#1
February 3rd, 2018, 11:16 AM
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SBBJ RD Interest Rates
Can you tell me about the interest rates for Recurring Deposit (RD) charged by SBBJ (State Bank of Bikaner & Jaipur), now merged with SBI (State Bank of India)?
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#2
February 3rd, 2018, 11:16 AM
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Re: SBBJ RD Interest Rates
SBI (State Bank of India) Recurring Deposit (RD) ranging from 1 year to 10 years and rate of interest ranging between 6.00% p.a to 6.75% p.a for regular customers and an additional interest rate hike of 0.50% for senior citizens. RD Tenure General Rates Rates for Senior Citizens 1 Year 6.25 % p.a 6.75 % p.a Above 1 Year to 455 days 6.25 % p.a 6.75 % p.a 456 days to less than 2 years 6.25 % p.a 6.75 % p.a 2 years to less than 3 years 6.00 % p.a 6.50 % p.a 3 years to less than 5 years 6.00 % p.a 6.50 % p.a 5 years to 10 years 6.00 % p.a 6.50 % p.a SBI Recurring Deposit Interest Rates • SBI offers RD interest rates up to 6.25% • Interest on RD with SBI is compounded quarterly. • SBI accepts minimum deposits starting at Rs. 100. • For senior citizens SBI offers RD rate up to 6.75%. SBI RD Eligibility Criteria • To open an account, one must be an Indian resident or a HUF (Hindu Undivided Families) • An NRI can also open the RD account through NRO and NRE accounts • If one is a minor, one can also open an RD account under the guardianship of one’s parents who will supervise the finances |
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