The Hindu Business Line : `SBI Tiny' account launched

`SBI Tiny', the no-frills account targeting villagers, has been launched by the State Bank of India Regional Business Office Sangareddy, in Medak district of Andhra Pradesh on Sunday. As part of the bank's financial inclusion strategy, officials will help villagers open accounts at their doorstep .

Mr B. Venkatesham, District Collector and Magistrate of Medak district, and the local representatives present on the occasion handed over select `SBI Tiny' Cards to the villagers of Thogarapally village in Sangareddy Mandal.

The bank had recently launched the `SBI Tiny' on a pilot basis in Mizoram. The District Collector said the move would go a long way in bringing banking to the villager's doorstep.

NO-FRILLS ACCOUNT

Senior officials of SBI said that `no-frills accounts' were opened to all eligible villagers in Thogarapally, thus making it the first village in the State to be totally covered under financial inclusion.

The launch was organised as part of the official function held by the district administration at Sangareddy for distribution of land to the poor and landless, on the occasion of the 89th birthday of late Indian Prime Minister, Ms Indira Gandhi.

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