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July 14th, 2016, 09:59 AM
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State Bank Of Patiala Recurring Deposit

Hello sir is there any one can provide me detail of recurring deposit in State Bank of Patiala? I want to know about the State Bank Of Patiala Recurring Deposit?

Opening a Recurring Deposit account is a perfect solution for you want to save to achieve your financial targets in State Bank Of Patiala.

A wise and practical saving scheme with lucrative rates of interest, Recurring Deposits is extremely convenient and popular.

Eligibility Criteria:

All female singly or jointly
the female should have a Saving Bank Account in any branch of SBP.
Available for residents only

Min/Max Amount of Deposit:
Min Amount per Instalment - Rs.500/- and in multiple thereof

Period of Deposit
3 years

Features of State Bank Of Patiala Recurring Deposit:

The minimum monthly instalment amount for this Recurring Deposit is as nominal as Rs. 500.
There is a facility to transfer the RD account from one SBP branch to another, absolutely free of any charges.
The deposit tenure is 3 years.
You can provide a standing instruction for auto-debit of the monthly instalment to your RD account from your Savings account.
This RD account can be opened by –
Residents of India
Any female holding a Savings account with SBP
Any female can open this account in her name, or jointly with a minor/child.

Last edited by Neelurk; June 29th, 2020 at 09:50 AM.
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