State Bank Of India Flexible 5 Year Bond

Hello sir, my father is wants to get detail about the State Bank Of India Flexible deposit scheme for 5 Year Bond. Can any one provide me detail of bond which is available for 5 year in State Bank Of India?

[Rajkumar Agarwal]

The State Bank Of India is provides it’s a flexi deposit scheme for interested customer starting from 5 Year Bond to 7 year.

Flexi deposit product 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.

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.

Penalty charges for non-Deposit of monthly instalments
Rs.50/- per Financial Year

Policy Term:
Min: 5 years
Max: 30 years

Premium Amounts
In case of mode change it may be in multiples of Re 1
Min
Yearly - Rs 50,000
Half-yearly - Rs 30,000
Quarterly - Rs 20,000
Monthly - Rs 9,000