NON CALLABLE TERM DEPOSIT BULK NCD B - Personal Banking

NON – CALLABLE TERM DEPOSIT - BULK (NCD-B)

• Eligibility: Resident Individuals and Non- Individual Customers (Minors are excluded, separate scheme is available for NRI Customers)
• Special Category of Customers : Senior Citizens / Staff/ Staff Senior Citizens are NOT eligible for additional Interest Rate applicable over Non-Callable Rate for Bulk Deposit.
• Minimum: Rs.3,00,00,000/- (Rupee three crore only) *In multiples of Rs.1000/- thereafter.
• Maximum: No Limit
• Tenor(s): 7 days to less than 3 years
• Rate of Interest: Mark up over Bulk Deposit card rates as decided by Bank
• Eligible Products
  • TDR/ STDR only
  • Not available under any other schemes of Term Deposit.
• Interest Pay out Option
  • Monthly/ Quarterly / Half yearly/Yearly Interest Pay-out is available for TDR.
  • For STDR, Interest shall be paid on maturity along with principal.
• Premature Withdrawal:Strictly not allowed except in the following cases:
  • If directed by Court/ Regulator or in case of Winding up/ Bankruptcy.
  • Death of Individual Depositor(s)
  • Right to set off by SBI
• Loan Facility:Demand Loan facility available. No Overdraft facility allowed.
• TDS Application:As per IT act
• Available through Channel:The product shall be available through Branch CBS channel only.