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July 27th, 2017, 02:02 PM
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Join Date: Mar 2012
Re: Recurring Deposit Interest Rates SBBJ

The State Bank of Bikaner and Jaipur SBBJ is now State Bank of India

The SBI Recurring Deposit is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.

SBI RD Interest rate (06th Jul 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%

Recurring Deposit 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

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

Contact-

Toll free number: 1800 11 2211
Toll free number: 1800 425 3800
Toll number: 080-26599990


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