Corporate Internet Banking (CINB) of State Bank of Mysore is the channel which facilitates Corporate Customers (any non- individual customer such as firms, companies, trusts, partnerships, proprietorship concerns etc.) to carry out banking activities online anywhere and anytime, aided with the power and convenience of the internet.
For the purpose of Corporate Internet Banking, any non-individual customer, whether it is a single man enterprise, small business enterprise, firm, trust, institution, Government organization or large conglomerate is treated as a Corporate. Any Corporate maintaining account with any branch of State Bank of Mysore can avail CINB.
Visit online banking site of SBM at retail.onlinesbm.com. Click on 'Corporate Banking' tab to land on the CINB home page.
Yes CINB facility will be made available by all branches of SBM across the country.
No. Corporate Internet Banking as the name itself indicates is meant exclusively for Corporate customers (non individuals). For individual customers Retail Internet Banking facility is separately available.
Retail internet banking is a single user product whereas CINB (Khata plus, Vyapaar and Vistaar) provide for multiple users with varying powers as per requirement of the Corporate. In fact under CINB the Corporate gets the capability to grant discretionary access to banking accounts by internal users and dynamically manage permissions to banking transactions and monitor them.
The Internet banking portal of SBM, retail.onlinesbm.com is a highly secure, verisign certified site with the transaction data travelling encrypted via an SSL medium (256-bit SSL tunnel), the highest level of security on the internet. The advanced EV-SSL Certificate provides evidence of authenticity to the website which safeguards users from accessing through unauthorised sites.
Yes, at SBM, we understand the banking requirements of the various corporates according to the size and complexity. Hence we have designed a variety of Internet Banking products to suit the varying needs of different target groups. You can choose the product among the following that suits your needs best.
You can approach the SBM branch where your account is maintained for availing any one of the variants of Corporate Internet Banking mentioned above at question no. 8. The registration forms required for the various products can be downloaded from our online banking website retail.onlinesbm.com through the link "Registration Forms" provided at the top of the Home Page of Corporate Internet Banking. Forms duly filled and accompanied with Board Resolution, wherever required, should be submitted to the branch.
The list of possible role holders in CINB is as follows:
The Branch will create a Corporate ID and provide User ID and password for the following corporate role holders.
Yes. The User ID and Password may be issued by means of Pre Printed Kit which is handed over to the respective user against his/her acknowledgment.
Yes. In case the user is unable to visit the branch personally for receiving Pre Printed Kit, the Username and Password can be sent separately through dispatch mode.
Yes. If you wish to use CINB for enquiry only, you can avail Khata facility.
Yes. You can avail 'Saral' facility. As explained at question No 3 above this is a single user, transactional product.
In a single day the total amount transferred to these three categories should not exceed Rs.5.00 lacs.
You can avail Vyapaar facility. The product provides transaction rights. If however, you choose to use CINB for enquiry purpose alone, you may opt for Khata Plus.
Khata facility cannot be upgraded to other facilities with transaction rights. However, corporates who have availed Khata can register for Saral, Vyapaar or Vistaar depending on their constitution and requirements after requesting the branch to deactivate Khata facility.
Yes. Khata Plus can be upgraded to Vyapaar or Vistaar. These two variants provide transaction rights. Up-gradation is done by the branch.
Yes. Khata plus (enquiry only) and Vistaar facilities allow accounts in various branches to be mapped to one Corporate ID.
Yes. Under Khata Plus (enquiry only) and Vistaar (transaction facility), the Corporate can opt for multiple admin mode. The accounts of the various units can be mapped to the respective administrators.
Following facilities/ types of transactions are enabled through our above transactional products
Yes. CINB provides Corporates the capability to regulate user access to banking accounts by internal users and dynamically manage permissions to banking transactions and monitor them.
Yes. The key security feature of CINB is the concept of maker and checker. Transactions are created by one of the users called the maker and authorised by one or more authorisers.
Yes. The Vistaar facility has a unique /Auditor/ role who takes a look at the transactions post facto for audit purpose. However, this is an optional feature.
Yes. The Corporate Admin has powers to modify, delete, deactivate and reactivate users.
Yes. Corporates who have availed Vyapaar or Vistaar variants of CINB can use the bulk upload facility for a variety of transactions such as intra & inter bank transactions, salary payments, vendor payments, bill payments, tax payments etc.
Yes. NEFT/ RTGS transactions can also be done in file mode.
Yes. Single debit and multiple credit file format is supported for intra bank, NEFT and RTGS transactions.
Yes. Upload of files encrypted using either symmetric keys or asymmetric keys (PKI) is supported.
Payments of Direct Taxes (OLTAS), Excise Duty payment, customs duty, Railway freight, online licence fee payment to DGFT, various State Government Taxes etc. are possible through CINB.
Yes. Corporates can make online payments to registered suppliers using CINB. The administrator of the dealer corporate should map the supplier through the appropriate menu in CINB. This has to be approved by the Supplier corporate. After approval supplier payments can be made.
CINB facilitates e-collection of dues from dealers through direct debit whereby the supplier corporate availing Vistaar facility can directly debit the accounts of the dealers maintained at various branches of SBM.
To avail this, the supplier corporate has to enter into a bipartite agreement with the bank. Based on this, the dealer will give a mandate to the supplier to debit his account up to a specific limit and period.
Yes. Reputed educational institutions who have registered under Vyapaar or Vistaar variants of CINB can make use of the i-collect facility for fee collection.
Yes. Reputed institutions who have registered under Vyapaar or Vistaar variants of CINB can make use of the i-collect facility for collection of donations.
Yes. NABs can register for Vistaar facility and can remit tax payments as file based transactions. Please note that NABs are not allowed to put through any other transactions in CINB.
Inter Bank Transfer is a special service that allows you to transfer funds electronically to accounts in other banks in India through:
|RTGS||Rs.2 Lakhs||Rs. 5 Lakhs|
|NEFT||-||Rs. 5 Lakhs|
|RTGS||Rs.2 Lakhs||No Limit|
|NEFT||No Minimum amount||No Limit|
Under normal circumstances the beneficiary bank's branch receives the funds in real time as soon as funds are transferred by the remitting bank.
The actual time taken to credit the beneficiary depends on the time taken by the beneficiary bank to process the payment.
Yes. If it is unable to credit the amount of the remittance to the account of the beneficiary for any reason, the beneficiary's bank has to return the money to the remitting bank within 2 hours. Once this amount is received back by the remitting bank, the amount is credited to the Remitter's account by the remitting bank branch.
Yes. If the money cannot be credited for any reason, the beneficiary's bank has to return the money to the remitting bank . Once this amount is received back by the remitting bank, the amount is credited to the Remitter's account by the remitting bank branch.
RTGS transactions will be sent to RBI based on the following schedule:
|Day||Start Time||End Time|
|Monday to Working Saturday||8:00 hrs||16:00 hrs|
NEFT transactions will be sent to RBI based on the following schedule:
|Day||Start Time||End Time|
|Monday to Working Saturday||7:00 hrs||18:30 hrs|
NEFT transactions are settled in batches based on the following timings:
Please note that all the above timings are based on Indian Standard Time (IST) only.
The Remitter has to provide the following details:
Based on simple search option- Location, Bank & Branch. The IFSC code will automatically be updated or if you know the IFSC code of the beneficiary bank, you can provide it directly.
No. RTGS facility is enabled only in specific bank branches across India. You can view a list of these branches in the RBI website: www.rbi.org.in/Scripts/Bs_viewRTGS.aspx. NEFT is enabled only in specific bank branches across India. You can view a list of these branches in the RBI website: http://www.rbi.org.in/scripts/neft.aspx
Charges for RTGS / NEFT are as listed in the following table:
|RTGS||Rs.2 lakhs to Rs.5 lakhs||Rs.28/-|
|Above Rs. 5 lakhs||Rs.56/-|
|NEFT||Amount upto Rs.10000/-||Rs.2.50/-|
|From Rs.10001/- up to Rs.1 lakh||Rs.5/-|
|Above Rs.1 lakh to Rs.2 lakhs||Rs.15/-|
|Above Rs.2 lakhs||Rs.25/-|
Please contact your bank/branch or the receiver bank/branch or the Customer Facilitation Service center of the banks. The Customer Facilitation Service details for NEFT can be downloaded from here
Extended Validation Secure Sockets Layer (SSL) Certificates are special SSL Certificates that work with high security Web browsers to clearly identify a Web site's organizational identity. Extended Validation (EV) helps you make sure a Web site is genuine and verified.
For example, if you use Microsoft® Internet Explorer 7 to go to a Web site secured with an SSL Certificate that meets the Extended Validation Standard, IE7 will cause the URL address bar to turn green. A display next to the green bar will alternatively (toggle) display the organization name listed in the certificate and the Certificate Authority (VeriSign, for example).
Malicious and suspicious online activity, phishing attacks have dramatically increased in recent years, creating a heightened need for improved visibility of security.
Before you share your confidential data online, you require proof of identification from a trusted source. The Extended Validation SSL Standard raises the bar on verification of SSL Certificates and enables visual displays in high security browsers. (EV) SSL Certificates empower you to protect yourself online.
Users of high-security browsers will see visual cues that are triggered by the presence of an (EV) SSL Certificate. If you're familiar with red-light/green-light intersections, you'll understand the basic concept.
The EV SSL certificate supports Microsoft® Internet Explorer (IE) 7* and 8, Firefox 3 and Safari 3.2, Google Chrome and Flock. These versions and above are applicable.
Other browsers are expected to offer Extended Validation visibility in upcoming releases. Older browsers will display Extended Validation SSL Certificates with the same security symbols as existing SSL Certificates.
|IE 7.0 & above|
|Mozilla Firefox 3.0 and above|
|Opera 9.6 and above|
A browser identifies an SSL Certificate as authentic by checking if the certificate matches a valid SSL root resident on the client machine. VeriSign signs every EV SSL Certificate with two roots: an EV root and a traditional SSL root. With these two roots, every browser can identify a valid SSL root, even older browsers that do not yet recognize EV.
IE7 is designed to recognize Extended Validation, but may not correctly display in Windows XP because the traditional SSL root is matched rather than the EV root. Windows XP systems do not automatically update the root store.
Developed before the EV standard existed, Windows XP systems do not have the EV root locally resident unless it has been manually updated and, because the browser recognizes the traditional SSL root, it has no trigger to update the root store. VeriSign EV Upgrader technology, built directly into the VeriSign Secured® Seal, will trigger this manual update. Explorer 7 on Vista is designed to automatically update the root store on a weekly basis and should always recognize an EV Certificate and display it appropriately.
Source - www.verisign.com