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Sep 14, 2006

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SBH eyes Rs 1,000 cr additional deposits (BS 08.09.06) State Bank of Hyderabad (SBH) is conducting a deposit mobilisation fortnight from September 11 to September 26, at all of its 946 branches spread over the country. During the fortnight, the bank would offer 0.50 per cent extra interest on all-time deposits invested for a period of one year and above. As a value-added service, the bank would also offer personal accident insurance cover to the depositors of Rs 1 lakh and above, free of cost. The bank is confident of mobilising one lakh new accounts contributing to Rs 1,000 crore additional deposits during the deposit mobilisation fortnight.

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