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Money & Banking - Fixed Deposits
SBH deposits mobilisation fortnight

Our Bureau

Hyderabad, Sept. 5

State Bank of Hyderabad (SBH) would conduct Deposit Mobilisation Fortnight from September 11 to 26 at all the 946 branches spread over the country.

In a press release here on Tuesday, the bank said during this fortnight it would offer an additional interest of 50 basis points on all time deposits invested for a period of one year and above.

As a value-added service, the bank would also offer free personal accident insurance cover to the depositors of Rs one lakh. The bank said it is confident of mobilising one-lakh new accounts contributing to Rs 1,000-crore additional deposits during the fortnight. It proposes to achieve a deposit level of more than Rs 42,000 crore by March 2007, the release said.

More Stories on : Fixed Deposits | Public Sector Banks

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