1. Innovative Saving Scheme for Holiday Planning by SBI
In order to promote tourism in the country, Thomas Cook (India) Ltd has come up with an innovative saving scheme where customers will be able to save for their selected holiday plans in terms of recurring deposits. This partnership of Thomas Cook and SBI will provide holiday accounts to customers where customers will deposit for future holidays. This will be free from inflation and can opt out anytime without any cost. The process of opening a holiday account is simple. Just select the holiday package from Thomas Cook and log into www.onlinesbi.com and start recurring deposit account with SBI.
The packages offers elements like domestic and international return fair, accommodation, transfers, meals, sightseeing and taxes. Thus, customers holiday recurring deposit will be spread into 13 month and 13th month deposit will be paid as an interest and token from Thomas Cook. Thus, after this holiday account, travelers will have easy saving mode and can plan any trip without much effort. Rajnish Kumar, MD (National Banking Group), State Bank of India said that this would be great opportunity for SBI to collaborate with Thomas Cook and lead India’s travel agency to boost tourism in Indian and abroad.