State Bank Of India Flexi Deposit

Hii sir, I Wants to get the Information About the Flexi Deposit Scheme of the State Bank of India ?

[pawan]

The State Bank of India offers its customers the Flexi Deposit Scheme which works on the principle of a recurring deposit. Customers can choose to deposit a minimum of Rs. 500 per month, but they can increase this amount anytime they wish. You can also make as many instalments as you like. In a year, the bank puts a cap on the amount of money you can accumulate in the deposit

Annual Limits

In a year, a depositor can save up to Rs. 50,000. The minimum amount you have to save is Rs. 5,000 per year. The Flexi Deposit Scheme does not allow you to deposit more than Rs. 50,000 in a year.

Tenure

This deposit can be opened for a minimum of 5 years. The deposit can be maintained for a maximum of 7 years.

Loan Facility

Customers can avail of loans from State Bank of India against the SBI Flexi Deposit.


Revised for senior citizens from 5/10/15 5 years up to 7 years

Tenure: 7.25%

Existing rate for Public 7.00%

Revised for public from 5/10/15 7.50%

Existing rate for Senior Citizens 7.25%


For more Information you may Contact to the Nearest branch of the State Bank of India