#1
11th June 2015, 03:51 PM
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State Bank of India Recurring Deposit
Will you please provide the information related to the Terms & Conditions of the State Bank of India Recurring Deposit? Also provide the key features of the State Bank of India Recurring Deposit.
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#2
11th June 2015, 04:35 PM
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Re: State Bank of India Recurring Deposit
Here I am providing the Terms & Conditions of the State Bank of India Recurring Deposit which you are looking for. • Monthly Rs. 100/- no maximum. b) Deposit in Multiple of Rs.10/- • Rate of interest as applicable to Banks TDR / STDR for the period of the RD • Premature withdrawal allowed at 0.5% below the rate applicable for the period the deposit has remained with the Bank • Minimum period 12 months maximum 120 months • Loan / Overdraft facility available against the balance in RD account • Penalty charges for non-Deposit of monthly instalments: • No Cheque Book / ATM Card will be issued • Passbooks are issued • Nomination facility available • For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month • For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month Key features- Monthly deposits of Minimum Rs.100/- no maximum. Minimum period 12 months maximum 120 months. Loan / Overdraft up to 90% available against the balance in RD account. Rate of interest as applicable to Banks TDR / STDR for the period of the RD. TDS is not applicable. |
#3
2nd December 2015, 09:29 AM
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Re: State Bank of India Recurring Deposit
Hii sir, I wanted to know about the Recurring deposits scheme of the State bank of India ?
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#4
2nd December 2015, 09:30 AM
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Re: State Bank of India Recurring Deposit
As you asking for the State bank of India Recurring deposit scheme of the Recurring Deposit is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time. Features: Monthly deposits of Minimum Rs.100/- and in multiples of Rs 10/- No maximum. Minimum period 12 months maximum 120 months. Rate of interest as applicable to Bank's TDR / STDR for the period of the RD. Loan / Overdraft up to 90% available against the balance in RD account. TDS is applicable. Premature withdrawal allowed and for this, rules for TDR/STDR is applicable. Nomination facility available and it is advised to avail of the facility. Passbooks are issued Terms and conditions : Penalty charges for non-Deposit of monthly instalments: For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month Instructions for disposal of maturity proceeds are accepted at the time of opening of accounts. |