PRACTISE OF BANKING

CREDIT CARDS
INTRODUCTION

• A credit card is part of a system of payments

named after the small plastic card issued to users
of the system. It is a card entitling its holder to
buy goods and services based on the holder's
promise to pay for these goods and services.[1]
The issuer of the card grants a line of credit to the
consumer (or the user) from which the user can
borrow money for payment to a merchant or as a
cash advance to the user.
EARLY CREDIT CARDS

Charge cards Charga Plate

Bankamericard
GRACE PERIOD

• A credit card's grace period is the time

the customer has to pay the balance
before interest is charged to the balance.
Grace periods vary, but usually range
from 20 to 50 days depending on the
type of credit card and the issuing bank.
Some policies allow for reinstatement
after certain conditions are met.
INTEREST CHARGED

• Credit card issuers usually waive

interest charges if the balance is paid
in full each month, but typically will
charge full interest on the entire
outstanding balance from the date of
each purchase if the total balance is
not paid.
PARTIES INVOLVED
• Cardholder-the customer who holds the card.
• Merchant- the individual or the business that
accepts the card.
• Card-issuing bank-the financial institution or the
organization that issues the card to the customer.
• Acquiring bank-the bank financial institution that
accepts the payment for purchase
continue

• Merchant account-the bank or the

financial institution deals with.
• Credit Card association-an
association of card issuing banks for
e.g.- visa,master card, discover,
American express.
 (1) is the bank logo.
(2) is the EMV chip (commonly referred to as 'Chip And Pin')
(3) is the Hologram
(4) is the 16 digit card number
(5) is the logo of the card type
(6) is the expiry date
(7) is the name of the cardholder
(1)Magnetic Stripe
(2)Signature Strip
(3)Card Security
Code
TRANSACTION STEPS

1. Authorization
2. Batching
3. Clearing and Settlement
4. Funding
5. Charge backs
STATE BANK OF INDIA
• 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.
STATE BANK OF INDIA

• 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.
STATE BANK OF INDIA

• 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.
STATE BANK OF INDIA
• 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. SBI provides easy
access to money to its customers through more
than 8500 ATMs in India.
SBI CREDIT CARD

SBI GOLD & MORE CREDIT CARD

SBI CREDIT CARD
  SBI Gold & More Card
• Cash Back in Departmental Stores & Groceries
• Cash Back in Restaurants
• Cash Back on Utility Bill Payment
• Cash on the go
• Enjoy a world of convenience
• Flexi pay
• Teledraft Facility (Easy Money Draft)
• Credit facility
• Book your railway tickets online
SBI CREDIT CARD

SBI SPICE JET CARD

SBI CREDIT CARD

Spice Jet SBI Card

• Flexipay
• Easy bill pay
• SBI Card Pay Net
• SBI Card Pay Cash
SBI CREDIT CARD

SBI PLATINUM CARD

SBI CREDIT CARD
  SBI Platinum Card
• Global Concierge Services
• Auto Assistance Service
• Travel Related Assistance Services
• International Markup Waiver
• Travel Insurance
• Platinum Club Offers
• Exclusive Lifestyle Privileges
• Power Points
• Flexipay Installment Plan
• Credit Facility
• Cash Access across the World
SBI CREDIT CARD
DOCUMENTATIONS
 Pan Card Photocopy
 Address Proof
- Driving license, ration card, voter’s id card, passport,
electricity bill, telephone bill, certificate from employer.
 Verification Document (if any)
In case the doesn’t have any of the above mentioned
documents
for address proof the customer can give the E-STATEMENT of
any credit card of his.