SBI Corporate banking facility available for Trusts, companies, firms, and partnerships. If we explain in a simple manner, anyone who is involved in a business can apply for SBI Corporate banking.  The term is called Corporate Internet banking (CINB). 

If you are a customer of CINB, you can use the SBI corporate banking service from anywhere, anytime. So, here are we are presenting you with a small guide. After all, SBI is one of the best banks in India.  Let’s check out the various service it offers. 

SBI Saral Corporate Internet banking 

If you are running your business solo, then this is the best service for you. Under this service, you can transfer funds up to 5 Lakh per day to yourself or any other third party.  Let’s check out its features. 

Features of SBI Saral 

• It is best for solo entrepreneurs and businessmen/ women. 
• You, as a user, own the transactions right on the accounts. 
• You can schedule a transaction in the future. 
• You can set the limit for tax transactions and issuance of DD. 

Now, let’s see the transaction limits. 

Transaction Type	Transaction Limit
Fund Transfer to SBI Accounts	Rs 5 Lacs Per day
To Supplier Payment	Rs 25 Lacs per day
Payment to Govt	Rs 2 Crore Per day
Fund Transfer to another account	Rs 5 Lacs every day
OLTAS, ICEGATE and CBEC	Rs 2 Crore per day

How to apply for SBI Saral 

SBI Saral is part of SBI corporate banking. First, you have to download the SBI Saral Form. 

• Print out the form, fill your details. 
• Sign in and then submit it nearest SBI branch to complete the process. 

Let’s move on to the next service. It is SBI Vyapaar Corporate internet banking. 

SBI Vyapaar Corporate Internet Banking 

SBI Vyapaar is aimed at those who need multi-users transactions. It is best for small and medium organizations. You can create multiple accounts to run the account and transfer the funds. Here is its features. 

• It is based suited for those who want multiple users for a single account. 
• However, to do a transaction online, a user needs authorization from the administration. 
• There is no limit on the number of transactions, but only Rs 50 lacs is allowed for a single transaction. 
• You can upload and MIS report generation in Bulk. 
• You can transfer the funds via NEFT/RTGS. 
• As a registered user, you can make a transaction to registered suppliers. 

How to Register for SBI Vyapaar 

• First, you need to download the CINB C1 Form & CINB C3 form. 
• Now, take a print out. 
• Fill the forms with your details such as your name, name of your company, PIN Code, address for register offices, and other essential details. 
• After filling them, submit them to your nearest SBI branch. 

So, this is a short guide to SBI corporate banking, which is one of the best banks in India. There is another service as well, which we will tell you in the next blog.