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SBI RD Interest Rates 2017

Last Updated 24th Aug 2017

SBI Interest Rate on RD, 2017

Tenure General Rates Senior Citizen Rates
1 year to 455 days 6.90% 7.40%
456 days to 1 year 364 days 6.95% 7.45%
2 years to 2 years 364 days 6.85% 7.35%
3 years to 4 years 364 days 6.50% 7.00%
5 years to 10 years 6.50% 7.00%
SBI RD Calculator

SBI Recurring Deposit

  • SBI offers RD interest rates up to 6.95%
  • Interest on RD with SBI is compounded quarterly.
  • SBI accepts minimum deposits starting at Rs. 100.
  • For senior citizens SBI offers RD rate upto 7.45%.

Special features of SBI Recurring Deposit

  • Nomination facility is available
  • loan facility is available up to 90% of your RD amount

Duration of Recurring Deposits with SBI

You can open a Recurring Deposit account with SBI for a minimum tenure of 12 month which can go up to maximum tenure of 120 month

Premature withdrawal of RD with SBI

Premature withdrawal of RD with SBI is allowed. SBI may charge a nominal amount of penalty as per their banking norms.

However, Partial withdrawal of RD account is not allowed.

Penalty for delayed installment of RD with SBI

Bank may give you grace of some days if you delays the payment beyond due date.

In case you do not pay your installment after due date, SBI will charge Rs. 1.50 per Rs. 100 per month as penalty for delayed payment.

Sbi Recurring Deposit

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