NIMSME Project Guidance for B.Tech, BE, M.Tech, MCA and MBA Final Year Students, Ni-MSME plans free training programme for youths and Who is NIMSME


National Institute for Micro, Small and Medium Enterprise (NIMSME)

On the eve of celebrating its golden jubilee year, the Hyderabad-based National Institute for Micro, Small and Medium Enterprises (Ni-MSME) plans to train 25,000 youths of southern and central states in 2011-12 imparting various skills through partner institutions.

According to Director General Chukka Kondaiah, 10,000 youths are to be in Information Technology subjects from Hyderabad alone free of cost. This initiative is part of the golden jubilee celebrations. The institute is planning several programmes from July 1 to June 30, 2012, to mark the occasion with the objective of “sharping the human resource skills of youths."
The organisation has been successfully continuing on self-supporting basis for 10 years now and achieved a record revenue of Rs 20.80 crore last fiscal by catering to the needs of 23,000 participants, highest ever in the history of the institute.

A body under the Ministry of Micro, Small and Medium Enterprises, Ni-MSME has been contributing to the promotion of micro and small enterprises through various programmes both in functional (like skill development, cluster development and policy management) and sectoral (food processing and intellectual property rights) areas.

The Scheme of Assistance to Training Institutions through partner institutions (PI scheme) has proved a great advantage. During this year (2010-11) NI-MSME has partnered with 25 institutions, imparting training to 10,000 FGEs concentrated in rural areas and among vulnerable groups – SC, ST, women and so forth. In 2011-12 the Hyderabad-based institute is envisaging to work through more than 30 PIs in the southern and central states of the country.

The Ministry of MSME is committed to training of youth to be employable. The training is imparted through the modality of apex organizations namely National Institute for Entrepreneurship & Small Business Development (NIESBUD), Indian Institute of Entrepreneurship (IIE) , National Institute for Micro, Small and Medium Enterprises (NI-MSME) , National Small Industries Corporation Ltd (NSIC). To enhance the outreach of trainee, these apex organizations not only impart training themselves but also through various Partner Institutions

The Scheme envisages financial assistance for establishment of new institutions (EDIs), strengthening the infrastructure of the existing EDIs and for supporting entrepreneurship and skill development activities. The main objectives of the scheme are development of indigenous entrepreneurship from all walks of life for developing new micro and small enterprises, enlarging the entrepreneurial base and encouraging self-employment in rural as well as urban areas, by providing training to first generation entrepreneurs and assisting them in setting up of enterprises. The assistance shall be provided to these training institutions in the form of capital grant for creation/strengthening of infrastructure and programme support for conducting entrepreneurship development and skill development programmes.


 

Ni-MSME is formerly known as National Institute of Small Industry Extension Training (NISIET). The Present programme is offered at free of cost for the benefit of students. NIMSME is an apex training institute of Ministry of Micro, Small and Medium Enterprises, Govt. of India.

Following are other details:
National Institute for Micro, Small and Medium Enterprises (NIMSME) is inviting final year B.Tech., B.E. (ECE/ EEE/CSE/ IT/ CSE), M.Tech., MCA, and MBA students for career and project guidance by Industry experts.

C-CIT, a center of NIMSME helped more than 3000 students of B.Tech./MCA in project preparation. This year also it has planned to provide Live Projects to the B.Tech., B.E. (ECE/ EEE/CSE/ IT/ CSE), M.Tech., MCA, and MBA students during December 2011 to April 2012.


FREE Certificate Courses:
  1. JAVA
  2. .NET
  3. Embedded Systems
  4. All Multimedia Programmes

Download Executive Development Programmes Schedule for Year of 2011 - 12

Interested students can contact at 040 - 64532203/ 04/ 05

Address:
National Institute for Micro, Small and Medium Enterprises (NIMSME),
Yousufguda, Hyderabad- 500045, India.
Email: registrar@nimsme.org
Website: www.nimsme.org
Landmark to reach the institute: 200 mts from Yousufguda Checkpost on Rahmat Nagar

How to Check Employee Provident Fund (EPF) Balance, Status Online and History of Employee Provident Fund


The Employees’ Provident fund is managed by an organisation called the Employees' Provident Fund Organisation (EPFO), which is one of the largest provident fund institutions in the world in terms of volume of transactions. The organisation came into being in 1952, following the Employees' Provident Funds & Miscellaneous Provisions Act (EPF & MP Act), 1952.

All workers whose emoluments exceed Rs.6,500 per month have an option to join the scheme with the consent of the employer. The employee is eligible for membership of EPF from the day he joins such a company which is covered under the EPF and MP Act, 1952. The rate of contribution payable by the member is fixed at 12% of his emoluments - basic pay, DA, cash value of food concession and retaining allowance up to a maximum of Rs.6,500 per month. Voluntary higher contributions are also acceptable at the joint request of the member and the employer.

The employee has to declare his previous employment details in Form No.2 (containing the family particulars and nominations) through the employer and the employer submits the same to EPFO.

The employee can nominate any one or more members of his family to receive the Provident Fund in case of his death. In case he does not have a family, he can nominate any other person. The nomination can be changed by the employee whenever he wishes to do so, within the rules of the EPFO.


KNOW YOUR EPF BALANCE

Although the national website does not have such a link, some EPF offices, Karnataka, for example, has this provision on its website. You have to provide your establishment code and your PF account number and the information gets displayed to you. You will have to visit the regional website through http://www.epfindia.com/RegSites.html and check whether your area office provides such a value added service to you. There is no such laid down rule for providing you with the required information in a prescribed format. The EPFO, as a prescribed rule, sends you only the annual accounts statements at the end of each financial year, to the address where you were last employed. If you are lucky enough to get hold of one, you can, through that statement, calculate further and then keep your own record. In case you want your information in any other month, you may go through the ‘Right To Information’ route and procure the desired information within one month.
A new service has been launched recently and you can know your balance directly by clicking on this link:
http://www.epfindia.com/MembBal.html



WITHDRAWING YOUR EPF

• WITHDRAWAL BEFORE RETIREMENT: You can withdraw up to 90% of the amount in you EPF account after you attain the age of 54 years, or within one year before actual retirement on superannuation whichever is later. Claim application in form 19 has to be submitted to the concerned Provident Fund Office.

For other cases such as
  • Shifting of Job: At such times, the PF balance could be transferred from one employer to another. The existing balance would continue to stay. With fresh contributions made by the new employer.
  • Quitting of Job: PF could be withdrawn, if you quit your job and provide a declaration that you do not intend to work for the next six month.
• WITHDRAWAL AFTER RETIREMENT

You can withdraw full amount in the fund on retirement from service after 55 years of age. You can also withdraw the full amount due to any of the following occurrences:

1. If you have not attained the age of 55 year at the time of termination of service.
2. If you retired on account of permanent and total bodily or mental disablement
3. If you migrated from India for permanent settlement abroad or for taking employment abroad.
4. In the case of mass or individual retrenchment.



CHECKING YOUR EPF STATUS ONLINE


If you have already applied for EPF withdrawal and you want to check the status of your claims application, you can visit http://59.177.81.198/homepage_claim_status_new.php and fill up the form with the details of your EPF office and you Employee PF Account Number. This facility is available on almost all the regional websites also.

Now, savings account number portability coming


You may soon be able to switch your bank without having to change your account number, if you are savings bank account holder. The Finance Ministry is keen to usher in savings bank account number portability and has begun discussions on removing regulatory restrictions, a top Government official said.

“We want to do it (savings account number portability). Right now there are some technical problems, we have identified them. We will overcome them soon”, Mr D.K Mittal, Financial Services Secretary, told reporters here.

KYC norms

His remarks came after a meeting in the Finance Ministry attended, among others, by Finance Secretary, Mr R.S.Gujral, Economic Affairs Secretary, Mr R Gopalan, and Chief Economic Advisor in the Finance Ministry, Dr Kaushik Basu.

Introduction of savings account number portability is also expected to help customers change their banks without having to go through know your customer (KYC) norms again.

The Government has already, through sectoral regulators, allowed portability of mobile phone numbers and health insurance policies.

Mr Mittal said banks will have to work on identification codes, KYC norms and Core Banking Solutions for implementing savings bank account portability.


But, experts said savings bank account portability will force banks to offer similar interest rates on a savings account, which is not the case now. In addition, it will lead to a huge improvement in service delivery in PSU banks because they will be at risk of losing customers.

“Theoretically, it is a sound concept. To implement it is an Herculean task as it will mean renumbering of the existing savings bank accounts,” a senior SBI official said.

“We at SBI have about 130 million accounts. Assuming that it is about 25 per cent of total accounts, there would be about 500 million savings accounts in India that will have to be renumbered.”

Savings bank account portability will be a costly exercise and will be confusing for customers. Another point of confusion will be on KYC norms. When a customer is migrating from one bank to the other, the second bank may not want to rely on the KYC undertaken by the first bank, the SBI official said.

A Srinath, head of retail loans at Bank of Baroda, said, “The number portability is good, but, we need to have the necessary technology for it.”

Most banks are now on the CBS platform: The account numbers are 12, 13 or 14 numbers; the first few numbers are the branch code, the scheme code and the like. All these will have to be looked into before talking about account portability, Srinath said.

Post Office Savings Schemes In India - Introduction of Post Office Recurring Deposit Account (RDA)


The main financial services offered by the Department of Posts are the Post Office Savings Bank. It is the largest and oldest banking service institution in the country. The Department of Posts operates the Post Office Savings Scheme function on behalf of the Ministry of Finance, Government of India. Under this scheme, more than 20.50 crores savings account are operated. These accounts are operated through more than 1,54,000 post offices across the country.

The Post offices provide a number of savings schemes like the Savings Account Schemes, Recurring Deposit Schemes, Time Deposit Schemes, Public Provident Fund Schemes, Monthly Income Schemes, National Savings Certificates, Kisan Vikas Patras, and Senior Citizens Savings Scheme. A brief of the various schemes is as follows:

Scheme Interest Rates Tenure Investment Denominations and limits Salient Features Tax rebate
Post Office Savings Account 3.5% p.a. On individual and joint account No specific or fix tenure Min: Rs. 50 Max: Rs. 1 lakh for individual and 2 lakhs for joint account Cheque facility available Interest is tax-free u/s 80L
5-Year Post Office Recurring Deposit Account 7.5% compounded quarterly 5 years. Can be renewed for another 5 years Min: Rs. 10 per month or multiples of Rs. 5 Max: No limit One withdrawal up to 50% of the balance is allowed after one year. Full maturity value allowed on R.D. 6 & 12 months advance deposits earn rebate. No tax rebate
Post Office Time Deposit Account 6.25% 1 year Min: Rs. 200 and its multiple thereof Max: No limit Long-term accounts could be closed after 1 year for discounted interest. Accounts could be closed after 6 months but before a year for no interest. Interest is calculated quarterly but payable yearly. Investment qualifies for deduction u/s 80C. Interest is tax-free u/s 80L
6.50% 2 years
7.25% 3 years
7.50% 5 years
Post Office Monthly Income Account 8% p.a. 6 years Min: Rs. 1500 per month or multiples of it.Max: Rs. 4.5 lakhs for individual account and Rs. 9 lakhs for joint account Account if closed after 1 year but before 3 years will suffer a deduction of 2% of the deposit. Account if closed after 3 years will suffer a deduction of 1% of the deposit. On maturity, bonus of 5% on principal amount is admissible Interest is tax-free u/s 80L
15-year Public Provident Fund Account 8% p.a. compounded yearly 15 years tenure Min: Rs. 500 in 1 year Max: Rs. 70000 in 1 year Deposits can be made in lump-sum or 12 installments Withdrawal can be made every year after the 7th financial year. From the 3rd financial year, loan can be availed against PPF. No attachment under court decree order. Investment qualifies for deduction u/s 80C. Interest is tax-free u/s 80L
Kisan Vikas Patra 8.4% compounded yearly. Money doubles in 8 years and 7 months --- No limits. Investment denominations available are of Rs. 100, Rs. 500, Rs. 1000, Rs. 5000, Rs. 10,000, in all Post Offices and Rs. 50,000 in all Head Post Offices. A single holder certificate can be purchased by an adult. A certificate can also be purchased jointly by two adults. No tax benefits
National Savings Certificate (VIII issue) 8% p.a. compounded half-yearly but payable after maturity 6 years Min: Rs. 100. Also available in denominations of Rs. 100/-, 500/-, 1000/-, 5000 & Rs. 10,000/-. Max: no limit A single holder certificate can be purchased by an adult. Investment as well as the interest deemed to be re-invested qualifies for deduction u/s 80C.
Senior Citizens Savings Scheme 9% p.a. 5 years Only 1 deposit allowed in multiple of Rs. 1000. Max is Rs. 15 lakhs Age should be above 60 years or 55 years above if retired under superannuation. Account if closed after 1 year will suffer a deduction of 1.5% interest and after 2 years will suffer a deduction of 1% interest. TDS is made on interest if it exceeds Rs. 10000 p.a. Investment qualifies for deduction u/s 80C.

Will talk about
Post Office Recurring Deposit Account (RDA)

A Post-Office Recurring Deposit Account (RDA) is a banking service offered by Department of post, Government of India at all post office counters in the country. The scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after five years. The scheme, a systematic way for long term savings, is one of the best investment option for the low income groups.




Features:
  • The minimum investment in a post-office RDA is Rs 10 and then in multiples of Rs. 5/- for a period of 5 years. There is no prescribed upper limit on your investment.
  • The deposit shall be paid as monthly installments and each subsequent monthly installment shall be made before the end of the calendar month and shall be equal to the first deposit. In case of default in payment, a default fee is chargeable for delayed deposit at 0.20 Paise per month of delay, for Rs.10 Denomination. After more than four defaults, the account shall be treated as discontinued in case the account is not revived within two months from the fifth default.
  • For Advance deposits for 6 months or 12 months, a rebate is allowed at the prescribed rate (For Rs 10 denomination:- Rs.1/- for 6 advance deposits, Rs.4/- for 12 advance deposits.
  • One withdrawal is allowed after one year of opening a post-office RDA on meeting certain conditions. You can withdraw up to half the balance lying to your credit at an interest charged at 15%. The withdrawal or the loan may be repaid in one lump or in equal monthly installments.
  • Premature closure is allowed on completion of three years from the date of opening and in such case, interest is payable as per the rate applicable for the Post Office Savings Bank Account.
  • After maturity of the account, it can be continued for a further period of 5 years with or without further deposits. During this extended period, the account can be closed at any time.
Returns:
The post-office recurring deposits offers a fixed rate of interest, currently at 7.5 per cent per anum compounded quarterly.



Monthly Investment Total Investment(60months) Money returned on Maturity (after 60 months)
10 600 728.90
20 1,200 1457.80
50 3,000 3644.50
100 6,000 7289.00
500 30,000 36445.00
1000 60,000 72890.00
1375 82,500 100224.00
5000 3,00,000 364450.00

Advantages
:
The post office offers a fixed rate of interest unlike banks which constantly change their recurring deposit interest rates depending on their demand supply position. As the post office is a department of the government of India, it is a safe investment. The principal amount in the Recurring Deposit Account is assured. Moreover Interest earned on this account is exempted from tax as per Section 80L of Income Tax Act.



How to Start Post office RDA:
A post-office RDA can be opened at any post office in the country by filling up the appropriate forms. The account can be opened by an individual adult as a single person account, two adults in a joint mode, or by a guardian on behalf of the minor who has attained the age of 10 years in his own name. A pass book is issued at the time of opening the account. If there is a loss, theft or the passbook is mutilated, a duplicate is issued on a charge. The deposit can be made personally at the particular post office every month or can be made through an appointed agent, who would collect the money from you and enter the same in your passbook.

Top 200 Secrets Of Success - Series 6 (101-120 secrets out of 200)


101. A contented mind is a continual feast. Greed and material desires must be curbed to achieve lasting happiness and serenity. Be happy with what you have. Do you really need all of those material possessions? One can develop contentment just as one develops patience, courage and concentration - with daily practice and sincere desire.

102. Make a new friend or acquaintance every day. Keep an updated list of all contacts close at hand. Rich relationships are the DNA of a rich, rewarding life.

103. Remember this ancient Indian proverb: "if you conquer your mind, you conquer the world."

104. Place greater importance on staying happy than amassing material possessions. A zest for life is developed and carefully nurtured through thoughtful activities and pursuits.

105. Contrary to popular opinion, stress is not a bad thing. It allows us to perform at peak levels and can assist us through the flood of chemicals it releases within our bodies. What is harmful is too much stress, or more particularly, a lack of relief from stress. The times of stress must be balanced nicely with times of pure relaxation and leisure for us to be healthy and at our best. Many of the great leaders of our time were exposed to crushing workloads and the burdens of high office. But they prospered by developing strategies to balance the challenging times with fun and calming times.

President Kennedy would have regular naps in his White House office. Winston Churchill had the same practice and slept for one hour every afternoon to stay alert, focused and calm. Not only is it essential to be physically relaxed to maintain optimal health but one must couple this trait with mental serenity. Too often people think that vigorous exercise, good nutrition and pleasant leisure activities will be the panacea for all ills. These pursuits must be combined with positive thinking and peace of mind for true happiness and longevity.

106. Get into the habit of taking mental vacations throughout the day. Visit Bermuda for five minutes in the morning. Visualize a swim in the Mediterranean in the afternoon and skiing down the slopes of the Alps just before you head for home at the end of your busy and productive day. Try this for two months and schedule these rest periods into your agenda just as you would your essential meetings or tasks. The rewards will be significant.

107. A change is as good as a rest. Whether this change is as major as a change of employment or as minor as a leisure pursuit which occupies your entire attention for an hour three times a week, these changes in routine, and mindset are entirely beneficial. In selecting the activity, try to find something totally engaging which requires deep concentration so that your mind is free from the mundane but seemingly important aspects of your day. Many executives are becoming involved in the martial arts for just this reason. If your mind wanders for even a split second, a harsh lesson is soon learned. Pain is a great motivator and always will be.
108. Study these 10 fundamentals of happiness:
i. Pursue a productive, exciting and active life
ii. Engage in meaningful activities every minute of every day
iii. Develop an organized, planned lifestyle with little chaos
iv. Set realistic goals yet keep your mark high
v. Think positively - you cannot afford the luxury of a negative thought
vi. Avoid needless worry over trifling matters
vii. Devote time to fun
viii. Develop a warm, outgoing personality with a sincere love of people
ix. Get in the habit of giving more than receiving
x. Learn to live in the present. The past is water under the bridge of life.

109. Strive to be humble and live a simple life.

110. Read "A History of Knowledge" by Charles Van Doren which chronicles the history of the world's ideas. In this one book is an absolute wealth of knowledge. Get it, read it and enjoy it.

111. Read "The Art of the Leader" by William A. Cohen. It is both inspirational and practical.

112. Develop that elusive quality known as charisma. The following are ten qualities of a charismatic leader:

• Be committed to what you are doing
• Look like a winner and act like one
• Have big dreams, a vision and reach for the sky
• Steadily advance in the direction of your goals
• Prepare and work hard at every task you do
• Build a mystique around yourself
• Be interested in others and show kindness
• Have a strong sense of humour
• Be known for the strength of your character
• Have grace under pressure. (John F. Kennedy said that "the elusive half-step between middle management and true leadership is grace under pressure.")

113. In work, love and life, play hard and play fair.
114. Do not talk when you are listening. Interrupting is one of the most common discourtesies. Listen aggressively with the full scope of your attention. You will be amazed at what you learn and how your counsel will soon be sought by many.

115. "Anybody can become angry - that is easy; but to be angry with the right person, and to the right degree, and at the right time, and for the right purpose, and in the right way - that is not within everybody's power and is not easy." - Aristotle

116. Knowledge is power. People who have achieved great success are not necessarily more skillful or intelligent than others. What separates them is their burning desire and thirst for knowledge. The more one knows, the more one achieves. Great leaders have techniques to allow them to arrive at the top of the mountain. Read the biographies of the world's leaders and learn from their habits, inspirations and philosophies. Cultivate the important practice of active role modelling.

117. All the answers to any questions are in print. How to improve as a public speaker, how to improve your relations with others, how to become fitter or develop a better memory - all aspects of personal development are dealt with in books. Therefore, in order to achieve your maximum potential, you must read daily. But, in this age of information, you must be ruthless in what you consume. Focus on your goals and read only those materials that will be an asset to you. Do not attempt to read everything for you are busy and have other tasks at hand. Choose what is important and filter out what is of no value. Begin with a solid newspaper every morning for an excellent summary of the key events of the day.
Also ensure that your readings are broadly based. For example, perhaps you may wish to read history, business, Eastern philosophy, health books etc. Then go to the library and develop the habit of making regular visits. Read the classics from Hemingway to Bram Stoker. Read history, with all its lessons on life and read biology for a new perspective.

Look under the heading of "success" at the library and you will be amazed at the literature you will find: inspirational stories of people who developed greatness in the face of adversity, strategies for improving yourself physically, mentally and spiritually and texts to tap the unlimited power for success that certainly exists within us. Drink deeply from such books. Surround yourself with them and read them constantly whether on the bus each day or before you go to bed. Let them inspire and motivate you.

118. Get into the habit of breakfast meetings. An early meal to touch base with a friend or business associate is a most pleasant way to start the day and allows you to maintain your contacts in the face of a busy schedule.

119. If you live in a flat, always ensure that it is very bright and has a swimming pool. A pool is especially important because it will allow you to exercise no matter how busy your schedule. There is nothing like a refreshing swim after a long, productive day. You will feel excellent and sleep like a baby.

120. "Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit." - Aristotle

All Links of Top 200 Secrets of Success:

Series 10 Link (181-200 secrets out of 200)
https://www.spoonfeeding.in/2012/02/top-200-secrets-of-success-last-series.html

Series 9 Link (161-180 secrets out of 200)
https://www.spoonfeeding.in/2012/02/top-200-secrets-of-success-series-9-161.html

Series 8 Link (141-160 secrets out of 200)
https://www.spoonfeeding.in/2012/01/top-200-secrets-of-success-series-8-141.html

Series 7 Link (121-140 secrets out of 200)

https://www.spoonfeeding.in/2012/01/top-200-secrets-of-success-series-7-121.html

Series 6 Link (101-120 secrets out of 200)

https://www.spoonfeeding.in/2012/01/top-200-secrets-of-success-series-6-101.html

Series 5 Link (81-100 secrets out of 200)
https://www.spoonfeeding.in/2011/12/top-200-secrets-of-success-series-5-81.html

Series 4 Link (61-80 secrets out of 200)

https://www.spoonfeeding.in/2011/12/top-200-secrets-of-success-series-4-61.html

Series 3 Link (41-60 secrets out of 200)
https://www.spoonfeeding.in/2011/12/top-200-secrets-of-success-series-3-41.html

Series 2 Link (21-40 secrets out of 200)

https://www.spoonfeeding.in/2011/12/top-200-secrets-of-success-series-2-21.html

Series 1 Link (1-20 secrets out of 200)
https://www.spoonfeeding.in/2011/12/top-200-secrets-of-success.html

Recruitment of Clerks in State Bank of India (SBI) for Year of 2012, Download Study Material and State Bank History


SBI Invite online Applications from Eligible candidates to fill the 3100 clerk jobs across India.

The last date to submit application through online is 20 th, January, 2012. And Online Registration starts from 28 th, December, 2011.


There are 2500 Regular vacancies for SC/ST/OBC Candidates and 600 Posts for North East circle.

Education Qualifications Required:
Candidate must have minimum of Intermediate(10+2) or any Degree from any Recognized University

Application Fee:
The Application fee is Rs. 350 for general and OBC Candidates
Rs. 50 for SC/ST Candidates.

How to Apply:
Candidates have to Download Challan form from SBI official website.After paying the application fee,have to Apply through online by submitting all challan form and Personal Details.

Important Dates:
Online Registration Starts from: 28-12-2011
Last date to Apply online: 20-01-2012
Written Exam date:18-03-2012
Payment of fee: 30-12-2011 to 25-01-2012
Download of Call letter from: 05-03-2012




CLICK HERE TO DOWNLOAD DETAILED ADVERTISEMENT
CLICK HERE TO APPLY ONLINE(Please read the detailed advertisement before applying)

Exam Pattern:

The questions of the SBI Clerk Written Test are all objective type.
The exam consists of the following papers:
1. Quantitative Aptitude.
2. General Awareness.
3. Reasoning Ability.
4. General English.
5. Marketing Aptitude / Computer Knowledge.

There is also a provision for negative marking. For each wrong answer attempted one-fourth mark is deducted. This is applicable for all the objective questions in all the papers mentioned above. So the candidates must be cautious before attempting a question. The questions which one is not sure about should not be attempted.

The candidates sitting for the exam have to pass in each of the papers separately and also have to score at least 40% marks in aggregate, i.e., all the tests considered together. The percentage required by SC/ST/PWD/XS candidates is 35% in aggregate.SBI sends the Acquaint Yourself booklet with the call letter for the written test. All the detailed information and guidelines for the exam are given in this booklet.
The study material for the exam is available in market or can be obtained online.

Download Study Material:




    More Material:



      State Bank of India (SBI) History

      The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921.




      An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent India, in 1951. The Plan aimed at serving the Indian economy in general and the rural sector of the country, in particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their services to the urban sector. Moreover, they were not equipped to respond to the growing needs of the economic revival taking shape in the rural areas of the country. Therefore, in order to serve the economy as a whole and rural sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and state-sponsored bank.

      The All India Rural Credit Survey Committee proposed the take over of the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. Subsequently, an Act was passed in the Parliament of India in May 1955. As a result, the State Bank of India (SBI) was established on 1 July 1955. This resulted in making the State Bank of India more powerful, because as much as a quarter of the resources of the Indian banking system were controlled directly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959. The Act enabled the State Bank of India to make the eight former State-associated banks as its subsidiaries.

      The State Bank of India emerged as a pacesetter, with its operations carried out by the 480 offices comprising branches, sub offices and three Local Head Offices, inherited from the Imperial Bank. Instead of serving as mere repositories of the community's savings and lending to creditworthy parties, the State Bank of India catered to the needs of the customers, by banking purposefully. The bank served the heterogeneous financial needs of the planned economic development.

      Branches
      The corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India.

      ATM Services
      SBI provides easy access to money to its customers through more than 8500 ATMs in India. The Bank also facilitates the free transaction of money at the ATMs of State Bank Group, which includes the ATMs of State Bank of India as well as the Associate Banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, etc. You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card.

      Subsidiaries
      The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries. Through the establishments, it offers various services including merchant banking services, fund management, factoring services, primary dealership in government securities, credit cards and insurance.

      The eight banking subsidiaries are:
      State Bank of Bikaner and Jaipur (SBBJ)
      State Bank of Hyderabad (SBH)
      State Bank of India (SBI)
      State Bank of Indore (SBIR)
      State Bank of Mysore (SBM)
      State Bank of Patiala (SBP)
      State Bank of Saurashtra (SBS)
      State Bank of Travancore (SBT)

      Products And Services

      Personal Banking:
      SBI Term Deposits SBI Loan For Pensioners
      SBI Recurring Deposits Loan Against Mortgage Of Property
      SBI Housing Loan Loan Against Shares & Debentures
      SBI Car Loan Rent Plus Scheme
      SBI Educational Loan Medi-Plus Scheme

      Other Services:
      Agriculture/Rural Banking
      NRI Services
      ATM Services
      Demat Services
      Corporate Banking
      Internet Banking
      Mobile Banking
      International Banking
      Safe Deposit Locker
      RBIEFT
      E-Pay
      E-Rail
      SBI Vishwa Yatra Foreign Travel Card
      Broking Services
      Gift Cheques

      Contact
      State Bank Of India
      Corporate Centre
      Madam Cama Road
      Mumbai 400 021, India
      Website: www.statebankofindia.com



      Search Website

      Featured Post

      10 Tourist Places to Visit in Coorg - తెలుగులో కూర్గ్ ట్రిప్ - Scotland of India

      Click for  English Version -   కళ్లను, మనసును మైమరిపించే అద్భుతమైన ప్రకృతి అందాలకు నెలవు ఇప్పుడు మీరు చదవబోయె ప్రాంతం. ఇక్కడి లోయల్ని, కొండ ...

      Popular Articles