SBI Recurring Deposit (RD) Interest Rates 2025

By Mayashree Acharya

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Updated on: Sep 10th, 2025

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4 min read

SBI Recurring Deposit (RD) is a safe and flexible savings option. SBI RD interest rates 2025 range from 6.80% to 7.00% p.a. for general customers, and 7.30% to 7.50% p.a. for senior citizens. RDs are a smart and disciplined way to save regularly while earning attractive interest rates.

Key Highlights:

  • Tenure: Minimum 1 year, maximum 10 years, in multiples of 3 months.
  • Deposit: Minimum Rs. 100 per month, no maximum limit.
  • Premature Withdrawal: Allowed with penalty; no partial withdrawals.
  • Loan Facility: Loan/overdraft available against RD balance.

What is SBI Recurring Deposit (RD)?

SBI Recurring Deposit (RD) is a savings scheme that allows customers to deposit a fixed amount monthly and earn interest at FD rates. The maturity amount includes both principal and interest, making it suitable for disciplined savers.

SBI RD Interest Rate 2025

Here are the applicable SBI RD interest rates 2025:

Tenures

General Public 

Senior Citizens

1 year to less than 2 years6.80% p.a.7.30% p.a.
2 years to less than 3 years7.00% p.a.7.50% p.a.
3 years to less than 5 years6.75% p.a.7.25% p.a.
5 years to less than 10 years6.50% p.a.7.50% p.a.

How to Calculate SBI RD Interest Rate?

The primary goal of opening an SBI RD account is to earn extra money on your savings. The maturity amount depends on factors like the deposit amount, interest rate, RD duration, TDS, and other related elements.

The easiest way to calculate the interest on your recurring deposit is by using the SBI RD calculator available online. This tool helps you estimate your returns and plan your savings more effectively.

Formula

The formula to calculate the total maturity amount is 

M= R[1+in-1]1-(1+i)-(1/3)

Here,

  • M= Amount received at the time maturity
  • R = number of monthly installments 
  • I = quarterly interest rate

Example of SBI RD interest rates 2025

Let us take an example to understand the calculation of SBI RD interest rates. Suppose you open a recurring deposit account in SBI and plan to invest Rs. 50,000 for 5 years. The applicable interest rate for this will be 6.50%. Thus, after applying the formula, the maturity amount for your RD will be Rs. 35,49,541.

SBI RD Premature Withdrawal Rules

SBI allows customers to withdraw their RD funds ahead of maturity, though a nominal penalty applies for early withdrawal. It's important to note that partial withdrawals from recurring deposits are not allowed.

Eligibility for Opening SBI RD Account

Anyone with a savings account in SBI can open a recurring deposit online or offline if they fulfil the following conditions:

  • Indian residents, including minors
  • Non-Resident Indians
  • Hindu Undivided Family (HUF)
  • Sole proprietary firms
  • Partnership firms
  • Companies
  • Associations and trusts

Documents Required for Opening SBI RD Account

The following documents are required to open a SBI RD account:

  • Identity Proof: Aadhaar card, voter ID card, PAN card, ration card, Government ID card, etc. 
  • Address Proof: Electricity bill, telephone bill, passport, bank account statement, etc. 

How to Open an SBI RD Account?

You can open an SBI RD account by following any of the following ways:

Offline Method

  • You can also open an SBI RD account by visiting your nearest SBI branch, where you have a savings account. 
  • Next, you have to fill out the RD opening form accurately and submit it by attaching the required documents. 
  • After paying the 1st instalment successfully and submitting the form, your SBI RD account will be opened.

Online Method

To open an SBI RD account, follow the steps mentioned below:

  • Log in to your SBI internet banking account.
  • Under the ‘Deposits and Investment’ section, tap on the ‘Fixed Deposits’.
  • Tap on the ‘e-RD (Recurring Deposit)’ account.
  • Go to the ‘Open new A/c’ section and fill up the required details like RD amount, its duration and more.
  • After providing the details, hit the ‘Submit’ button. 

Your RD account will be opened, and then you can check the details under the ‘Account Summary’ section. 

How to Close the SBI RD Account?

You can close the SBI RD account by following the step-by-step procedure mentioned below:

  • Visit your nearest SBI Bank with your RD account details.
  • Navigate to the necessary authority member and ask for an RD account closure form.
  • Fill in the required details as asked and sign it. Please note that if the RD account has a joint holder, the closure accounts will need their signature and consent as well.
  • Attach the self-attested copies of the required documents with the closure form. These include KYC, PAN card, address proof, identity proof, RD account receipt, RD certificate etc.
  • Submit the form to the branch manager.

Final Word

SBI RD interest rates 2025 make it one of the safest investment options for small and regular savers. SBI RDs are a practical tool for building disciplined savings as they offer flexible tenures, additional benefits for senior citizens, and the option to take loans against deposits. 


Related SBI Articles:
1. SBI FD Interest Rates 2025 
2. How to Find CIF Number in SBI?
3. SBI Bank Balance Check Number
4. SBI Savings Account Interest Rate & Minimum Balance
5. SBI Mini Statement: Check via Missed Call, SMS, WhatsApp Number

Frequently Asked Questions

What are the current RD interest rates offered by SBI for 2025?

The latest SBI recurring deposit interest rate ranges between 6.80% to 7.00% for general public and 7.30% to 7.50% for senior citizens, depending upon the investment tenure. 

Is SBI good for RD?

Yes, SBI accounts are good for RD. The SBI offers flexible deposit options for recurring deposits, such as the SBI Flexi Deposit Scheme and SBI holiday savings account, making it easier to save money.

Can I close SBI RD before maturity?

Yes, you can close the SBI RD before maturity. However, a penalty will be levied on premature withdrawal. This interest paid on premature withdrawal may be less than the contracted rate or the applicable rate for the period till which the deposit was made with the bank.

Can one make SBI RD for 6 months?

No, the minimum RD tenure in SBI is 12 months. 

What are the SBI RD interest rates for 1 year?

The SBI RD interest rate for 1 year is 6.80% per annum.

What are the SBI RD interest rates for 3 years?

The SBI RD interest rate for 3 years is 6.75% per annum. 

What are the SBI RD interest rates for 5 years?

The SBI RD interest rate for 5 years is 6.50% per annum.

How much is Rs. 5,000 per month in RD for 5 years SBI?

By investing Rs. 5,000 per month in RD for 5 years you will get a maturity amount of Rs. 3,54,954 at an interest rate of 6.50%.

Can the maturity amount of an RD be moved to any account I want?

No, the SBI maturity amount or the amount payable before maturity can only be transferred to the same account from which the RD was initially funded.

Can an SBI recurring deposit account be opened through net banking?

Yes, you can open an SBI recurring deposit account via net banking easily if you already have a savings account with the bank.

Can the account holder of an SBI RD be different from the person from whose account the money is debited?

No, according to SBI guidelines, the account holder of a Recurring Deposit (RD) must be the same person as the one whose account is debited for the RD installments.

About the Author
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Mayashree Acharya

Senior Content Writer
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I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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