TGB Full Form- Telangana Grameena Bank

What is TGB? The full form of TGB is Telangana Grameena Bank. The State Bank of Hyderabad-sponsored bank was founded by combining four RRBs: 1) Grameena Bank Sri Saraswathi, Adilabad 2) Karimnagar's Sri Satavahana Grameena Bank 3) Golconda Grameena Bank, Ranga Reddy (Hyderabad); 4) Sri Rama Grameena Bank, Nizamabad.
On March 24, 2006, the Indian government renamed Deccan Grameena Bank as Telangana Grameena Bank, which encompasses the bank's operations in the districts of Adilabad, Karimnagar, Khammam, Nizamabad, Rangareddy, Warangal, Hyderabad, Nalgonda, Mahaboobnagar, and Medak in the state of Telangana. As the remaining five districts in the state of Telangana are being transferred from Andhra Pradesh Grameena Vikas Bank, the bank is currently only operating in the five districts it previously served: Adilabad, Nizamabad, Karimnagar, Rangareddy, and Hyderabad.

The bank's aim is to be the most dependable bank for rural development and the top RRB in the state, offering cutting edge, devoted, and high-quality service across all banking categories. The bank's mission is to become a leading bank in our area of operation by providing transparent and efficient banking services at a reasonable cost to our customers at their doorstep, ensuring 100% financial inclusion, empowering rural customers, and promoting the Self Help Group (SHG) movement with a focus on women. The bank also hopes to earn continuous profits by maintaining a healthy business mix.

Types of Loans Offered by TGB

• Car Loan: This well-known and reliable bank provides a large array of business services. A sort of auto loan called a used vehicle loan is used to finance and buy a pre-owned or used car.
• Personal Loan: With an annual interest rate of 10.70%, Telangana Grameena Bank offers personal loans to self-employed and salaried individuals who have the ability to repay them.
• Gold Loan: The State Bank of India provides funding to the Telangana Grameena Bank, a rural bank in Telangana that was established in 1983. Each and every district in Telangana has access to this bank. This bank's mission is to support the general populace of the nation financially. This bank provides a range of services, such as house loans, gold loans, and personal loans.
• Home Loan: Telangana Grameena Bank offers eligible non-resident Indian borrowers NRI home loans with fixed interest rates starting at 6.80%. Interest rate reductions specifically for female borrowers are available. There are no penalties for prepayment when the interest rate is changeable. Telangana Grameena Bank's home loan is easy to apply for, flexible, and hassle-free. 

How to open a savings account at TGB?

You must do the following actions in order to create a savings account with Telangana Grameena Bank:

Step 1: Visit a Telangana Grameena Bank branch in person.

Step 2: Fill out the Savings Account Account Opening Form (AOF).

Step 3: Attach any necessary documentation (AOF) to the Account Opening Form.

Step 4: The banker verifies the account opening form (AOF) and other documents.

Step 5: Deposit a minimum amount into your savings account in accordance with its guidelines.

Step 6: Get a debit card, passbook, check book, and other paperwork from the bank.

How to open a current account at TGB?

These are the procedures to create a current account at Telangana Grameena Bank:

Step 1: First, visit a bank branch.

Step 2: Filling up a current account's Account Opening Form (AOF)

Step 3: Attach any necessary (mandated) documentation to the AOF.

Step 4: AOF and other paperwork are verified by a banker.

Step 5: Fund the account with the required minimum.

Step 6: Get a passbook, a check book, and any additional paperwork you need from the bank.