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Recurring Deposit Offer: Terms and Conditions

1.Definitions

Bank: Standard Chartered Bank in India.

Offer: Clients who book a Recurring Deposit of INR 2000 or more for a tenure of one year (365 days) will receive 1,000 reward points per month for each monthly debit during the offer period

Offer Period: 1st February 2024 to 31st March 2024.

Qualified Customer: The Offer is applicable to select Standard Chartered savings account holders who have received the Offer communication through SMS/Email.

2.Offer Details

  • Clients who book a new Recurring Deposit of INR 2000 or more during the offer period for a tenure of one year will receive 1,000 reward points per month for each monthly debit during the offer period
  • At least 2(two) monthly debits during the offer period to qualify for the offer.
  • Irrespective of the number of recurring deposits, Client will 1000 reward points for each monthly debit maximum reward points that can be earned during the offer period is 2000.
  • Recurring Deposit can be opened through any mode (Online, Offline or through Contact centre)
  • Reward points will be processed within 60 days after the offer period
  • Offer related dispute from client can be raised to bank till 30th June 2024.
  • RD interest rate https://www.sc.com/in/deposits/interest-rates/

Steps to open RD :

  1. Log into Online Banking and click on ‘Resident/NRO Deposit’ under ‘Recurring Deposits’.
  2. Confirm your personal details
  3. Enter the instalment amount, date, tenure, and click ‘Submit’

3.General Terms and Conditions

  • The Bank reserves the right to modify/change all or any of the terms applicable to this Offer. The Bank also reserves the right to modify, withdraw or discontinue the Offer without assigning any reasons whatsoever. Neither anything contained in these terms and conditions, nor shall running this Offer be construed as an obligation on the Bank to continue the Offer up to the termination/expiry date.
  • Participation in this Offer is entirely voluntary, and it is agreed and understood by the participants that participation shall be deemed to have been made on a voluntary basis.
  • The Offer is non-transferable.
  • The Offer shall not be available wherever it is prohibited under law and/or cannot be made for any reason whatsoever.
  • All disputes under this Offer are subject to the exclusive jurisdiction of the competent courts/tribunals of Mumbai.
  • The Bank shall not be obliged to make any public announcements of the results of the Offer. In all matters relating to this Offer, the decision of the Bank shall be final and binding.
  • By participating in this Offer, the participants agree to be bound by the terms and conditions contained herein.
  • Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the participants, shall be solely borne by the participants.