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How to fill out the Sbiedfs online
The Sbiedfs is a crucial document for individuals and entities looking to participate in the electronic Dealer Finance Scheme. This guide will provide clear and step-by-step instructions for successfully completing the form online, ensuring that every necessary detail is accurately represented.
Follow the steps to fill out the Sbiedfs online with ease.
- Click the 'Get Form' button to access the Sbiedfs. This will allow you to open the document in a suitable editor.
- Begin by providing your dealer's name and complete address, including the PIN code. Ensure that you specify the nature of your business, whether it is a company, a partnership firm, or a proprietorship.
- Submit the background information for the directors, partners, or proprietors. Include a brief introduction of the activities, experience, industry prospects, and future plans of your organization.
- List any associate concerns, providing their names, constitutions, directors/partners/proprietors, activities, banking information, limits availed, and conduct of those limits.
- Prepare the financial documents needed for submission. Companies must include annual reports for the years 2010, 2011, and 2012. For firms, submit the audited financial statements for those years, along with CMA Data for current year estimations and projections.
- Include the PAN card details of the company, partnership firm, or proprietor, alongside the address proof for your business entity.
- Attach constitutional documents, such as the Memorandum of Association and Articles of Association or the partnership deed.
- Provide the Income Tax Returns for the last two financial years.
- Include a month-wise lifting report from SAIL for the last year and the current year to date in both INR and MT values.
- Document the breakup of sales made to SAIL and other entities.
- Confirm that all documents have been submitted by marking 'Yes' or 'No' next to confirmation of document submission.
- Provide the last six months' bank statements, along with any additional documents specified, like the expression of interest cum information sheet and the request letter to the SBI branch.
- Finally, review your entries for accuracy, and save the changes, download, print, or share the completed form as needed.
Complete your documents online today to ensure a smooth process in your application for the eDFS.
An application for all customers who require a vendor discount scheme and enjoy vendor financing limits with SBI and provides guarantee service through Instant Interest Recovery Process and Auto Debit of Reversal, which reduces hassles of the bank in recovering the finance.
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