SBI rises on unveiling ‘eFile’ service for filing IT returns

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

05 Jul 2012 Evaluate

SBI is currently trading at Rs. 2229.00, up by 4.75 points or 0.21% from its previous closing of Rs. 2224.25 on the BSE.

The scrip opened at Rs. 2220.05 and has touched a high and low of Rs. 2235.65 and Rs. 2211.20 respectively. So far 1, 47,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2529.50 on 26-Jul-2011 and a 52 week low of Rs. 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 2235.65 and Rs. 2126.00 respectively. The current market cap of the company is Rs. 1,49,575 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 25.84% and 10.05% respectively.

State Bank of India (SBI), the country’s largest bank, in a bid to provide add on service to its customer, has launched ‘eFile’ service. The new service, which is currently available only to the bank's customers, will help facilitate filing Income Tax (IT) returns online at a discounted price.

For salaried individuals, the fee starts as low as Rs 150 inclusive of taxes, which can be paid by the customer through SBI internet banking or debit card. Besides, the service is also available to individuals who are self-employed, professionals, etc.

Further, for a higher fee, the facility also provides enhanced features such as professional review, tracking of tax refund, an online tax vault to store and access tax related documents, online filing using digital signature etc. From the current financial year, individuals who are earning an annual income in excess of Rs 10 lakh has to compulsory file their returns online.

SBI Share Price

973.50 -46.05 (-4.52%)

11-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
SBI	973.50
PNB	104.70
Canara Bank	129.35
Bank Of Baroda	266.00
Union Bank Of India	163.80
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