Fixed Deposit - SBI
Fixed Deposit - SBI
Date: 15-Jun-2024
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.
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 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