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State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028.
Dear Sir / Madam, We have immense pleasure in congratulating you on your selection by Satyam Computer Services Ltd. We are happy to be associated with you for all your banking needs. You may be aware that, one of the terms of appointment is the requirement of furnishing a Bank Guarantee for a sum of Rs.2 lacs to Satyam Computer Services Ltd. We have designed a scheme to enable Satyam the new entrants to avail a loan from us for providing a Bank Guarantee for the purpose. You can either deposit the entire amount of Rs.2 lacs which will be invested as a Special Term Deposit Receipt (STDR) (the interest will be cumulated on the deposit and interest will be paid at the end of the bond period with us) against which a Bank Guarantee will be issued to Satyam Computer Services Ltd. or you can avail a loan from us for any shortfall upto a maximum of Rs. 2 lacs which will be made into a term deposit receipt (TDR) and a bank guarantee will be issued to Satyam Computer Services Ltd. To elucidate : A
Bank Guarantee to Satyam Computer Services
B C D E
Your Contribution Bank Loan (A - B) Total (B + C) Interest paid by the Bank to you at prevailing rate of interest
F
Interest to be paid by you for the loan at prevailing rate of interest
G
Bank Guarantee Charges (One Time)
H
Rs.2 lacs If loan is required Maximum Rs.10,000/Maximum Rs.2,00,000/Rs.2,00,000/Will be reinvested as deposit and principal together with interest will be paid at the end of the bond period.
Guarantor
If loan is not required Rs.2,00,000/NIL Rs.2,00,000/-
Loan Amount will be recovered in EMIs by means of checkoff/ standing instructions/ Post dated cheques BOND PERIOD
BOND PERIOD
24 months
24 Months
Rs.2,500/-
NIL
Rs.2,500/-
Personal guarantee of a person whose Net annual income is not less than Rs.2lacs.
Should you require further clarifications / asistance please feel free to contact us at the following: 1. State Bank of India, Humayun Nagar Br., Hyderabad. [email protected] 2. State Bank of India, PBB Dilsukhnagar. Hyderabad. [email protected] 3. Asst. General Manager, State Bank of India, Region-I, Patny Circle, Secunderabad. [email protected]
Wishing you all the best in your career. Yours sincerely,
CHIEF MANAGER STATE BANK OF INDIA PBB, Dilsukhnagar, Hyderabad. 040-2405 3289, 2405 8333 Cell: 98486 04639
STATE BANK OF INDIA Humayun Nagar Branch, Hyderabad. 040-2351 3797, 2351 8151 Cell: 99493 22692 :1:
STATE BANK OF INDIA Hyderabad Zonal Office, Patny Circle, Secunderabad - 3. Ph: 27883146 / 47 Fax: 040-27883190 Cell: 99490 98401
THIS KIT CONTAINS : FORM I
-
Letter from new recruits to be completed, signed & duly attested by SBI Officials.
FORM II
-
Instruction to our SBI Branches.
FORM III
-
Applications for sanction of personal loan / issue of Bank guarantee.
FORM IV
-
DP Note and DP Note take delivery letter.
FORM V
-
Instruction to Circle authorities.
FORM VI
-
Text of the consent clause by the borrower.
FORM VII
-
Text of the consent clause by the Guarantor.
FORM VIII -
Specimen signature card.
FORM IX
-
Online SBI Registration Form.
FORM X
-
SB A/c. Opening Form.
:2:
State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. BANK GUARANTEE TO SATYAM COMPUTER SERVICES LTD. NEW RECRUITS INFORMATION SHEET (IN CASE YOU NEED A LOAN) YOU ARE REQUIRED TO 1. Identify a person who will agree to stand guarantee and whose Net income is not less than Rs.2 lacs. per annum (It can be your parents also) 2. Fill in all the forms with complete details (blank forms will not be accepted) 3. Enclose the required documents listed below. 4. Purchase a DD for the required amount (see table below) 5. Contact any State Bank of India (SBI) branch at your place (in case you are in Hyderabad, Visit SBI, Humayun Nagar, PBB Dilsukhnagar or Region-I, Zonal Office, Patny Circle, Secunderabad.) 6. Meet the Branch Manager / Offical of SBI along with the forms duly filled in, DD, photocopies and orginals of all documents. 7. The Guarantor should accompany you, Guarantor to sign on (1) Page 8 Form II, (2) Page 9 Form IV (D.P. Note), (3) Page 9 Form IV, (4) D.P. Note take delivery, (5) Page 13 Form VII (5 signatures in all) 8. Affix your signature along with the guarantor in the presence of Bank official only, You have to sign on (1) Page 4 Form I, (2) Page 8 Form III, (3) Page 9 Form IV once on DP Note over Revenue Stamp (4) Second on the RHS, (5) On Page 9 Form IV at the bottom of the D.P. Note take delivery, (6) Page 12 Form VI, (7) Page 14 Form VIII, (8) Page 15 Form IX, (9) SB A/c. Opening Form (9 signatures) 9. Collect the Sealed cover containing the documents from the Bank official and submit it to any of the Addresses furnished in the Covering Letter. DOCUMENTS REQUIRED 1. PHOTO IDENTITY : Passport or Election ID card or PAN card or Driving License (photocopy of any one) 2. ADDRESS PROOF : Passport or Election ID card or PAN card or Driving License with your current address or Telephone Bill or Electricity Bill in your/parents name. Salary Slip or IT assessment order (photocopy of any one) of their parent along with Xerox copy of the offer letter from Satyam Computer Services Ltd. 1. Photo Identity and Address proof of the Guarantor (documents listed above) 2. Latest Salary Certificate and Form 16 of the Guarantor in case he / she is Salaried person. 3. Last two years IT returns and Audited Banlance Sheet of the Guarantor in case he / she is a Business man or Self employed person. 4. Income Certificate and proof of Land holdings (title deeds and latest record of rights) of the guarantor in case he/she is an agriculturist. 5. Assests and liabilities statement of Guardian / Guarantor (proforma enclosed) AMOUNT TO BE PAID DD Fovouring State Bank of India, Humayun Nagar Branch, Hyderabad. (No Cash / Cheque / Outstanding drafts accepted) BOND PERIOD 24 MONTHS EMI If you need a loan of Rs.1,90,000/Rs. 12,500/If you need a loan of Rs.2,00,000/-
Rs. 2,500/-
NOTE : Accounts will not be opened if forms are incomplete SBI Official to attest on Form I and SB A/c. Opening Form
: 3A :
State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. BANK GUARANTEE TO SATYAM COMPUTER SERVICES NEW RECRUITS INFORMATION SHEET (IN CASE YOU ARE DEPOSITING FULL
AMOUNT)
YOU ARE REQUIRED TO 1. Fill in all the forms with complete details (blank forms will not be accepted) 2. Enclosed the required documents listed below. 3. Purchase a DD for the required amount (see table below) 4. Contact any State Bank of India (SBI) branch at your palce (in case you are in Hyderabad, Visit SBI, Humayun Nagar / PBB Dilsukhnagar / Region-I, Zonal Office, Patny Circle, Secunderabad.) 5. Meet the Branch Manager / Offical of SBI along with the forms duly filled in, DD, photocopies and orginals of all documents. 6. Affix your signature on (1) Page 4 Form I, (2) Page 8 Form III, (3) Page 14 Form VIII (4) Page 15 Form IX, (5) SB A/c. Opening Form (5 signatures) 7. Collect the Sealed cover containing the documents from the Bank official and submit it to any of the Addresses furnished in the Covering Letter. DOCUMENTS REQUIRED 1. PHOTO IDENTITY : Passport or Election ID card or PAN card or Driving License (photocopy of any one) 2. ADDRESS PROOF : Passport or Election ID card or PAN card or Driving License with your current address or Telephone Bill or Electricity Bill in your/parents name. Salary Slip or IT assessment order (photocopy of any one). AMOUNT TO BE PAID
DD Fovouring State Bank of India Humayun Nagar Branch, Hyderabad. (No Cash / Cheque / Outstanding drafts accepted)
BOND PERIOD
24 MONTHS
If you do not need a loan
Rs.2,02,500/-
NOTE : Accounts will not be opened if forms are incomplete SBI Official to attest on Form I and SB A/c. Opening Form
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State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. From
FORM-I
__________________________________ (Full Name) __________________________________ (Address) __________________________________ To, The Chief Manager State Bank of India, Humayun Nagar Branch / PBB Dilsukhnagar, (Mehdipatnam) Hyderabad. Through SATYAM COMPUTER SERVICES LTD. Dear Sir, SATYAM COMPUTER SERVICES LTD. NEW RECRUITS Please find enclosed the followig documents for issue of bank guarantee of Rs.2 lacs to Satyam Computer Services. 1.
Identify Proof ______________________________
2.
Address Proof ______________________________
3.
SB Account Opening Form duly filled in with all relevant details.
4.
Application for issue of Bank Guarantee duly completed (Form III)
5.
I requrie a loan of Rs. 2.00 Lacs and hence the following documents are enclosed (i)
6.
DP Note and DP Note Take Delivery Letter
(ii) Identity Proof of the guarantor
_________________________ (Please Specify)
(iii) Address Proof of the guarantor
_________________________ (Please Specify)
(iv) Income Proof of the guarantor
_________________________ (Please Specify)
DD No. ______________________ for Rs. _____________________ dated _____________________ favouring State Bank of India, Humayun Nagar Branch, Hyderabad.
Yours faithfully,
( ) Signature of the Applicant FOR USE AT State Bankd of India Branch Confirmed that the applicant has submitted all the documents listed above. The applicant along with guarantor (only in case of loan) executed the documents in our presence.
Branch Seal with code Number and Full Address
Signature, Name and SS number of the Banks authorised official
:4:
State Bank of India FORM II To, The Chief Manager State Bank of India, ..................................................... .....................................................
Date:
Dear Sir, ADVANCES TO PER SEGMENT SATYAM COMPUTERS SERVICES LTD. HYBRID PRODUCT (PERSONAL LOAN AND BANK GUARANTEE)
Satyam Computer Services Ltd. are recruiting fresh graduates in a large scale every year, for their IT and ITES activities. In IT industry the attrition rate is a little high when compared to other industries. In order to curb this tendency Satyam Computer Services Ltd. have planned to impose a security deposit of Rs.2,00,000/ - on all new entrants. Since many of the new entrants may not be in a position to meet this cash security deposit, Satyam Computer Services Ltd. requested our Bank to formulate a product to take care of the security deposit needs of their new recruits. 2. Accordingly, we have devised a hybrid product combining Personal Loan and Bank Guarantee to the new entrants of Satyam Computer Services. The scheme is expected to be put into operation by next week. Under the new product, a personal loan of Rs.1,90,000/- will be sanctioned to the new entrant and the new entrant has to bring in a margin of Rs.10,000/- and the total amount of Rs.2,00,000/- will be held in Term Deposit. On the strength of this deposit a guarantee for Rs.2,00,000/- will be issued to Satyam Computer Services Ltd. for a period of 24 months on behalf of the new entrant. The personal loan will be recovered in EMI by means of checkoff / PDCs / salary deduction from the entrant. The guarantee will be reversed on the expiry of 15/24 months as stipulated by Satyam Computer Services Ltd. In case of attrition only the Person Loan will be under exposure to the Bank which is being covered by a personal guarantee of a third party provided by the new entrant. The above scheme has been approved by the Circle Management Committee at the Circle. 3. Since the new entrants to Satyam Computers Services are spread all over the country, we have planned to facilitate execution of various documents connected with the hybrid product (Personal Loan cum Guarantee) at a branch of our Bank situated close to the place of residence of new recruit/his parents/guarantor. As per the arrangement devised, the designated branch - Humayun Nagar / PBB Dilsukhnagar, for the above mentioned business will be forwarding all the set of documents as listed below directly to the newentrant who will approach the Branch Manager of the Branch which is situated close to his place of residence: 4. This Kit Contains: FORM I
-
Letter from Applicant to be completed, signed & duly attested by SBI Officials.
FORM II
-
Instruction to our SBI Branches.
FORM III
-
Application for sanction of personal loan / issue of Bank guarantee.
FORM IV
-
DP Note and DP Note take delivery letter.
FORM V
-
Instruction to Circle authorities.
FORM VI
-
Text of the consent clause by the borrower.
FORM VII
-
Text of the consent clause by the Guarantor.
FORM VIII
-
Specimen signature card.
FORM IX
-
OnlineSBI Registration form.
FORM XI
-
SB A/c Opening Form. :5:
Page - 2 5.
We, therefore, request you to obtain the following papers / documents duly completed:
a)
Application form for Personal Loan-Cum-Guarantee has to be filled in completely by the applicant. Both the applicant and the guarantor have to affix their signature on the application form in your presence. If it is already signed please obtain fresh signature in your presence.
b)
Obtain the DP Note (COS 228 since there is a guarantor) and take delivery letter for a loan of Rs.2,00,000/-. In case the candidate is able to bring margin to the loan amount it gets reduced accordingly. Therefore, the DP Note and DP Note Take Delivery Letter has to be obtained for the difference between Rs.2,00,000 and actual margin brought in by the new entrant. The margin money + Bank Guarantee charges will be brought in by the applicant in the form of a draft drawn directly in the name of SBI, Humanyun Nagar Branch. After verifying the margin position the DP and DPN Take Delivery Letter has to be completed accordingly. While DP Note and DPN Delivery letter will be in favour of Humayun Nagar Branch the place of execution should show your place. At the bottom of the DP Note please obtain endorsement by the guarantor since there is no provision on the reverse.
c)
Savings Bank Account application form has to be completed as per KYC norms. Please attest the Xerox copies of identity and address proof documents for having verified the original. In the event of the new entrant not being in a position to provide a personal introduction for opening SB account, he or she may be advised to produce a copy of his appointment order sent through e-mail by Satyam Computer Services Ltd. (by downloading from his PC) which will serve the purpose of introduction which should be enclosed to SB application form. Further, obtain online registration form duly completed.
d)
The Scheme envisages obtention of guarantee of third party. In this connection please ensure that the income of the guarantor is not less than Rs.2.00 lacs per annum. The proof of income viz. Employment/Salary Certificate/ From 16/IT Return has to be obtained. In respect of agricultural income proof of land holdings (Xerox copy of Record of Right/title Deeds/Partition Deed/any other documents evidencing title and extent of area of the agricultural property) of irrigated/rain fed areas has to be obtained. There is no need for obtention of any other document. The proof of identity and address of the guarantor has to be obtained as laid down in KYC norms.
e)
The recital is to be signed by the Branch Manager/other officials with his specimen signature number to the effect that the set of documents brought in by the applicant have been executed in his/her presence. In case the new entrant does not require a loan from the Bank then he/ she has to bring Draft for Rs.2,02,500/- along with Form III and Form V (Savings Bank / online Registration forms duly completed) for issue of Bank Guarantee. Execution of Form IV (DP note & DP note Delivery Letter) and the formalities relating to guarantor is not required. You are requested to ensure completion of Form III as an application for guarantee only and Account opening forms. Please affix your signature and seal for having verified his signature in SB account opening form.
6.
After due completion of all the above documents produced by the new entrant, please hand over the entire set of documents in a sealed cover to the applicant to enable him to hand over to Satyam Computer Services Ltd. authorities at the place of his reporting for onward transmission to S.B.I., Humayun Nagar Branch, Hyderabad.
7.
Your/other officials responsibility will be to the extent of the correctness of contents and completion of the documents executed by the new entrant in your/his presence.
8.
In the event of any practical difficulty faced in obtention and completion of the above stated document produced by the applicant, your are requested to contact Branch Manager, S.B.I., Humayun Nagar Branch / PBB Dilsukhnagar.
9.
As a one time service provider a service charge of Rs.500/- will be be remitted to you by our Branch on receipt of documents by us.
Yours Faithfully, CHIEF MANAGER
:6:
FORM-III
STATE BANK OF INDIA
Humayun Nagar Branch, (Mehdipatnam) Hyderabad. APPLICATION FOR SANCTION OF PERSONAL LOAN & ISSUE OF A BANK GUARANTEE FAVOURING SATYAM COMPUTER SERVICES LTD.
PERSONAL INFORMATION A.
Details of the Applicant :
Name Office Address (Proposed) Residential Address :
Present : Permanent :
Date of Birth Sex Education Employers Name & Address
Monthly Income (present or proposed)
Gross Rs.
Loan Amount *
Rs.
Net Rs.
Rate of Interest Repayment Period
On demand
Details of Bank Account, if any Details of the Guarantor (No need to furnish, if loan is not availed) 1. Name & Address/Relationship with the applicant
2. Monthly/Annual Income (to be supported by documentary proof) 3. Details of Bank account, if any H
NOTE : The Loan amount will be the difference between Rs.2,00,000/- and the deposit made by the applicant. Eg. if the deposit made is Rs.10,000/- the loan amount will be Rs.1,90,000/:7:
Declaration : I/We declare that all the particulars and information given in the application form are true, correct and complete and they shall form the basis of the Personal loan, the State Bank of India may decide to grant me/us. I/We undertake to inform the State Bank of India regarding change in my occupation / employment and to provide any information that the Bank may require. I/We authorized State Bank of India to issue a Bank Guarantee for Rs.2.00 lacs in favour of Satyam Computer Services as required by them in connection with my assignment for a period of 24 months. I request you to release the personal loan and hold the loan amount in Term Deposit with you as security for the bank guarantee to be issued by you in favour of Satyam Computer Services on my behalf and in case of invocation of the guarantee, the deposit may be closed prematurely and the proceeds utilized for paying the invoked guarantee amount. I/We confirm that we are resident Indians and understand that the sanction of the loan is subject to execution of documents as per Banks requirements. I/We agree that the Bank has the right to make such enquiries about me/us as the Bank thinks fit.
Signature of the Applicant
Signature of the Guarantor
Encloser : 1. Passport size photograph of Borrower and Guarantor. 2. Address proof of both Borrower / Guarantor evidences through Telephone Bill, Electricity Bill, Voter ID, PAN Card, Passport etc. 3. Income proof of the Guarantor - Salary certificate, IT Returns, Bank Statements for atleast past 6 months. 4. For agricultural income proof of land holdings of irrigated/rain fed areas to be produced.
:8:
FORM IV
Rs. _________________
________________200
On Demand I/We..................................................................................................................... Promise to pay .......................................................................................................................... or order at the STATE BANK OF INDIA,
Humayun Nagar Branch, (Mehdipatnam), Hyderabad.
the sum of Rupees ................................................................................................................ for value received with interest from this date at....................................................................... .............................................................................................................................................................. ............................................................................ with monthly rests.
Signature of Applicant Over Stamp
Signature of Applicant
N.B. : Stamp should be affixed by the maker writing his name or initials across them together with the true date of his so writing viz., the date of this note in addition to his signature on the note. (C.O.S : 228X)
Signature of Guarantor
D. P. NOTE DELIVERY LETTER Place : .....................................
To, The CHIEF MANAGER
Date : ......................................
State Bank of India Humayun Nagar Branch, (Mehdipatnam) Hyderabad.
Dear Sir, Please take delivery of the accompanying DEMAND PROMISSORY NOTE dated....................... for Rs. .................................... (Rupees ...................................................................................... .................................................................................................................................................... made by ................................................................................................................... in favour of State Bank of India, Humayun Nagar Branch, Hyderabad. We further request you to note that we dispense with a notice of dishonour in terms of section 98 (a) of the Negotiable Instruments Act. 1881, and that in the event of payment not being made on demand the Bank is at liberty to give time for payment to either of us without discharging the other of us from liability. Yours faithfully, __________________________ __________________________ C. O. S. 230-X Code No. 4011-465
Signature of the Applicant & Guarantor :9:
State Bank of India
Personal Banking Unit, Hyderabad Local Head Office, Hyderabad - 500 095. Phones: 040-2475 6758 / 2475 5718, Fax: 040-2476 1176 To The General Manager
State Bank of India Local Head Office, ALL CIRCLES PBU/ADV/
Date .........................
Dear Sir,
PERSONAL SEGMENT ADVANCES SATYAM COMPUER SERVICES LTD. NEW ENTRANTS HYBRID PRODUCT (PERSONAL LOAN AND BANK GUARANTEE) Satyam Computer Services are recruiting fresh graduates in a large scale every year for their IT and ITES activities. In IT industry the attrition rate is a little high when compared to other industries. In order to curb this tendency Satyam Computer Services have planned to impose a security deposit of Rs.2 lacs on all new entrants. Since many of the new entrants may not be in a position to meet this cash security deposit, Satyam Computer Services requested our Bank to formulate a product to take care of the security deposit needs of their new recruits. 2. Accordingly, we have devised a hybrid product combining Personal Loan and Bank Guarantee to the new entrants of Satyam Computer Services. The scheme is expected to be put into operation by next week. Under the new product, a personal loan of Rs.2 lacs will be sanctioned to the new entrant and the new entrant has to bring in a minimum amount of Rs.10,000/- towards Bank Guarantee issueing charges and the amount of Rs. 2 lacs will be held in Term Deposit. On the strength of this deposit a guarantee for Rs.2 lacs will be issued to Satyam Computer Services for a period of 24 months on behalf of the new entrant. The P loan will be repaid by the applicant in 24/36 EMIs By way of salary deduction or checkoff/ Post Dated cheques as the case may be by way of salary deduction from the entrant by Satyam Computer Services. The guarantee will be reversed on the expiry of period of 24 months as stipulated by Satyam Computer Services. In case of attrition only the Personal Loan will be under exposure to the Bank which is being covered by a personal grantee of a third party provided by the new entrant. 3. Since the new entrants to Satyam Computer Services are spread all over the country, we have planned to facilitate execution of various documents connected with the hybrid product (Personal Loan cum Guarantee) at a branch of our Bank situated close to the place of residence of new recruit/his parents/guarantor. As per the arrangement devised, the designated branch - Humayun nagar for the above mention business, will be forwarding all the set of documents as listed below directly to the new entrant who will approach the Branch Manager of the Branch which is situated close to his place of residence: 4. This Kit Contains : FROM I Letter from joinees to be completed, signed & duly attested by SBI Officials. FROM II Instruction to our SBI Branches FROM III Application for sanction of personal loan / issue of Bank guarantee. FROM IV DP Note and DP note take delivery letter. FROM V Instruction to Circle authorities FROM VI Text of the consent clause by the borrower. FROM VII Text of the consent clause by the Guarantor. FROM VIII Specimen signature card FROM IX Online SBI Registration form FROM X SB A/c Opening form : 10 :
Page - 2 5.
We are also addressing a letter signed by Chief Manager, Humayun Nagar Branch, Hyderabad to the branch the name of which will be filled by the new entrant and submitted to the Branch Manager of that branch for facilitating of filling up and execution of the above mentioned documents. The branch Manager will assist the new entrant in completing the various documents in his presence and hand over the entire set of papers back to the new entrant in a sealed cover who in turn will hand over to State Bank of India, drignated Branch authorities at the place of his reporting to enable them to issue Bank Guarantee.
6.
The Branch Manager concerned, before whom the documents will be executed will ensure the following:
(a) SB application form is completed as per KYC norms (b) Obtain the guarantee of person whose income is Rs.2 lacs per annum after the verification of his address and identity. (c) Verification of the proof of income through Employment/Salary Certificate/Form 16/IT Return a copy of which has to be obtained [In respect of agricultural income proof of land holdings (xerox copy of Record of Rights/ Title Deeds/Partition Deed/any other document evidencing title and extent of area of the agricultural property) of irrigated/rain fed areas has to be obtained]. 7.
The responsibility of the Branch Manager/other official will be to the extent of the correctness of contents and completion of the documents executed by the new entrant in his presence. The branch is eligible for a processing fee of Rs.500/- which will be paid after receipt of the document duly executed by the new entrant by the designated branch - Humayun Nagar, Hyderabad.
8.
Satyam Computer Services have Six (6) centres where new entrants will be joining. In view of the vast network and well spread out activities of Satyam Computer Services Ltd. we have devised the above arrangement for execution of various documents by the new entrants.
9.
In view of the above, we request you to advise all the branches under your control of the above arrangement and extend necessary support/guidance to the new entrants of Satyam Computer Services Ltd. who may approach your branches in this connection. In each set of paper sent to the new entrant we are also enclosing a copy of the letter addressed to you for advance information to Branch Managers under your control regarding the arrangement.
10. I request you to extent your whole hearted support.
Yours faithfully,
GENERAL MANAGER
: 11 :
FORM VI TEXT OF CONSENT CLAUSE TO BE EXECUTED BY BORROWER/S I/We understand that as a per-condition, relating to grant of the Loans/advances/ other non-fundbased credit facilities to me/us, the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad requires my/our consent for the disclosure by the bank of, information and data relating to me/us, of the credit facility availed of/to be availed, by me/us, obligations assumed/to be assumed, by me/us in relation thereto and default, if any, committed by me/us, in discharge thereof. 2. Accordingly, I/We hereby agree and give consent for the disclosure by the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad of all or any such; (a) information and data relating to me/us; (b) the information or data relating to any credit facility availed of / to be availed, by me/us, and (c) default, if any, committed by me/us, in discharge of my/our such obligation. as the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. And any other agency authorized in this behalf by RBI. 3.
I/We declare that the information and data furnished by me/us to the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad. are true and correct.
4.
I/We undertake that :
(a) the Credit Information Bureau (India) Ltd. And any other agency so authorized may use, process the said information and data disclosed by the manner as deemed fit by them; and (b) the Credit Information Bureau (India) Ltd. And any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression bank includes lending institutions for the purpose.
Date :
BORROWER : 12 :
FORM VII TEXT OF CONSENT CLAUSE TO BE EXECUTED BY GUARANTORS I/We understand that as a per-condition, relating to grant of the Loans/advances/ other non-fundbased credit facilities to .............................................................................................................. (name of the borrower/s) and furnishing of guarantee in relation thereto, the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad requires consent of the guarantor/s of the credit facility, granted/to be granted, by the bank for disclosure of information and data relating to the guarantor/ s, any credit facility availed of by the guarantor/s, obligations as assumed by the guarantor/s, in relation thereto and default, if any, committed, in discharge thereof. 2. Accordingly, I/We hereby agree and give consent for the disclosure by the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad of all or any such; (a) information and data relating to me/us; (b) the information or data relating to my/our obligations in any credit facility granted/to be granted by the bank guaranteed by me/us as a guarantor; and (c) default, if any, committed by me/us, in discharge of my/our such obligation. as the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. And any other agency authorized in this behalf by RBI. 3.
I/We declare that the information and data furnished by me/us to the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad are true and correct.
4.
I/We undertake that :
(a) the Credit Information Bureau (India) Ltd. And any other agency so authorized may use, process the said information and data disclosed by the manner as deemed fit by them; and (b) the Credit Information Bureau (India) Ltd. And any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression bank includes lending institutions for the purpose.
Date :
GUARANTOR : 13 :
FORM VIII
Specimen Signature Card for Scanning STATE BANK OF INDIA HUMAYUN NAGAR BRANCH, (MEHDIPATNAM), HYDERABAD. CODE : Name of A/c Holder
A/c No.
(A)
Mode of Operation :For office use :
(B)
Signature Verified
Specimen Signatures Signature Scanned
A. B.
Initials
: 14 :
FORM IX
ONLINE SBI REGISTRATION FORM
To, The Branch Manager State Bank of India, Humayun Nagar Branch, (Mehdipatnam), Hyderabad. I wish to register as user of OnlineSBI SBIs Internet Banking Service. Name fo Customer :
(25 characters)
Address
:
Phone
:
E-mail
:
Date of Birth
:
Single/ Joint* Accounts
My Account Number (s)
I want to Anail Transaction Rights (Y/N)
I have received a sealed envelope containing the kit with the userId and password printed on it. I have read the provisions contained in the Terms of Service document of Online SBI and accept them. I agree that the transactions executed over Online SBI under my Username and password will be binding on me Rights on the Online SBI service wil be same as that in your account at the branch.
H
Customers Signature
Date:
Note : Transaction right is necessary for you to use facility like railway ticket, bill payments for electricity, phone etc.,
: 15 :
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028.
Dear Sir / Madam, We have immense pleasure in congratulating you on your selection by Satyam Computer Services Ltd. We are happy to be associated with you for all your banking needs. You may be aware that, one of the terms of appointment is the requirement of furnishing a Bank Guarantee for a sum of Rs.2 lacs to Satyam Computer Services Ltd. We have designed a scheme to enable Satyam the new entrants to avail a loan from us for providing a Bank Guarantee for the purpose. You can either deposit the entire amount of Rs.2 lacs which will be invested as a Special Term Deposit Receipt (STDR) (the interest will be cumulated on the deposit and interest will be paid at the end of the bond period with us) against which a Bank Guarantee will be issued to Satyam Computer Services Ltd. or you can avail a loan from us for any shortfall upto a maximum of Rs. 2 lacs which will be made into a term deposit receipt (TDR) and a bank guarantee will be issued to Satyam Computer Services Ltd. To elucidate : A
Bank Guarantee to Satyam Computer Services
B C D E
Your Contribution Bank Loan (A - B) Total (B + C) Interest paid by the Bank to you at prevailing rate of interest
F
Interest to be paid by you for the loan at prevailing rate of interest
G
Bank Guarantee Charges (One Time)
H
Rs.2 lacs If loan is required Maximum Rs.10,000/Maximum Rs.2,00,000/Rs.2,00,000/Will be reinvested as deposit and principal together with interest will be paid at the end of the bond period.
Guarantor
If loan is not required Rs.2,00,000/NIL Rs.2,00,000/-
Loan Amount will be recovered in EMIs by means of checkoff/ standing instructions/ Post dated cheques BOND PERIOD
BOND PERIOD
24 months
24 Months
Rs.2,500/-
NIL
Rs.2,500/-
Personal guarantee of a person whose Net annual income is not less than Rs.2lacs.
Should you require further clarifications / asistance please feel free to contact us at the following: 1. State Bank of India, Humayun Nagar Br., Hyderabad. [email protected] 2. State Bank of India, PBB Dilsukhnagar. Hyderabad. [email protected] 3. Asst. General Manager, State Bank of India, Region-I, Patny Circle, Secunderabad. [email protected]
Wishing you all the best in your career. Yours sincerely,
CHIEF MANAGER STATE BANK OF INDIA PBB, Dilsukhnagar, Hyderabad. 040-2405 3289, 2405 8333 Cell: 98486 04639
STATE BANK OF INDIA Humayun Nagar Branch, Hyderabad. 040-2351 3797, 2351 8151 Cell: 99493 22692 :1:
STATE BANK OF INDIA Hyderabad Zonal Office, Patny Circle, Secunderabad - 3. Ph: 27883146 / 47 Fax: 040-27883190 Cell: 99490 98401
THIS KIT CONTAINS : FORM I
-
Letter from new recruits to be completed, signed & duly attested by SBI Officials.
FORM II
-
Instruction to our SBI Branches.
FORM III
-
Applications for sanction of personal loan / issue of Bank guarantee.
FORM IV
-
DP Note and DP Note take delivery letter.
FORM V
-
Instruction to Circle authorities.
FORM VI
-
Text of the consent clause by the borrower.
FORM VII
-
Text of the consent clause by the Guarantor.
FORM VIII -
Specimen signature card.
FORM IX
-
Online SBI Registration Form.
FORM X
-
SB A/c. Opening Form.
:2:
State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. BANK GUARANTEE TO SATYAM COMPUTER SERVICES LTD. NEW RECRUITS INFORMATION SHEET (IN CASE YOU NEED A LOAN) YOU ARE REQUIRED TO 1. Identify a person who will agree to stand guarantee and whose Net income is not less than Rs.2 lacs. per annum (It can be your parents also) 2. Fill in all the forms with complete details (blank forms will not be accepted) 3. Enclose the required documents listed below. 4. Purchase a DD for the required amount (see table below) 5. Contact any State Bank of India (SBI) branch at your place (in case you are in Hyderabad, Visit SBI, Humayun Nagar, PBB Dilsukhnagar or Region-I, Zonal Office, Patny Circle, Secunderabad.) 6. Meet the Branch Manager / Offical of SBI along with the forms duly filled in, DD, photocopies and orginals of all documents. 7. The Guarantor should accompany you, Guarantor to sign on (1) Page 8 Form II, (2) Page 9 Form IV (D.P. Note), (3) Page 9 Form IV, (4) D.P. Note take delivery, (5) Page 13 Form VII (5 signatures in all) 8. Affix your signature along with the guarantor in the presence of Bank official only, You have to sign on (1) Page 4 Form I, (2) Page 8 Form III, (3) Page 9 Form IV once on DP Note over Revenue Stamp (4) Second on the RHS, (5) On Page 9 Form IV at the bottom of the D.P. Note take delivery, (6) Page 12 Form VI, (7) Page 14 Form VIII, (8) Page 15 Form IX, (9) SB A/c. Opening Form (9 signatures) 9. Collect the Sealed cover containing the documents from the Bank official and submit it to any of the Addresses furnished in the Covering Letter. DOCUMENTS REQUIRED 1. PHOTO IDENTITY : Passport or Election ID card or PAN card or Driving License (photocopy of any one) 2. ADDRESS PROOF : Passport or Election ID card or PAN card or Driving License with your current address or Telephone Bill or Electricity Bill in your/parents name. Salary Slip or IT assessment order (photocopy of any one) of their parent along with Xerox copy of the offer letter from Satyam Computer Services Ltd. 1. Photo Identity and Address proof of the Guarantor (documents listed above) 2. Latest Salary Certificate and Form 16 of the Guarantor in case he / she is Salaried person. 3. Last two years IT returns and Audited Banlance Sheet of the Guarantor in case he / she is a Business man or Self employed person. 4. Income Certificate and proof of Land holdings (title deeds and latest record of rights) of the guarantor in case he/she is an agriculturist. 5. Assests and liabilities statement of Guardian / Guarantor (proforma enclosed) AMOUNT TO BE PAID DD Fovouring State Bank of India, Humayun Nagar Branch, Hyderabad. (No Cash / Cheque / Outstanding drafts accepted) BOND PERIOD 24 MONTHS EMI If you need a loan of Rs.1,90,000/Rs. 12,500/If you need a loan of Rs.2,00,000/-
Rs. 2,500/-
NOTE : Accounts will not be opened if forms are incomplete SBI Official to attest on Form I and SB A/c. Opening Form
: 3A :
State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. BANK GUARANTEE TO SATYAM COMPUTER SERVICES NEW RECRUITS INFORMATION SHEET (IN CASE YOU ARE DEPOSITING FULL
AMOUNT)
YOU ARE REQUIRED TO 1. Fill in all the forms with complete details (blank forms will not be accepted) 2. Enclosed the required documents listed below. 3. Purchase a DD for the required amount (see table below) 4. Contact any State Bank of India (SBI) branch at your palce (in case you are in Hyderabad, Visit SBI, Humayun Nagar / PBB Dilsukhnagar / Region-I, Zonal Office, Patny Circle, Secunderabad.) 5. Meet the Branch Manager / Offical of SBI along with the forms duly filled in, DD, photocopies and orginals of all documents. 6. Affix your signature on (1) Page 4 Form I, (2) Page 8 Form III, (3) Page 14 Form VIII (4) Page 15 Form IX, (5) SB A/c. Opening Form (5 signatures) 7. Collect the Sealed cover containing the documents from the Bank official and submit it to any of the Addresses furnished in the Covering Letter. DOCUMENTS REQUIRED 1. PHOTO IDENTITY : Passport or Election ID card or PAN card or Driving License (photocopy of any one) 2. ADDRESS PROOF : Passport or Election ID card or PAN card or Driving License with your current address or Telephone Bill or Electricity Bill in your/parents name. Salary Slip or IT assessment order (photocopy of any one). AMOUNT TO BE PAID
DD Fovouring State Bank of India Humayun Nagar Branch, Hyderabad. (No Cash / Cheque / Outstanding drafts accepted)
BOND PERIOD
24 MONTHS
If you do not need a loan
Rs.2,02,500/-
NOTE : Accounts will not be opened if forms are incomplete SBI Official to attest on Form I and SB A/c. Opening Form
:3:
State Bank of India
Humayun Nagar Branch (Mehdipatnam) Hyderabad - 500 028. From
FORM-I
__________________________________ (Full Name) __________________________________ (Address) __________________________________ To, The Chief Manager State Bank of India, Humayun Nagar Branch / PBB Dilsukhnagar, (Mehdipatnam) Hyderabad. Through SATYAM COMPUTER SERVICES LTD. Dear Sir, SATYAM COMPUTER SERVICES LTD. NEW RECRUITS Please find enclosed the followig documents for issue of bank guarantee of Rs.2 lacs to Satyam Computer Services. 1.
Identify Proof ______________________________
2.
Address Proof ______________________________
3.
SB Account Opening Form duly filled in with all relevant details.
4.
Application for issue of Bank Guarantee duly completed (Form III)
5.
I requrie a loan of Rs. 2.00 Lacs and hence the following documents are enclosed (i)
6.
DP Note and DP Note Take Delivery Letter
(ii) Identity Proof of the guarantor
_________________________ (Please Specify)
(iii) Address Proof of the guarantor
_________________________ (Please Specify)
(iv) Income Proof of the guarantor
_________________________ (Please Specify)
DD No. ______________________ for Rs. _____________________ dated _____________________ favouring State Bank of India, Humayun Nagar Branch, Hyderabad.
Yours faithfully,
( ) Signature of the Applicant FOR USE AT State Bankd of India Branch Confirmed that the applicant has submitted all the documents listed above. The applicant along with guarantor (only in case of loan) executed the documents in our presence.
Branch Seal with code Number and Full Address
Signature, Name and SS number of the Banks authorised official
:4:
State Bank of India FORM II To, The Chief Manager State Bank of India, ..................................................... .....................................................
Date:
Dear Sir, ADVANCES TO PER SEGMENT SATYAM COMPUTERS SERVICES LTD. HYBRID PRODUCT (PERSONAL LOAN AND BANK GUARANTEE)
Satyam Computer Services Ltd. are recruiting fresh graduates in a large scale every year, for their IT and ITES activities. In IT industry the attrition rate is a little high when compared to other industries. In order to curb this tendency Satyam Computer Services Ltd. have planned to impose a security deposit of Rs.2,00,000/ - on all new entrants. Since many of the new entrants may not be in a position to meet this cash security deposit, Satyam Computer Services Ltd. requested our Bank to formulate a product to take care of the security deposit needs of their new recruits. 2. Accordingly, we have devised a hybrid product combining Personal Loan and Bank Guarantee to the new entrants of Satyam Computer Services. The scheme is expected to be put into operation by next week. Under the new product, a personal loan of Rs.1,90,000/- will be sanctioned to the new entrant and the new entrant has to bring in a margin of Rs.10,000/- and the total amount of Rs.2,00,000/- will be held in Term Deposit. On the strength of this deposit a guarantee for Rs.2,00,000/- will be issued to Satyam Computer Services Ltd. for a period of 24 months on behalf of the new entrant. The personal loan will be recovered in EMI by means of checkoff / PDCs / salary deduction from the entrant. The guarantee will be reversed on the expiry of 15/24 months as stipulated by Satyam Computer Services Ltd. In case of attrition only the Person Loan will be under exposure to the Bank which is being covered by a personal guarantee of a third party provided by the new entrant. The above scheme has been approved by the Circle Management Committee at the Circle. 3. Since the new entrants to Satyam Computers Services are spread all over the country, we have planned to facilitate execution of various documents connected with the hybrid product (Personal Loan cum Guarantee) at a branch of our Bank situated close to the place of residence of new recruit/his parents/guarantor. As per the arrangement devised, the designated branch - Humayun Nagar / PBB Dilsukhnagar, for the above mentioned business will be forwarding all the set of documents as listed below directly to the newentrant who will approach the Branch Manager of the Branch which is situated close to his place of residence: 4. This Kit Contains: FORM I
-
Letter from Applicant to be completed, signed & duly attested by SBI Officials.
FORM II
-
Instruction to our SBI Branches.
FORM III
-
Application for sanction of personal loan / issue of Bank guarantee.
FORM IV
-
DP Note and DP Note take delivery letter.
FORM V
-
Instruction to Circle authorities.
FORM VI
-
Text of the consent clause by the borrower.
FORM VII
-
Text of the consent clause by the Guarantor.
FORM VIII
-
Specimen signature card.
FORM IX
-
OnlineSBI Registration form.
FORM XI
-
SB A/c Opening Form. :5:
Page - 2 5.
We, therefore, request you to obtain the following papers / documents duly completed:
a)
Application form for Personal Loan-Cum-Guarantee has to be filled in completely by the applicant. Both the applicant and the guarantor have to affix their signature on the application form in your presence. If it is already signed please obtain fresh signature in your presence.
b)
Obtain the DP Note (COS 228 since there is a guarantor) and take delivery letter for a loan of Rs.2,00,000/-. In case the candidate is able to bring margin to the loan amount it gets reduced accordingly. Therefore, the DP Note and DP Note Take Delivery Letter has to be obtained for the difference between Rs.2,00,000 and actual margin brought in by the new entrant. The margin money + Bank Guarantee charges will be brought in by the applicant in the form of a draft drawn directly in the name of SBI, Humanyun Nagar Branch. After verifying the margin position the DP and DPN Take Delivery Letter has to be completed accordingly. While DP Note and DPN Delivery letter will be in favour of Humayun Nagar Branch the place of execution should show your place. At the bottom of the DP Note please obtain endorsement by the guarantor since there is no provision on the reverse.
c)
Savings Bank Account application form has to be completed as per KYC norms. Please attest the Xerox copies of identity and address proof documents for having verified the original. In the event of the new entrant not being in a position to provide a personal introduction for opening SB account, he or she may be advised to produce a copy of his appointment order sent through e-mail by Satyam Computer Services Ltd. (by downloading from his PC) which will serve the purpose of introduction which should be enclosed to SB application form. Further, obtain online registration form duly completed.
d)
The Scheme envisages obtention of guarantee of third party. In this connection please ensure that the income of the guarantor is not less than Rs.2.00 lacs per annum. The proof of income viz. Employment/Salary Certificate/ From 16/IT Return has to be obtained. In respect of agricultural income proof of land holdings (Xerox copy of Record of Right/title Deeds/Partition Deed/any other documents evidencing title and extent of area of the agricultural property) of irrigated/rain fed areas has to be obtained. There is no need for obtention of any other document. The proof of identity and address of the guarantor has to be obtained as laid down in KYC norms.
e)
The recital is to be signed by the Branch Manager/other officials with his specimen signature number to the effect that the set of documents brought in by the applicant have been executed in his/her presence. In case the new entrant does not require a loan from the Bank then he/ she has to bring Draft for Rs.2,02,500/- along with Form III and Form V (Savings Bank / online Registration forms duly completed) for issue of Bank Guarantee. Execution of Form IV (DP note & DP note Delivery Letter) and the formalities relating to guarantor is not required. You are requested to ensure completion of Form III as an application for guarantee only and Account opening forms. Please affix your signature and seal for having verified his signature in SB account opening form.
6.
After due completion of all the above documents produced by the new entrant, please hand over the entire set of documents in a sealed cover to the applicant to enable him to hand over to Satyam Computer Services Ltd. authorities at the place of his reporting for onward transmission to S.B.I., Humayun Nagar Branch, Hyderabad.
7.
Your/other officials responsibility will be to the extent of the correctness of contents and completion of the documents executed by the new entrant in your/his presence.
8.
In the event of any practical difficulty faced in obtention and completion of the above stated document produced by the applicant, your are requested to contact Branch Manager, S.B.I., Humayun Nagar Branch / PBB Dilsukhnagar.
9.
As a one time service provider a service charge of Rs.500/- will be be remitted to you by our Branch on receipt of documents by us.
Yours Faithfully, CHIEF MANAGER
:6:
FORM-III
STATE BANK OF INDIA
Humayun Nagar Branch, (Mehdipatnam) Hyderabad. APPLICATION FOR SANCTION OF PERSONAL LOAN & ISSUE OF A BANK GUARANTEE FAVOURING SATYAM COMPUTER SERVICES LTD.
PERSONAL INFORMATION A.
Details of the Applicant :
Name Office Address (Proposed) Residential Address :
Present : Permanent :
Date of Birth Sex Education Employers Name & Address
Monthly Income (present or proposed)
Gross Rs.
Loan Amount *
Rs.
Net Rs.
Rate of Interest Repayment Period
On demand
Details of Bank Account, if any Details of the Guarantor (No need to furnish, if loan is not availed) 1. Name & Address/Relationship with the applicant
2. Monthly/Annual Income (to be supported by documentary proof) 3. Details of Bank account, if any H
NOTE : The Loan amount will be the difference between Rs.2,00,000/- and the deposit made by the applicant. Eg. if the deposit made is Rs.10,000/- the loan amount will be Rs.1,90,000/:7:
Declaration : I/We declare that all the particulars and information given in the application form are true, correct and complete and they shall form the basis of the Personal loan, the State Bank of India may decide to grant me/us. I/We undertake to inform the State Bank of India regarding change in my occupation / employment and to provide any information that the Bank may require. I/We authorized State Bank of India to issue a Bank Guarantee for Rs.2.00 lacs in favour of Satyam Computer Services as required by them in connection with my assignment for a period of 24 months. I request you to release the personal loan and hold the loan amount in Term Deposit with you as security for the bank guarantee to be issued by you in favour of Satyam Computer Services on my behalf and in case of invocation of the guarantee, the deposit may be closed prematurely and the proceeds utilized for paying the invoked guarantee amount. I/We confirm that we are resident Indians and understand that the sanction of the loan is subject to execution of documents as per Banks requirements. I/We agree that the Bank has the right to make such enquiries about me/us as the Bank thinks fit.
Signature of the Applicant
Signature of the Guarantor
Encloser : 1. Passport size photograph of Borrower and Guarantor. 2. Address proof of both Borrower / Guarantor evidences through Telephone Bill, Electricity Bill, Voter ID, PAN Card, Passport etc. 3. Income proof of the Guarantor - Salary certificate, IT Returns, Bank Statements for atleast past 6 months. 4. For agricultural income proof of land holdings of irrigated/rain fed areas to be produced.
:8:
FORM IV
Rs. _________________
________________200
On Demand I/We..................................................................................................................... Promise to pay .......................................................................................................................... or order at the STATE BANK OF INDIA,
Humayun Nagar Branch, (Mehdipatnam), Hyderabad.
the sum of Rupees ................................................................................................................ for value received with interest from this date at....................................................................... .............................................................................................................................................................. ............................................................................ with monthly rests.
Signature of Applicant Over Stamp
Signature of Applicant
N.B. : Stamp should be affixed by the maker writing his name or initials across them together with the true date of his so writing viz., the date of this note in addition to his signature on the note. (C.O.S : 228X)
Signature of Guarantor
D. P. NOTE DELIVERY LETTER Place : .....................................
To, The CHIEF MANAGER
Date : ......................................
State Bank of India Humayun Nagar Branch, (Mehdipatnam) Hyderabad.
Dear Sir, Please take delivery of the accompanying DEMAND PROMISSORY NOTE dated....................... for Rs. .................................... (Rupees ...................................................................................... .................................................................................................................................................... made by ................................................................................................................... in favour of State Bank of India, Humayun Nagar Branch, Hyderabad. We further request you to note that we dispense with a notice of dishonour in terms of section 98 (a) of the Negotiable Instruments Act. 1881, and that in the event of payment not being made on demand the Bank is at liberty to give time for payment to either of us without discharging the other of us from liability. Yours faithfully, __________________________ __________________________ C. O. S. 230-X Code No. 4011-465
Signature of the Applicant & Guarantor :9:
State Bank of India
Personal Banking Unit, Hyderabad Local Head Office, Hyderabad - 500 095. Phones: 040-2475 6758 / 2475 5718, Fax: 040-2476 1176 To The General Manager
State Bank of India Local Head Office, ALL CIRCLES PBU/ADV/
Date .........................
Dear Sir,
PERSONAL SEGMENT ADVANCES SATYAM COMPUER SERVICES LTD. NEW ENTRANTS HYBRID PRODUCT (PERSONAL LOAN AND BANK GUARANTEE) Satyam Computer Services are recruiting fresh graduates in a large scale every year for their IT and ITES activities. In IT industry the attrition rate is a little high when compared to other industries. In order to curb this tendency Satyam Computer Services have planned to impose a security deposit of Rs.2 lacs on all new entrants. Since many of the new entrants may not be in a position to meet this cash security deposit, Satyam Computer Services requested our Bank to formulate a product to take care of the security deposit needs of their new recruits. 2. Accordingly, we have devised a hybrid product combining Personal Loan and Bank Guarantee to the new entrants of Satyam Computer Services. The scheme is expected to be put into operation by next week. Under the new product, a personal loan of Rs.2 lacs will be sanctioned to the new entrant and the new entrant has to bring in a minimum amount of Rs.10,000/- towards Bank Guarantee issueing charges and the amount of Rs. 2 lacs will be held in Term Deposit. On the strength of this deposit a guarantee for Rs.2 lacs will be issued to Satyam Computer Services for a period of 24 months on behalf of the new entrant. The P loan will be repaid by the applicant in 24/36 EMIs By way of salary deduction or checkoff/ Post Dated cheques as the case may be by way of salary deduction from the entrant by Satyam Computer Services. The guarantee will be reversed on the expiry of period of 24 months as stipulated by Satyam Computer Services. In case of attrition only the Personal Loan will be under exposure to the Bank which is being covered by a personal grantee of a third party provided by the new entrant. 3. Since the new entrants to Satyam Computer Services are spread all over the country, we have planned to facilitate execution of various documents connected with the hybrid product (Personal Loan cum Guarantee) at a branch of our Bank situated close to the place of residence of new recruit/his parents/guarantor. As per the arrangement devised, the designated branch - Humayun nagar for the above mention business, will be forwarding all the set of documents as listed below directly to the new entrant who will approach the Branch Manager of the Branch which is situated close to his place of residence: 4. This Kit Contains : FROM I Letter from joinees to be completed, signed & duly attested by SBI Officials. FROM II Instruction to our SBI Branches FROM III Application for sanction of personal loan / issue of Bank guarantee. FROM IV DP Note and DP note take delivery letter. FROM V Instruction to Circle authorities FROM VI Text of the consent clause by the borrower. FROM VII Text of the consent clause by the Guarantor. FROM VIII Specimen signature card FROM IX Online SBI Registration form FROM X SB A/c Opening form : 10 :
Page - 2 5.
We are also addressing a letter signed by Chief Manager, Humayun Nagar Branch, Hyderabad to the branch the name of which will be filled by the new entrant and submitted to the Branch Manager of that branch for facilitating of filling up and execution of the above mentioned documents. The branch Manager will assist the new entrant in completing the various documents in his presence and hand over the entire set of papers back to the new entrant in a sealed cover who in turn will hand over to State Bank of India, drignated Branch authorities at the place of his reporting to enable them to issue Bank Guarantee.
6.
The Branch Manager concerned, before whom the documents will be executed will ensure the following:
(a) SB application form is completed as per KYC norms (b) Obtain the guarantee of person whose income is Rs.2 lacs per annum after the verification of his address and identity. (c) Verification of the proof of income through Employment/Salary Certificate/Form 16/IT Return a copy of which has to be obtained [In respect of agricultural income proof of land holdings (xerox copy of Record of Rights/ Title Deeds/Partition Deed/any other document evidencing title and extent of area of the agricultural property) of irrigated/rain fed areas has to be obtained]. 7.
The responsibility of the Branch Manager/other official will be to the extent of the correctness of contents and completion of the documents executed by the new entrant in his presence. The branch is eligible for a processing fee of Rs.500/- which will be paid after receipt of the document duly executed by the new entrant by the designated branch - Humayun Nagar, Hyderabad.
8.
Satyam Computer Services have Six (6) centres where new entrants will be joining. In view of the vast network and well spread out activities of Satyam Computer Services Ltd. we have devised the above arrangement for execution of various documents by the new entrants.
9.
In view of the above, we request you to advise all the branches under your control of the above arrangement and extend necessary support/guidance to the new entrants of Satyam Computer Services Ltd. who may approach your branches in this connection. In each set of paper sent to the new entrant we are also enclosing a copy of the letter addressed to you for advance information to Branch Managers under your control regarding the arrangement.
10. I request you to extent your whole hearted support.
Yours faithfully,
GENERAL MANAGER
: 11 :
FORM VI TEXT OF CONSENT CLAUSE TO BE EXECUTED BY BORROWER/S I/We understand that as a per-condition, relating to grant of the Loans/advances/ other non-fundbased credit facilities to me/us, the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad requires my/our consent for the disclosure by the bank of, information and data relating to me/us, of the credit facility availed of/to be availed, by me/us, obligations assumed/to be assumed, by me/us in relation thereto and default, if any, committed by me/us, in discharge thereof. 2. Accordingly, I/We hereby agree and give consent for the disclosure by the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad of all or any such; (a) information and data relating to me/us; (b) the information or data relating to any credit facility availed of / to be availed, by me/us, and (c) default, if any, committed by me/us, in discharge of my/our such obligation. as the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. And any other agency authorized in this behalf by RBI. 3.
I/We declare that the information and data furnished by me/us to the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad. are true and correct.
4.
I/We undertake that :
(a) the Credit Information Bureau (India) Ltd. And any other agency so authorized may use, process the said information and data disclosed by the manner as deemed fit by them; and (b) the Credit Information Bureau (India) Ltd. And any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression bank includes lending institutions for the purpose.
Date :
BORROWER : 12 :
FORM VII TEXT OF CONSENT CLAUSE TO BE EXECUTED BY GUARANTORS I/We understand that as a per-condition, relating to grant of the Loans/advances/ other non-fundbased credit facilities to .............................................................................................................. (name of the borrower/s) and furnishing of guarantee in relation thereto, the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad requires consent of the guarantor/s of the credit facility, granted/to be granted, by the bank for disclosure of information and data relating to the guarantor/ s, any credit facility availed of by the guarantor/s, obligations as assumed by the guarantor/s, in relation thereto and default, if any, committed, in discharge thereof. 2. Accordingly, I/We hereby agree and give consent for the disclosure by the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad of all or any such; (a) information and data relating to me/us; (b) the information or data relating to my/our obligations in any credit facility granted/to be granted by the bank guaranteed by me/us as a guarantor; and (c) default, if any, committed by me/us, in discharge of my/our such obligation. as the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. And any other agency authorized in this behalf by RBI. 3.
I/We declare that the information and data furnished by me/us to the STATE BANK OF INDIA, Humayun Nagar Branch, Hyderabad are true and correct.
4.
I/We undertake that :
(a) the Credit Information Bureau (India) Ltd. And any other agency so authorized may use, process the said information and data disclosed by the manner as deemed fit by them; and (b) the Credit Information Bureau (India) Ltd. And any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression bank includes lending institutions for the purpose.
Date :
GUARANTOR : 13 :
FORM VIII
Specimen Signature Card for Scanning STATE BANK OF INDIA HUMAYUN NAGAR BRANCH, (MEHDIPATNAM), HYDERABAD. CODE : Name of A/c Holder
A/c No.
(A)
Mode of Operation :For office use :
(B)
Signature Verified
Specimen Signatures Signature Scanned
A. B.
Initials
: 14 :
FORM IX
ONLINE SBI REGISTRATION FORM
To, The Branch Manager State Bank of India, Humayun Nagar Branch, (Mehdipatnam), Hyderabad. I wish to register as user of OnlineSBI SBIs Internet Banking Service. Name fo Customer :
(25 characters)
Address
:
Phone
:
:
Date of Birth
:
Single/ Joint* Accounts
My Account Number (s)
I want to Anail Transaction Rights (Y/N)
I have received a sealed envelope containing the kit with the userId and password printed on it. I have read the provisions contained in the Terms of Service document of Online SBI and accept them. I agree that the transactions executed over Online SBI under my Username and password will be binding on me Rights on the Online SBI service wil be same as that in your account at the branch.
H
Customers Signature
Date:
Note : Transaction right is necessary for you to use facility like railway ticket, bill payments for electricity, phone etc.,
: 15 :
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