Sbi Recurring Deposit Interest Rates 2020 Average ratng: 5,7/10 3100 votes
- Latest SBI RD Rates 2021 Note: The above-stated SBI recurring deposit rates are applicable w.e.f. 1% extra payable to SBI staff members and SBI pensioners. Click to know the latest SBI FD Rates. SBI Recurring Deposit – Features & Benefits.
- Interest on all other type and currencies of deposits shall be paid purely on Bank’s discretion. Interest Rates on Loans & Advances. A- Corporate Loans & Advances. We offer competitive rates on corporate loans & advances linked to AWPLR for LKR currency and linked to LIBOR for USD currency.
The interest earned on recurring deposits is taxable. SBI charges penalty for non-payment of monthly instalment - for a/c of period 5 years and less, Rs 1.50 per Rs. 100/- per month is charged. For a/c of period above 5 years- Rs 2.00 per Rs. 100/- per month is charged. One of India’s most preferred and largest bank State Bank of India (SBI) for the second time within a month has cut down interest rates on the fixed deposits. From March 10, 2020, the revised rates have been into effect. Earlier on 10 February 2020, State Bank of India had cut interest rates. SBI RD Calculator: Your Rs 1000 monthly savings can become Rs 1.59 lakh; check interest rate, penalty, other details at sbi.co.in SBI RD Calculator: The State Bank of India (SBI) Recurring Deposit (RD) or SBI RD is a product to provide a person with an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time.
Interest Rates
Interest Rates on ZAR Deposit
Interest rates on Savings Bank Accounts in % p.a w.e.f 21.12.2020
| Daily Balance Of | Interest Rate |
|---|
| Below Rand 10,000/- | 2.00 |
| Rand 10,000/- and above but below Rand 50,000/- | 225 |
| Rand 50,000 and above below Rand 100,000/- | 2.50 |
| Rand 100,000 and above | 2.50 |
Interest Rates on Call Deposits (% p.a w.e.f. 21.12.2020)
| Call Deposit | Less than 25,000 | 25,000 to <100,000 | 100,000 to <1 mio | 1 mio to 10 mio |
|---|
| Individual | 0.00 | 2.50 | 2.50 | on request |
| Corporate | 0.00 | 2.50 | 2.50 | on request |
Interest Rates on Time Deposits / Recurring Deposits:
Interest Paid on maturity (% p.a w.e.f 21.12.2020)
Sbi Recurring Deposit Rates 2017
| Amount Tenor | 10,000 upto <100,000 | 100,000 upto < 1,000,000 |
|---|
| 7 Days to <=3 Month | 2.50 | 2.50 |
| 3 Month to <=6 Month | 2.75 | 2.75 |
| 6 Month to <=24 Month | 3.00 | 3.00 |
| 24 Month to < =36 Month | 3.25 | 3.25 |
| 36 Month to < 120 Month | 3.25 | 3.25 |
Please Note:
- Rates for R 1.00 Mio and above on request only
- Senior Citizens (age:65 years or more) on deposits of 24 months and above to get additional 25 bps interest.
- All Interest rates are for single Deposit amounts.
USD deposits: (w.e.f 31.07.2020 in % p.a)
| Tenor | USD upto 500,000 | USD 500,000 and above |
|---|
| CFC | 0.10 | 0.25 |
| Term Deposits | Rates for term deposits on request only. |
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