Sbi Recurring Deposit Interest Rate

Jan 11, 2021 Short-term Deposits: For an SBI FD with tenure ranging from 7 days to 365 days, the interest rate offered is from 4.50% p.a. These deposits are known as short term deposits as they have a tenure less than 1 year. SBI Recurring Deposit State Bank of India, the country’s largest lender lets you to open recurring deposit (RD) accounts. The RDs can be opened by visiting a branch of the bank or by using the internet banking facility. The rate of interest offered on the RDs is 5.70% p.a. For general citizens across all tenures. The rate of interest as applicable to the SBI annuity scheme is the same as SBI FD. (Mint) SBI annuity scheme vs fixed deposit vs recurring deposit: Investment cheat sheet.

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Recurring deposit Content

Recurring Deposit
Regular small savings to build up a fund

Recurring Deposit allows you to invest a fixed amount ranging from minimum LKR 1,000/ per month to maximum LKR 25,000/- per month (in multiples of LKR 1,000/-) at monthly intervals for building up an amount at the end of the term to fulfill your dreams.


Term of deposit

12 / 24 months.


Eligibility
  • Resident Individuals (Sri Lankan, Indian & Other Nationals) of 18 years of age & above.
  • Single or in Joint names with other individuals.

Interest Rates
  • Card rates on Fixed deposits.
  • Please refer ‘interest rates’ link under ‘Quick links’ for latest interest rates.
Sbi fixed deposit interest rate
Key Benefits
  • High safety & security of your funds.
  • Free Nomination facility.
Sbi recurring deposit interest rates 2021

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