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  #2  
July 6th, 2016, 10:47 AM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank of India RD Interest Rates

Hello, here I am providing you the details of the interest rates of the recurring deposit scheme of State Bank of India as under:

Tenure ROI (% p.a.) ROI for Senior Citizens (% p.a.)
1 year to 455 days 7.25% 7.50%
456 days to less than 2 years 7.50% 7.75%
2 years to less than 3 years 7.50% 7.75%
3 years to less than 5 years 7.00% 7.25%
5 years and up to 10 years 7.00% 7.25%

Key features of the Scheme:
Monthly deposits of Minimum Rs.100/- and in multiples of Rs 10/- No maximum.
Minimum period 12 months maximum 120 months.
Rate of interest as applicable to Bank's TDR / STDR for the period of the RD.
Loan / Overdraft up to 90% available against the balance in RD account.
TDS is applicable.
Premature withdrawal allowed and for this, rules for TDR/STDR is applicable.
Nomination facility available and it is advised to avail of the facility.
Passbooks are issued

Terms and conditions:
Penalty charges for non-Deposit of monthly instalments:
For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month
For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month


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