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SBI Fixed Deposit Bond Confirmation

1. The document is an e-Special Term Deposit Advice from State Bank of India's Bhinga Branch confirming details of a fixed deposit for Customer Name Mr. SHITLA PRASAD. 2. The 1-year fixed deposit of INR 58623 with a maturity date of August 20, 2024 earns an interest rate of 5.74% annually. 3. The terms and conditions specify that interest will be paid into the source account, tax will be deducted as required by law, and the deposit can be renewed automatically at the prevailing rate.

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Jayprakash Verma
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14K views1 page

SBI Fixed Deposit Bond Confirmation

1. The document is an e-Special Term Deposit Advice from State Bank of India's Bhinga Branch confirming details of a fixed deposit for Customer Name Mr. SHITLA PRASAD. 2. The 1-year fixed deposit of INR 58623 with a maturity date of August 20, 2024 earns an interest rate of 5.74% annually. 3. The terms and conditions specify that interest will be paid into the source account, tax will be deducted as required by law, and the deposit can be renewed automatically at the prevailing rate.

Uploaded by

Jayprakash Verma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Bank Advice Information

STATE BANK OF

INDIA
INB Ref No. BHINGA BRANCH(11222)
IW16993221

e-Special Term Deposit Advice


(In lieu of term deposit receipt)

Date : 21-AUG-2023

Dear Sir/Madam

We have pleasure in confirming details of the following amount held in deposit with us. Please quote the
Account Number in all correspondence. Thank you for Banking with us.

Name Customer Name

Mr. SHITLA PRASAD

Debit Account Number : Renewal with Intrest Mode of operation : Single

Scheme : STD-GEN-PUB IND-181-210D-


INR

Maturity Instruction: Repay Principal and Interest

e-TDR/e-STDR Tenure Fixed Principal Amt Value Date Maturity Maturity


Account No. Rate Date Value
Interest
@

000000 1 Year 5.74% INR 58623.00 21/08/2023 20/08/2024 INR 61875.00

Terms and Conditions for e -TDR / e-STDR

1. The e-TDR/e-STDR in INR is generated in the same name(s) of the account holder(s) as in account
from which it is funded.

2. The interest on the Term Deposit (e-TDR), and the proceeds of the Term Deposit (e-TDR) or Special
Term Deposit (e-STDR) upon maturity, will be credited to the account from which the e-TDR/e-STDR
was funded.

3. Bank will deduct the income tax as per the law applicable and in case no tax is to be deducted, form
15H/G has to be submitted by the depositor to the branch just after opening the e-TDR/e-STDR and at
the beginning the Financial Year in the subsequent Financial Years.

4. e-TDR/e-STDR with additional rate of interest for Senior Citizens will be issued if option for "Senior
Citizen " is selected by the customer and age of customer is 60 Yrs or above, on the date of creating the
fixed deposit, as per date of birth recorded with the Bank. The minimum days and minimum amount
applicable for additional rate of interest for senior cit izen will be as per Bank's policy.

5. e-TDR/e-STDR will be disposed of according to the Maturity Instruction given at the time of opening the
deposit. In case of auto renewal,the deposit will be renewed for the same duration for which it was
originally kept, at the rate of interest prevailing on the date of renewal for that [Link] auto renewal
instructions are given, the instructions will continue to executed till terminated by the account holder

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