A New Deposit Product- SUPER SAVER TERM DEPOSIT SCHEME - ' SAMRIDDHI' launched w.e.f.1^st March 2007. The details of the product are as under:

Name of the product

SAMRIDDHI- Super Saver Term Deposit Scheme

Segment

Personal

Eligibility

Resident individuals

Mode of operation

Singly or jointly

Type of account

Term Deposit (TD) Account/Special Term Deposit (STD) Account.

Period of deposit

Minimum 4 years - Maximum 10 years

Available at

All branches

Minimum deposit amt.

Rs.10000/-

Maximum deposit amt.

No ceiling

Rate of interest

Period	Public( % p.a.)	Senior Citizens (% p.a.)	SBIn staff senior citizens (% p.a.)
4 years to less than 5 years	8.75	9.25	10.25

Premature penalty

The rate applicable in case of premature withdrawal shall be 1% below the card rate applicable for the period the deposit has remained with the Bank, for all the categories of depositors, including staff and staff senior citizens.

Account opening procedure

Extant procedure for opening a normal TD/STD account will be applicable

Nomination

As applicable to deposit accounts

Loan facility

As applicable to deposits under TD/STD schemes.

Others

Terms and conditions such as transferability among branches, tax Deduction at Source (TDS), as applicable to normal TD/STD accounts will be applicable to this scheme.