BREAKING NEWS : This Is Very Special FD Of SBI, Withdraw Money From ATM Without Breaking It When Needed

Special FD Of SBI: The ‘Multi Option Deposit’ scheme of State Bank India is a type of fixed deposit or term deposit scheme. In which you can withdraw many times more than 1000 rupees according to the need from time to time.

SBI always brings new schemes for the convenience of its customers. Where SBI offers the option of making great investments while securing the hard earned earnings of its customers. Yes, if you are a customer of SBI, you can fix your hard earned earnings for a certain interval under its ‘Multi Option Deposit’ scheme. In which you get excellent interest. Also, you can withdraw money in between without breaking it.

Also Read: Apply For SBI Green Car Loan: Fulfill The Dream Of Buying An Electric Car With SBI Green Car Loan

Learn what SBI’s multi ‘option deposit’

The ‘Multi Option Deposit’ scheme of State Bank of India is a kind of fixed deposit or term deposit scheme. In which you can withdraw many times more than 1000 rupees according to the need from time to time. The most important thing about this scheme is that you can withdraw from your ATM as per your requirement without going round the bank.

Withdraw money from ‘Multi Option Deposit’ in this way without breaking FD

The ‘Multi Option Deposit’ scheme is a term deposit scheme. In which the depositor’s savings account or current account is linked to their ‘Multi Option Deposit’. In such a case, the depositor wants to withdraw money from that linked account. But if that amount is not in that account, then the rupee can be withdrawn from the ‘Multi Option Deposit’ scheme. For more information, you can get information by going to SBI official link

https://ift.tt/3iTYVHr.

You will get interest in ‘Multi Option Deposit’ even after withdrawing money

If you withdraw money from the ‘Multi Option Deposit’ scheme, you get the same interest. The same is found on a normal FD of SBI. Explain that after withdrawing money, the interest continues to accrue on the remaining amount in ‘Multi Option Deposit’.

These things make the ‘Multi Option Deposit’ scheme very special

1. The minimum deposit limit for ‘Multi Option Deposit’ is Rs 1 lakh. Later, it can be deposited several times more than 1000 rupees, for which no limit is fixed.

2. ‘Multi Option Deposit’ can be opened for a time frame ranging from 1 year to 5 years.

3. ‘Multi Option Deposit’ also features premature withdrawal. Also, tax on it is deducted at source applicable.

4. ‘Multi Option Deposit’ also provides loan and nomination facility. This scheme can be transferred from one branch of SBI to another.

5. When the balance is reduced, it is broken into ‘Multi Option Deposit’ and credited to the account.