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.
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I 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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