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.
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.
Here are the applicable SBI RD interest rates 2025:
Tenures | General Public | Senior Citizens |
1 year to less than 2 years | 6.80% p.a. | 7.30% p.a. |
2 years to less than 3 years | 7.00% p.a. | 7.50% p.a. |
3 years to less than 5 years | 6.75% p.a. | 7.25% p.a. |
5 years to less than 10 years | 6.50% p.a. | 7.50% p.a. |
The formula to calculate the total maturity amount is
M= R[1+in-1]1-(1+i)-(1/3)
Here,
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 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.
Anyone with a savings account in SBI can open a recurring deposit online or offline if they fulfil the following conditions:
The following documents are required to open a SBI RD account:
You can open an SBI RD account by following any of the following ways:
To open an SBI RD account, follow the steps mentioned below:
Your RD account will be opened, and then you can check the details under the ‘Account Summary’ section.
You can close the SBI RD account by following the step-by-step procedure mentioned below:
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.
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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