So, let’s talk about what is SBI flexi deposit scheme. The SBI Flexi Fixed deposit scheme introduced by the SBI bank is a type of recurring deposit scheme. In this scheme, you can deposit money in variables besides paying a fixed amount every month. The minimum tenure to deposit is 5 years and the maximum tenure is 7 years. If you invest in this scheme, you will get a return profit at a 5.4% interest rate per annum. This is the meaning of SBI Flexi fixed deposit scheme.
Pay You Water/Electricity/Piped Gas Bills via NoBroker and Get Assured Cashback! Get home loans at the lowest interest rate from NoBroker and avoid hefty paperworkI will talk about SBI Flexi deposit scheme details to give you a better insight into this.
You can open a SBI Flexi deposit account jointly or singly.
A nomination facility can be availed.
You can take loans up to 90% of the principal amount.
You can transfer the account to the SBI account branch.
Senior citizens can get an extra 0.50% interest. SBI staff and SBI pensioners can get 1% above the applicable rate.
You can deposit money multiple times or once at a time.
The minimum amount that needs to be deposited in a financial year is Rs. 5,000 with a minimum fee of Rs. 500 at any one instance. The maximum amount of Rs. 50,000 can be deposited in a financial year.
A resident individual is eligible for this scheme. Minors cannot apply for SBI Flexi fixed deposit scheme.
This was all about what is SBI Flexi deposit scheme. Hope you like it.
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What is SBI flexi deposit scheme?
Sahani
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2 Year
2022-08-30T09:49:34+00:00 2022-08-30T09:49:36+00:00Comment
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