One of the corporate banks of the State bank of India – State bank of Hyderabad has rolled out a new fixe deposit scheme for 275 days. For its customers the bank has introduced this new scheme – SBH ‘Vrudhi – 275 days’.
It has been reported that the customers can avail this scheme from September 2, 2014 till 31st October, 2014. The scheme will offer an interest rate of 9% p.a. In addition to this the scheme also offers the overdraft and loan facility on the deposits.
This is a beneficial scheme with various advantages. Customers can withdraw their money back within 7 days without any penalty. The minimum amount for the deposit is Rs 10,000 and the maximum limit is Rs 99,99,000.