Barclays Global Retail Banking (GRB) has inaugurated its first subdivision in Hyderabad, the capital city as well as commercial hub of Andhra Pradesh. With the opening of new branch, Barclays has seven branches through out the country situated in Mumbai, New Delhi, Junagadh, Kanchipuram, Nelamangala and Ahmednagar in Maharashtra.

While commenting on the occasion, Mr. Ram Gopal, Interim Managing Director - India, Barclays Global Retail Bank, stated, “The opening of our branch in Hyderabad marks a significant milestone in the history of

Barclays in India and further reinforces our commitment to the country. We are sure that our global expertise, world class product offerings and superior services, will meet the needs of discerning corporate and retail Hyderabad customers.”

Presently, Barclays is having very interesting offerings for its clientele, across categories. This comprises a special, Barclays ``term deposit`` promotion, which provides retail customers 6% per year interest on their term deposits for a 99 days tenor.

Customers in Hyderabad can also avail Barclays Premier, one of the finest Premier services offering in the country.

Barclays will also provide its loan portfolio comprising its first-of-a-kind “drop down feature” which rewards customers who pay their EMIs on time to benefit from a lower interest rate. Barclays will also soon introduce its mortgage products in Hyderabad.