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Double Your Deposit

STATE BANK OF INDIA, BANGLADESH OPEARTIONS
STATE DOUBLE - YOUR DEPOSIT SCHEME
Product Name SBI Double Your Deposit
Eligibility Individuls
Tenure 12 Years *
Rate of Interest 6% p.a. *
Maturity Value/Lac Tk.203,279.00*
Compounding of interest procedure ( frequency of interest application ) Half Yearly
Minimum Size of initial deposit Tk.50000/- & multiples of Tk.500
Penalty on premature encashment 1% on the rate ( as on the contract date) applicable for the period deposit has remained with the Bank.
Loan facility Available under Secured Over Draft facility.90% of total deposit, @2.50% above the deposit interest rate
Nomination Allowed
KYC formalities As per existing norms
Tax Implications Tax Deductible at Source, as per Income Tax Act
  • Subject to change, with the change in rate of interest