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State Bank Of Saurastra Review

STATE BANK OF SAURASTRA is one the government owned banks .It is one
of the seven associate’s banks of the state bank of India. The bank
existed as a separate organization before August 13 2008 and then got
merged with the state bank of India. At present the bank has got 423
branches spread over 15 states. Due to its efficiency the bank has
moved itself through various states. The products and services offered
by the bank are deposit schemes, Personal loans, cards etc...

The bank has got some unique features, different from other banks and
are as follows:
Minimum deposit is of Rs.10,000
Deposit period is from 1 to 10 years.
Withdrawal is allowed only in the units of 1,000 and
is allowed only up to a certain extent.
Rate of interest is applicable to term deposits.
The scheme is open to all individuals, minors.
When the issue turns out with regard to credit card, the bank has well
designed the features of credit card and are as follows:

Cash access is global
Global acceptance is seen
Credit limit is high, which acts as an outstanding act
from customer’s point of view.
Easy benefits are provide regarding traveling

Codes of conduct of this bank are listed below :

The bank has got minimum standards
Promotes good banking practices
Transparency is seen
Encourages the market forces
Operates to achieve high standards
Cordial relation ship with the members is maintained.
Confidence is assured.

Commitments made by the bank of Saurastra are :

To provide minimum banking facilities
To make sure that the products are in accordance to law and justice
To ensure dealing with principles
To perform secure operation
To increase the reliability of banking and payment system

The usage of account is provided by regular appropriate updates to the
client's. It also informs the changes in interest rates, charges
,terms without any failure. The bank handles complaints properly. It
corrects its mistakes in mean time and acts accordingly to the
situation. The bank provides suitable alternatives to the problems
raised due to technology failures. Also, informs its customers the
changes in terms through pass book, news papers etc. Privacy and
confidentiality is maintained and the bank doesn't reveal information
or data relating to accounts. Accuracy and fast service has made the
bank to become a reputed organization.

State bank of saurastra can be referred as "HARD OAK" among they
seven associates of the state bank of India.