'P' SEGMENT DEPOSIT SCHEMES
 

SAVINGS BANK ACCOUNT
1 An ideal deposit account for individuals for small savings along with earning of interest.
2 A/c can be opened by depositing Rs 100/* (Rs.1000/- for cheque book facility).
3 Single or Joint Account can be opened.
4 Interest is paid half yearly in September & March every year on the minimum balance in the account between 10th and last day of the month.
5 Nomination facility is available.
6 The facility of standing instructions for payment of insurance premium etc. is available.
7 Accounts can be opened with or without cheque book facility.
8 Pass book/computer statements are issued.
9 Free ATM-cum-Debit Card is available which is acceptable at about 3000 ATMs of State Bank Group without any charge.
* For rural branches.

CURRENT ACCOUNT
1 An account for business/ institutional operations and can be opened by Individuals, Firms, Societies, Companies, and Govt. departments etc.
2 No limit on number of transactions.
3 Minimum balance of Rs 1000/ at rural centres and Rs 5000/ at urban centres is required to maintained.

TERM DEPOSIT SCHEME (TDR)
1 Amount is deposited for a pre-decided period ranging between 7 days to 10 years.( For 7 days to 14 days – minimum deposit Rs.1 lacs.)
2 Minimum deposit is Rs.1000/-
3 Account can be opened by Individuals, Firms, Societies, Companies, and Govt. departments etc
4 Earns attractive rate of interest.
5 Interest is payable at quarterly intervals but can be paid monthly at discounted value.
6 The facility of loan on deposit, premature payment, nomination facility and transfer of A/c to other branches is available.
7 Loan can be availed maximum upto 90% of principal and interest accrued thereon.

REINVESTMENT DEPOSIT (SPECIAL TERM DEPOSIT)
1 A term deposit scheme with benefit of reinvestment of interest.
2 Earns interest with quarterly compounding resulting into handsome maturity amount.
3 Maximum return.
4 The facility of loan on deposit, premature payment, nomination facility and transfer of A/c to other branches is available.
5 Loan can be availed maximum upto 90% of principal and interest accrued thereon.

RECURRING DEPOSIT
1 Regular small savings grows big regularly and steadily to meet large expenses like education, marriages etc.
2 Individual (single or joint) minors, firms, clubs, associations etc. can open the account.
3 A/c can be opened by depositing minimum Rs 100/- or more in multiple of Rs 5/- per month.
4 The instalment can be deposited on any working day of current month.
5 The facility of loan on deposit, premature payment, nomination facility and transfer of A/c to other branches is available.
6 Loan can be availed maximum upto 90% of principal and interest accrued thereon
7 Maturity period ranging between 12 to 120 months.

MONEY BOX DEPOSIT
1 An attractive flexi-recurring deposit scheme where deposit can be made upto 10 times of minimum core amount or Rs 10,000/- which ever is less, during a month.
2 No need of additional term deposit account for additional savings.
3 No penalty for irregular instalments.
4 Maturity period ranging between 6 to 120 months.
5 The facility of loan on deposit, premature payment, nomination facility and transfer of A/c to other branches is available.
6 Loan can be availed maximum upto 90% of principal and interest accrued thereon.

GANGOTARI DEPOSIT SCHEME
1 A combination of recurring deposit, and special term deposit schemes.
2 A scheme for employees of institutions, those do not have a pension/gratuity scheme.
3 Scheme spread over a period of 15 to 40 years depending upon savings capacity and future requirements.
4 The facility of loan on deposit, premature payment, nomination facility and transfer of A/c to other branches is available.
5 Loan can be availed maximum upto 90% of principal and interest accrued thereon
6 An individual (singly or jointly) and minor can open the account under this scheme.

MULTI OPTION DEPOSIT SCHEME
1 A new deposit scheme combining the features of current accounts, savings bank account, and Term Deposit account.
2 The product provides liquidity to the depositors with high return and convenience.
3 It provides the depositor automatic overdraft facility in current account and automatic withdrawal of term deposits in units through savings bank account.
4 Depositor has to simultaneously open Term Deposit and Savings Bank or Current account.

LONG TERM FLOATING RATE TERM DEPOSIT
1 A Term Deposit Scheme where the depositor has the option to invest in long-term maturity at a floating rate with opportunity to gain in any upward movement in interest rate.
2 A term deposit scheme for 3 years and above with additional interest of 0.25% on base interest rate (interest rates for 3 years and above).
3 Minimum deposit Rs. 1,00,000/-

SENIOR CITIZENS DEPOSIT SCHEME
A special deposit scheme for senior citizens i.e. persons of 60 years and above. Higher interest (0.50%) than normal interest rates. Period ranging from 1 year to 10 years.