The document is a term deposit advice from State Bank of India confirming details of a fixed deposit for Mr. Pankaj Sharma. It outlines that Mr. Sharma deposited INR 100,000 for 3 years at an interest rate of 8.75%. The deposit was made on August 18, 2014 and will mature on August 18, 2017, at which point the maturity value of INR 129,650 will be credited back to his account. The document also provides the terms and conditions for the term deposit, including that interest will be paid annually and tax deducted as applicable, and matters regarding renewal of the deposit at maturity.
The document is a term deposit advice from State Bank of India confirming details of a fixed deposit for Mr. Pankaj Sharma. It outlines that Mr. Sharma deposited INR 100,000 for 3 years at an interest rate of 8.75%. The deposit was made on August 18, 2014 and will mature on August 18, 2017, at which point the maturity value of INR 129,650 will be credited back to his account. The document also provides the terms and conditions for the term deposit, including that interest will be paid annually and tax deducted as applicable, and matters regarding renewal of the deposit at maturity.
The document is a term deposit advice from State Bank of India confirming details of a fixed deposit for Mr. Pankaj Sharma. It outlines that Mr. Sharma deposited INR 100,000 for 3 years at an interest rate of 8.75%. The deposit was made on August 18, 2014 and will mature on August 18, 2017, at which point the maturity value of INR 129,650 will be credited back to his account. The document also provides the terms and conditions for the term deposit, including that interest will be paid annually and tax deducted as applicable, and matters regarding renewal of the deposit at maturity.
The document is a term deposit advice from State Bank of India confirming details of a fixed deposit for Mr. Pankaj Sharma. It outlines that Mr. Sharma deposited INR 100,000 for 3 years at an interest rate of 8.75%. The deposit was made on August 18, 2014 and will mature on August 18, 2017, at which point the maturity value of INR 129,650 will be credited back to his account. The document also provides the terms and conditions for the term deposit, including that interest will be paid annually and tax deducted as applicable, and matters regarding renewal of the deposit at maturity.
INB Ref No. RB AVENUE(01648) IW11750101 e-Special Term Deposit Advice (In lieu of term deposit receipt) Date : 18-Aug-2014 Dear Sir/Madam We have pleasure in confirming details of the following amount held in deposit with us. Please quote the Account Number in all correspondence. Thank you for Banking with us. Name Customer Number Mr. PANKAJ SHARMA 86231117790 Debit Account Number : 00000020124969612 Mode of operation : Single Scheme : STD-GEN PUB-IND-3<5Y-INR Maturity Instruction: Repay Principal and Interest e-TDR/e-STDR Account No. Tenure Fixed Rate Interest @ Principal Amt Value Date Maturity Date Maturity Value 00000034052082640 3 Year(s) 0 Month(s) 0 Day(s) 8.75% INR 100000.00 18/08/2014 18/08/2017 INR 129650.00 Terms and Conditions for e-TDR / e-STDR 1. The e-TDR/e-STDR in INR is generated in the same name(s) of the account holder(s) as in account from which it is funded. 2. The interest on the Term Deposit (e-TDR), and the proceeds of the Term Deposit (e-TDR) or Special Term Deposit (e-STDR) upon maturity, will be credited to the account from which the e-TDR/e-STDR was funded. 3. Bank will deduct the income tax as per the law applicable and in case no tax is to be deducted, form 15H/G has to be submitted by the depositor to the branch just after opening the e-TDR/e-STDR and at the beginning the Financial Year in the subsequent Financial Years. 4. e-TDR/e-STDR with additional rate of interest for Senior Citizens will be issued if option for "Senior Citizen " is selected by the customer and age of customer is 60 Yrs or above, on the date of creating the fixed deposit, as per date of birth recorded with the Bank. The minimum days and minimum amount applicable for additional rate of interest for senior citizen will be as per Bank's policy. 5. e-TDR/e-STDR will be disposed of according to the Maturity Instruction given at the time of opening the deposit. In case of auto renewal,the deposit will be renewed for the same duration for which it was originally kept, at the rate of interest prevailing on the date of renewal for that duration.If auto renewal instructions are given, the instructions will continue to executed till terminated by the account holder