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5th April 2016, 09:09 AM
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| Re: Fixed Deposit Rates In State Bank Of Hyderabad
Don’t worry buddy I will tell you that Fixed Deposit Rates of State Bank Of Hyderabad so that you can have idea about them. Here are the deposit rates State Bank Of Hyderabad Deposit Rates  General Instructions The Senior Citizens would be offered 50 basis points higher than the normal rate for the Term Deposits of one year and above, provided they fulfill all the terms and conditions as laid down. Revised interests on deposits are applicable on new deposits and also the existing deposits on their renewal. The interest rate on Savings Bank account remains unchanged at 4.00% p.a. Term Deposit will be accepted for a maximum period of 10 years only. In case the depositor is a retired staff as well as senior citizen, the additional interest rates will be available under both categories. In case of joint deposit accounts with one staff member with a senior citizen, only staff benefit can be permitted. In case of premature closure of Term Deposits the interest rate applicable will be the interest rate for the contracted period or the interest rate for the period for which the deposit has remained with the Bank, whichever is less. There shall be no penalty for premature withdrawal of term deposits provided these deposits have remained with the Bank for at least 7 days and are issued on or after 01-04-2013. Features Fixed Deposits accounts can be opened for a minimum period of 15 days to a maximum period of 10 years. However, for deposits of `15.00 lacs and above, a term deposit can also be opened between 7 to 14 days. There shall be no penalty for premature withdrawal of term deposits provided these Deposits have remained with the Bank for at least 7 days. However penalty clause for Term Deposits issued prior to 01-04-2013 would remain unchanged. Loans/ Overdraft facility (upto 90% of deposit amount) against deposits are available Auto renewal facility on maturity of the deposit The interest is paid at Monthly, Quarterly, Half-Yearly and Yearly intervals as per the option of the customer TDS will be applicable as per I.T Rules Address:- State Bank Of Hyderabad Abids Road, Abids, Hyderabad, Telangana 500001 Phone:- 1800 425 4055 |