Financial Daily from THE HINDU group of publications
Saturday, Jan 07, 2006


Group Sites

Money & Banking - Public Sector Banks

Punjab & Sind Bank to open 8-8 service in Bengal

Our Bureau

Kolkata , Jan. 6

PUNJAB & Sind Bank has announced the launch of eight-to-eight banking at select branches in West Bengal from January 16.

According to a communication received from the bank's zonal office here, Punjab & Sind Bank's Bansdroni branch and its soon-to-be-launched branch at Salt Lake would be open from 8 a.m. to 8 p.m. seven days a week. The bank would also convert extension counters at Behala, Birati, Garia and Sahaganj into full-fledged branches.

BoB launches Nagrik Bachat Khata

Meanwhile, as an extension of its customer-centric initiatives, Bank of Baroda has launched the Nagrik Bachat Khata, a new Savings Bank product for the general public.

According to a bank communication, anyone can open a SB account with an initial deposit amount of Rs 50 only. No service charge would be levied even if the balance in the account goes down to below Rs 50. People maintaining such accounts can withdraw money through withdrawal slips. The interest rate, periodicity and method of application of interest would be similar to usual SB account.

It has been stated that the product has been designed to provide banking facilities to common people, especially wage earners, workers in the unorganised sectors, housewives, students, etc. It would be available at all metros, urban, semi-urban and rural centres of the bank.

More Stories on : Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Forex reserves fall by over $6 b due to IMD redemption

Rupee moves up; bond prices fall
Remittances Gateway for overseas Indians planned
Recruitment industry's forex earnings on the rise
LVB sees no need for fresh capital
Govt to be tough with scamsters — IPO scam should not be repeated: Chidambaram
BoI not to tap capital market in near future
Corporation Bank offers savings a/c with Rs 10
Punjab & Sind Bank to open 8-8 service in Bengal
LKB hikes NRE deposit rate
`Rural finance to be key area for banking sector'
Long-term co-op credit: Nabard seeks views on report
`Closure of low-recovery co-op banks harsh'
RBI signs pact with M.P. to strengthen urban coop banks

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line