State Bank of Mysore was a public sector bank in India. However, State Bank of Mysore merged with State Bank of India (SBI) on April 1, 2017, along with other associate banks, as per the directive of the Government of India. The merger aimed to create a stronger and more consolidated banking entity.
Before the merger, State Bank of Mysore had its headquarters in the city of Mysore, Karnataka. It had a significant presence in Karnataka and provided various banking services to its customers. Some key services offered by State Bank of Mysore included:
Savings and Current Accounts: State Bank of Mysore offered savings accounts and current accounts to individuals and businesses. These accounts came with features such as ATM/debit cards, online banking, and mobile banking facilities.
Loans: The bank provided different types of loans, including home loans, personal loans, vehicle loans, education loans, and business loans, to meet the financial requirements of customers.
Deposits: State Bank of Mysore offered fixed deposits, recurring deposits, and other deposit schemes with competitive interest rates and flexible tenure options.
Credit Cards: The bank issued credit cards to eligible customers, allowing them to make purchases and avail various benefits and rewards programs.
Internet Banking: State Bank of Mysore provided internet banking services, enabling customers to access their accounts, perform online transactions, pay bills, and avail various banking services through the bank's online platform.
Following the merger, the banking operations of State Bank of Mysore have been integrated with State Bank of India (SBI). Customers who had accounts with State Bank of Mysore are now customers of SBI and can access their accounts through SBI branches, ATMs, and digital platforms.
State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore.
The Bank has an enviable track record of earning profits continuously and uninterrupted payment of dividend since its inception in 1913.
A premier commercial Bank in Karnataka, with all India presence, committed to provide consistently superior and personalised customer service backed by employee pride and will to excel, earn progressively high returns for its shareholders and be a responsible corporate citizen contributing to the well being of the society.
Web : http://www.statebankofmysore.co.in/