Want to create a fund for your children’s education or marriage or buying a car or a dream vacation? Whatever your financial goals, thanks to our recurring deposit, you can save a little each month so that when the need to have sufficient funds to meet their financial goals. Recurring deposit provides the element of compulsion to save the high interest rates applicable to fixed-term deposits alongwith liquidity to access the savings at any time. So set aside a small amount each month and earn at compound interest rates.
Wide Choice in Period of Deposit
Flexibility in term time deposits from 12 months to 120 months.
Low minimum monthly deposit.
You can start a recurring deposit with SBI for a monthly payment of Rs.100 / – only.
The term deposit rates SBI Apply
Security: The SBI understand the value of your hard earned money and keep our promise of safety and security of more than two centuries.
The Liquidity Loan /Overdraft facility: You can receive a loan / overdraft credit against its bid deposit.SBI / overdraft of up to 90% of the amount of your deposit nominal cost.So continue to earn interest on your tank and can still meet your financial emergency.
Portability: the transfer of recurring deposit accounts in the branches, no charge.
Regular Instalments to your account. Now you have the motivation / compulsion to save a selected amount each month and create a fund that helps you meet your future financial needs.
Periodic deposits are available in all branches of SBI. The easy and convenient access to information at SBI Internet Banking
Nomination Facility - Available
Regular Instalments to your account:
-Save in your account through fixed monthly payments.
-Monthly payments can be deposited on any working day.
-Month delay attracts penalty.
-Installment payments in multiples of Rs 10 / -
Free fund transfer
Free transfer of funds through standing instructions from your checking or savings account deposit is repeated each month to pay your payments, so you do not have to worry about regular payments.
You can monitor your deposit through SBI Internet Banking or by means of a passbook issued to you
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