#1
19th September 2016, 02:51 PM
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SBI e Flexi Deposit
Hi buddy here I have come to know State Bank of India (SBI) Flexi Deposit scheme , so can you tell me about the same ??
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#2
19th September 2016, 03:37 PM
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Re: SBI e Flexi Deposit
As you asking I am telling State Bank of India (SBI) Flexi Deposit scheme 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, within the Annual sum defined. State Bank of India (SBI) Flexi Deposit scheme features 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 Rate of Interest As applicable to Term Deposits. Quarterly compounded Interest. Tenure Minimum tenor is 5 years and maximum is 7 years. Premature withdrawal Allowed. 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. |