Sbi Recurring Deposit Interest Rate
Posted : admin On 4/3/2022So set aside a small amount every month and earn at compounded rates of interest. Wide Choice in Period of Deposit. Flexibility in period of deposit. Low minimum monthly deposit amount. You can start a Recurring Deposit with SBI Muscat for a monthly instalment of OMR 25 only. SBI Muscat Fixed Deposit Rates Apply. Check out our Interest Rates Online. Recurring deposit rates in SBI and post office: -For the general public, RD interest rates in SBI currently vary between 5 -5.4 percent. Senior citizens get an additional interest of 50 basis. The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. What are the interest rates for a recurring deposit? The interest rates vary from time to time. You can view the latest interest rates by clicking on 'View current interest rate' link provided in e-RD request page.
Recurring Deposit Account
Recurring Deposit Account
Recurring Deposits is a systematic investment plan (SIP) to build an accumulated savings fund for achieving one’s financial goals. It is meant for those who wish to invest a specific chosen amount of money on a monthly basis for a fixed rate of return. The first deposit made at the time of opening will be the denomination of the account. Each subsequent monthly instalment made is equal to the first deposit.
Recurring Deposit Account tabbed content
FeaturesFeatures
- Choose a term in months (6 months to 60 months)
- Choose a fixed amount called instalment to deposit each month regularly (minimum ZAR 500 and multiples of ZAR 100)
- Deposits the instalment every month during the contracted period.
- Automatic transfer of monthly instalment from transactional accounts based on standing instructions
- Interest rate is fixed for the term of the deposit
- For senior citizens i.e. of age 55 years or older extra 0.25% p.a. interest for deposits of 24 months and above
- Interest paid on maturity.
- Early withdrawal of funds is not allowed except under extreme circumstances as a matter of discretion but with penalty fees
- Funds on maturity will be handled as per instructions.
- For emergency needs, avail easy loans upto 90% of the balance amount lying in the account.
- No monthly transactional fees
Interest Rates
Interest on Recurring Deposit Account is paid on maturity. Please click on Interest rates for detail of interest rates in Recurring Deposit Account.
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Recurring deposit Content
Recurring Deposit
Regular small savings to build up a fund
Recurring Deposit allows you to invest a fixed amount ranging from minimum LKR 1,000/ per month to maximum LKR 25,000/- per month (in multiples of LKR 1,000/-) at monthly intervals for building up an amount at the end of the term to fulfill your dreams.
Term of deposit
12 / 24 months.
Eligibility
- Resident Individuals (Sri Lankan, Indian & Other Nationals) of 18 years of age & above.
- Single or in Joint names with other individuals.
Interest Rates
- Card rates on Fixed deposits.
- Please refer ‘interest rates’ link under ‘Quick links’ for latest interest rates.
Key Benefits
- High safety & security of your funds.
- Free Nomination facility.
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