Sbi escrow account

Hii sir, I wants to get the Information About the ESCROW Service of the State bank of India Will you Please Provide It ?

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtr


SBI assumes the role of an Escrow Agent to facilitate operations of Escrow account as per agreement


Merger and Acquisition Transactions

During a merger & acquisition deal, the buyer is generally required to provide a security deposit which is a certain percentage of the purchase price and may be kept in Escrow/Trust Account


Purchase and Sale of Asset

. A buyer or seller can invite the counter party to settle its transaction with Escrow/Trust arrangement to secure the payment/delivery on due date eg. Sales/Purchase of ships etc.

Financial Projects

By establishing an Escrow arrangement, SBI as Escrow Agent can provide the required safe custody of upfront deposit and distribution of the payments and thus

provide certainty to all beneficiaries that they will receive their dues, as per terms of agreement.


For more Information you may Contact to the Nearest branch of the State bank of India Or on the Customer Care Service of the State bank of India the Numbewr is given below

Contact Details :

Customer service: 1800 425 3800