About State Bank of Hyderabad:
The State Bank of Hyderabad was formed in the year 1941 under Hyderabad State Bank Act of 1941. The State Bank of Hyderabad was the only bank that had the distinction of being the only central bank in Hyderabad covering Telangana and the present Maratwada in Maharashtra. The Banks initial branch was opened in Gunfoundry in the year 1942. In the year 1953, the Bank took over the assets and liabilities of Hyderabad Merchantile Bank and in the year 1956, it came under the control of RBI and the name was changed from Hyderabad State Bank to State Bank of Hyderabad. It became a subsidiary of State Bank of India (SBI) in the year 1959 and at present is one of the largest Associate banks of State Bank of India having Pan India presence of more than 1000 branches are computerized through Core Banking Solutions and provides with a range of products and services to its customers. Sri Pratip Chaudhuri is the Chairman and Sri Bhagavantha Rao is the MD of State Bank of Hyderabad at present.
Educational Institutions near SBH:-
There are several educational institutions around the region of Gun Foundary where the head office of SBH is located. Some of them are: o All Saints High School o Rosary Convent High School o St. Joseph's Degree & PG College o Ace Engineering Academy o Nizam College o Lakhotia Institute Of Art & Design o Methodist College of Engineering and technology o Stanley College of Engineering and Technology for Women
Types of Accounts available with State Bank of Hyderabad:
The SBH gives an individual or a Corporate to open the bank account based on their preference and choice. Some of the types of Accounts offered by the Bank are: o Savings Account o Current Account o Personel Account o Corporate Account o Institutions Account o MSME Accounts o Agriculture Accounts
Services Offered by the State Bank of Hyderabad:
The State Bank of Hyderabad offers a host of services like; o Cheque Collection Policy o Demat and Depository Services o Electronic Fund Transfer System o New Pension System o Retail Sale of Gold Coins o Safe Deposit Lockets o Online Banking o Mobile and Phone Banking
Besides providing the above mentioned services, The State Bank of Hyderabad (SBH) also offers housing loans, education loans and personnel loans and consumer durable loans to its customers who would like to avail the loan facilities. The Bank also gives a higher rate of interest for senior citizens who have invested in Fixed Deposits. The State Bank of Hyderabad has their branches all over Hyderabad by providing efficient and reliable banking services to its customers. Few apartments in the head office region are:
o Anuja Towers o Prasad Apartments o Poornima Apartments o Ashoka Timetronics o Renuka Apartments o Shakthi Apartments o Mahavir Apartments o Modern Enclave o Santosh Towers o Kushal Apartments o Sukh Sagar Apartments o Prem Apartments o Jagannath Residency
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