Term Deposit
SBM Term Deposit offers you the option of placing your money for a fixed term allowing you to earn a higher rate of interest/return. The features and benefits of the SBM Term Deposit are as follows:
- Minimum deposit of Rs 100,000
- Interest payment as per agreed frequency
- Interest paid to Current/Savings account
- Term Deposits offered for up to 36 months
- Acceptable as collateral for Banking facilities
- Competitive interest rate