Sbi rd roi

I already have my account in the State Bank of India and searching for the details about the SBI recurring deposit (RD ROI). Will you provide basic details along with interest rates for SBI recurring deposit (RD ROI) and also provide SBI bank registered address and contact details?

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

SBI RD ROI

SBI recurring deposit (RD ROI) comes with excellent features and benefits.

With term of RD ranging from 1 year to 10 years and attractive 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, it is one of the most sought-after RDs in India.

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

Key Features of SBI Recurring Deposits

Monthly RD deposits can be as low as Rs.100 and thereafter in multiples of Rs.10 which makes savings easy for even those who earn less.
There is no maximum limit on the monthly RD deposits amount.
Another excellent feature of SBI RD is that loan or overdraft facility is available against the RD balance maintained by the customer.
Tax Deducted At Source(TDS) is applicable on interest earned through SBI recurring deposit.
Premature withdrawals are allowed as per the bank s rules.
Account Holders with an RD account with SBI will be asked to assign a nominee.
Passbooks will be issued for SBI RD holders.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431