SBI opens exclusive branch for women customers in Hyderabad

A play area for kids and free lockers for keeping personal belongings.

Can you imagine what are we talking of? It an exclusive branch for high-networth women customers opened by State Bank of India here on Wednesday.

The branch, Vasundhara Jubilee Senorita Banking Centre, is only the second of its kind in the country.

It is aimed at tech-savvy, educated women customers including entrepreneurs.

“With play room for kids and other facilities, women customers can handle their banking transactions in a safe and family atmosphere,” Mr A. Krishna Kumar, Managing Director, State Bank of India, told newspersons after formally inaugurating the branch.

An account in the branch can only be opened by women as principal account holders.

The second applicant may be any person of her choice such as her spouse, parents or siblings.

Initial deposit

As of now, there are no restrictions on initial deposit required to open an account.

The branch also has a self-service kiosk with all modern banking amenities.

“As far as possible, we will try to manage the branch with women employees,” Mr Krishna Kumar said.

The first Vasundhara Jubilee Senorita Banking Centre was earlier opened by SBI in Lucknow.

nagsridhu@thehindu.co.in