#1
20th July 2016, 11:57 AM
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Schemes of State Bank of Patiala
Can you tell me in detail about the Naunihal Deposit Scheme and Swapan Luxmi Recurring Deposit Scheme as offered by SBP or State Bank of Patiala?
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#2
20th July 2016, 12:15 PM
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Re: Schemes of State Bank of Patiala
The details of the Naunihal Deposit Scheme and Swapan Luxmi Recurring Deposit Scheme as offered by SBP or State Bank of Patiala are as follows: Naunihal Deposit Scheme Features & Benefits Special Term Depsoit Scheme Mode of Operation: i) Single Name : Minor aged 10 years and above ii) Joint account opened in the name of minor (upto age of 10 years) and natural guardian. iii) For , the minor is aged 10 years and above , the joint account is opened with anyone including guardian. Eligibility Criteria Minor children (Resident) Min/Max Amount of Deposit Min Deposit : Rs.50,000/- and in multiple of Rs.50,000/- Max Deposit : a) Single Name : Minor aged 10 years and above : Rs.2.00 lacs b) Joint Account : First name of the depositor under joint deposit should be that of the Minor along with natural guradian / others – Less than Rs. 1.00 Crore. Period of Deposit 92 Months Other Important Features Loan Facility : Available in the form of Demand Loan / Overdraft as per extent guidelines of the Bank. Swapan Luxmi Recurring Deposit Scheme Features & Benefits Loan / Overdraft facility available against the security of the deposit For minor, the same should be utilized for the benefit of the minor. Free automatic transfer of monthly installment amount to RD account, by debit to Saving Bank account. Eligibility Criteria i) All female singly or jointly (female as first applicant in joint account including minor child) ii) The female should have a Saving Bank Account in any branch of SBP. iii) Available for residents only Min/Max Amount of Deposit Min Amount per Instalment - Rs.500/- and in multiple thereof Period of Deposit 3 years Other Important Features Facility to transfer of RD between our branches is available without any charge |