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
