#1
July 6th, 2016, 10:18 AM
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State Bank of India RD Interest Rates
Hello, I want to know the details of the interest rates of the recurring deposit scheme of State Bank of India.
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#2
July 6th, 2016, 10:47 AM
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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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