SBI

Fixed Deposit

Features

• Minimum period of deposit – 7 days

• Maximum period of deposit- 10 Years

• Available at all branches

• Minimum deposit amount Rs. 1,000/-

• Maximum deposit amount: No Upper Limit

• A deposit of Rs. 2 crore and more is classified as bulk deposit

• Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.

• Nomination available in favour of individual only

• Transferability allowed among our branches

• TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules.

Loan against deposit is allowed with applicable margin as under: 

Residual tenor of Deposit as on Date of availing loan (For Public)

Margin

>36 months & up to 60 months

10%

>60 months

15%

Floating Rate Bulk Term Deposit (FRBTD) 

• Eligibility: All Individuals (Including NRIs) and Non-individual customers. Minors not eligible to open FRBTD either singly or jointly with guardian. The additional interest rates as applicable to other deposits are not extended to Senior Citizens/Staffs/Staff Senior Citizens.

• Tenor:

  • Minimum: 91 days

  • Maximum: 3 years.

  • Minimum period for NRE Rupee Term Deposit shall be 12 months

• Deposit amount:

  • Minimum: Rs. 2 Crores and in multiples of Rs.1,00,000/- (Rs. One lac) thereafter

  • Maximum: No Limit

• Penalty for premature payment of FRBTD for all tenors will be 1%. No interest shall be paid in case of premature withdrawal of deposit before 91 days.

• Loan/Overdraft facility would available up to 90% of FRBTD amount. Interest rate would be 1.50 % p.a. above the applicable floating interest rate.

• Transferability allowed among our branches