SBI Recurring Deposit Features & Interest Rates 2016

SBI or State Bank of India is one of the most reputed as well as the No.1 bank in India. Being a public sector bank owned by the Government of India, SBI is highly secured and safe bank for all your investments and savings for the future.

One such financial investment scheme offered by SBI is the Recurring Deposit plan. Opening a Recurring Deposit account at SBI is quite simple and offers a lot of benefits for the investor. Here are the features of SBI Recurring Deposit scheme as follows:

Salient Features of SBI Recurring Deposit Scheme:

  • Open a Recurring Deposit Account with a maturity tenure from minimum 12 months to maximum 120 months.
  • Facility to assign a nominee for your RD account.
  • You can open a RD account by depositing a minimum monthly installment of Rs. 100. There’s no maximum limit for a Recurring Deposit account.
  • Once active, you can’t change the fixed monthly installment amount and number of installments as per the tenure of your RD account.
  • Facility to avail Loan against security of the balance is available with Recurring Deposit account for an extent of 90% of the deposit @ 0.5% p.a. above the rate of deposit.
  • There’s No TDS (Tax Deducted at Source) on interest income with Recurring Deposit account. So you can withdraw your maturity value fully at the end of the tenure.
  • Get a Passbook with your RD account.
  • Senior citizens can enjoy an additional 0.25% interest rate compared to other individuals.
  • With Online SBI facility, you can also open a RD account online using e-RD feature.
  • Get premature spot payment anytime without any trouble.
  • For premature closure, the interest rate will be reduced by 1.00% from the original rate applicable for the period the deposit was invested in the bank.

SBI Recurring Deposit Interest Rates 2016:

The interest rates offered for Recurring Deposit account at State Bank of India are same as any other term deposit schemes offered by SBI. Lately, SBI has revised the interest rates for all their term deposit plans.

Check out the revised interest rates for SBI Recurring Deposit schemes for 2016:

For 1 year to less than 5 years

Minimum tenure for a Recurring Deposit account is 1 year (i.e. 12 months) as mentioned above. The interest rate for public (w.e.f. 05/10/2015) for Recurring Deposit account for a term of 1 year to less than 5 years is revised to 7.25-7.50% from the previous 7.75%. For the same tenure, the interest rates for senior citizens (w.e.f 05/10/2015) is revised to 7.25-7.75% from the previous 7.50-8.00%.

Current Recurring deposit table:

Maturity RangePublicSenior Citizens
1 year to 455 days 7.25 7.50
456 days to 2 years 7.50 7.75
2-3 years 7.50 7.75
3-5 years 7.00 7.25
5-10 years 7.00 7.25

Table updated: 15 January, 2015

Calculate rd maturity value

For 5 years and up to 10 years

The interest rates for public (w.e.f 05/10/2015) for Recurring Deposit account for a term of 5 years and up to 10 years is revised to 7.00% from the previous 7.25% whereas for the same tenure, the interest rates for senior citizens (w.e.f. 05/10/2015) is revised to 7.25% from the previous 7.50%.
Note: All the above interest rates are collected from the official SBI website by the Bank India team. SBI or State Bank of India reserves the right to change the applicable interest rates at any time, so you must check the latest interest rates at the source website given below.

Check term deposite rates in details: http://www.bankindia.org/fixed-deposit/sbi-fd-interest-rates

42 Comments

  1. I want to active a Rd with 5000 PER month for three years. Please give details of rate and maturity after three years

  2. This is Vignesh I have RD account with SBI I just like to know about the ROI for 12 month and 16 month ple address my request

  3. i want to active a rd with 1500 p.m for 5 years can u give me full details ,interest rates/maturity vale after 5 years

  4. i want to activate a rd with 3500/rs p.m for 15years can you give me the full details regarding same like interest rates/maturity value after 15 year.

  5. i want to activate a rd with 2000/rs p.m for 1year can you give me the full details regarding same like interest rates/maturity value after 1 year.

  6. Hi
    i want to open my RD account in
    jammu but now i live in punjab can i deposit my money in Punjab every month without any penalty

  7. hi,
    Is this possible in the middle of the year if someone wants to increase their installment amount (Ex: 2000 to 3000) as account has been opened in e-RD.

  8. Dear sir ,
    I want to activate a RD with Rs 1500/- PM for 5 year . Can you give me the full detail regarding same . like interest rate / maturity
    value after 5 year etc..

  9. Dear sir ,
    I want to activate a RD with Rs 1500/- PM for 5 year . Can you give me the full detail regarding same . like interest rate / maturity
    value after 10 year etc..

  10. sir , i want to activate a rd with Rs 1000/- PM for 10 year . Can you give me the full detail regarding same . like interest rate / maturity value after 10 year etc

  11. what is the rate of interest for 3 years. And i want to open the rd account. my installment is 2000/.P.M .pls give me the answer my email id

  12. I have open r.d acount in sbi for 1 year install 10000 what maturity after 1 year plz give me answer

  13. Dear Sir,
    What is the rate of interest for 5 year. And I want to open the rd account and my installment is 2000/- PM

  14. Sir,
    I want to 10 Lakhs Rupees invest in Indian SBI bank, which amount i got per month interest. Can you have send details my ID.

  15. I have opened a RD in SBI through net banking from my Savings Account. But my RD instalment is not yet deducted. Today is 10th Aug and my RD instalment payment date was 8th Aug. Please let me know will I have to deposit RD instalment manually or the RD instalment will automatically gets deducted from my savings account? Need immediate response pls.

  16. I want open rd account in sbi for 1 year 5000 install and one more 5000 for 2 year …. what maturity will be after one and two year.. and what is the percentage of interest please give me details…

  17. i want open rd account in sbi for 1 year 5000 install and one more 5000 for 2 year …. what maturity will be after one and two year.. and what is the percentage of interest please give me details…

  18. i want open rd account in sbi for 1 year 5000 install and one more 5000 for 2 year …. what maturity will be after one and two year.. and what is the percentage of interest please give me details…

    Thank you

  19. I want to open new rd amounted 15000 per mount for 3 yrs now my ques. Is what is the actual figure of maturity.

  20. sir i opened rd a/c in sbi 1000/m for 5 yrs what will be interest rate.and how much is maturity value. and will it be auto credit or there is a lengthy process.

  21. sir , i want to activate a rd with Rs 2000/- PM for 10 year . Can you give me the full detail regarding same . like interest rate / maturity value after 5 year etc

    • Sir I want to activate a Rd with rs 5000pm for 5year can you give me the full details regarding same like interest rate /maturity value after 5years etc.

  22. How to get my rd money in sbi bank it’s automatic credit or something…? I already get sbi online I want to open in rd account in sbi so I need an clarification. I know how to open rd in online but how to get rd money any options for online banking.

  23. i want to open rd in sbi. i am staying jamshedpur.can you give me the details on my mailing address.

  24. As I opened Rd account on Jun 2014
    They told that interest rate will be 9.75%
    But status shows 9 %

    I have applied through net banking for new Rd account now it shows Only 8% what is the real interest rate

    • Sir i want to activated a rd with 2000/rs p.m for 1year can you give me the full details regarding same like interest rates/maturity value after 1 year.

  25. As I opened Rd account on Jun 2014
    They told that interest rate will be 9.75%
    But status shows 9 %

    I have applied through net banking for new Rd account now it shows Only 8% what is the real interest rate

  26. Sir , i want to activate a rd with Rs 3000/- PM for 10 year . Can you give me the full detail regarding same . like interest rate / maturity value after 5 year etc

  27. Sir , i want to activate a rd with Rs 1000/- PM for 5 year . Can you give me the full detail regarding same . like interest rate / maturity value after 5 year etc .

  28. Sir , i want to activate a rd with Rs 1000/- PM for 5 year . Can you give me the full detail regarding same . like interest rate / maturity value after 5 year etc .

  29. sir, I recently opened a recurring deposit account in branch no. 16495 j&k chadoora. on many requests they didn’t link my rd with my e-banking related to my saving account in same bank…..

    • If you have Net Banking activated for your SBI account then you can open a Recurring Deposit account online or you can visit your branch to open a Recurring Deposit account.

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