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