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Old December 15th, 2017, 11:58 AM
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Join Date: May 2011
Default Re: RD In State Bank Of Patiala

The State Bank Of Patiala is now State Bank Of India

The State Bank Of India 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.

State Bank Of India Recurring Deposit

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

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.

Customer service: 1800 425 3800
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