[suman]

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Hi buddy want to open Special Term Deposit In State Bank Of India, so would you plz tell me about this account scheme ??

[Vishal Kotkar]

State Bank of India is an Indian multinational, public sector banking and financial services company. .

State Bank of India Special Term Deposit (STD) Account can be opened in the same way as the Term Deposit Account. The interest on the STD Account is compounded at quarterly intervals and principal and interest are paid on maturity.

Minimum and maximum period of deposit may be 7 days and 120 months respectively. Minimum and maximum periods are subject to change.

Minimum amount of deposit is Rs.1,000/- and thereafter, in multiple of Rs.100/-.

Loan up to 90% of principal and accrued interest is available against Special Term Deposit.

Other terms and conditions are same as in case of Term Deposit Account.

Bank profile :
Type Public
Traded as NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded 2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956, nationalization
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people

Arundhati Bhattacharya
(Chairman)

Dinesh Kumar Khara
(MD)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards,
Revenue 273,460.50 crore (US$43 billion) (2016)
Operating income 43,258 crore (US$6.7 billion)(2016)
Profit 9,950.65 crore (US$1.5 billion)(2016)
Total assets 2,259,063.03 crore (US$350 billion)(2016)
Total equity 144,274.65 (US$2,200) (2016)
Number of employees 207,739 (2016)
Capital ratio 13.12% (2016)