RD In State Bank Of Patiala

I want to get the details of latest Recurring Deposit of State Bank Of India so can you provide me?

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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Answered By StudyChaCha Member