Go Back   2019-2020 StudyChaCha > >

Old July 8th, 2016, 12:36 PM
Super Moderator
Join Date: Dec 2012
Posts: 19,798
Default Re: State Bank of Patiala RD

State Bank of Patiala was founded in the year 1917. Bank offers Recurring Deposit (RD) facility for its customers .

Features and Benefits State Bank of Patiala Recurring Deposit (RD):

Minimum monthly installment amount for this Recurring Deposit :
nominal as Rs. 500.

There is a facility to transfer the RD account from one SBP branch to another.

Deposit tenure :
3 years.

RD account can be opened by –

Residents of India

Any female holding a Savings account with SBP

Any female can open this account in her name, or jointly with a minor/child.

Customer can avail a loan/overdraft facility against the security of the Recurring Deposit.

If the loan is being taken for the minor, it needs to be utilized for his/her benefit.

Interest on Recurring Deposits:

Interest rate :

8.75% p.a is compounded with quarterly rests.
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Sponsored Links


Reply to this Question / Ask Another Question
Your Username: Click here to log in


Forum Jump

All times are GMT +6.5. The time now is 09:19 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimisation provided by DragonByte SEO v2.0.42 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.