DEPOSIT SCHEMES

Whatever your needs - an investment of your surplus funds or to create a fund for your childrens'
education and marriage. You will find a product from SBI that suits your requirement, delivered
at a branch close to you.
Open an account with any of our branches, all of them are fully computerised, and realise the
advantage of our vast network. Place funds in Multi Option Deposit Scheme, a term deposit
which is not fixed at all and comes with a unique break-up facility which provides you full
liquidity as well as benefits of higher rates of returns, through your savings bank account/Current
account.
Want to build up savings slowly? Discover our Recurring Deposit Account. You can save a little
every month to build up the desired corpus to meet your future requirement of funds.
Our products are designed with flexibility to suit your personal requirements. Enjoy 24 hour
banking facility through our Internet Banking/ widest network of ATMs. Please watch this space
for more details.
SAVINGS BANK ACCOUNT
Experience the convenience of banking from anywhere and anytime with a Savings Bank
account from SBI. In addition to the largest branch and ATM network, our robust Internet
Banking, Mobile Banking and Tele Banking platforms will ensure that you can access your
account 24x7. Apply Online today!
Features
GENERAL
No Minimum Balance requirement.
Earn Interest at 4.00% p.a. based on daily balance.
Safe Deposit Lockers as per availability.
Nomination facility is available and recommended.

SMS Alerts and e-Statement facility.

AUTO SWEEP FACILITY
Savings Bank account can be linked to Multi Option Deposit (MOD) account for earning higher
term deposit interest on surplus money.
SPECIAL SALARY ACCOUNTS
SBI offers special Salary Accounts for employees of Corporates, Schools, Colleges, Universities,
Government establishments/ organizations, Railways, Police establishments, Defense Personnel
etc.
PREMIUM SAVINGS ACCOUNT
Premium Savings Account provides an enriched version of Savings Bank account consisting of
various concessions and add-ons.
Auto-sweep facility
Auto-sweep facility will be operative at monthly intervals.
Term Deposits (TD)/ Special Term Deposits (STD) would be created under the MOD scheme, in
units of Rs.1,000/-, subject to a minimum amount of Rs. 10000/
Unitised break-up available for withdrawing the deposits conveniently.
TD/STD shall be opened for a period of 1 year to 5 years.
Other Facilities available
20 Multicity cheque leaves free in the first instance thereafter Rs. 2/- is charged for each
subsequent leaf for Savings Bank account having QAB as on previous quarter end Rs. 25000/and above. 20 Multicity cheque leaves free in the first instance thereafter Rs. 3/- is charged for
each subsequent leaf for Savings Bank account having QAB as on previous quarter end below
Rs. 25000/-. Emergency Cheque request (10 leaves set): Rs 3/- per leaf.

Unlimited number of debits.

ATM-cum-Debit Gold cards (Master/ Visa) will be issued, free of cost.
Internet Banking facility.
50% concession in draft issue charges and cheque collection charges.
Bankers Cheques will be issued free.
No service charges in respect of outward RTGS/ NEFT transactions.
YUVA SAVINGS BANK ACCOUNT
It is a special Savings Bank product for Youths.
Residents, above 18 years of age and upto 30 years of age, at the time of entry. Account to
continue as it is, even if the account holder attains the age of 30 years.
Other Facilities as applicable to Normal Savings Bank Account like ATM- cum-Debit card
facility, Mobile Banking, Internet Banking, Cheque books etc. are available.
20 CTS 2010 standard Multicity cheques leaves free in the first instance and thereafter Rs. 2/- is
charged for each subsequent leaf for Savings Bank account having QAB as on previous quarter
end Rs. 25000/- and above. Rs. 3/- is charged for each subsequent leaf for Savings Bank account
having QAB as on previous quarter end below Rs. 25000/-.
TERM DEPOSIT
Period of deposit from 7 days to 10 years.
Deposit Amount: Minimum: Rs.1000/-, Maximum: No limit
Payment of interest at Monthly/Quarterly/Calendar quarter basis as per your requirement.
Payment of interest on monthly interval will be at discounted rate.
Interest will be paid at the contracted rate irrespective of change in the rate thereafter.
Senior Citizens get 0.25% extra interest rate

Loans / OD upto 90% of the Principal deposit

Premature payment:
Premature penalty for Retail Term Deposits up to Rs 5.00 lacs will be NIL' provided the
deposits have remained with the bank for at least 7 days.
For term deposit above Rs 5.00 lacs but less than Rs 1 crore , the prepayment penalty will 1% for
all tenors (0.50% at present).
There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits.
Auto renewal is exercised if maturity instructions are not given
Flexibility to convert TDR to STDR and vice versa
Nomination facility available and recommended
TDS at prevalent rate is deducted at source if Form 15G/15H not submitted.
TDS will be deducted when interest paid or accrued or reinvested per customer, per branch,
exceeds Rs. 10,000 in a financial year.
The TDR can be linked to any Savings Bank or Current Account from where you can withdraw
periodical interest. TDS payments, if any, can be made to the Government as and when it is due
from linked account.
AUTOMATIC RENEWAL
Automatic renewals will take place only where there is no maturity instructions recorded at the
time of opening the Term Deposit account or anytime before maturity of deposit.