Saral:

1. Simplified single user transactional product ideally suited for sole proprietorship concerns, micro enterprises or individual businessmen who require online transaction facility in their firm's accounts. The product provides transaction rights to the user involving transfer of funds to own or third party accounts up to a limit of Rs.5 lakhs per day.

Features :

1. Single user operated and easy to use
2. Facility to view account information and download account statement
3. Transaction rights on the accounts
4. Facility to schedule transactions for a later date
5. Facility to set beneficiary level limits
6. Facility to set separate limits for DD issue request and tax transactions
7. SMS based OTP for Beneficiary Additions, Fund Transfers, Merchant Transactions etc

Permitted Transactions :

1. Fund transfer to accounts in SBI (Intra bank payments) upto Rs. 5 lakhs per day
2. Funds transfer to accounts in banks other than SBI (Interbank payments) up to Rs. 5.00 lakhs per day
3. Request for DD issue up to Rs. 5.00 lakhs per day
4. Payment of Taxes- direct (CBDT), Indirect (CBEC, CUSTOMS etc) and State Government taxes
5. Payment of EPF subscription
6. Merchant transactions
7. Bill payments
8. Payment to registered suppliers (For instance, petrol/LPG dealers can pay to the oil majors)
9. Application to IPOs through ASBA
10. Participation in e-auction

Separate transaction limits are permitted for the following types of transactions:

S No	Type of Transaction	Transaction limit per day (Rs)
1	Supplier Payment	25 lacs
2	e-auction for Govt. Departments	1 crore
3	Payments to Govt. and semi Govt. institutions including taxes and statutory dues such as EPF, ESI etc.	2 crores
4	OLTAS, CBEC and ICEGATE	2 crores