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SBI launches 1 Crore Minimum Balance branch at Hyderabad

State Bank of India has inaugurated its Crorepati branch for High Networth Individuals (HNI) at Hyderabad. The new SBI branch will accept customers who can pay a minimum Rs 1 crore to open an account, and that too on invitation only.

The new branch called 'Kohinoor Banjara Premium Banking Centre' offers premium banking services like 24/7 lockers, extended banking hours, doorstep pick-up and drop facilities etc.

It is also interesting to note that State Bank of India has launched the 'One Rupee Bank' account, for poor people recently.

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