SBH Kuber 400 Days
State Bank of Hyderabad (SBH) introduces new term deposit SBH Kuber 400 days with attractive interest rates. All individuals including NRIs are eligible for this scheme. The minimum deposit amount is Rs. 10,000 and the maximum deposit amount is Rs. 99,90,000. The scheme is available from September 25, 2015 to October 31, 2014 in all branches of State Bank of Hyderabad.
Rate of interest is according to the categories of depositors. The depositors are classified into general public, senior citizen, staff and retired staff senior citizen. The rate of interest per annum is 9.15%, 9.45%, 10.15% and 10.45% for general public, senior citizen, staff and retired staff senior citizen respectively. Depositors can opt for overdraft or demand loan according to the specified guidelines. If the deposit is retained with the Bank for 7 days by public and 12 Months for NRE deposits, there will be no premature payment penalty for the withdrawals.