Ask your Question
   (100 characters left)
Search for questions:      Advanced
Credit Cards
Car Loans
Home Loans
Personal Loan
Education Loans
Fixed Deposits
Savings Accounts
Miscellaneous
Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate
Resolved Question:
Show me another
What is the intrest rate on fixed deposit
And monthly income scheme in fixed deposit on FD
teel me full detail of monthly income rate on fixed deposit and detail of SBI monthly income scheme
In Fixed Deposits  -  Asked by Prateek Sharma -  4 years ago

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.
4 years ago - By Aman

Other Answers (3)
show:
Answer 1.
All the schemes of banks are beneficial but there is a limit after which you have to pay tax so before investing read terms and conditions of the schemes so that you don't end up paying high tax.
4 years ago - By Mitu
Answer 2.
The Multi Option Deposit (MOD) Account is a combination of Savings Bank or Current Account with Term/ Special Term Deposit Accounts, so that one can securely write cheques upto the balance in the MOD account or upto the drawing power available as overdraft in the Current account.Withdrawals through ATMs can also be conveniently made.At the time of need for funds, withdrawals can be made in units of Rs.1,000/- from the Deposits by issuing a cheque from Savings Bank Account or through overdraft facility from Current account. Flexibility in period of Term Deposit from 1 year to 5 years. You can open a MOD account with SBI for a minimum amount of Rs. 10,000/- only. Additional interest can be earned by routing your interest receivables from Term Deposit to your Savings Bank Account.
4 years ago - By Shakshi
Answer 3.
Interest rate on fix deposit -SBI(yearly)
1 year to less than 2 years 6.25 1 year to less than 2 years 6.00
2 year to less than 3 years 6.75 2 year to less than 3 6.50
3 year to less than 5 years 7.00

For monthly mode,contact bank.
Monthly income Plan (MIP)available from mutual Fund.Not Guaranteed.Div. is tax free.

SBI Magnum Monthly Income Plan-Dividend-Annually 11.2424 11.1300 11.2424 22-Jul-2010
SBI Magnum Monthly Income Plan-Dividend-Monthly 10.6546 10.5481 10.6546 22-Jul-2010
SBI Magnum Monthly Income Plan-Dividend-Quaterly 10.4034 10.2994 10.4034 22-Jul-2010
SBI Magnum Monthly Income Plan - Growth 19.6025 19.4065 19.6025 22-Jul-2010
4 years ago - By Rajesh
Answer: Open Questions RSS
how can i find status of my SBI TDR/STDR my bank is SBI adhartal jabalpur TDR/SDR No.xxxxx823283
View All
Discover: Resolved Questions RSS
as sr citizen i deposit 40lacs i want to know how much money i will get permonth as intrest
Escorts in panchkula......9872814230???
I was deposit Rs,200000,00 by Mis self sbi saving account than how much I got per month
I want check my saving account details 6220180467500341467
HOW MANY YEAR DUBBLE MY FIXED DEPOSIT ON S,B,I
View All
Vote: Undecided Questions
No question found.
COMPARE RATES
Get best FD rates
Best FD rates by banks
Compare Car Loan Rates for a used car
Get best bank for Home Loan
Show All...
COMPARE QUICKLY
 Select a product:
 

CALCULATORS
Fixed Deposit Interest Income Calculator
Credit Card Balance Transfer Savings Calculator
Car Loan Amount by EMI Calculator
Car Loan Amount by Down Payment Calculator
More Calculators...
CALCULATE QUICKLY
 Select a product:
 

NEWS THIS WEEK
IDBI bank denied for the offer of the merger with the UBI bank Jul 29, 2014
Karnataka Bank signed MOU with Star Ari warehousing and Collateral Management Jul 28, 2014
Registration for the common banking entrance exam have started Jul 24, 2014
New Corp excel branch in Bangalore Jul 23, 2014
EPFO to allot universal account number to its members Jul 22, 2014
News Archive
EDITORS' PICKS
Should you preclose your current FD for...
Carnival of Indian Personal Finance Blogs #4
FMPs or FDs: Make an informed choice
Medical Insurance: Save tax along with health
Things you should know while filing income...