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SBI TAX SAVINGS SCHEME, 2006
REINVESTMENT PLAN
SBI MODS
RECURRING DEPOSIT
ANNUITY DEPOSIT SCHEME
SBI FLEXI DEPOSIT SCHEME



RECURRING DEPOSIT

Key features-

ü  Monthly deposits of Minimum  Rs.100/- no maximum.

ü  Minimum period 12 months maximum 120 months.

ü  Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD.

ü  Loan / Overdraft up to 90% available against the balance in RD account.

ü  TDS is not applicable.

Most Important Terms & Conditions

1.     Monthly Rs. 100/- no maximum. b) Deposit in Multiple of Rs.10/-

2.     Minimum period 12 months maximum 120 months

3.     Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD

4.     Premature withdrawal allowed at 0.5% below the rate applicable for the period the deposit has remained with the Bank

5.     Loan / Overdraft facility available against the balance in RD account

6.     Penalty charges for non-Deposit of monthly instalments:

a.     For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month

b.    For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month

7.     No Cheque Book / ATM Card will be issued

8.     Passbooks are issued

9.     Nomination facility available

 




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LIST OF PBB BRANCHES
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