SBI RD Interest Rates 2021, Check SBI Recurring Deposit Interest Rates 2021, SBI Recurring Deposit Schemes Types, Deposit Features, and More

by Priyanka S

Updated Feb 03, 2021 19:30 IST

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SBI RD Interest Rates 2021, Check SBI Recurring Deposit Interest Rates 2021, SBI Recurring Deposit Schemes Types, Deposit Features, and More

What are SBI RD Interest Rates 2021? The SBI RD Interest Rates 2021 are revised for this year as SBI is now open to it customers with some new savings and deposit options in the Recurring Deposit category and the Recurring deposit is a type of deposit option in which the customers can deposit monthly when compared to huge payments in Fixed Deposits. There are some new features added to the various SBI RD. Although SBI RD is similar to a fixed deposit, some of the added features are quite different when compared. In this article, we have provided complete information on SBI RD Interest Rates 2021 and SBI Recurring Deposit Schemes Types.

RD Interest Rates In SBI

  • SBI offers RD interest rates up to 5.40%
  • Interest on RD with SBI is compounded quarterly.
  • SBI accepts minimum deposits starting at 100.
  • For senior citizens, SBI offers RD rate upto 6.20%.

SBI Recurring Deposit Features 

  • The Nomination facility is available
  • The Loan facility is provided up to 90% of your RD amount
  • The Recurring deposit tenure ranges from 1 year to 10 years
  • If you want to avail these features, we can visit any SBI branch.
  • The SBI TDS deductions are subject to the existing income tax rules same at the time of opening the RD account.
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SBI Recurring Deposit Schemes Types

  • Short-Term RD
  • Medium-Term RD
  • Long-Term RD
  • Short-Term 

  • Medium-Term RD

  • Long-Term RD

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SBI Recurring Deposit Interest Rates 2021

Factors Affecting SBI RD Rates

  • RBI Framed Policies
  • Recession
  • Inflation
  • The current State Of Economy

SBI RD Calculator

  • Deposit amount (monthly instalments)
  • Tenure (in years/months)
  • The rate of interest
Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

SBI RD Interest Rates 2021 - FAQs

1. What is an RD?

RD is known as Recurring Deposits

2. What is a Recurring Deposit?

The Recurring deposit is a type of deposit option in which the customers can deposit monthly when compared to huge payments in Fixed Deposits.

3. What are the new SBI RD revision in 2021?
  • SBI offers RD interest rates up to 5.40%
  • Interest on RD with SBI is compounded quarterly.
  • SBI accepts minimum deposits starting at 100.
  • For senior citizens, SBI offers RD rate upto 6.20%.
4. What are the SBI RD features?
  • The Nomination facility is available
  • The Loan facility is provided up to 90% of your RD amount
  • The Recurring deposit tenure ranges from 1 year to 10 years
  • If you want to avail these features, we can visit any SBI branch.
  • The SBI TDS deductions are subject to the existing income tax rules same at the time of opening the RD account.
5. What are the SBI RD Scheme Types?
  • Short-Term RD
  • Medium-Term RD
  • Long-Term RD

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