Privacy Statement

The origins of State Bank of India Employees(M. S. Patel) Co-operative Credit Society (Society) date back to 1929 when Shri C. S. Patel, an officer of the Imperial Bank of India, Mumbai formed the co-operative credit society for the Employees of Imperial Bank. In 1955, the controlling interest in the Imperial Bank of India was acquired by the Reserve Bank of India and the State Bank of India (SBI) came into existence by an act of Parliament as successor to the Imperial Bank of India. The Society has been serving the employees of State Bank since its inception.

In line with recognized International Practice and for the information of customers and others who visit the Societys website we believe it is necessary to post a privacy statement. The information shared with the Society will be treated as private. We also desire to say explicitly that adequate precautions have been taken to protect information relating to customers and their dealings with the Society from the mischievous and the fraudsters. Customer confidentiality and privacy is of utmost concern to the Society. Our employees treat the information we have concerning your accounts in the same responsible and confidential way that we want our own financial affairs treated.

  1. Recognition of your expectation of privacy

    We recognize that our customers expect privacy and security for their personal and financial affairs. We understand that, by selecting us for your banking needs, you have entrusted us to safeguard your personal financial information. We want you to be informed of our commitment to protect the privacy of your personal financial information with the following privacy principles and practices.

  2. What personally identifiable information is collected from you?

    We collect information from you regarding name, addresses, email addresses, AADHAR number, PAN, details of nominees etc .

  3. Cookies

    A cookie is a data file that certain Web sites write to your computers hard drive when you visit such sites. A cookie file can contain information such as a user identification code that the site uses to track the pages you have visited and use the information commercially. We do not use cookies on our web site.

  4. How we use, collect, and retain customer information

    On our site we collect, retain, and use information about you only when we reasonably believe that it will help administer our business or provide products, services, and other opportunities to you. We collect and retain information about you only for specific business purposes.

  5. We use information to:

    • Open and administer your accounts and to protect your records and funds.
    • Help us design or improve our products and services for your benefit.
    • Understand your financial needs so that we can provide you with quality products and superior service.
    • Comply with all applicable laws and regulations.
    • Help us design or improve our products and services for your benefit.
    • Understand your financial needs so that we can provide you with quality products and superior service.
    • To cater the need for specific journey(s) designed for customer.
    • Privacy Policy for Digital Platform

      State Bank of India Employee(M.S.Patel) Co-operative Credit Society is committed to protecting your privacy when you use Societys Digital Platforms. This Privacy Statement ("Statement") explains how we collect, use, share, and safeguard your information when you use our Digital Platforms.

  6. The Society does not release customer information except as directed by law or as per your mandate. We do not share specific information about customer accounts or other personally identifiable data with non-affiliated third parties for their independent use unless:
    • The information is provided to help complete a transaction initiated by you;
    • The disclosure is required by/or directed by law
    • The disclosure is required by/or directed by law
  7. By formulating and disclosing our privacy policy to you, we want you to understand our commitment to personal privacy.

    • A potential customer who inquires about our products and services or who would like a copy of our privacy policy
    • A customer who has established a relationship with us.
    • A potential customer who has applied for a loan
    • A visitor to Societys web site
  8. If you have any questions or concerns about this privacy policy, please write to us at Honorary Secretary & CEO, State Bank of India Employees(M.S.Patel) Co-operative Credit Society Ltd., SBI Mumbai Main Branch Building, Mumbai Samachar Marg, Near Horniman Circle Fort, Mumbai, INDIA Pin Code 400001.
  9. Internet privacy on Societys web site For each visitor to Societys web site (,
  10. Other information about our web site
    • Children visiting Societys web site: We are confident that parents will not judge any of the information provided by Society as objectionable for viewing by their children.
    • Links to, or from, Society web site: Society is not responsible for information practices employed by web sites linked with our web site. Generally, links to other web sites are provided solely as pointers to information on topics that may be useful to users of Societys web site.
  11. Privacy policy is subject to change periodically.