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What is the intrest rate on fixed deposit
And monthly income scheme in fixed deposit on FD
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teel me full detail of monthly income rate on fixed deposit and detail of SBI monthly income scheme
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In
Fixed Deposits
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Asked by Prateek Sharma -
2 years ago
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Best Answer:
You can open fixed deposit account with SBI for a nominal amount of Rs.1000/- only. You get flexibility in choosing the amount you wish to invest and the maturity period. You can avail a loan/overdraft against your deposit. SBI provides you loan / overdraft up to 90% of your deposit amount at nominal cost. So you continue to earn interest in your deposit and still can meet your urgent financial requirements. Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate applicable for the period deposit has remained with the Bank.
To get monthly/quarterly interest payments to match your financial requirements you can link your fixed deposit with saving account under MOD scheme.
2 years ago - By Aman
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