SBI's Flexi Deposit Scheme Explained in 10 Brief Points

The minimum tenor is 5 years and maximum is 7 years. The rate of interest is same as applicable to term deposits. Quarterly compound interest is also applicable. (Also read: SBI Recurring Deposit Account: Interest Rate, Features, Conditions And Other Details) Premature withdrawal is also allowed. The rate applicable in case of premature withdrawal shall be 0.50% below the rate applicable for the period the deposit has remained wi...