#1
February 6th, 2017, 01:07 PM
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SBI RD Calculator
Can you provide me the details of the SBI RD (State Bank of India Recurring Deposit)? Also tell me about the interest rates incurred for it?
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#2
February 6th, 2017, 01:49 PM
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Re: SBI RD Calculator
State Bank of India’s Recurring Deposit scheme can be opened with a minimum of just Rs. 100 and in multiples of Rs. 10 thereafter. There is no maximum limit on the amount that can be deposited. The deposit term ranges from 12 months to 10 years. Premature withdrawal of funds available in the Recurring Deposit is permitted. SBI Short-term RD Interest Rates Bank offers Recurring Deposit for a short deposit term from a minimum of 12 months to 455 days at an interest rate of 6.90% for regular customers. The rate of interest offered by the Bank is 6.95%. SBI Medium and Long Term RD Interest Rates Bank also offers medium deposit tenures and long deposit tenures on Recurring Deposit. Medium tenures for holding an RD account with the Bank ranges over a period of more than 3 years to less than 5 years and the interest rate applicable is 6.50%. It can be held for a tenure of more than 5 years to a maximum period of not more than 10 years, at an interest rate of 6.50% as well. SBI Senior Citizen Recurring Deposit Interest Rates Senior Citizens are offered an additional interest rate hike of 0.50% over the interest rate offered to the general public. In it, one will receive 7.40% interest rate for a short term RD ranging from 1 year to 455 days and for a period of more than 455 days to not more than 2 years the interest rate applicable will be 7.45%. For a medium term and long term recurring deposit ranging from 3 years to 10 years, the interest rate offered by the Bank is 7.00%. SBI Recurring Deposit Rates Below One Crore Tenure ROI (% p.a) ROI for Senior Citizens (% p.a) 1 year to 455 days 6.9 7.4 456 days to less than 2 years 6.95 7.45 2 years to less than 3 years 6.85 7.35 3 years to less than 5 years 6.5 7 5 years and up to 10 years 6.5 7 |
#3
February 6th, 2017, 01:50 PM
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Re: SBI RD Calculator
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