State Bank of India announces measures for Chennai flood victims

Undertake various relief measures such as distribution of food, water, blankets, medicines and utensils

State Bank of India said that cash was made available to the customers at their doorsteps in the affected localities by opening cash points through innovative modes viz., boats, autorickshaws, vans, mobile ATM, handheld devices and business correspondents.

The Bank said that staff members at the branches have volunteered to work during late hours as well.

Several branches in the affected areas are opened on Sunday to make cash available to the public.

SBI has also undertaken various relief measures such as distribution of food, water, blankets, medicines and utensils in the affected districts by procuring from nearby unaffected districts.

In view of extensive damage to property and personal assets, as a goodwill gesture SBI has decided waiver of penalty for late payment of EMI for November and December for home, car, personal loans, waiver of processing fee for loans for home top up / gold loan / personal loans (salary loans) / pension loans and extension of special soft loans for car repairs, and salary advance loans for three months salary.

For speedier settlement of claims for life / injury / property under policies of SBI Life and SBI General Insurance, help desks have been provided at the branches.