#1
January 13th, 2018, 02:47 PM
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State Bank Of India Schemes Deposits
I required some information about Flexi Deposit Scheme offer by State Bank of India to customers, so that I can go through it?
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#2
January 13th, 2018, 02:48 PM
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Re: State Bank Of India Schemes Deposits
As you want to know details of State Bank of India, Flexi Deposit Scheme here I will gather information for you. The Flexi Deposit Scheme of State Bank of India is similar to a Recurring Deposit but instead of a single fixed instalment every month, you can decide to vary your instalment amount and even the number of monthly. Related details of scheme 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 Tenure Minimum tenor is 5 years and maximum is 7 years. Premature withdrawal 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. Tax Deducted at Source Applicable Penalty charges for non-Deposit of monthly instalments Rs.50/- per Financial Year. Loan facility Available ( as available to Term Deposits) Nomination facility Available Passbook Available Minimum instalment in a year Rs 500/- to continue the account. Address:- State Bank of India 18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange Phone:- 1800-425-3800 |