Rs 1 crore needed to open SBI SAVINGS account

SBI hq in Mumbai

Image via Wikipedia

SBI has inaugurated first-of-its-kind branch for HNIs in Hyderabad on Sep 2. The high networth individuals (HNIs) has to give only Rs 1 crore minimum to open an account in the government lender, State Bank of India (SBI).

However, the money is not enough to have the account but the applicant has to have go through a tough application process.
The official from SBI informed, "We have opened as many as 50 accounts so far. We are confident of opening another 150 by the end of the current fiscal."
"The lockers are open 24 hours. People can come anytime and take or keep their jewellery and other valuable items," stated bank official.
He also continued, "We have special dressing rooms for customers. These will be useful for late night function goers as they would not have to take the valuables home."
Source : ONE INDIA

Who said India is a country of poor. We expect Indian Politicians are expected to open A/c in this branch. Hope, atleast in this branch, there are no queues.

Enhanced by Zemanta


Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website ( has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • never collects any personal information of visitors.