PRESIDENT KOVIND INAUGURATES STATE BANK OF INDIA BRANCH AT PRESIDENT'S ESTATE

Rashtrapati Bhavan : 24.07.2021

The President of India, Shri Ram Nath Kovind inaugurated a new branch of State Bank of India at the President's Estate today (July 24, 2021). It will be the first branch of SBI which is being opened within the premises of Rashtrapati Bhavan. The branch was inaugurated in the presence of Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Dr. Bhagwat Kishanrao Karad, Minister of State for Finance and Shri Dinesh Khara, Chairman, State Bank of India.

The SBI branch has the President as its first customer. Soon after opening his account, the President was handed over his passbook.

Some of the important features of this branch include it to be adhering to the policy of digitization of various processes. Besides offering all financial services under one roof, the branch is equipped with latest digital initiatives including video KYC, Automated cash deposit and withdrawal machine and passbook printing facility. Such initiatives would be beneficial for the public at large and increase the ease of doing transactions. The branch though within the premises of Rashtrapati Bhavan would be accessible to all who are not residents of the Estate.

State Bank of India is the largest bank of India with a network of branches across the length and breadth of the country. It's accessibility and features has made it one of the most popular banks of the country.