SBI Recurring Deposit (RD) Interest Rates 2026

SBI Recurring Deposit (RD) is a safe and flexible savings option. 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.
• 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 2026

Here are the applicable SBI RD interest rates 2026:

Note: Senior citizens get an enhanced 7.05% return on long-term deposits (5 to 10 years) via the extended SBI Wecare protection initiative

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 to estimate the 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 of maturity.
R= number of monthly instalments.
I= quarterly interest rate.

Example of SBI RD interest rates 2026

Applicable Rate: 6.05% p.a.
Total Principal Invested: ₹3,00,000
Estimated Interest Earned: ₹51,400
Estimated Maturity Value: ₹3,51,400

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?

Customers can open a SBI RD Account in two ways:

i. Offline Method

The method to open a SBI RD account offline:

Step 1: Visit the nearest SBI branch where the savings account is maintained.

Step 2: Fill out the SBI Recurring Deposit (RD) account opening form and submit it along with the required documents.

Step 3: Pay the first instalment and complete the submission process. The SBI RD account will be opened after successful verification.

ii. Online Method

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

Step 1: Log in to the SBI Internet Banking account.

Step 2: Go to the 'Deposits and Investment' section and select 'Fixed Deposits'.

Step 3: Select the 'e-RD (Recurring Deposit)' account option.

Step 4: Open the 'Open New A/c' section and enter the required details, such as the RD amount and tenure.

Step 5: Review the details and click 'Submit' to open the SBI RD account.

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?

Follow the steps below to close the SBI RD Account:

Step 1: Visit the nearest SBI branch with the RD account details.

Step 2: Request the RD account closure form from the concerned bank official.

Step 3: Fill in the required details and sign the form. For joint RD accounts, signatures and consent from all account holders are required.

Step 4: Attach self-attested copies of the required documents, such as KYC documents, PAN card, address proof, identity proof, RD account receipt, and RD certificate.

Step 5: Submit the completed form and documents to the branch manager.

Final Word

SBI RD interest rates 2026 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 2026 
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