This article offers a brief summary of the key aspects of the State Bank of India’s MACAD schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
SBI – MACAD Features:
- Maximum deposit amount has no limit.
- Minimum deposit amount determined by the minimum monthly annuity payment of Rs. 1,000/- for the respective duration.
- Tenure ranges from 36 to 216 months, following Tribunal/Court directives.
- If the period is under 36 months, a standard Term Deposit will be initiated.
- For such instances of a Term Deposit (period less than 36 months), a Term Deposit advice will be provided.
- MACAD will be nominated as per Tribunal/Court instructions.
How to invest?
Click here to invest in the State Bank of India’s MACAD schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.