SBI launches 'Sona Ghar'

The State Bank of India launched its second `Sona Ghar'  at its head office opposite Vastralatha in One Town on Thursday. The first one was opened recently in Hyderabad. Besides selling gold coins of purity of 999.99, the Sona Ghar will also accept deposits of gold on attractive rates of interest. 

Sbi chief general manager, Hyderabad, Shiva Kumar said the gold coins with denominations from two gram to 50 gram are available for purchase in `Sona Ghar.' These will be sold to the public as per the prevailing bullion market rates, Kumar said adding that safety, liquidity and tax savings are the other benefits.