State Bank of Hyderabad Branches in Vizag

State Bank of Hyderabad gets excellent response for its Utsav drive
Opens more than 2lakh accounts during mobilization drive

Visakhapatnam, September 18, 2007

Opens more than 2lakh accounts during mobilization drive

The State Bank of Hyderabad (SBH) attracted Rs.1500 crore in Visakhapatnam Zone in the ongoing Deposit Utsav as against its target of Rs.3,500 crore by opening more than two lakh accounts. The bank also made a business of Rs.5,000 crore in the zone out of Rs.10,000 crore as targeted by the end of 2009-10.

In connection with the Utsav, the Bank came out with two new products - Current Account Plus and Recurring Deposit Plus. The Current Account Plus is for account holders maintaining an average balance of Rs.1 lakh. They will be given facilities like free ATM cards, free Internet banking, cheque return protection up to Rs.50,000, free local cheque books and collection of SBH cheques.

The Recurring Deposit Plus customers can avail of various offers including personal loans to the extent of maturity value with a minimum limit of Rs.1 lakh, free accident cover for double the amount of maturity value subject to a maximum of Rs.1 lakh and D-Mat account.

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