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State Bank of Hyderabad (SBH) has extended the deadline for its special deposits scheme till March 31, 2014.
The scheme, launched in December last year, offers an option to withdraw the amount anytime after seven days without penalty and 9.15 per cent interest per annum. The depositors can also avail of the facility of loan/overdraft on their deposits. While there is no maximum limit on the amount to be deposited, the minimum is ₹15,000.
Customers have the option to withdraw the amount at any time after seven days with no penalty. The product is available to all types of customers including Non-Resident Indians, according to a release.
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