SBH launched new deposit scheme SBH -110 Weeks
Posted on: 12/Mar/2014 10:38:52 AM
State Bank of Hyderabad has launched a new deposit scheme SBH -110 Weeks which offers liquidity and higher rate of interest to the depositors for their medium period investment.
The scheme is operational from March 10 to April 30. Under the scheme, customers can park their surplus funds for a medium period of 110 weeks and earn higher returns on deposits.
The depositors also get the facility of loan / overdraft. The bank offers interest rate of 9.11 per cent per annum for the public and 9.41 per cent per annum for senior citizens. The minimum amount of deposit is Rs.1,000 and maximum is Rs.99 lakh. Customers have the option to withdraw the amount at any time after 7 days with no penalty. The product is available to all type of customers as well as NRIs.
