State Bank Of Hyderabad Double Dhamaka Scheme

Hey I want to know about the State Bank Of Hyderabad Double Dhamaka Scheme so can you please tell me the details for the same

[pawan]

State Bank of Hyderabad is a nationalized bank in India, with headquarters at Hyderabad, Telangana.

Well there was a scheme of doubling the money in the State Bank Of Hyderabad that is the Double Dhamaka Scheme but at present it is not in practice


The following was the scheme

Your money doubles in 87 months.

That should attract quite a few people out there. Hoping so is SBH, which introduced ‘SBH Double’ that will double your investment (fixed deposit) in exactly 87 months.

If you happen to be a senior citizen, you can achieve the double figure 4 months earlier, in just 83 months.

Money Deposition in the Scheme

The minimum amount to be deposited is Rs.10000.

By their estimates, over the 87 months period, the interest rate offered will turn out to be 13.86% (or 14.56% in case of senior citizens in 83 months).