Hi,
State Bank has developed a system,they call core banking.This gives you the benefit of operating from anywhere in India.This is very useful for transferring cash.Unlike ICICI they dont deduct Rs.168..You get the full amount transferred to your a/c.
I asked a buyer to deposit Rs.55 in Hyderabad.It showed up in my account about 10 days later.It is very slow.But I am satisfied with State Bank.They dont do nakhara like the ICICI,deducting money from a/c at false pretext,or pushing unasked for loans.ICICI also misbehaves with clients through their recovery agents.I am not at all in favour of ICICI.Only its money transfer by chek is fast.I feel scared about them.My money they are keeping and making a fool of me at their sweet will.
State Bank also has swift code facility.
Only I pray to God that SBI work little bit faster.
Thanx,
Truly,
Amitava