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  #2  
October 12th, 2016, 01:29 PM
Super Moderator
 
Join Date: Mar 2012
Re: State Bank Of India Scheme For Fixed Deposit

As per reference I will let you know more about State Bank Of India, Flexi Fixed Deposit Scheme so that you can remember easily.

Here are some details

Minimum Instalment
Rs. 500/-

Maximum Instalment
10

Minimum deposit amount
Rs. 5,000/- in a Financial Year.

Maximum deposit amount
Rs. 50,000/- in a Financial Year.

Deposit Frequency
Any number in a month and any time

Rate of Interest
As applicable to Term Deposits.
Quarterly compounded Interest.

Tenure
Minimum tenor is 5 years and maximum is 7 years.

Premature withdrawal
Allowed. The rate applicable in case of premature withdrawal shall be 0.50% below the rate applicable for the period the deposit has remained with the Bank.

Terms and Conditions
Minimum deposit amount - Rs. 5,000/- per Financial Year (plus in multiples of Rs. 500/-) minimum of Rs. 500/- at any one instance.
Deposits can be made anytime during a month and any number of times. Penalty for default in payment of minimum deposit will be Rs.50/- per Financial Year.
Tenure: Minimum - 5 years, maximum - 7 years.
Maximum deposit amount - Rs.50,000/- in a Financial Year.
Tax Deduction at Source
Loan Facility as applicable to Term Deposits.
Nomination facility available


Address:-
State Bank Of India
3rd Floor, G Block, Synergy Buidling, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211


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