Rs 1 crore needed to open SBI SAVINGS account

SBI hq in Mumbai

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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.

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