State Bank of Hyderabad
About Us Desposits Advances NRI Services International Banking Services Interest Rates Merchant Banking
SBH Internet Banking
Go Direct
ATM and Branch Locators
Search
More Links
List of Farmers benefited under Debt Relief/Waiver 2008 ******************* Credit Flow to Minorites ******************* Scheme for one time settlement of dues ******************* Not a Tax Payer
News Tenders
Special Offers Forms
Feedback Form Complaint Form
Education Loan New Schemes
 

Maturity and Yield Calculator
 
Term Deposit Schemes / Recurring Deposit Scheme
 

                               Has any one ever said to you 

                “Pay your Income Tax annually and get a discount”         

                “Pay your Insurance Premium annually and get

                              Additional Bonus” 

                 “Pay your children’s School Fee annually and get

                             A school bag free”       

                WE  DO – IN A DIFFERENT WAY OFCOURSE…..       

                Invest in our RECURRING DEPOSIT SCHEME

                All you need to do is fix the amount of Monthly Installments

                And Time the Maturity Date to meet your Commitments. 

               The interest you earn (on the periodical balances saved), at the

                corresponding TDR Rates will ensure that you meet the above

                commitments on due dates and yet earn a Handsome Incentive

                by way of additional interest.                      

                 This scheme also inculcates a habit of thrift..                

               You can convert your Recurring Deposit Account to a Term Deposit

               on maturity, if you have no payment commitments. 

               Your deposits will increase manifold.

Product RECURRING DEPOSIT SCHEME
Eligibility

Open to all Except C&I Segment

Availability of the Scheme At all our Branches
Style Of Account

Singly Or Jointly and payable to ‘E OR S’, ‘F OR S’, ‘L OR S’

 OR Payable Jointly.
Period of Deposit

Min 12 Months & Max 120 Months

Amount Of Deposit Min Rs.100/- with multiples of Rs10/-, No Max.Limit
Rate of Interest

As applicable to Term Deposits for the same period
Penalty As applicable to Term Deposits for the same period
Nomination Nomination facility is available for all individual Accounts
Transfer Of Account Permitted
Premature Payment Premature Payment is permitted
Loan Facility

 80% of the total installments paid to date, Rate of Interest will be 1.5% more than that offered on the Deposit
Tax Deduction at Source

TDS is not applicable to these accounts irrespective of the interest amount earned on the Deposit


Click here for account opening form
Customer Rights Forms Government Business Tenders Sports Links Customer Support
©2008 State Bank of Hyderabad. Click here to go to Hindi Website                                    website developed by Catalytic Software, Inc.