normally have tenure of 1 year unlike traditional FDs which can have a tenure ranging from 1 year to 10 years. You are required to maintain a minimum balance in the savings account. If this minimum balance is not maintained the bank may charge a penalty on a monthly or quarterly basis. Most of the banks dont allow loans against fixed deposits under this product. Minimum Rs.10000/- Thereafter In Multiplication Of Rs.1000/-. Maximum Period Up To 5 Years 1% Less Of Above Interest Rate Withdraw able before maturity in parts in multiplication of Rs. 1000/- as and when needed without charging penal interest.

(C) Recurring Deposit

Recurring Deposits are a special kind of Term Deposits offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. It is similar to making FDs of a certain amount in monthly installments, for example Rs 1000 every month. This deposit matures on a specific date in the future along with all the deposits made every month. Thus, Recurring Deposit schemes allow customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time. The Recurring Deposit can be funded by Standing instructions--instructions by the customer to the bank to withdraw a certain sum of money from his Savings/ Current account and credit to the Recurring Deposit every month. When the RD account is opened, the maturity value is indicated to the customer assuming that the monthly installments will be paid regularly on due dates. If any installment is delayed, the interest payable in the account will be reduced and will not be sufficient to reach the maturity value. Therefore, the difference in interest will be deducted from the maturity value as a penalty. The rate of penalty will be fixed upfront. Tax Deducted At Source ( TDS ) is not applicable on RDs. The customer can avail loans against the collateral of Recurring deposit up to 80 to 90 % of the deposit value.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

Rate of Interest offered is similar to that in Fixed Deposits.

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Golden Monthly Income Plan (GMIP)

Get monthly interest by investing in this scheme Facility to get monthly interest credit to savings account with our bank or get cheques for monthly interest in advance for the entire tenure of deposit.

Reinvestment Deposit Scheme

In this scheme customer will get interest RE-INVESTED on deposit amount. Minimum period of deposit would be 15 months & above. SPECIAL RATES APPLICABLE FOR SENIOR CITIZEN & REGISTERED TRUST.

The Sarvodaya Sahakari Bank Ltd.Bank Ltd. Analysis on Bank Loan:It will help (i) To devlop Business:-

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For developingg of business large capital os needed to take new tecnology adopt so as time machinery loan and other term loans are used to expand business activity.

(ii) Financial discpline on the borrower:As the time repayment of the loan or its installment is fixed in advance, this system ensured a grater degree of self-discipline on the borrower as compared to the cash credit system.

(iii) Periodic review of local Account:Whenever any loan is granted or its renewal is sanctioned the banker get an opportunity of automatically reviewing the loan account.

(iV)Profitability:The system is comparatively simple; interest accrues to bank on the entire amount lent to customer.

Job Profile
Job Description of Manager
Job Seeker Profile Qualification: Graduate CAIIB / JAIIB Experience: 15 years as Manager, Scale II & above in Nationalised Bank or 5 years as CEO/ GM /AGM in Co.op.Bank. Age Limit: 50 years. Gross Salary: 50,000/- plus * Candidate must be conversant with CBS / Computer. * Post Graduation / MBA / LLB will be preferable. * Salary will not be the constrain for the deserving candidates.

Suggestions For Bank

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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Interest rate on Gold loan of Sarvodaya bank is higher than Varachha bank. So sarvodaya bank should reduce interest rate on gold loan or it should provide some more facilities on that loan. Bank should reduce interest rate and increase the amount of personal loan to attract borrowers. Interest rate, rebate and amount of hypothecation loan of both banks are generally same. The bank should reduce time period of hypothecation of loan because it is too high than Varachha bank. Bank should increase the amount of NSC/KVP loan because it is less than amount of NSC/KVP loan of Varachha bank. Bank should reduce the interest rate and increase the amount of selfemployed loan to attract the borrowers. The bank should have to concentrate on increase the recovery of loan to reduce the amount of overdue and doubtful debt because recovery of total loan of Sarvodaya bank is less than the Varachha bank.

Limitations of the Studies If there are advantages of study then obviously there are limitation of that study also. So, some limitations of this study are: Time period for the study is limited as we have got two months for this project, but if we got more time than analysis can be much broad. Analyses of only two banks are done rather than more banks. Study is limited to local area of Surat.

Suggestions
Developing strong cultural values Social Integrity Bonding with customers Responsiveness Fast & Decentralized decision making Diversification Awards and Incentives based pay structure

The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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Globalization

Products and Services

Corporate banking Personal banking Industrial finance Agricultural finance Financing of trade International banking Home loan Auto loan ATM/DEBIT Card Deposit Interest rates Credit Interest rates Other Services :Locker Facilities, Senior Citizen Schemes, Merchant Banking,Electronic Fund Transfer & Clearing Services,etc.

Financials
Growth Rate Operating Profit Net Profit Non Interest Income

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Key Financials Ratio

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The Sarvodaya Sahakari Bank Ltd.Bank Ltd.

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LOCKERS
Safe Deposit Locker facility is one of the subsidiary services provided by the Bank for keeping the valuables in the safe deposit locker. This provides safety to the belongings of the customers against theft / burglary. Bank provides specially designed lockers kept at specially built strong rooms for keeping the valuables of the hirer purchased from reputed manufacturers. The relationship between the Banker and Customer is that of lessor and lessee. Locker is operated under double locking system and can be opened with combination of two keys one with the bank called "Master Key" and the other with the hirer called "Hirer's Key". The keys will be identified with an appropriate 1identification code / number.

ELIGIBILITY

The safe deposit locker facility is available to existing as well as prospective customers to develop better business relationship. Lockers will be hired to Individuals, either singly or jointly, Partnership Firms, Limited Companies, Associations and Clubs but not to minors.

Allotment of lockers

Allotment of lockers will be based on the availability. A waiting list of customers who have submitted duly filled in application on the printed format provided by the bank.for the purpose of allotment of lockers will be maintained at the branches. Preference may be given to existing customers maintaining SB / CA / CCOD / Term Deposit accounts with the bank. The terms and conditions of allotment of lockers will be covered in the agreement entered into with the hirers and a copy of the same will be provided to the hirers.

Charges and fees

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Bank collects rent for providing the service of locker facility. Branch will collect the rent on annual basis, in advance, at rates prescribed for various sizes of lockers. To ensure prompt payment of locker rent, bank shall at the time of allotment, obtain a fixed deposit, which would cover 3 years rent and break open charges in case of an eventuality. For delayed payment of rent, penal charges are applicable as prescribed from time to time.

Operations and monitoring

A hirer has the option to use a password as an additional precaution for operation of lockers. The locker operation will be through the joint operation of both the keys - Master Key and Hirer's Key Any access to locker is permitted only after due identity verification and bank will record every instance of locker access by the hirer The operating timings for the safe deposit lockers will be upto half-an-hour before the close of office hours. Operation of locker will be stopped in the following circumstances: Where the rent is in arrears; Attachment by Court / tax authorities or other regulatory authorities; Outside banking hours specified for locker operations. Where the hirer is deceased.

Surrender of Locker

Locker can be surrendered by the hirer/s at any time during the contract period. Bank can also request for surrender of locker with due notice. The lock of the surrendered locker will be changed when a locker is surrendered.

Nomination

Individual hirers both singly or jointly shall be educated on the advantages of providing nomination and requested to register nomination.